2023-03-31-accounts

Charity number: 294691

The Manna Society

Unaudited

Management committee's report and financial statements

for the year ended 31 March 2023

DRAFT

The Manna Society

Contents

	Page
Reference and administrative details of the charity, its trustees and advisers	1
Management committee's report	2 - 4
Independent examiner's report	5 - 6
Statement of financial activities	7
Balance sheet	8
Statement of cash flows	9
Notes to the financial statements	10 - 21

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The Manna Society

Reference and administrative details of the charity, its trustees and advisers for the year ended 31 March 2023

Management committee

Bill Dodwell, Treasurer Nannette Ffrench Tony Charlton Cha Power, Chair David Mendez Alexandra Weightman-Harton (resigned 6 September 2022) Donna Miller (appointed 8 November 2022) Kendra Schneller (appointed 21 September 2022)

Charity registered number

294691

Principal office

12 Melior Street London SE1 3QP

Accountants

Kreston Reeves LLP Chartered Accountants 2nd Floor 168 Shoreditch High Street London E1 6RA

Bankers

The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT

Page 1

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The Manna Society

Management committee's report for the year ended 31 March 2023

The Management committee present their annual report together with the financial statements for the year ended 31 March 2023. The Management committee confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019).

Objectives and Activities

⚫ Policies and objectives

The principal object of the charity is to provide relief to poor persons who are homeless and/or unemployed by the provision of food, advice and other forms of Christian care with the object of promoting the physical, mental and spiritual welfare of such persons and of improving their conditions of life.

In setting objectives and planning for activities, the Management committee have given due consideration to general guidance published by the Charity Commission relating to public benefit and in particular to its supplementary public benefit guidance on the prevention or relief of poverty.

⚫ Activities for achieving objectives

The Manna Day Centre is operated to provide a range of practical services for those in need. These services include breakfast and lunch, showers, clothing, housing and welfare advice, medical services and access to computers.

Structure, governance and management

⚫ Constitution

The constitution was adopted on 30 May 1986.

There have been no changes in the objectives since the last annual report.

⚫ Method of appointment or election of Management committee

The management of the charity is the responsibility of the Management committee who are elected and co-opted under the terms of the Trust deed.

⚫ Policies adopted for the induction and training of Management committee

We invite people with the relevant skills and with an interest in the aims of the Society to join the Management committee.

⚫ Organisational structure and decision making

The Trustees make all necessary decisions at their bi-monthly meetings. The day to day running of the charity is conducted by the director, Bandi Mbubi, and his team.

⚫ Risk management

The Management committee have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks.

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The Manna Society

Management committee's report (continued) for the year ended 31 March 2023

Achievements and performance

⚫ Review of activities

During the year the charity has appealed to churches, schools, individuals, businesses and trusts for donations towards necessary monthly expenses and to cover additional costs involved in maintaining the leasehold buildings.

The charity has received legacies of £107,399 (2022: £116,268) during the year.

The charity continues to provide support for all homeless and/or unemployed persons regardless of age, sex or religion. The Management Committee adopted a policy in relation to the 'Black Lives Matter' issue in March 2021.

The Centre welcomes around 120 - 150 people every day, more than half of them homeless. It is open seven days a week and serves around 700 meals every week. As well as providing hot food and a place to rest during the day, the Centre also offers showers, clothing, access to medical care and advice on housing and welfare. The charity also offers individuals help with deposits for housing rentals.

Summary of Services:

As outlined in the 2021 report, we adapted our services in the light of the Covid pandemic.

We returned to our pre-Covid open-door policy with no restriction on numbers from 28th December 2021. We are open 7 days a week and provide food, shower & washing facilities, housing & welfare advice, medical care, access to computers and clothing. There is no charge for any of our services.

⚫ Key financial performance indicators

We aim to have enough resources to cover a minimum of 6 months overheads, which mainly consists of salaries and property costs.

⚫ Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

⚫ Investment policy and performance

The charity's reserves are kept in low risk, high interest-bearing bank accounts.

Financial review

⚫ Principal risks and uncertainties

The main risk is due to the uncertainty in budgeting for ongoing funding as we are dependent on voluntary contributions, as the charity has been for the 38 years it has been in existence.

⚫ Reserves policy

The Trustees aim to maintain the level of reserves at a level equivalent to not less than six months of normal expenditure. This would amount to approximately £250,000, with the balance to be spent on charitable activities over the coming years.

The total funds held as at the year end were £550,043 (2022: £589,234), of which £27,849 (2022: £28,650) were restricted funds.

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The Manna Society

Management committee's report (continued) for the year ended 31 March 2023

⚫ Future developments

The Trustees have budgeted for a deficit in 2023-24 due to an expected decrease in funding. The current level of reserves and expected income ensure there are no going concern issues.

This report was approved by the Management committee on 5 September 2023 and signed on their behalf by:

Cha Power, Chair

Bill Dodwell, Treasurer

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The Manna Society

Independent examiner's report for the year ended 31 March 2023

Independent examiner's report to the Management committee of The Manna Society (the 'charity')

I report to the charity Management committee on my examination of the accounts of the charity for the year ended 31 March 2023.

This report is made solely to the charity's Management committee, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Management committee 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 Management committee as a body, for my work or for this report.

Responsibilities and basis of report

As the Management committee of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

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The Manna Society

Independent examiner's report (continued) for the year ended 31 March 2023

1. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 18 September 2023

Lucy Hammond BSc FCA

Kreston Reeves LLP

Chartered Accountants

2nd Floor 168 Shoreditch High Street London E1 6RA

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The Manna Society

Statement of financial activities for the year ended 31 March 2023

Note Income from: Donations and legacies 2 Investments 3 Total income Expenditure on: Raising funds 5 Charitable activities 8 Total expenditure 4 Net income / (expenditure) before transfers Transfers between Funds 17 Net income / (expenditure) before other recognised gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Restricted funds 2023 £ 62,000 -	Unrestricted funds 2023 £ 439,600 3,409	Total funds 2023 £ 501,600 3,409	Total funds 2022 £ 659,862 1,555
	62,000	443,009	505,009	661,417
	- 62,801	6,582 474,817	6,582 537,618	6,268 463,490
	62,801	481,399	544,200	469,758
	(801) (4,511)	(38,390) 4,511	(39,191) -	191,659 -
	(5,312) (5,312) 28,650	(33,879) (33,879) 560,584	(39,191) (39,191) 589,234	191,659 191,659 397,575
	23,338	526,705	550,043	589,234

The notes on pages 10 to 21 form part of these financial statements.

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The Manna Society

Balance sheet as at 31 March 2023

Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors:amounts falling due within one year 13 Net current assets Net assets Charity Funds Restricted funds 17 Unrestricted funds 17 Total funds	£ 75,001 478,198	2023 £ £ 13,067 22,411 569,085 591,496 (15,479) 536,976 550,043 23,338 526,705 550,043	2022 £ 13,217 576,017
	553,199 (16,223)
			589,234
			28,650 560,584
			589,234

The financial statements were approved by the Management committee on and signed on their behalf, by:

5 September 2023

Bill Dodwell, Treasurer

The notes on pages 10 to 21 form part of these financial statements.

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The Manna Society

Statement of cash flows for the year ended 31 March 2023

Note Cash flows from operating activities Net cash (used in)/provided by operating activities 14 Cash flows from investing activities: Dividends, interest and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the year Cash and cash equivalents brought forward Cash and cash equivalents carried forward 15	2023 £ (82,016)	2022 £ 230,960
	3,409 - (12,280)	1,555 16,000 (4,136)
	(8,871)	13,419
	(90,887) 569,085	244,379 324,706
	478,198	569,085

The notes on pages 10 to 21 form part of these financial statements.

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The Manna Society constitutes a public benefit entity as defined by FRS 102.

1.2 Judgements in applying accounting policies and key sources of estimation uncertainty

Depreciation is charged all on fixed assets at a rate to write off the cost of the fixed asset over its expected useful life, reflecting the expected pattern of benefit consumption. The useful life of all fixed assets has been set at four years. No residual values have been determined for any fixed asset.

Donated assets have been included within donations and legacies at the value the Trustees believe would be the cost incurred to buy the equivalent assets in an arms length transaction between knowledgeable and willing parties.

1.3 Going concern

The financial statements have been based on the expectation of the Charity continuing as a going concern for the next 12 months. The Trustees believe that there are no uncertainties regarding the accounts being prepared on a going concern basis.

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

1. Accounting policies (continued)

1.4 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Management committee's report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

1. Accounting policies (continued)

1.6 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Management committee in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.7 Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles	-	25% straight line
Fixtures & fittings	-	25% - 50% straight line
Computer equipment	-	25% straight line

1.8 Operating leases

Rentals under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

1.9 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

1. Accounting policies (continued)

1.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.13 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.14 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2. Income from donations and legacies

Donations Legacies Grants Total donations and legacies Total 2022	Restricted funds 2023 £ 7,000 - 55,000	Unrestricted funds 2023 £ 332,201 107,399 -	Total funds 2023 £ 339,201 107,399 55,000	Total funds 2022 £ 488,594 116,268 55,000
	62,000	439,600	501,600	659,862
	55,000	604,862	659,862

3. Investment income

Bank interest Total 2022	Restricted funds 2023 £ -	Unrestricted funds 2023 £ 3,409	Total funds 2023 £ 3,409	Total funds 2022 £ 1,555
	-	1,555	1,555

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

4. Analysis of Expenditure by expenditure type

Staff costs Depreciation 2023 £ 2023 £ Costs of raising funds: Expenditure on raising voluntary income 6,582 - Subtotal costs of raising funds 6,582 - Charitable activities: Cost of running the centre 344,271 6,159 Expenditure on governance - - 350,853 6,159 Total 2022 338,484 8,036 Expenditure on raising voluntary income Restricted funds 2023 £ Wages and salaries - Pension cost - Other expenditure on raising voluntary income - - Total 2022 -	Staff costs 2023 £ 6,582	Depreciation 2023 £ -	Other costs 2023 £ -	Total 2023 £ 6,582	Total 2022 £ 6,268
	6,582 344,271 -	- 6,159 -	- 182,575 4,613	6,582 533,005 4,613	6,268 460,461 3,029
	350,853	6,159	187,188	544,200	469,758
	338,484	8,036	123,238	469,758	Total funds 2022 £ 5,009
			Unrestricted funds 2023 £ 5,237	Total funds 2023 £ 5,237
		- -	5,237 1,345	5,237 1,345	5,009 1,259
		-	6,582	6,582	6,268
		-	6,268	6,268

5. Expenditure on raising voluntary income

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

6. Direct costs

Premises Food Volunteers Travel Utilities Computer expenses Donations Wages and salaries National insurance Pension cost Total 2022	Cost of running the centre £ 56,920 44,774 4,660 958 14,397 5,037 2,099 285,527 21,639 3,898	Total 2023 £ 56,920 44,774 4,660 958 14,397 5,037 2,099 285,527 21,639 3,898	Total 2022 £ 40,161 44,154 928 636 13,987 2,204 3,000 276,985 20,380 2,806
	439,909	439,909	405,241
	405,241	405,241

Included within direct costs is expenditure from restricted funds of £62,801 (2022: £60,327).

7. Support costs

Recruitment costs Telephone Printing, post and stationery Bank charges Sundry expenses Repairs (Profit)/loss on disposal of fixed assets Wages and salaries National insurance Pension cost Depreciation Total 2022	Cost of running the centre £ 420 820 25 89 8,228 37,877 6,271 29,523 1,985 1,699 6,159	Total 2023 £ 420 820 25 89 8,228 37,877 6,271 29,523 1,985 1,699 6,159	Total 2022 £ - 1,262 39 - 7,696 14,424 (8,282) 28,631 1,789 1,625 8,036
	93,096	93,096	55,220
	55,220	55,220

All expenditure on support costs in 2023 and 2022 was from unrestricted funds.

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

8. Governance costs

Independent examiner's fee Legal fees	Restricted funds 2023 £ - -	Unrestricted funds 2023 £ 2,898 1,715	Total funds 2023 £ 2,898 1,715	Total funds 2022 £ 2,800 229
	-	4,613	4,613	3,029

9. Net income/(expenditure)

This is stated after charging:

Depreciation of tangible fixed assets: - owned by the charity Independent examiner's fee	2023 £ 6,159 2,898	2022 £ 8,036 2,800

During the year, no Management committee received any remuneration (2022 - £NIL). During the year, no Management committee received any benefits in kind (2022 - £NIL). During the year, no Management committee received any reimbursement of expenses (2022 - £NIL).

10. Staff costs

Staff costs were as follows:

Wages and salaries National insurance Pension costs	2023 £ 320,287 24,120 6,446	2022 £ 311,072 22,169 5,243
	350,853	338,484

The average number of persons employed by the charity during the year was as follows:

Day Centre Housing & Welfare Advice Management & Admin	No. 6 3 2 11	No. 7 3 2 12

No employee received remuneration amounting to more than £60,000 in either year.

During the year, key management personnel received remuneration of £39,789 (2022: £38,313). During the year, no key management received any reimbursement of expenses (2022: £nil).

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

11. Tangible fixed assets

Cost At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year On disposals At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 12. Debtors Due after more than one year Other debtors Due within one year Other debtors Prepayments and accrued income 13. Creditors: Amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income	Fixtures & fittings £ 67,104 1,200 (7,893)	Fixtures & fittings £ 67,104 1,200 (7,893)	Computer equipment £ 26,456 11,080 (4,218)	Computer equipment £ 26,456 11,080 (4,218)	Total £ 93,560 12,280 (12,111)
		60,411	33,318		93,729
		62,577 684 (4,901)	17,766 5,475 (939)		80,343 6,159 (5,840)
		58,360	22,302		80,662
		2,051	11,016		13,067
		4,527	8,690		13,217
			2023 £ 6,000 55,150 13,851		2022 £ 6,000 400 16,011
			75,001		22,411
			2023 £ 6,846 1,525 7,852		2022 £ 6,125 1,412 7,942
			16,223		15,479

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

14. Reconciliation of net movement in funds to net cash flow from operating activities

Net (expenditure)/income for the year (as per Statement of Financial Activities) Adjustment for: Depreciation charges Dividends, interest and rents from investments Loss/(profit) on the sale of fixed assets (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash (used in)/provided by operating activities 15. Analysis of cash and cash equivalents Cash in hand Total 16. Analysis of changes in net debt	2023 £ (39,191) 6,159 (3,409) 6,271 (52,590) 744	2022 £ 191,659 8,036 (1,555) (8,282) 42,336 (1,234) 230,960 2022 £ 569,085 569,085
	(82,016)
	2023 £ 478,198
	478,198

At 1 April 2022 £ Cash flows £ At Cash at bank and in hand 570,085 (90,887)	31 March 2023 £ 479,198

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

17. Statement of funds

Statement of funds - current year

Designated funds Assisting people in need Accommodation General funds General fund Total Unrestricted funds Restricted funds Accommodation Housing advice Assisting people in need Building projects Total of funds	Balance at 1 April 2022 £ - -	Income £ - -	Expenditure £ - -	Transfers in/(out) £ 1,690 2,821	Balance at 31 March 2023 £ 1,690 2,821 4,511 522,194 526,705 20,670 - 2,668 - 23,338 550,043
	-	-	**- **	4,511
	560,584	443,009	(481,399)	-
	560,584	443,009	(481,399)	4,511
	25,961 - 2,689 -	- 55,000 2,000 5,000	(1,470) (55,000) (1,331) (5,000)	(3,821) - (690) -
	28,650	62,000	(62,801)	(4,511)
	589,234	505,009	(544,200)	-

The bulk of these restricted funds are from the London Borough of Southwark to support part of the costs of our housing & welfare advice service. The remainder of the funds are for accommodation costs or for those with No Resource to Public Funds.

Statement of funds - prior year

General fund Restricted funds Accommodation Housing advice Assisting people in need Washing machine	Balance at 1 April 2021 £ 371,598	Income £ 598,417	Expenditure £ (409,431)	Balance at 31 March 2022 £ 560,584 25,961 - 2,689 - 28,650
	14,442 - 11,366 169	7,000 55,000 1,000 -	4,519 (55,000) (9,677) (169)
	25,977	63,000	(60,327)

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The Manna Society

Notes to the financial statements for the year ended 31 March 2023

Summary of funds - current year

Designated funds General funds Restricted funds	Balance at 1 April 2022 £ - 560,584	Income £ - 443,009	Expenditur e £ - (481,399)	Transfers in/(out) £ 4,511 -	Balance at 31 March 2023 £ 4,511 522,194
	560,584 28,650	443,009 62,000	(481,399) (62,801)	4,511 (4,511)	526,705 23,338
	589,234	505,009	(544,200)	-	550,043

Summary of funds - prior year

General funds Restricted funds	Balance at 1 April 2021 £ 371,598 25,977	Income £ 598,417 63,000	Expenditure £ (409,431) (60,327)	Balance at 31 March 2022 £ 560,584 28,650
	397,575	661,417	(469,758)	589,234

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets Debtors due after more than 1 year Current assets Creditors due within one year	Restricted funds 2023 £ - - 23,338 -	Unrestricted funds 2023 £ 13,067 6,000 523,861 (16,223)	Total funds 2023 £ 13,067 6,000 547,199 (16,223) 550,043
	23,338	526,705

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Notes to the financial statements for the year ended 31 March 2023

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets Debtors due after more than 1 year Current assets Creditors due within one year	Restricted funds 2022 £ - - 28,650 -	Unrestricted funds 2022 £ 13,217 6,000 556,846 (15,479) 560,584	Total funds 2022 £ 13,217 6,000 585,496 (15,479)
	28,650		589,234

19. Pension commitments

The Charity operates two defined contribution scheme one of which is the new workplace pension. The assets of both schemes are held separately from those of the charity in independently administered funds. The pension charge represents contributions payable by the charity to the funds and amounted to £6,446 (2022 - £6,462). There was a £1,525 contribution payable at the balance sheet date (2022: £1,325)

20. Operating lease commitments

At 31 March 2023 the total of the Charity’s future minimum lease payments under non-cancellable operating leases was:

Amounts payable: Within 1 year Between 1 and 5 years Total	2023 £ 20,000 70,000	2022 £ 20,000 90,000
	90,000	110,000

21. Related party transactions

During the year, Trustees made donations to the charity without conditions totalling £720 (2022: £nil).

There are no other related party transactions requiring disclosure.

22. Controlling party

The Management committee are the controlling party of the Charity.

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