IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037833602023-03-31037833602024-03-31037833602023-04-012024-03-31037833602022-03-31037833602022-04-012023-03-31037833602023-03-3103783360ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3103783360ns15:PoundSterling2023-04-012024-03-3103783360ns11:FRS1022023-04-012024-03-3103783360ns11:IndependentExaminationCharity2023-04-012024-03-3103783360ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103783360ns11:FullAccounts2023-04-012024-03-3103783360ns11:CharitiesSORP2023-04-012024-03-3103783360ns0:Trustee22023-04-012024-03-3103783360ns0:Trustee32023-04-012024-03-3103783360ns0:Trustee42023-04-012024-03-3103783360ns0:Trustee52023-04-012024-03-3103783360ns0:Trustee62023-04-012024-03-3103783360ns0:Trustee12023-04-012024-03-3103783360ns11:RegisteredOffice2023-04-012024-03-3103783360ns0:TotalUnrestrictedFunds2023-04-012024-03-3103783360ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3103783360ns0:Activity82023-04-012024-03-3103783360ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-3103783360ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3103783360ns0:Activity82022-04-012023-03-3103783360ns0:TotalUnrestrictedFunds2023-03-3103783360ns0:TotalRestrictedIncomeFunds2023-03-3103783360ns0:TotalUnrestrictedFunds2024-03-3103783360ns0:TotalRestrictedIncomeFunds2024-03-3103783360ns10:WithinOneYear2024-03-3103783360ns10:WithinOneYear2023-03-3103783360ns10:PlantMachinery2023-04-012024-03-3103783360ns10:FurnitureFittingsToolsEquipment2023-04-012024-03-310378336022023-04-012024-03-310378336012023-04-012024-03-310378336012022-04-012023-03-3103783360ns10:PlantMachinery2023-03-3103783360ns10:FurnitureFittings2023-03-3103783360ns10:ComputerEquipment2023-03-3103783360ns10:PlantMachinery2024-03-3103783360ns10:FurnitureFittings2024-03-3103783360ns10:ComputerEquipment2024-03-3103783360ns10:PlantMachinery2023-03-3103783360ns10:FurnitureFittings2023-03-3103783360ns10:ComputerEquipment2023-03-31
REGISTERED COMPANY NUMBER: 03783360 (England and Wales)
REGISTERED CHARITY NUMBER: 1080256














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Reference and administrative details 1

Report of the trustees 2 to 6

Independent examiner's report 7

Statement of financial activities 8

Statement of financial position 9

Notes to the financial statements 10 to 15

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31ST MARCH 2024



TRUSTEES Mr Quyen Banh
Mrs Tuyet Thanh Luong
Mr Kiet My Ly
Mr Quan Minh Duc Nguyen
Mr Chu Nguyen
Mr Jack Yan Ji Shieh


COMPANY SECRETARY Mrs Bich Thi Nguyen


REGISTERED OFFICE Old Poplar Library-Unit 3
45 Gillender Street
London
E14 6RN


REGISTERED COMPANY
NUMBER
03783360 (England and Wales)


REGISTERED CHARITY
NUMBER
1080256


INDEPENDENT EXAMINER Leroy Reid & Co
Chartered Certified Accountants
and Statutory Auditors
299 Northborough Road
Norbury
London
SW16 4TR

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON (REGISTERED NUMBER: 03783360)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's object and principal activity continues to be:

1. To promote any charitable purpose for the benefit of those who live and/or work in the Vietnamese Community in East London who are in need, hardship or distress,

2. To provide services that will improve the quality of life of the Vietnamese community.

3. To assist th community to integrate into the local community and to contribute to the common goods.

4. To advance learning in the community and to interact with communities in the United Kingdom with a view to promote and preserve traditional Vietnamese Culture.


COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON (REGISTERED NUMBER: 03783360)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024

ACHIEVEMENT AND PERFORMANCE
Charitable activities
This year, we have continued to support and uplift our community through a variety of essential projects and services. Our core programs, including the Elderly Luncheon Club, Advice Service, and Homecare Service, are designed to foster connection, well-being, and empowerment.

Key Highlights of 2023-2024

- 60+ members actively participating in our Elderly Luncheon Club.
- 100 members supported weekly through our Advice Service.
- 8 individuals receiving personalized Homecare, with 60 hours of support delivered each week.

Launch of new workshops focused on dementia and Alzheimer's awareness.

Our Projects and Services

1. Elderly Luncheon Club

The Elderly Luncheon Club, supported by £25,000 annually from Tower Hamlets Council (November 2023-March 2026), is the cornerstone of our community engagement. Operating every Monday and Friday from 9:00 a.m. to 3:30 p.m. at the Dockland Settlement Centre in Isle of Dogs, the club welcomes an average of 40 attendees per session.

Members enjoy a variety of engaging and inclusive activities that promote social connection, physical health, and lifelong learning, including:

- Tai Chi exercises
- Table tennis and indoor games
- Ballroom dancing
- Cooking classes
- IT literacy classes
- Yoga sessions
- Seasonal walking exercises
- Summer outing trips
- Monthly dementia and Alzheimer's activities
- Health information workshops
- Lunar New Year celebrations

These activities not only enhance physical and mental well-being but also inspire a sense of belonging and purpose.

"The Luncheon Club is more than a place to meet; it's where I've found friends and rediscovered my love for dancing."-Luncheon Club member

2. Advice Service

Funded by Tower Hamlets Council with £20,000 annually (November 2023-March 2026), our Advice Service operates five days a week to provide critical support for 100 members aged 55 and above.
The drop-in center opens every Friday to accommodate immediate needs.
Appointments are available from Monday to Thursday for personalized guidance.

Key offerings include:

- IT classes to enhance digital literacy and access
- Benefits workshops to help members understand entitlements and resources

By addressing practical challenges, the Advice Service empowers members to make informed decisions and improve their quality of life.

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON (REGISTERED NUMBER: 03783360)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024

"Thanks to the advice sessions, I now feel more confident navigating online resources and claiming the benefits I'm entitled to."-Advice Service user

3. Homecare Service

Our Homecare Service provides essential, tailored support to 8 individuals, delivering an average of 60 hours of care per week. This service helps our members maintain their independence and well-being in the comfort of their own homes.
From personal care to household assistance, the Homecare Service ensures that every individual receives the care they need to thrive.

4. Impact and Future Goals

Through these initiatives, we have witnessed the transformative power of community support. By combining social, practical, and emotional resources, we aim to ensure that our members feel valued, connected, and empowered.
As we move forward, we remain committed to:

- Expanding our membership to reach more individuals in need.
- Introducing new activities to reflect the evolving needs of our community.
- Strengthening partnerships with funders and organizations to sustain and grow our programs.

We continue to collaborate with key partners such as Tower Hamlets Dementia and Alzheimer's Service, Island Advice Centre, Age UK, Toynbee Hall, Tower Hamlets Carers Centre, Greenwich Vietnamese Women's Group, Refuge, and others to maximize our impact.

5. Acknowledgements

We extend our deepest gratitude to Tower Hamlets Council for their generous support, which makes our Elderly Luncheon Club and Advice Service possible. We are also immensely thankful for the dedication and passion of our staff, volunteers, and trustees.

Together, we will continue building a thriving, inclusive, and supportive community for Vietnamese elders in East London.

FINANCIAL REVIEW
Financial position
The trustees are satisfied with the performance of the charity for the year under review. The charity reported a deficit of £22,380 (2023 - £16,039) and reserves of £170,834 (2023 - £193,214).

Principal funding sources
We extend our deepest gratitude to Tower Hamlets Council for their generous support, which makes our Elderly Luncheon Club and Advice Service possible

Reserves policy
The charity follows the guidance laid down by the Charity Commission as we seek to maintain adequate levels of reserves to meet the charity's needs if so required. The reserves held as at the year end was £170,834 (2023 - £193,214).

Going concern
The trustees are of the opinion that with the reserves held at the year end the charity would be able to deliver adequate services for the next 12 months and that the financial statements should be prepared on a going concern basis.

FUTURE PLANS
The charity will strive to indentify new partners within the local authority and other private grant making institution who supportive of the objectives of the charity and are perepared to provide financial support..


COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON (REGISTERED NUMBER: 03783360)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure
The organisation is a charitable company limited by guarantee, incorporated on 7 June 1999 and registered as a charity on 10 April 2000. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

In the event the company being wound up members are required to contribute an amount not exceeding £1.

Induction and training of new trustees
Most trustees are already familiar with the practical work of the charity. Additionally, new trustees are invited and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates.

These are jointly led by the Chair of the Management Committee of the charity and cover:

-The obligation of the Management Committee members.

-
The main documents which set out the operational framework for the charity including the Memorandum and
Articles.
-Resourcing and the current financial position as set out in the latest published accounts.
-Future plans and objectives.

The charity is organised so that the trustees meet regularly to manage its affairs. There are two full time administrators, who are responsible for the day to day administration of the charity and organising fundraising activities. The remaining staff are employed at the centre and also assist with fundraising as appropriate. We are also grateful to volunteer from various sources who assist with the elderly.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Community of Refugees From Vietnam - East London for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 29th November 2024 and signed on its behalf by:



COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON (REGISTERED NUMBER: 03783360)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024




Mr Jack Yan Ji Shieh - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

Independent examiner's report to the trustees of Community of Refugees From Vietnam - East London ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Ebenezer Okai, Bsc, FCCA

Leroy Reid & Co
Chartered Certified Accountants
and Statutory Auditors
299 Northborough Road
Norbury
London
SW16 4TR

2nd December 2024

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 17,656 - 17,656 30,620

Charitable activities 4
Charitable activities - 104,432 104,432 75,696

Investment income 3 975 - 975 232
Total 18,631 104,432 123,063 106,548

EXPENDITURE ON
Raising funds 5 6,084 - 6,084 6,065

Charitable activities 6
Charitable activities 34,927 104,432 139,359 116,522
Total 41,011 104,432 145,443 122,587

NET INCOME/(EXPENDITURE) (22,380 ) - (22,380 ) (16,039 )


RECONCILIATION OF FUNDS
Total funds brought forward 193,214 - 193,214 209,253

TOTAL FUNDS CARRIED FORWARD 170,834 - 170,834 193,214

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON (REGISTERED NUMBER: 03783360)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 10 3 3

CURRENT ASSETS
Cash at bank and in hand 173,269 196,009

CREDITORS
Amounts falling due within one year 11 (2,438 ) (2,798 )

NET CURRENT ASSETS 170,831 193,211

TOTAL ASSETS LESS CURRENT
LIABILITIES

170,834

193,214

NET ASSETS 170,834 193,214
FUNDS 13
Unrestricted funds 170,834 193,214
TOTAL FUNDS 170,834 193,214

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 29th November 2024 and were signed on its behalf by:





Mr Jack Yan Ji Shieh - Trustee

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

TAXATION
The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 1,100 250
Income from Meals 12,796 13,962
Other Incomes 3,760 16,408
17,656 30,620

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 975 232

4. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Charitable Total
activities activities
£    £   
LB Tower Hamlet Contracts - Local
Community Fund

17,491

32,728

LB of Tower Hamlets - Older People Project
contract

86,941

36,018

LB of Tower Hamlets - Covid grant - 6,950
104,432 75,696


5. RAISING FUNDS

RAISING DONATIONS AND LEGACIES
2024 2023
£    £   
Food and supplies 6,084 6,065


COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
£   
Charitable activities 139,359

7. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Staff costs 95,339 75,264
Insurance 4,404 4,363
Travel 2,127 1,450
Telephone, postage, printing and stationery 361 121
Volunteers 7,130 2,663
Premises cost 19,022 21,954
Xmas,new year and moon festival 8,582 7,771
Examiner's fee 1,981 1,425
Legal and professional 32 1,415
Bank charges 381 96
139,359 116,522

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.


9. STAFF COSTS
2024 2023
£    £   
Wages and salaries 93,884 74,684
Other pension costs 1,455 580
95,339 75,264

The average monthly number of employees during the year was as follows:

2024 2023
Direct charitable work part time 11 7
Direct charitable work full time 2 2
13 9

No employees received emoluments in excess of £60,000.

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 and 31st March 2024 10,119 5,769 9,708 25,596
DEPRECIATION
At 1st April 2023 and 31st March 2024 10,118 5,768 9,707 25,593
NET BOOK VALUE
At 31st March 2024 1 1 1 3
At 31st March 2023 1 1 1 3

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 457 122
Other creditors - 875
Accrued expenses 1,981 1,801
2,438 2,798

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Fixed assets 3 - 3 3
Current assets 173,269 - 173,269 196,009
Current liabilities (2,438 ) - (2,438 ) (2,798 )
170,834 - 170,834 193,214

13. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 193,214 (22,380 ) 170,834

TOTAL FUNDS 193,214 (22,380 ) 170,834

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 18,631 (41,011 ) (22,380 )

Restricted funds
Restricted fund 104,432 (104,432 ) -

TOTAL FUNDS 123,063 (145,443 ) (22,380 )


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 209,253 (16,039 ) 193,214

TOTAL FUNDS 209,253 (16,039 ) 193,214

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 73,820 (89,859 ) (16,039 )

Restricted funds
Restricted fund 32,728 (32,728 ) -

TOTAL FUNDS 106,548 (122,587 ) (16,039 )

COMMUNITY OF REFUGEES FROM VIETNAM
- EAST LONDON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 209,253 (38,419 ) 170,834

TOTAL FUNDS 209,253 (38,419 ) 170,834

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 92,451 (130,870 ) (38,419 )

Restricted funds
Restricted fund 137,160 (137,160 ) -

TOTAL FUNDS 229,611 (268,030 ) (38,419 )

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.

15. DESIGNATED FUNDS

The trustees of the charity have decided to designate £60,000 of the charity's unrestricted funds to cover the unintended cost for any redundancy that may arise from the impact of the pandemic.