2024-03-31-accounts

Charity number: 294691

The Manna Society

Unaudited

Management committee's report and financial statements

for the year ended 31 March 2024

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 - 22

The Manna Society

Reference and administrative details of the charity, its trustees and advisers for the year ended 31 March 2024

Management committee

Bill Dodwell, Treasurer Nannette Ffrench, Founder Tony Charlton (resigned 5 September 2023) Cha Power, Chair David Mendez (resigned 5 September 2023) Donna Miller Kendra Schneller Silke Junge-Woodward (appointed 20 September 2023)

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

The Manna Society

Management committee's report for the year ended 31 March 2024

The Management committee present their annual report together with the financial statements for the year ended 31 March 2024. 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 coopted 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.

Page 2

The Manna Society

Management committee's report (continued) for the year ended 31 March 2024

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 £4,596 (2023: £107,399) 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 people every day, more than half of them homeless. It is open seven days a week and serves around 840 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:

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 42 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 £375,471 (2023: £550,043), of which £20,015 (2023: £23,338) were restricted funds and £3,831 (2023: £4,511) were designated funds.

 Future developments

The Trustees have budgeted for a deficit in 2024-25 due to an expected decrease in funding. The current level

Page 3

The Manna Soclety Management Committee's report {continu•d) for the year •nd•d 31 March 2024 of reseryes and e>J)ected inc(The ensure there aro no going ￿Cern ￿ues. This report was approved tythe Management c¢ynmrttee. on 10109124 and signed on their behaw by.. tvli Cha Power. Chalr Bill Dodwell. Treasur8r Page 4

The Manna Society

Independent examiner's report for the year ended 31 March 2024

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 2024.

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

Page 5

The Manna Society

Independent examiner's report (continued) for the year ended 31 March 2024

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: 26 September 2024 Lucy Hammond BSc FCA

Kreston Reeves LLP

Chartered Accountants

2nd Floor 168 Shoreditch High Street London E1 6RA

Page 6

The Manna Society

Statement of financial activities for the year ended 31 March 2024

Note Income from: Donations and legacies 2 Investments 3 Total income Expenditure on: Raising funds 5 Charitable activities 8 Total expenditure 4 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Restricted funds Unrestricted funds 2024 £ 2024 £ 66,540 333,926 - 9,259 66,540 343,185 - 7,162 69,863 507,272 69,863 514,434 (3,323) (171,249) 23,338 526,705 20,015 355,456	Total funds 2024 £ 400,466 9,259 409,725 7,162 577,135 584,297 (174,572) 550,043 375,471	Total funds 2023 £ 501,600 3,409 505,009 6,582 537,618 544,200 (39,191) 589,234 550,043

The notes on pages 10 to 22 form part of these financial statements.

Page 7

The Manna Socloty Balance sheet as at 31 March 2024 2024 2023 Flxed assets Tangible assets Investment$ 14.707 13,067 12 14.707 93,067 Currènt assets Debtors Investments Cash at bank and in hand 13 31.251 165.000 213.079 7&LXIt 84, 787 313,411 14 473. 199 CYedltor&: amounts falling due within one year 1S 148,5661 (16.223) Net current assets 360,764 456,976 Net ass•ts 375.471 ,043 Charlty FuTrd$ Restrided funds Unrestricted furKIs 20 20,015 23,338 526, 705 20 Total lund$ 375,471 550,043 The financial statemnls were apwoved by the Managen￿rt c(￿mIttee on Iheir behalf. by= '.fvP-, and signed on Ji 8111 Dodwell, Treasurer The notes on pages 10 to 22 fonyt part of these financial ststemwts. Page 8

The Manna Society

Statement of cash flows for the year ended 31 March 2024

Note Cash flows from operating activities Net cash used in operating activities 17 Cash flows from investing activities: Interest from investments Purchase of tangible fixed assets Purchase of investments Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents brought forward Cash and cash equivalents carried forward 18	2024 £ (98,979) 9,259 (10,399) (213) (1,353) (100,332) 313,411 213,079	2023 £ (82,016) 3,409 (12,280) (164,787) (173,658) (255,674) 569,085 313,411

The notes on pages 10 to 22 form part of these financial statements.

Page 9

The Manna Society

Notes to the financial statements for the year ended 31 March 2024

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.

Page 10

The Manna Society

Notes to the financial statements for the year ended 31 March 2024

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 2024

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:

• Fixtures & fittings 25% - 50% straight line - Computer equipment 25% straight line

1.8 Investments

Investments are stated at market value at the balance sheet date. The Statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.

1.9 Operating leases

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

1.10 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 or Building Society.

1.11 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.

1.12 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 2024

1. Accounting policies (continued)

1.13 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.

1.14 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.

1.15 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 2023	Restricted funds Unrestricted funds 2024 £ 2024 £ 8,140 329,330 - 4,596 58,400 - 66,540 333,926 62,000 439,600	Total funds 2024 £ 337,470 4,596 58,400 400,466 501,600	Total funds 2023 £ 339,201 107,399 55,000
			501,600

3. Investment income

Bank or building society interest Total 2023	Restricted funds Unrestricted funds 2024 £ 2024 £ - 9,259 - 3,409	Total funds 2024 £ 9,259 3,409	Total funds 2023 £ 3,409

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

4. Analysis of Expenditure by expenditure type

Costs of raising funds: Expenditure on raising voluntary income Subtotal costs of raising funds Charitable activities: Cost of running the centre Expenditure on governance Total 2023	Staff costs Depreciation Other costs 2024 £ 2024 £ 2024 £ 7,162 - - 7,162 - - 376,454 8,759 188,742 - - 3,180 383,616 8,759 191,922 350,853 6,159 187,188	Total 2024 £ 7,162 7,162 573,955 3,180 584,297 544,200	Total 2023 £ 6,582
			6,582 533,005 4,613
			544,200

5. Expenditure on raising voluntary income

Wages and salaries National insurance Pension cost	Restricted funds Unrestricted funds 2024 £ 2024 £ - 5,714 - 538 - 910 - 7,162	Total funds 2024 £ 5,714 538 910 7,162	Total funds 2023 £ 6,582 - -
			6,582

All expenditure on raising voluntary income in 2024 was from unrestricted funds.

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

6. Direct costs

Cost of running the centre £ Premises 61,567 Food 41,712 Volunteers 5,697 Travel 615 Utilities 45,248 Computer expenses 2,727 Donations - Clothing 3,397 Wages and salaries 306,340 National insurance 24,462 Pension cost 8,779 500,544 Total 2023 439,909	Total 2024 £ 61,567 41,712 5,697 615 45,248 2,727 - 3,397 306,340 24,462 8,779 500,544 439,909	Total 2023 £ 56,920 44,774 4,660 958 14,397 5,037 2,099 - 285,527 21,639 3,898 439,909

Included within direct costs is expenditure from restricted funds of £69,863 (2023: £62,801).

7. Support costs

Cost of running the centre £ Recruitment costs - Telephone 1,159 Printing, post and stationery 27 Bank charges 636 Sundry expenses 6,921 Repairs 19,036 (Profit)/loss on disposal of fixed assets - Wages and salaries 33,357 National insurance 2,150 Pension cost 1,366 Depreciation 8,759 73,411 Total 2023 93,096	Total 2024 £ - 1,159 27 636 6,921 19,036 - 33,357 2,150 1,366 8,759 73,411 93,096	Total 2023 £ 420 820 25 89 8,228 37,877 6,271 29,523 1,985 1,699 6,159 93,096

All expenditure on support costs in 2024 and 2023 was from unrestricted funds.

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

8. Governance costs

Independent examiner's fee Legal fees	Restricted funds Unrestricted funds 2024 £ 2024 £ - 3,180 - - - 3,180	Total funds 2024 £ 3,180 - 3,180	Total funds 2023 £ 2,898 1,715
			4,613

9. Net income/(expenditure)

This is stated after charging:

	2024	2023
	£	£
Depreciation of tangible fixed assets:
- owned by the charity	8,759	6,159
Independent examiner's fee	3,180	2,898

During the year, no Management committee received any remuneration (2023 - £NIL). During the year, no Management committee received any benefits in kind (2023 - £NIL). During the year, no Management committee received any reimbursement of expenses (2023 - £NIL).

10. Staff costs

Staff costs were as follows:

Wages and salaries National insurance Pension costs	2024 £ 345,411 27,150 11,055 383,616	2023 £ 320,287 24,120 6,446
		350,853

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. 6 3 2
		11

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

During the year, key management personnel received remuneration of £44,035 (2022: £39,789). During the year, no key management received any reimbursement of expenses (2023: £nil).

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

11. Tangible fixed assets

Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 12. Fixed asset investments	Fixtures & fittings £ 60,411 10,399 70,810 58,360 3,284 61,644 9,166 2,051	Computer equipment £ 33,318 - 33,318 22,302 5,475 27,777 5,541 11,016	Total £ 93,729 10,399
			104,128
			80,662 8,759
			89,421
			14,707
			13,067

Fixed asset investments
	Unlisted
	securities
	£
Market value
At 1 April 2023	80,000
Transferred to current asset investments	(80,000)
At 31 March 2024	-
Historical cost	80,000
Fixed Asset Investments are long term deposits with a maturity date greater than one year after the
balance sheet date. The 2023 figure has been restated, as this balance was incorrectly included within
the cash balance in the accounts.

13. Debtors Due after more than one year Other debtors Due within one year Other debtors Prepayments and accrued income	2024 £ - 11,384 19,867 31,251	2023 £ 6,000 55,150 13,851 75,001

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

14. Current asset investments

	2024	2023
	£	£
Deposits with a maturity date of less than one year	165,000	84,787

The 2023 figure has been restated, as the balance was incorrectly included within cash in the accounts.

15. Creditors: Amounts falling due within one year

Other taxation and social security Other creditors Accruals and deferred income	2024 £ 7,644 2,121 38,801 48,566	2023 £ 6,846 1,525 7,852
		16,223

16. Prior year reclassifcation of assets

The 2023 comparative figures have been adjusted to reclassify investments held in deposit accounts with maturity dates over 3 months from the balance sheet date, from cash to fixed and current asset investments. This adjustment has no impact on the reported funds of the charity at 31 December 2023.

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

Net expenditure for the year (as per Statement of Financial Activities) Adjustment for: Depreciation charges Dividends, interest and rents from investments Loss on the sale of fixed assets Decrease/(increase) in debtors Increase in creditors Net cash used in operating activities	2024 £ (174,572) 8,759 (9,259) - 43,750 32,343 (98,979)	2023 £ (39,191 6,159 (3,409 6,271 (52,590 744
		(82,016

18. Analysis of cash and cash equivalents

Cash in hand Total	2024 £ 213,079 213,079	2023 £ 313,411
		313,411

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

19. Analysis of changes in net debt

	At 1 April	Cash flows	At 31 March
	2023	£	2024
	£		£
Cash at bank and in hand	313,411	(100,332)	213,079

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

20. Statement of funds

Statement of funds - current year

Balance at 1 April 2023 £ Designated funds Assisting people in need and accommodation 4,511 General funds General fund 522,194 Total Unrestricted funds 526,705 Restricted funds Accommodation 20,670 Housing advice - Assisting people in need 2,668 Archbishop’s Appeal Grant - The Inner London Magistrates Court Poor Box Fund - Total Restricted funds 23,338 Total of funds 550,043	Income Expenditure £ £ - (680) 343,185 (513,754) 343,185 (514,434) - (2,764) 58,400 (58,400) 140 (699) 3,000 (3,000) 5,000 (5,000) 66,540 (69,863) 409,725 (584,297)	Balance at 31 March 2024 £ 3,831 351,625 355,456 17,906 - 2,109 - - 20,015 375,471

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

Assisting people in need and accommodation General fund Restricted funds Accommodation Housing advice Assisting people in need Building projects Total restricted funds	Balance at 1 April 2022 £ - 560,584 25,961 - 2,689 - 28,650	Income £ - 443,009 - 55,000 2,000 5,000 62,000	Expenditure £ - (481,399) (1,470) (55,000) (1,331) (5,000) (62,801)	Transfers in/(out) £ 4,511 - (3,821) - (690) - (4,511)	Balance at 31 March 2023 £ 4,511 522,194 20,670 - 2,668 - 23,338

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

21. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets Current assets Creditors due within one year Analysis of net assets between funds - prior year Tangible fixed assets Fixed asset investments Debtors due after more than 1 year Current assets Creditors due within one year		Restricted funds Unrestricted funds 2024 £ 2024 £ - 14,707 20,015 389,315 - (48,566) 20,015 355,456 Restricted funds Unrestricted funds 2023 £ 2023 £ - 13,067 - - - 6,000 23,338 523,861 - (16,223) 23,338 526,705	Total funds 2024 £ 14,707 409,330 (48,566) 375,471 Total funds 2023 £ 13,067 80,000 6,000 467,199 (16,223) 550,043

22. 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 £11,055 (2023 - £6,446). There was a £2,121 contribution payable at the balance sheet date (2023: £1,525)

23. Operating lease commitments

At 31 March 2024 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	2024 £ 20,000 50,000 70,000	2023 £ 20,000 70,000
		90,000

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The Manna Society

Notes to the financial statements for the year ended 31 March 2024

24. Related party transactions

During the year, Trustees made donations to the charity without conditions totalling £720 (2023: £720).

There are no other related party transactions requiring disclosure.

25. Controlling party

The Management committee are the controlling party of the Charity.

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