Manchester Relief in Need CIO Trustees Annual Report & Accounts Register Charity Number 1197146
For the financial year ending 30 September 2024
Registered Charity Number: 1197146
Manchester Relief in Need CIO
Contents
| Contents | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees’ Annual Report | 2 |
| Independent Examiners’ Report to the Trustees of Manchester Relief in Need 6 | |
| Statement of Financial Activities for the year ended 30 September 2024 | 7 |
| Balance Sheet as at 30 September 2024 | 8 |
| Notes to the accounts | 9 |
Manchester Relief in Need CIO
Legal and Administrative Information
Trustees: Anna Addison (Chair) Chair from 27 January 2024 Shirley Adams Lawrence Bettany Appointed 26 January 2024 Spencer Howard Bowden David King Appointed 22 March 2024 Janet O’Connor Ifeoma Ogbologu Sharman Birtles (Chair) Resigned 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 Charity number 225116 Suffering
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. Potential Trustees are then invited to an interview with two Trustees. Following this they are invited to observe up to three trustee meetings before being formally appointed.
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:
-
select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent.
-
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
2
Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Objectives and Activities for the Public Benefit
The objects of the Trust are wide, as defined in the constitution and are for:
-
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.
-
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
The Trustees are pleased to report significant achievements and progress during the year.
The charity has been highly successful in distributing funds this year, achieving the highest distribution of funds for a number of years. This accomplishment reflects the charity’s ongoing commitment to providing timely and impactful support to those in need.
Individual Grants
A focused promotional effort resulted in the Charity reaching a broader audience, both individuals and organisations. This successful initiative not only enhanced the charity's visibility but also laid the groundwork for increased engagement and potential future applications. During the year 278 individual grants applications were received with 236 grants being awarded to individuals totalling £47,546 (2023: 149 grants totalling £41,505).
Group Grants
The year saw an increase in the range of grant applications received. Trustees undertook a more rigorous review process, ensuring that the funds were distributed thoughtfully and aligned with the Charity’s mission to maximise the benefit to our communities. During the year 35 group grant applications were received with 14 receiving funding totalling £27,720 (2023: 7 grants awarded totalling £25,168). Further information can be found on page 14.
Leadership Changes
The Trustees acknowledge the departure of two valued contributors during the year. Sharman Birtles, Chair of Manchester Relief in Need, stepped down mid-year. Her leadership and dedication have left a lasting impact. Additionally, Julie Denby left just prior to the 2023/24 financial year, after serving for several years overseeing the charity’s finances.
3
The Trustees express their deep gratitude to both Sharman and Julie for their immense contribution to the charity’s work.
New Appointments
We welcomed two new trustees, Lawrence Bettany and David King, whose expertise and enthusiasm are already contributing to the charity’s governance and strategic direction.
Governance and Policy Development
During the year, we enhanced our governance framework by introducing a formal Risk Register and streamlining existing policies. These measures strengthen the charity’s ability to operate efficiently and respond effectively to challenges.
The charity remains committed to delivering its mission of supporting vulnerable individuals and communities in need.
Future Plans
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. This information will be used to inform future Trustee recruitment.
Financial Review
For the year ending 30 September 2024 the total funds of the charity were £2,302,238 (2023: £2,098,733) with income of £121,222 (£117,109) and expenditure of £125,003 (2023: £113,565).
At the end of the financial year the total funds of the charity were £2,302,238 (2023: £2,098,733), which consisted of £86,714 unrestricted funds (2023: £90,495) and £2,215,524 (2023: £2,008,238) 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.
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 £2,044,335 (2023: £1,896,557) held in investments.
During the year we have received £63,722 as investment income (2023: £59,309) with an investment gain of £207,286 (2023: £78,760)
4
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 £2,302,238 (2023: £2,098,733). This consisted of £86,714 unrestricted funds (2023: £90,495) and £2,215,524 (2023: £2,008,238) endowment funds.
Anna Addison Chair
5
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 2024, which are set out on pages 7 to 21.
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:
-
examine the accounts under section 145 of the 2011 Act;
-
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
-
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:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
a) to keep accounting records in accordance with section 130 of the 2011 Act; and
-
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
28/02/25
6
Statement of Financial Activities for the year ended 30 September 2024
| Notes | Unrestricted funds |
Endowment Funds |
Total funds 30 September 2024 |
Unrestricted funds |
Endowment Funds |
Total funds 30 September 2023 |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Income and endowments from: | ||||||
| Donations and legacies | 57,500 | - |
57,500 | 57,500 | - |
57,500 |
| Investment income | - | 63,722 | 63,722 |
- | 59,309 | 59,309 |
| Other income | - | - | - | 300 | - |
300 |
| Total | 57,500 | 63,722 |
121,222 |
57,800 | 59,309 |
117,109 |
| Expenditure on: | ||||||
| Raising funds 3 |
- | 22,142 | 22,142 |
- | 22,887 | 22,887 |
| Charitable activities 4 |
102,861 | - |
102,861 | 90,678 | - |
90,678 |
| Total | 102,861 | 22,142 |
125,003 |
90,678 | 22,887 |
113,565 |
| Net income/(expenditure) | (45,361) | 41,580 | (3,781) |
(32,878) | 36,422 | 3,544 |
| Netgains/(losses)on investments 7 |
- | 207,286 | 207,286 |
- | 78,760 | 78,760 |
| Net movement in funds before transfers | (45,361) | 248,866 | 203,505 | (32,878) | 115,182 | 82,304 |
| Transfer between funds | 41,580 | (41,580) |
- | 36,422 | (36,422) |
- |
| Net movement in funds | (3,781) | 207,286 | 203,505 |
3,544 | 78,760 |
82,304 |
| Reconciliation of funds: | ||||||
| Total funds brought forward | 90,495 | 2,008,238 |
2,098,733 |
86,951 | 1,929,478 |
2,016,429 |
| Total funds carried forward | 86,714 | 2,215,524 |
2,302,238 |
90,495 | 2,008,238 |
2,098,733 |
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 10 to 21 form an integral part of the financial statements.
7
Balance Sheet as at 30 September 2024
| Balance Sheet as at 30 September 2024 | |
|---|---|
| Notes Total funds 30 September 2024 |
Total funds 30 September 2023 |
| £ | £ |
| Fixed assets | |
| Investments 7 2,044,335 |
1,896,557 |
| Total fixed assets 2,044,335 |
1,896,557 |
| Current assets | |
| Debtors 8 8,257 |
6,374 |
| Cash at bank and in hand 9 272,345 |
235,284 |
| Total current assets 280,602 |
241,658 |
| Creditors: amounts falling due within one year 10 22,699 |
39,482 |
| Net current assets/(liabilities) 257,903 |
202,176 |
| Total net assets / (liabilities) 2,302,238 |
2,098,733 |
| Funds of the Charity | |
| Endowment Fund funds 11 2,215,524 |
2,008,238 |
| Unrestricted funds 11 86,714 |
90,495 |
| Total funds 2,302,238 |
2,098,733 |
The notes on pages 10 to 21 form an integral part of the financial statements.
The financial statements on pages 8 to 21 were approved by the Board on 28 February 2025 and were signed on its behalf by:
Anna Addison, Chair of Trustees
8
Notes to the accounts
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 reliably.
All expenditure is shown inclusive of VAT.
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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. 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 probably 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 settlement 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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Note 2: Analysis of income
| Note 2: Analysis of income | |||
|---|---|---|---|
| 30-Sep-24 | |||
| Unrestricted | Endowment | ||
| Funds | Funds | Total funds | |
| £ | £ | £ | |
| Donations from organisations | 57,500 | - |
57,500 |
| Investment income | - | 63,722 | 63,722 |
| 57,500 | 63,722 |
121,222 |
|
| Prior year comparison |
| Prior year comparison | |||
|---|---|---|---|
| 30-Sep-23 | |||
| Unrestricted Funds |
Endowment Funds |
Total funds |
|
| £ | £ | £ | |
| Donations from organisations | 57,500 | - |
57,500 |
| Investment income | - | 59,309 |
59,309 |
| Other income | 300 | - |
300 |
| 57,800 | 59,309 |
117,109 |
Note 3: Expenditure on raising funds
| Note 3: Expenditure on raising funds | |
|---|---|
| 30-Sep-24 | |
| Unrestricted Funds Endowment Funds Total funds |
|
| £ £ £ |
|
| Investment manager fees | - 22,142 22,142 |
| - 22,142 22,142 |
|
| Prior year comparison | |
| 30-Sep-23 | |
| Unrestricted Funds Endowment Funds Total funds |
|
| £ £ £ |
|
| Investment manager fees | - 22,886 22,886 |
| - 22,886 22,886 |
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Note 4: Analysis of expenditure
| Note 4: Analysis of expenditure | |||
|---|---|---|---|
| 30-Sep-24 | |||
| Charitable Activities |
Support & Governance Cost |
Total funds | |
| £ | £ | £ | |
| Expenditure on charitable activities | |||
| Individual Grants | 47,546 | 25,424 |
72,970 |
| Group Grants | 27,720 | 2,171 | 29,891 |
| 75,266 | 27,595 |
102,861 |
|
| Prior year comparison | |||
| 30-Sep-23 | |||
| Charitable Activities |
Support & Governance Cost |
Total funds | |
| £ | £ | £ | |
| Expenditure on charitable activities | |||
| Individual Grants | 41,505 | 22,747 |
64,252 |
| Group Grants | 25,168 | 1,258 | 26,426 |
| 66,673 | 24,005 |
90,678 |
236 grants were awarded to individuals in the year ending 30 September 2024 (2023: 149).
14 group grants were awarded in the year ending 30 September 2024 (2023: 7).
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Note 4: Analysis of expenditure (continued)
Group Grants
| 30-Sep-24 | 30-Sep-23 | ||||||
|---|---|---|---|---|---|---|---|
| Organisation | £ | £ | |||||
| Barlow Moor Community | - | 2,250 | |||||
| Booth Centre | - | 5,000 | |||||
| Christian Restoration Manchester | 4,510 | - | |||||
| Contact | - | 5,000 | |||||
| Depaul UK | 3,000 | 3,000 | |||||
| Dimobi | 5,000 | - | |||||
| Greater Manchester Long Covid | 600 | - | |||||
| Humans MCR | 5,000 | - | |||||
| The Manchester Foyer | 2,800 | 3,000 | |||||
| North Manchester Community Partnership | 3,680 | - | |||||
| Perry's Pantry | 4,000 | - | |||||
| TLC St Luke's | 2,600 | 4,420 | |||||
| Visit from the Stork | 3,470 | - | |||||
| Walking with the Wounded | - | 2,500 | |||||
| Westcroft Community Centre | 1,560 | - | |||||
| Wood Street Mission | 1,000 | - | |||||
| Release of Gaddum accruals made at March 2018 | (9,500) | (2) | |||||
| 27,720 | 25,168 |
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Note 5: Allocation of governance and other support costs
The total support costs and overheads attributable to charitable activity is apportioned as shown below:
| Individual grants |
Group grant | Total allocated |
Basis of allocation | ||
|---|---|---|---|---|---|
| £ | £ | £ | |||
| Trust administration | 22,174 | 1,726 |
23,900 |
Staff time |
|
| Website | 208 | 208 |
416 |
Equal split |
|
| 22,382 | 1,934 |
24,316 |
|||
| Governance Costs | 30-Sep-24 | 30-Sep-23 | |||
| £ | £ | ||||
| Trustee Indemnity Insurance | - | 558 | |||
| Independent Examination | 2,100 | 1,350 |
|||
| Legal Fees | - | 420 | |||
| Trustee Training | 60 | - |
|||
| Room hire for Trustee meetings | 980 | 814 |
|||
| Other governance costs (inc. expenses) |
139 | - |
|||
| 3,279 | 3,142 |
The total governance cost attributable to charitable activities is then apportioned in the same ratio as the other support costs:
| The total governance cost attributable to support costs: |
charitable activities is then apportioned in the same ratio as the other | |
|---|---|---|
| Allocation of governance costs | ||
| 30-Sep-24 30-Sep-23 |
||
| £ £ |
||
| Individual grants | 3,042 3,001 |
|
| Group grants | 237 141 |
|
| 3,279 3,142 |
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Note 6: Details of certain items of expenditure
| 30-Sep-24 | 30-Sep-24 | 30-Sep-23 | ||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Independent examiner’s fees | 2,100 | 1,350 | ||||
| 2,100 | 1,350 | |||||
| £ 1,896,557 54,894 (116,024) 208,908 2,044,335 |
||||||
| Note 7: Investments | ||||||
| Market value at 30 September 2023 | ||||||
| Additions to investments at cost | ||||||
| Disposals at carrying value | ||||||
| Net gain on revaluation | ||||||
| Market value at 30 September 2024 |
| Market value 30 Sept 2024 |
Market value 30 Sept 2023 |
|||||||
|---|---|---|---|---|---|---|---|---|
| Cost at 30 | ||||||||
| Sept 2024 | ||||||||
| Listed investments | £ | £ | £ | |||||
| United Kingdom quoted investments | 1,859,988 | 2,044,335 | 1,896,557 |
Note 8: Debtors
| 30-Sep-24 | 30-Sep-23 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Accrued Income | 7,872 | 6,309 | |||
| Prepayments | 385 | 65 | |||
| Total | 8,257 | 6,374 |
15
Note 9: Cash at bank and in hand
| Note 9: Cash at bank and in hand | ||||||
|---|---|---|---|---|---|---|
| 30-Sep-24 | 30-Sep-23 | |||||
| £ | £ | |||||
| Cash at bank and on hand | 135,793 | 136,878 | ||||
| Cash on deposit with investment manager | 136,552 | 98,405 | ||||
| Total | 272,345 | 235,283 | ||||
| Note 10: Creditors & Accruals | ||||||
| Analysis of creditors: falling due within one year | ||||||
| 30-Sep-24 | 30-Sep-23 | |||||
£ |
£ |
|||||
| Trade creditors | 1,775 | 1,576 | ||||
| Accruals | 20,924 | 37,906 | ||||
| Total | 22,699 | 39,482 |
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Note 11: Charity funds
| Note 11: Charity funds | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 October 2023 |
Income | Expenditure | Investment gains/(losses) |
Transfer between funds |
Balance at 30 September 2024 |
|
| £ | £ | £ | £ | |||
| Endowment Funds | ||||||
| Manchester Relief in Need | 373,890 | 10,754 |
(4,086) |
35,132 | (6,668) |
409,022 |
| Manchester Children's Relief in Need | 672,243 | 21,868 |
(7,325) |
71,390 | (14,543) |
743,633 |
| Manchester District Nursing Institution | 962,105 | 31,100 |
(10,731) |
100,764 | (20,369) |
1,062,869 |
| Total Endowment Funds | 2,008,238 | 63,722 |
(22,142) |
207,286 | (41,580) |
2,215,524 |
| Unrestricted Funds | ||||||
| General | ||||||
| Manchester Relief in Need | 36,766 | 57,500 |
(70,353) |
- | 6,668 |
30,581 |
| Manchester Children's Relief in Need | 12,116 | - |
(13,761) |
- | 14,543 |
12,898 |
| Manchester District Nursing Institution | 39,199 | - |
(17,208) |
- | 20,369 |
42,360 |
| Levenshulme Trust for Sickness and Suffering | 2,413 | - |
(1,538) | - | - | 875 |
| Total Unrestricted Funds | 90,494 | 57,500 |
(102,860) |
- | 41,580 | 86,714 |
| Total Funds | 2,098,732 | 121,222 |
(125,002) |
207,286 | - | 2,302,238 |
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Note 11: Charity funds (continued)
| Prior year comparison | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at 1 October 2022 |
Income | Expenditure | Investment gains/(losses) |
Transfer between funds |
Balance at 30 September 2023 |
||||||||
| £ | £ | £ | £ | ||||||||||
| Endowment Funds | |||||||||||||
| Manchester Relief in Need | 356,300 | 10,985 | (3,908) | 17,590 | (7,077) | 373,890 | |||||||
| Manchester Children's Relief in Need | 648,494 | 19,595 | (7,727) | 23,749 | (11,868) | 672,243 | |||||||
| Manchester District Nursing Institution | 924,684 | 28,729 | (11,251) | 37,420 | (17,477) | 962,105 | |||||||
| Total Endowment Funds | 1,929,478 | 59,309 | (22,886) | 78,759 | (36,422) | 2,008,238 | |||||||
| Unrestricted Funds | |||||||||||||
| Manchester Relief in Need | 42,879 | 57,600 | (70,790) | - | 7,077 | 36,766 | |||||||
| Manchester Children's Relief in Need | 7,786 | 100 | (7,638) | - | 11,868 | 12,116 | |||||||
| Manchester District Nursing Institution | 30,875 | 100 | (9,253) | - | 17,477 | 39,199 | |||||||
| Levenshulme Trust for Sickness and Suffering | 5,411 | 0 | (2,998) | - | - | 2,413 | |||||||
| Total Unrestricted Funds | 86,951 | 57,800 | (90,679) | - | 36,422 | 90,494 | |||||||
| Total Funds | 2,016,429 | 117,109 | (113,565) | 78,759 | 0 | 2,098,732 |
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Note 12: Analysis of Net Assets between Funds
| Note 12: Analysis of Net Assets between Funds | |
|---|---|
| Unrestricted funds Endowment Funds Total Funds 30 September 2024 |
|
| £ £ £ |
|
| Fund balances at 30 September 2024 are represented by: |
|
| Investments | - 2,044,335 2,044,335 |
| Current assets | 67,833 212,769 280,602 |
| Current liabilities | (22,699) - (22,699) |
| Transfer between funds | 41,580 (41,580) - |
| 86,714 2,215,524 2,302,238 |
|
| Prior Year Comparative | |
| Unrestricted funds Endowment Funds Total Funds 30 September 2023 |
|
| £ £ £ |
|
| Fund balances at 30 September 2023 are represented by: |
|
| Investments | - 1,896,557 1,896,557 |
| Current assets | 93,554 148,103 241,657 |
| Current liabilities | (39,482) - (39,482) |
| Transfer between funds | 36,422 (36,422) - |
| 90,494 2,008,238 2,098,732 |
Note 13 : Trustees remuneration and expenses
The trustees received no remuneration for the performance of their duties (2023: £nil).
Trustee expenses of £122 have been incurred by two trustees for the reimbursement of travel costs and for a leaving gift for the former Chair (2023:£nil).
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Note 14: Related party transactions
A total of two grants, totalling £800, were awarded to individuals where the support worker was Ifeoma Ogbologu (a trustee). In 2023 eight grants were awarded totalling £3,134.
Note 15: Contingent Liabilities and Capital Commitments
There were no contingent liabilities or capital commitments at the balance sheet date.
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