## **GM Ethiopian Community Association Trustees’ Annual Report & Financial Statements** 

# **Reporting Period: 1 July 2024 – 30 June 2025** 

## **Reference & Administrative Details** 

|Item|Details|
|---|---|
|**Charity Name**|GM Ethiopian Community Association|
|**Charity Registration**<br>**Number**|1203515|
|**Legal Structure**|Charitable Incorporated Organisation (CIO)|
|**Reporting Period**|1 July 2024 – 30 June 2025|
|**Registered Address**|Flat 34, Landos Court, Gunson Street,<br>Manchester, M1 1WR|
|**Bankers**|Metro Bank|



## **Trustees (Elected 8 December 2024)** 

|**Role**|**Name**|
|---|---|
|Chair|**Luelseged Mogos**|
|Treasurer|**Genet Travis**|
|Secretary|**Masresha Wondmu**|
|Trustee|**Christian Asmamw**|
|Trustee|**Aklil Tesfaye**|





## **Structure, Governance & Management** 

|**Area**|**Summary**|
|---|---|
|**Governing Structure**|The organisation operates as a Charitable Incorporated<br>Organisation (CIO).|
|**Board Transition**|A new board of trustees was elected on 8 December<br>2024 to support organisational development and<br>governance continuity.|
|**Operational Model**|Trustees currently oversee project coordination under a<br>temporary Transition Operational Model while the<br>organisation strengthens its operational capacity.|
|**Confict of Interest**|All trustee involvement is managed under established<br>Confict of Interest procedures and governance<br>safeguards.|
|**Constitutional**<br>**Review**|The trustees are progressing a constitutional amendment<br>proposal to extend trustee terms and strengthen long-<br>term leadership continuity and impact delivery.|





## **Objectives & Key Activities** 

|**Strategic Objective**|**Key Activities Delivered During**<br>**2024/25**|
|---|---|
|**Social Inclusion & Community**<br>**Support**|Promoted social inclusion and support for<br>refugees, asylum seekers, and Ethiopian<br>community members across Greater<br>Manchester.|
|**Organizational Capacity**<br>**Building**|Engaged with MACC and partner<br>organisations to strengthen governance,<br>operational planning, and sustainability.|
|**Strategic Development**|Developed a 3-Year Strategic Plan to guide<br>future growth, partnerships, and community<br>impact.|
|**Digital Infrastructure**|Launched the organisation’s ofcial website<br>and strengthened digital communication<br>systems.|
|**Community Research &**<br>**Engagement**|Conducted community needs assessments<br>to identify priority services, barriers, and<br>future programme opportunities.|





## **Financial Review & Detailed Reconciliation** 

The following tables provide a granular breakdown of all transactions across the legacy account (managed by former trustees) and the current Metro Bank account. This ensures a transparent audit trail of every pound managed during the transition. 

## **Schedule A: Incoming Resources (1 July 2024 - 30 June 2025)** 

|**Month/Date**|**Description**|**Account**||**Amount**<br>**(£)**|
|---|---|---|---|---|
|**July - Dec 2024**|Membership<br>Subscriptions (£5 x<br>50)|Legacy||250.00|
|**Jan - Feb 2025**|Membership<br>Subscriptions (£5 x<br>14 and 1 x £35)|Legacy||105.00|
|**March - June**<br>**2025**|Membership<br>Subscriptions (£5 x<br>27)|Legacy<br>and (- £125.00<br>(Transfer) from<br>Legacy)||135.00|
|**18 June 2025**|Community<br>Transfer|(Metro Bank<br>+125.00)|||
|**Total New**<br>**Income**||||**£490.00**|



## **Reconciliation Note** 

The £125.00 transfer recorded on 18 June 2025 represents an internal transfer of existing organizational funds from the legacy account into the new Metro Bank account and is therefore not treated as additional income. 



## **Schedule B: Resources Expended (1 July 2024 - 30 June 2025)** 

|**Month/**<br>**Date**|**Description**|**Category**||**Amount (£)**|
|---|---|---|---|---|
|**July - Dec**<br>**2024**|Community Support<br>Activities<br>GMCVO Rent|Charitable||490.00|
|**Jan - Feb**<br>**2025**|Former trustee<br>Governance|Professional Fee<br>(MH Account Ltd)||250.00|
|**Feb-May**<br>**2025**|Legacy Migration<br>Adjustments|||10.00|
|**12 June**<br>**2025**|Website Subscription|Infrastructure||122.40|
|**Total**<br>**Expenses**||||**£872.40**|



## **Statement of Financial Position Summary (Comparative)** 

|**Financial Category**|**FY 2023/24**|**FY 2024/25**|
|---|---|---|
|**Funds Brought**<br>**Forward (1 July)**|£6,881|£7,449|
|**Total Income**|£1,418|£490|
|**Total Expenditure**|£ (850)|£ (872.40)|





**Total Funds Carried Forward (30 June)** 

£7,449 

**£7,066.60** 

## **Governance & Strategy Notes** 

Transition Note: The organization transitioned to a new board on 8 December 2024. All legacy membership fees have been reconciled with the assistance of the former Treasurer to ensure continuity. 

|**Operational Continuity**|Trustees maintained operational<br>oversight throughout the transition<br>period to ensure continuity of<br>community services and<br>organisational administration.||
|---|---|---|



## **Plans for Future Periods** 

|**Priority Area**|**Planned Action**|
|---|---|
|**Organizational Development**|Transition toward professional stafng<br>structures, including the future recruitment<br>of a Chief Executive Ofcer (CEO).|
|**Governance Strengthening**|Finalize and implement constitutional<br>amendments to support longer trustee<br>terms and leadership continuity.|
|**Service Expansion**|Scale and develop services in response to<br>fndings from the 2025 Community Needs<br>Assessment.|





|**Community Impact**|Strengthen partnerships, funding<br>opportunities, and culturally responsive<br>community programmes across Greater<br>Manchester.|
|---|---|



## **Trustees’ Declaration** 

The trustees confirm that they have approved the Trustees’ Annual Report and Financial Statements for the reporting period ending 30 June 2025. 

**Approved By Signature** 


Luelseged Mogos 

**Date 05/05/2026 Chair of Trustees**