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|CONTENTS||PAGES|
|---|---|---|
|Trustees Annual<br>Report||3-22|
|Independent<br>Auditors|Report|23-25|
|Statement of Financial|Affairs|26|
|Balance Sheet||27|
|Cashflow Statement||28|
|Notes forming<br>part of|the Financial Statement|29-36|





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|1.Chair and Trustees' statement.|||||
|---|---|---|---|---|
|2. Introduction<br>from our CEO|||||
|3.Name, registered<br>office and constitution|||||
|4.About Real . .|||||
|4.1 Mission and Values.|||||
|5. Public benefit that is provided|by the charity.||||
|5.1.Accessible Communications|for|All.|||
|5.2. It's Our Turn (Loneliness<br>and Disability).|||||
|5.3.Covid 19Disability Access|Project (CDAP)||||
|5.4.Embedding<br>Disability Access Pilot.|||||
|5.5.Engaging<br>Disabled People|.||||
|5.6.Strengthening<br>Voices, Realising||Rights: Fair Care London||(SVRR FCL)....|
|5.7.Then and Now—Disabled|People||in the Workplace .||
|5.8.Advocacy. .|||||
|5.8.1.Tower Hamlets Connect|||||
|5.8.2.CATCH Hate Crime Advocacy|||.||
|5.8.3.Taking Control ofYour Life||(TCOYL)..|||
|6. Plans for future periods.|||||
|7.Significant events after the year-end|||||
|8.Administration,|||||
|8.1.Trustees.|||||
|8.2.Statutory<br>Auditors.|||||
|8.3.Bankers ..|||||





|9.Structure,<br>governance|and management.|and management.||....17|
|---|---|---|---|---|
|9.1.Remuneration.||||....18|
|10.Risks||||....18|
|10.1.Approach to risk|management|||....18|
|10.2.Risk analysis<br>.||||...,18|
|10.3.Wider economic|environment|.....||....20|
|11.Financial<br>information|.|||....20|
|11.1.Share capital<br>..||||....20|
|11.2.Financial<br>review||||....20|
|11.3.Financial<br>reserves|policy ..|||....21|
|11.4.Statement<br>as to disclosure of||information|to auditors.|....21|
|11.5.Directors and Trustees'<br>responsibilities||||....21|
|11.6.Methods ofpreparation<br>ofaccounts .||||....22|





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|Name|Position|||||
|---|---|---|---|---|---|
|Gren Bingham|Chair|Appointed|Chair 24/05/23|||
|Henry Stone|Vice-Chair|||||
|Alan Drew|Audit/Finance|Appointed|24/05/23|||
|Owais Niaz||||||
|David Burbidge||Appointed|01/09/23|||
|Yusuf Can Zeyrek||Appointed|24/05/23|Resigned|01/09/23|
|John Sharp||Resigned|16/05/22|||
|Mahendra<br>Rastogi||Term ended 24/05/23||||
|Martha Stafford||Term ended 24/05/23||||





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|RISK||iMPACT|PROB|ACTION|RESIDUAL|
|---|---|---|---|---|---|
||||||RiSK|
|FINANCES-<br>Risk ofnot||HIGH|HIGH|Timely progress<br>in several ofthe business<br>development<br>areas can be evidenced,<br>with|MEDIUM-HIGH|
|achieving||||several<br>new grant and contract||
|diversified<br>business<br>(see 6)|model|||opportunities<br>in the near term pipeline.<br>Business development<br>and going concern<br>modelling<br>are place. The Board, CEO and||
|||||senior managers<br>are currently<br>assessing||
|||||progress<br>on a monthly<br>basis. Very||
|||||conservative<br>projections for 2024/25||
|||||indicate positive contribution<br>to reserves.||
|||||However, as with any change<br>in business||
|||||model, this needs to be monitored<br>closely||
|||||until bedded<br>in, when risk will be mitigated.||





|RISK||IMPACT|PROB|ACTION|RESIDUAL|
|---|---|---|---|---|---|
||||||RISK|
|GOVERNANCE:<br>Risk ofensuring||HIGH|MEDIUM|The Board have taken the following steps:<br>Creating<br>an audit/finance<br>committee to|MEDIUM-LOW|
|good||||enable detailed scrutiny offinance and nsk;||
|governance||||increased the frequency<br>of Board meetings,||
|over<br>organisation||||which are now hybrid; participating<br>in the<br>Refresh programme<br>to advance our||
|||||strategic planning;<br>reviewing<br>the financial,||
|||||fundraising<br>and risk reporting<br>mechanisms;||
|||||engaging<br>in active trustee recruitment||
|||||including<br>working<br>with Tower Hamlets||
|||||Volunteer<br>Centre promoting<br>diversity of||
|||||lived experience,<br>skills, and intersectional||
|||||identity; Succession planning.||
|OPERATIONS:<br>Risk associated||HIGH|MEDIUM|There are several delivery<br>programmes<br>where Real is a partner<br>in a consortium<br>lead|MEDIUM-LOW|
|with delays<br>partnership<br>work|in|||by another agency.<br>Real makes every effort<br>to mobilise<br>in a timely fashion, but<br>occasionally<br>delays amongst<br>the||
|programrnes||||partnership,<br>impacts on our work. There are||
|||||also occasions when public sector||
|||||partners,<br>with whom we are contracted to||
|||||work, impose delays. Real mitigates these||
|||||risks by ensuring<br>that this is documented||
|||||and where appropriate<br>reported to the||
|||||commissioner/grant<br>giver, and by keeping||
|||||to our own revised delivery schedule.||
|REPUTATION||HIGH|MEDIUM|Having a service delivery<br>role in Tower|MEDIUM-LOW|
|||||Hamlets as well as being a DPO||
|||||responsible<br>for voicing Disabled community||
|||||concerns<br>could be the source of||
|||||reputational<br>risk. This is mitigated<br>by a) by||
|||||engaging<br>with and managing<br>relations<br>with||
|||||senior officers and politicians,<br>and acting||
|||||professionally.<br>consistently.<br>transparently||
|||||and authentically<br>at alf times; b) broadening||
|||||our funding base and the reach ofour||
|||||influence<br>beyond Tower Hamlets; c)||
|||||presenting<br>and promoting<br>our ongoing<br>work||
|||||so that it has maximum<br>reach and impact;||
|||||d) Connecting<br>all our activity to the change||
|||||we want tosee in the world (Theory of||
|||||Change). By implementing<br>Refresh and the||
|||||revised business<br>model this risk will reduce.||
|WORKPLACE||HIGH|MEDIUM|There continues to be a search with the|MEDIUM-LOW|
||||-LOW|local authority<br>to find suitable accessible||
|||||ground floor accommodation.<br>In the||
|||||meantime<br>PEEPs and mitigations<br>are in||
|||||place<br>in our current first tloor office space.||
|||||We have been told that the space we||
|||||currently<br>use will at some stage be required||
|||||for other purposes<br>by LBTH, and have now||
|||||made direct representations<br>to the Mayor's||
|||||Office to expedite their assistance.||





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|||FOR|THE YEAR ENDE|D 31 MARCH|2023|||
|---|---|---|---|---|---|---|---|
||||Notes|Unrestricted|Restricted|Total|Total|
|||||Funds<br>f|Funds|2023f|2022f|
|Income||||||||
|Donations|and|legacies|2|21||21|59,297|
|Charitable|activities||3|307,995|294,644|602,639|524,868|
|Investments|||4|757||757|30|
|Other|||||||971|
|Total||||308,773|294,644|603,417|585,166|
|Expenditure||||||||
|Charitable|activities||5|341,643|322,758|664,401|575,046|
|Total||||341,643|322,758|664,401|575,046|
|Net income/(expenditure)|||9|(32,870)|(28,114)|(60,984)|10,120|
|Transfers between funds|||15|886|(886)|||
|Net movement||ln funds||(31,984)|(29,000)|(60,984)|10,120|
|Reconciliation||offunds||||||
|Total funds|brought forward||15|145,900|61,834|207,734|197,614|
|Total funds carried forward|||15|f113,916|f32,834|f146,750|f207,734|





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|||FOR THE|YEAR ENDED|31 MARCH|2023||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||F|
|Cash flows from operating||activities|||||
|Net movement<br>in funds<br>Ad)ustments<br>for.|||||(60,984)|10,120|
|Depreciation<br>Bank interest receivable<br>(Increase)/decrease<br>in debtors<br>Increase / (decrease)<br>in creditors||||12<br>4|8,116<br>(757)<br>(51,500)<br>211,005|9,764<br>(30)<br>58,712<br>(56,308)|
|Net cash provided<br>by/(used||in) operating|activities||105,880|22,258|
|Cash flows from investing||acthritles|||||
|Bank interest received|||||757|30|
|Purchase oftangible<br>Rxed assets||||12||(5,790)|
|Net cash provided<br>by/(used||In) Investing|activities||757|(5,760)|
|Increase in cash and cash||equivalents|||106,637|16,498|
|Cash and cash equivalents|brought forward||||189,651|173,153|
|Cash and cash equivalents||carried forward|||6296,288|6189,651|
||||||2023|2022|
|Analysis ofcash and cash||equivalents|||||
|Cash at bank and in hand|||||f296,288|6189,651|





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|DONATIONS|AND LEGACIES|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|Funds|2023|2022|
|||F|E|||
|Donations<br>Grants - ATW<br>Other grants||21||21|25<br>1,272<br>58,000|
||||FNil||E59,297|





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|||||||
|---|---|---|---|---|---|
|3.|INCOME FROM CHARITABLE ACTIVITIES|Unrestricted|Restricted|Total|Total|
||Grants and contracts|funds<br>6|funds|2023f|2022f|
||IAA Local Link<br>IAA Hate Crime<br>Advocacy THC<br>Engagement —Local Voices<br>Engagement<br>—Public Health<br>Engagement<br>—Loneliness<br>&Disability<br>Engagement<br>-EDAP<br>Engaging<br>Disabled People<br>Engagement<br>-Other<br>Engagement<br>-WTT|18,240<br>28,797<br>22,500<br>83,334<br>90,000<br>53,958||18,240<br>28,797<br>22,500<br>83,334<br>90,000<br>53,958|142,510<br>18,639<br>20,542<br>4,355<br>58,371<br>16,667<br>4,932|
||LCF-TCOYL<br>LCF-Then & Now<br>SVRR<br>Cornerstone<br>Inclusion<br>London<br>Cornerstone<br>Tower Hamlets|2,625<br>8,541|72,905<br>135,243<br>86,496|72,905<br>135,243<br>86,496<br>2,625<br>8,541|72,905<br>135,243<br>50,704|
|||6307,995||F602,639|f524,868|
||Of the 6524,868 recognised<br>in 2022, E266,016 <br>restricted funds.|related<br>to unrestricted<br>funds||and 8256,852 related<br>to||
|4.|INVESTMENT INCOME|Unrestricted|Restricted|Total|Total|
|||funds|funds|2023|2022|
||Sank interest|f757|ENII|f757|f30|
||All ofthe 630 recognised<br>in 2022 related to unrestricted<br>funds.|||||
|5.|EXPENDITURE ON CHARITABLE<br>ACTIVITIES|Direct<br>costs<br>6|Support<br>costs|Total<br>2023<br>f|Total<br>2022<br>6|
||IAA Local Link<br>IAA Hate Crime<br>Advocacy THC<br>Engagement —Local Voices<br>Engagement —Public Health<br>Engagement —Loneliness<br>&Disability<br>Engagement<br>-EDAP<br>Engaging<br>Disabled People<br>Engagement<br>-Other<br>LCF —TCOYL<br>Engagement —WTT<br>LCF —Then & Now<br>ATW<br>Core<br>SVRR<br>Cornerstone<br>Inclusion<br>London<br>Cornerstone<br>Tower Hamlets|10,788<br>35,713<br>17,304<br>75,083<br>65,493<br>40,307<br>50,868<br>98,780<br>71,750<br>2,597<br>7,141|5,431<br>5,917<br>7,074<br>17,752<br>9,974<br>34,097<br>54,010<br>40,231<br>13,253<br>226<br>612|16,219<br>35,713<br>23,221<br>82,157<br>83,245<br>50,281<br>84,965<br>152,790<br>40,231<br>85,003<br>2,823<br>7,753|123,055<br>19,507<br>21,691<br>9,867<br>59,676<br>11,733<br>4,623<br>64,074<br>2,913<br>133,094<br>1,272<br>72,230<br>51,311|
|||6475,824|6188,577|F664,401|f575,046|





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|FOR TH|FOR TH|E YEAR ENDED 31 MARCH 20<br>lcontd. ..|23||
|---|---|---|---|---|
|ANALYSIS OF DIRECT COSTS|||2023|2022|
||||F|6|
|Salaries and pension<br>Freelance and temporary<br>staff<br>Staff costs<br>External meetings<br>Membership<br>and subscriptions<br>Marketing<br>Project partner costs<br>Other project costs|||319,167<br>13,972<br>6,877<br>2,037<br>1,607<br>517<br>128,167<br>3,480|230,710<br>23,330<br>1,079<br>1,914<br>711<br>145,392<br>4,525|
||||F475,824|6407,661|
|ANALYSIS OF SUPPORT COSTS|||2023<br>f|2022<br>6|
|Salaries and pension<br>Freelance and temporary<br>staff<br>Staff costs<br>Volunteers<br>expenses<br>Membership<br>and subscriptions<br>External meetings<br>and events<br>ITsupport and maintenance<br>Insurance<br>Rent<br>Telephone<br>Ofgce expenses<br>HR advice<br>Depreciation<br>Bank charges<br>Health and safety<br>Governance<br>costs (see Note 8)|||108,120<br>25,018<br>18,263<br>10<br>423<br>214<br>8,982<br>1,860<br>8,000<br>2,068<br>123<br>2,542<br>8,116<br>100<br>311<br>4,427|115,527<br>5,197<br>1,584<br>6<br>918<br>150<br>14,564<br>1,791<br>8,000<br>2,325<br>397<br>2,545<br>9,766<br>96<br>152<br>4,367|
||||f188,577|6167,385|
|GOVERNANCE COSTS|||2023|2022|
|Trustees' expenses<br>(note 11)<br>Statutory Auditor's<br>remuneration<br>Filing costs|||479<br>3,900<br>48|479<br>3,840<br>48|
||||f4,427|64,367|
|NET INCOME/(EXPENDITURE)|FOR THE YEAR||2023|2022|
|This is stated atter charging:|||||
|Auditor's<br>remuneration<br>-audit services<br>-non-audit<br>services (accountancy)<br>Depreciation<br>Operating<br>lease rentals|||f3,260<br>6640<br>K8,116<br>68,000|63,200<br>F640<br>69,764<br>68,000|





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|STAFF COSTS|2023|2022|
|---|---|---|
||6|F|
|Salaries<br>Social security costs<br>Pension costs|385,018<br>33,350<br>8,919|314,631<br>24,006<br>7,600|
||6427,287|8346,237|



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|he trustees received no remuneration<br>durin<br>met by the charity for 5trustees (2022:5).|g either year. Trustees' insur|ance<br>off479(2|022;f479)w|
|---|---|---|---|
|TANGIBLE FIXEDASSETS|Furniture|Computer||
||Fixtures and|and Oflice|Total|
||Equipment<br>f|Equipment<br>F||
|Cost:||||
|At 1 April 2022<br>Additions|5,784|67,308|73,092|
|Disposals||||
|At 31 March 2023|5,784|67,308|73,092|
|Depreciation:||||
|At 1 April 2022<br>Charge for year<br>Eliminated<br>on disposal|5,784|56,939<br>8,116|62,723<br>8,116|
|At 31 March 2023|5,784|65,055|70,839|
|Net Book Value:||||
|At 31 March 2023|ENII|f2,253|62,253|
|At 31 March 2022|FNil|f10,369|f10,369|





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|||FOR THE YEAR ENDED 31 MARCH <br>lcontd. ..|2023||
|---|---|---|---|---|
|13.|DEBTORS||2023|2022|
||||6||
||Trade debtors<br>Accrued income<br>Prepayments<br>Other debtors||72,860<br>72,985<br>10,310|19,554<br>77,018<br>8,013<br>70|
||||f156,155|F104,655|
|14.|CREDITORS: Amounts|falling due within one year|2023|2022|
||||8||
||Trade creditors<br>Social security and other <br>Accrued expenses<br>Deferred income|taxes|34,221<br>9,726<br>57,757<br>206,042|10,570<br>7,272<br>79,099|
||||8307,946|f96,941|



|Deferred<br>year but|income of6206,042 (2022:fNil) induded<br>a<br> relating to a future accounting<br>period.|bove relates to grant income receive|d during th|
|---|---|---|---|
|Deferred|income analysis|2023|2022|
|Deferred|income brought<br>forward|||
|Additions<br>Amounts|during the year<br>released to income|206,042||
|Deferred|income carried forward||fNil|





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|||||<br>/contd. ..||||
|---|---|---|---|---|---|---|---|
|15.|MOVEMENT|IN FUNDS|Balance at||||Balance at|
||Unrestricted|funds|1 April<br>2022f|Income<br>f|Expenditure|Transfers<br>F|31 March<br>2023|
||General funds||145,900|308,773|(341,643)|886|113,916|
||||145,900|308,773|(341,643)|886|113,916|
||Restricted funds|||||||
||LCF - TCOYL<br>LCRF<br>LCF-Then &Now<br>ILS —SFC<br>SVRR||13,904<br>18,000<br>23,656<br>6,881<br>(607)|72,905<br>135,243<br>86,496|(84,965)<br>(152,790)<br>(85,003)|(886)|1,844<br>18,000<br>6,109<br>6,881|
||||61,834||(322,758)|(886)|32,834|
||Total funds||f207,734|f603,417|f(664,401)|FNil|f146,750|



|Comparative<br>|information|for the movement|in funds<br>in the|previous finan|dal year is as|follows:|
|---|---|---|---|---|---|---|
|Unrestricted|funds|Balance at<br>1 April<br>2021|income|Expenditure<br>f|Transfers|Balance at<br>31 March<br>2022f|
|General funds||156,106|307,042|(317,048)|(200)|145,900|
|||156,106|307,042|(317,048)|(200)|145,900|
|Restricted funds|||||||
|LCF - TCOYL<br>LCRF<br>WTT<br>LCF —Then &Now<br>ILS —PHB<br>ILS —SFC<br>ATW<br>SVRR||5,074<br>2,716<br>21,507<br>551<br>11,660|72,905<br>18,000<br>135,243<br>1,272<br>50,704|(64,075)<br>(2,913)<br>(133,094)<br>(567)<br>(4,766)<br>(1,272)<br>(51,311)|197<br>16<br>(13)|13,904<br>18,000<br>23,656<br>6,881<br>(607)|
|||41,508|278,124|(257,998)|200|61,834|
|Total funds||f197,614|F585,166|f(575,046)|fNil|f207,734|





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|NET ASSETSBETWEEN FUNDS|Unrestricted|Restncted|Total|
|---|---|---|---|
||funds<br>F|funds<br>6|funds<br>f|
|Fixed assets<br>Current assets<br>Current<br>liabilities|2,253<br>419,609<br>(307,946)|32,834|2,253<br>452,443<br>(307,946)|
|As at 31March 2023|6113,916|632,834|f146,750|



||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||6|6||
|Fixed assets<br>Current assets<br>Current<br>liabilities|10,369<br>232,472<br>(96,941)|61,834|10,369<br>294,306<br>(96,941)|
|As at 31 March 2022|E145,900|F61,834|6207,734|



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