**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** 3. 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. Page 11 **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. Page 12 **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_| |---|---|---|---| ||||| Page 13 **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. Page 14 **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. Page 15 **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). Page 16 **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_| |---|---|---| Page 17 **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_| Page 18 ## **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**| Page 19 **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_| |---|---|---|---|---|---| Page 20 **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_| Page 21 **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. Page 22