Manchester Relief in Need CIO Trustees Annual Report & Accounts
Register Charity Number 1197146
For the financial year ending 30 September 2023
Registered Charity Number: 1197146
Manchester Relief in Need CIO
| Contents | |
|---|---|
| Legal and administrative Information | 1 |
| Trustees’ Annual Report | 2 to 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 17 |
Manchester Relief in Need CIO
Legal and Administrative Information
Trustees: Sharman Birtles (Chair) Resigned 26 January 2024 Spencer Howard Bowden Julie Denby Resigned 30 September 23 Anna Addison Chair from 27 January 2024 Janet O’Connor Shirley Adams Ifeoma Ogbologu Lawrence Bettany Appointed 26 January 2024 Bankers: The Co-operative Bank 1 Balloon Street Manchester M60 0AS Registered Address: G104, Bolton Arena Arena Approach Horwich Bolton, BL6 6LB Charity Number: 1197146 Investment Advisers: WH Ireland One New Bailey 4 Stanley St Salford M3 5FT Trust Administrators: Beyond Profit Ltd G104 Bolton Arena Arena Approach Horwich Bolton BL6 6LB
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Manchester Relief in Need CIO
Trustees’ Annual Report
Structure, Governance and Management
Legal Status
The Trust is a Charitable Incorporated Organisation and is a registered charity, number 1197146 (registration date 15 December 2021). The charity is an amalgamation of four other charities, these being:
Manchester Relief in Need Charity number 224271 Manchester Children's Relief in Need Charity number 249657 Manchester District Nursing Institution Fund Charity number 235916 The Levenshulme Trust for the Relief of Sickness and Suffering Charity number 225116
The names of the present Trustees and Secretary are set out on page 1.
Recruitment and Appointment of Trustees
Trustees are recruited from those with an interest in and knowledge of health and social care. The charity advertises its Trustee positions both online and through contacting existing referrers to the charity.
Trustees are appointed for a term of 3 years after which time they can be reappointed for two further three-year terms.
Responsibilities of the Trustees
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice applicable to smaller charities.
Law applicable to charities In England and Wales requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the Incoming resources and applications of the resources of the Charity during the year and of Its state of affairs at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
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select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent.
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prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the Charity will continue in operation.
The Trustees have complied with their duty to have due regard to the public benefit guidance published by the Charity Commission.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the Charity, and which enable them to ascertain its financial position and to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the Trust Deed. 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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Objectives and Activities for the Public Benefit
The objects of the Trust are wide, as defined in the constitution and are for:
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The prevention or relief of poverty in the city of Manchester by providing grants and items to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
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The prevention or relief of poverty of persons in the city of Manchester, city of Salford and borough of Trafford who are sick, convalescent, disabled or infirm by providing grants and items to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
This is achieved through the giving of grants to both individuals and organisations.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant-making policy for the period.
Achievements and Performance
This was the first full year of operation of the CIO. In the financial year, 251 applications were received, of these 213 were considered by the Trustees, the remainder being ineligible. 149 grants were awarded to individuals with £41,505 distributed, the majority of these being white goods. £25,168 was distributed in group grants to 8 organisations.
In addition, the Trustees have undertaken a program of 9 visits to key organisations, who received group funds in 2021/2 and 2022/3. Two Trustees visited each of the organisations and a formal report was written and shared with the full Board of Trustees.
Future Plans
The Trustees remain committed to strengthening the Board of Trustees and have successfully recruited 2 new Trustees who will take up their positions in the next financial year.
A skills audit will be completed during the next 12 months to ensure the Board identifies any further areas that will need to be strengthened.
The Trustees have identified that the Charity’s work needs to be expanded across the range of frontline services helping people in poverty in Manchester. In the next 6 months a comprehensive piece of work will be completed to identify and promote the Charity’s work with as many statutory and voluntary organisations across the region, to ensure as many support workers as possible can refer their clients to Manchester Relief In Need for help.
Financial Review
For the year ending 30 September 2023 the total funds of the charity were £2,098,732 with income of £117,109 and expenditure of £113,565. For the prior 18-month period the income and expenditure of the combined charities was £168,187 and £172,917 respectively.
At the end of the financial year the total funds of the charity were £2,098,732, which consisted of £90,495 unrestricted funds and £2,008,237 endowment funds.
Donations
During the year, the charity continued to receive support from Clarke’s and Marshall’s Charities specifically for the Manchester Relief in Need fund. The Trustees wish to thank the Trustees of Clarke’s and Marshall’s for their continued support.
Investment Policy and Performance
The Charity has appointed WH Ireland as their investment advisors with a discretionary mandate.
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Policy
The investment objective is to provide income to meet the charity's objectives and maintain the real value of the capital. We aim to have a balanced, ethical portfolio and are mindful of safeguarding our assets for the future.
We give due consideration to the balance between UK and overseas equities. At the end of the period, we had £1,896,557 held in investments.
Performance
During the year we have received £59,309 as investment income (18 months prior: £78,104) . During the year we had an investment gain of £78,760, the previous 18 months was a loss of £112,684.
Reserves policy
The Trustees are committed to ensuring that sufficient reserves are maintained to ensure that they are able to continue to meet the needs of the applicants. Reserves at the year-end were £2,098,732 (Prior period: £2,016,429) . This consisted of £90,495 unrestricted funds and £2,008,237 endowment funds.
The annual report was approved by the trustees of the charity on 23 February 2024 and signed on its behalf by:
……………………………….
Anna Addison, Chair of Trustees
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Independent Examiners’ Report to the Trustees of Manchester Relief in Need
I report on the accounts of the Trust for the year ended 30 September 2023, which are set out on pages 6 to 17.
This report is made solely to the Charity’s Trustees, as a body, in accordance with section 154 of the Charities Act 2011. My Independent Examiner’s work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity, and the Charity’s Trustees as a body for my Independent Examiner’s work, for this report, or for the opinions I have formed.
Respective Responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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a) to keep accounting records in accordance with section 130 of the 2011 Act; and
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b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
…………………………….. Helen Binns FCA
Beever and Struthers One Express 1 George Leigh St Manchester M4 5DL
Date: 23 February 2024
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Manchester Relief in Need
Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Unrestricted | Endowment | Total funds 30 | Total funds 30 | ||
|---|---|---|---|---|---|
| Notes | funds | Funds | September 2023 | September 2022 | |
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | 3 | 57,500 | - | 57,500 | 90,083 |
| Investment income | 4 | - | 59,309 | 59,309 | 78,104 |
| Other income | 5 | 300 | - | 300 | - |
| Total | 57,800 | 59,309 | 117,109 | 168,187 | |
| Expenditure on: | |||||
| Raising funds | 6 | - | 22,886 | 22,886 | 24,514 |
| Charitable activities | 7 | 90,678 | - | 90,678 | 148,404 |
| Total | 90,678 | 22,886 | 113,565 | 172,917 | |
| Net income/(expenditure) | (32,878) | 36,422 | 3,544 | (4,730) | |
| Net gains/(losses) on investments | - | 78,760 | 78,760 | (112,684) | |
| Net movement in funds before transfers |
(32,878) | 115,182 | 82,303 | (117,415) | |
| Transfer between funds | 36,422 | (36,422) | - | - | |
| Net movement in funds | 3,544 | 78,760 | 82,303 | (117,415) | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 86,951 | 1,929,478 | 2,016,429 | 2,133,843 | |
| Total funds carried forward | 12 | 90,495 | 2,008,237 | 2,098,732 | 2,016,429 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 17 form an integral part of the financial statements.
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Manchester Relief in Need
(Registration number: 1197146) Balance sheet as at 30 September 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Investments | 8 | 1,896,557 | 1,835,817 |
| Total fixed assets | 1,896,557 | 1,835,817 | |
| Current assets | |||
| Debtors | 9 | 6,374 | 5,069 |
| Cash at bank and in hand | 10 | 235,284 | 204,258 |
| Total current assets | 241,657 | 209,328 | |
| Creditors:amountsfalling duewithinone year | 11 | 39,482 | 28,715 |
| Net current assets/(liabilities) | 202,175 | 180,612 | |
| Total net assets / (liabilities) | 2,098,732 | 2,016,429 | |
| Funds of the Charity | |||
| Endowment Fund funds | 12 | 2,008,237 | 1,929,478 |
| Unrestricted funds | 12 | 90,495 | 86,951 |
| Total funds | 2,098,732 | 2,016,429 |
The notes on pages 8 to 17 form an integral part of the financial statements.
The financial statements on pages 6 to 17 were approved by the Board on 23 February 2024 and were signed on their behalf by:
……………………………….
Anna Addison, Chair of Trustees
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 1: Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2016.
Manchester Relief in Need CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting notes.
b) Preparation of the accounts on a going concern basis
Having considered projections for income and expenditure in the next 12 months the trustees consider that there are no material uncertainties to allow the charity to continue as a going concern.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be reliably measured.
Donations are recognised when the charity receives the funds.
d) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
Endowment funds represent donations and legacies received whereby the capital must be retained but an income arising from these investment may be used for the objects of Manchester Relief in Need.
e) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be recognised reliability.
All expenditure is shown inclusive of VAT.
f) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
g) Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date of the market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the period.
h) Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity.
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Subsequently, they are measured at the cash or other consideration expected to be received.
h) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probable result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provision re normally recognised at their settle met amount after allowing for any trade discounts due.
i) Corporation Tax
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
j) Key estimates and accounting judgements
In applying the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The Trustees’ judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates ad assumptions, the actual results and outcomes may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of revision and future periods, if the revision affects both current and future periods."
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 3: Income from donations and legacies
| Donations from organisations | Unrestricted funds Total General 2023 £ £ 57,500 57,500 |
|---|---|
| 57,500 57,500 |
Note 4: Investment income
| Other investment income | Unrestricted funds Endowment fund Total Total General 2023 2022 £ £ £ £ - 59,309 59,309 78,104 - 59,309 59,309 78,104 |
|---|---|
Note 5: Income from other trading activities
| Compensation payment | Unrestricted funds Total Total General 2023 2022 £ £ £ 300.00 300.00 - |
|---|---|
| 300.00 300.00 - |
Note 6: Expenditure on raising funds
| Investment manager fees | Endowment fund Total Total 2023 2022 £ £ £ 22,886 22,886 24,514 |
|---|---|
| 22,886 22,886 24,514 |
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 7a: Expenditure on charitable activities
| Individual grants Group grants |
Grants Support and governance Total Total costs 2023 2022 £ £ £ £ 41,505 22,747 64,252 97,025 25,168 1,258 26,426 51,379 |
|---|---|
| 66,673 24,005 90,678 148,404 |
149 grants were awarded to individuals in the year ending 30 September 2023. 7 group grants were awarded in the year ending 30 September 2023.
Note 7b: Group grants
Note 7c: Support and governance costs
| 2023 £ Organisation Audacious Foundation - Barlow Moor Community 2,250 Barnabus - Booth Centre 5,000 Burnage Foodbank (Burna - Christian Restoration Man - Contact 5,000 Depaul UK 3,000 Early Essentials - Making Space - Mustard Tree - The Manchester Foyer 3,000 TLC St Luke's 4,420 Walking with the Wounde 2,500 Wythenshawe Foodbank - 25,168 Trust administration Website Trustee Indemnity insurance Independent examination Legal fees Trustee training Room hire for Trustee meetings Other governance costs |
2023 £ 20,466 397 558 1,350 420 - 814 - |
|---|---|
| 24,005 | |
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 8: Investments
| Market value at 30 September 2022 Additions to investments at cost Disposals at carrying value Net gain on revaluation Adjustment py Market value at 30 September 2023 |
£ 1,835,817 274,690 (292,709) 78,760 - 1,896,557 |
|---|---|
| Listed investments United Kingdom quoted investments |
Cost at 30 Sept 2023 Market value 30 Sept 2023 Market value 30 Sept 2022 £ £ £ 1,948,153 1,896,557 1,835,817 |
Note 9: Debtors
| Accrued Income Prepayments Total |
30 September 2023 £ 6,309 65 |
30 September 2022 £ 4,511 558 |
|---|---|---|
| 6,374 | 5,069 |
Note 10: Cash at bank and in hand
| Cash at bank and on hand Cash on deposit Total |
30 September 2023 30 September 2022 £ £ 136,878 102,638 98,405 101,620 |
|---|---|
| 235,284 204,258 |
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 11: Creditors & Accruals
Analysis of creditors: falling due within one year
| Analysis of creditors: falling due within one year |
|
|---|---|
| Trade creditors Accruals Other creditors Total |
30 September 2023 30 September 2022 £ £ 1,576 2,486 37,906 25,681 - 548 |
| 39,482 28,715 |
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 12: Charity funds
| Endowment Funds Manchester Relief in Need Manchester Children's Relief in Need Manchester District Nursing Institution Total Endowment Funds Unrestricted Funds General Manchester Relief in Need Manchester Children's Relief in Need Manchester District Nursing Institution Levenshulme Trust for Sickness and Suffering Total Unrestricted Funds Total Funds 2021/22 Comparative Endowment Funds Manchester Relief in Need Manchester Children's Relief in Need Manchester District Nursing Institution Total Endowment Funds Unrestricted Funds Manchester Relief in Need General Designated Manchester Children's Relief in Need Manchester District Nursing Institution General Levenshulme Trust for Sickness and Suffering Designated Total Unrestricted Funds Total Funds |
Balance at 1 October 2022 Income Expenditure Investment gains/(losses) Transfer between funds Balance at 30 September 2023 £ £ £ £ 356,300 10,985 (£3,908) 17,590 (£7,077) 373,890 648,494 19,595 (£7,727) 23,749 (£11,868) 672,243 924,684 28,729 (£11,251) 37,420 (£17,477) 962,104 1,929,478 59,309 (£22,886) 78,760 (£36,422) 2,008,237 42,879 57,600 (£70,790) - 7,077 36,766 7,786 100 (£7,638) - 11,868 12,115 30,875 100 (£9,252) - 17,477 39,201 5,411 - (£2,998) - - 2,413 86,951 57,800 (£90,678) - 36,422 90,495 |
|---|---|
| 2,016,429 117,109 (£113,565) 78,760 - 2,098,732 |
|
| Balance at 1 April 2021 Income Expenditure Investment gains/(losses) Transfer between funds Balance at 30 September 2022 £ £ £ £ 377,128 13,376 (£4,888) (£20,827) (£8,489) 356,300 681,039 26,070 (£7,812) (£32,545) (£18,258) 648,494 983,995 - (£11,814) (£59,312) 11,815 924,684 2,042,162 39,446 (£24,514) (£112,684) (£14,932) 1,929,478 32,278 90,000 (£90,887) - 11,488 42,879 10,000 - (£7,000) - (£3,000) - 2,077 83 (£12,632) - 18,258 7,786 - 26,754 34,164 (£24,950) - (£5,093) 30,875 5,572 4,495 (£3,282) - (£1,374) 5,411 15,000 - (£9,652) - (£5,348) - 91,681 128,742 (£148,403) - 14,931 86,951 |
|
| 2,133,843 168,188 (£172,917) (£112,684) - 2,016,429 |
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 13: Analysis of Net Assets between Funds
| Fund balances at 30 September 2023 are represented by: Investments Current assets Current liabilites Transfer between funds Prior Year Comparative Fund balances at 30 September 2022 are represented by: Investments Current assets Current liabilites Transfer between funds |
Unrestricted funds Endowment Funds Total Funds 30 September 2023 £ £ £ - 1,896,557 1,896,557 93,554 148,103 241,657 (39,482) - (39,482) 36,422 (36,422) - |
|---|---|
| 90,495 2,008,238 2,098,732 Unrestricted funds Endowment Funds Total Funds 30 September 2022 £ £ £ - 1,835,817 1,835,817 100,736 108,592 209,328 (28,715) - (28,715) 14,931 (14,932) (1) |
|
| 86,951 1,929,477 2,016,428 |
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 14: Merger Disclosures
Manchester Relief in Need (registered charity number 224271), Manchester Children's Relief in Need (registered charity number £249657), Manchester District Nursing Institution Fund (registered charity number 235916) and The Levenshulme Trust for the Relief of Sickness and Suffering (registered charity number 225116) merged with Manchester Relief in Need CIO (registered charity number 1197146) on 1 October 2022. The objects of the charities are the same.
Analyisis of principal SoFA components for the current reporting period
| Manchester | |||||||
|---|---|---|---|---|---|---|---|
| Manchester | Manchester | Children's | |||||
| Relief in | Relief in | Relief in | Charity | ||||
| Need CIO | Need (pre- | Need (pre- | MDNIF (pre- | LTRSS (pre- | (post | Combined | |
| (pre-merger) | merger) | merger) | merger) | merger) | merger) | Total | |
| Total income | - | - | - | - | - | 117,109 | 117,109 |
| Total expenditure | - | - | - | - | - | (£113,565) | (£113,565) |
| Net income/(expenditure) | - | - | - | - | - | 3,544 | 3,544 |
| Other gains / (losses) | - | - | - | - | - | 78,760 | 78,760 |
| Net movement in funds | - | - | - | - | - | 82,303 | 82,303 |
Analysis of principal SoFA components for the previous reporting period
| Manchester | ||||||
|---|---|---|---|---|---|---|
| Manchester | Manchester | Children's | ||||
| Relief in | Relief in | Relief in | Combined | |||
| Need CIO | Need | Need | MDNIF | LTRSS | Total | |
| Total income | - | 103,376 | 26,153 | 34,164 | 4,495 | 168,187 |
| Total expenditure | - | (£102,775) | (£20,444) | (£46,416) | (£3,283) | (£172,917) |
| Net income/(expenditure) | - | 601 | 5,709 | (£12,252) | 1,212 | (£4,730) |
| Other gains / (losses) | - | (£20,827) | (£32,545) | (£59,312) | - | (£112,684) |
| Net movement in funds | - | (£20,226) | (£26,836) | (£71,564) | 1,212 | (£117,415) |
Analysis of net assets at the date of merger
| Net assets Represented by: Unrestricted funds Endowment Funds Total funds |
Manchester Relief in Need CIO Manchester Relief in Need Manchester Children's Relief in Need MDNIF LTRSS Combined Total |
|---|---|
| - 399,181 656,280 960,968 - 2,016,429 |
|
| - 42,880 7,786 36,286 - 86,951 - 356,301 648,494 924,683 - 1,929,478 |
|
| - 399,180 656,280 960,968 - 2,016,429 |
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Manchester Relief in Need
Notes to the Financial Statements for the Year Ended 30 September 2023
Note 15: Trustees remuneration and expenses
The trustees received no remuneration or expenses for the performance of their duties (2022: £Nil). No Trustee expenses have been incurred (2023 £Nil).
Note 16: Related party transactions
A total of eight grants, totalling £3,134, were awarded to individuals where the support worker was Ifeoma Ogbologu (a trustee).
One grant for £329 was awarded to an individual where the individual was known to Howard Bowden through the course of his employment, but he did not apply on behalf of the individual.
Note 17: Contingent Liabilities and Capital Commitments
There were no contingent liabilities or capital commitments at the balance sheet date.
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