RUNNYMEDE TRUST TRUSTEES, ANNUAL REPORT 2022 RU PAGE | 02 TRUSTEES' REPORT ## **CONTENTS** |**Trustees' annual report (incorporating the Directors' report)**|**03**| |---|---| |**Strategic report**|**10**| |**Independent auditor's report to the members**|**29**| |**Statement of financial activities (including income and**|**34**| |**expenditure account)**|| PAGE | 03 TRUSTEES' REPORT _2022_ ## **TRUSTEES' ANNUAL REPORT** **(INCORPORATING THE DIRECTORS' REPORT)** The trustees, who are also the directors for the purposes of company law, present their report with the financial statements of the Runnymede Trust (Runnymede) for the year ended 31st December 2022. ## **Reference and administrative details** **Registered charity name:** The Runnymede Trust **Registered Company number:** 03409935 (England and Wales) **Registered Charity number:** 1063609 **Registered office:** Bk 207, Brickfields, 37 Cremer Street, London, E2 8HD ## **Trustees** Sir Clive Jones (Chair) Faraz Tasnim (Treasurer) Farah Elahi Hepburn Harrison-Graham Hossein Zahir KC Professor Iyiola Solanke Professor Jason Arday Lai-Har Cheung Dr Maya Goodfellow PAGE | 04 TRUSTEES' REPORT ## **TRUSTEES** ## _2022_ ## **Senior Leadership Team** Dr Halima Begum (CEO) Laurence Jay Dr Shabna Begum Graham Bainbridge Alba Kapoor Mandeer Kataria Rohini Kahrs John Page ## **Auditors** ## **DSK Partners LLP Chartered Accountants** **and Statutory Auditors,** D S House, 306 High Street, Croydon, CR0 1NG ## **Bankers** **CAF Bank,** 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ ## **Solicitors** **Womble, Bond, Dickinson,** 4 More London Riverside, London, UK SE1 2AU SIR CLIVE JONES CBE (CHAIR) FARAZ TASNIM (TREASURER) FARAH ELAHI HOSSEIN ZAHIR KC HEPBURN HARRISON-GRAHAM PROFESSOR JASON ARDAY PROFESSOR IYIOLA SOLANKE LAI-HAR CHEUNG DR MAYA GOODFELLOW PAGE | 05 ## **CHAIR'S OVERVIEW** Dear Friends, Welcome to the Runnymede Trust Annual Report 2022. This was another highly successful year for the Trust; one of continued growth in which we were able to embed a degree of organisational stability and long-term planning that is perhaps atypical in the charity sector in such uncertain times. That stability has allowed Runnymede to expand its crucial contributions to public and policy dialogues around race and migration in a period sadly defined by the suffering of minoritised communities amid an historic cost of living crisis. The team is incredibly proud about the results and impacts outlined in this report, and the way in which we have delivered our research and policy-influencing beyond decision makers to embrace sections of an engaged public that, equipped with evidence and analysis provided by the Trust, is increasingly prepared to challenge racial injustice in all its forms. Needless to say, we have maintained a firm focus and brave ambition to tackle the big issues of the day like health inequalities, access to justice and toxic debt while all the time being ready to address other key issues that spontaneously arise in the public discourse like the right to protest, voter registration and supporting vulnerable refugees. These are essential parts of our strategy that we will be developing throughout the coming year. Something Halima and the team have been personally invigorated by, and look forward to building on, is our work on a number of projects focusing on the creative cultures. I have no doubt that these contribute tangibly to the sense of belonging felt by minority racialised communities across the country. A new and complementary branch to our portfolio, this work stands in some contrast to the constant and emotionally challenging responsibility of addressing issues such as disproportionate mortality rates among minoritised communities as a result of inner-city pollution, or the Met’s strip-searching of minoritised children in London schools. This has lent a creative joy to elements of our work that has really resonated not just with the Runnymede team but our friends and supporters as well as the broader public. As you will note in this report, we enter our next year on a strong financial footing. I would like to thank my fellow Trustees and all our staff and partners, without whom Runnymede could not flourish and thrive as it does. Our work and achievements are a shared venture, only made possible because of our stakeholders, our friends and funders – so many remarkable individuals and organisations that have steadfastly supported us, each of whom I would like to thank personally for their commitment to Runnymede and our mission. I therefore welcome you to this Annual Report, and to reading about some of the highlights of our work and impacts over the last 12 months. This is also the perfect moment to recognise your ongoing support as we continue to deliver on our mission and promise in the years ahead. Sincerely, and with our thanks, Sir Clive Jones, CBE, Chair of Runnymede Trust PAGE | 07 ## **ABOUT US** The Runnymede Trust was founded in 1968, the year of Martin Luther King’s assassination and Enoch Powell’s ‘Rivers of Blood’ speech. For more than 50 years we have worked tirelessly to build a Britain in which we all belong. ## **OUR APPROACH** Our work is rooted in challenging structural racism and its impact on our communities. Our authoritative research-based policy interventions equip decision makers, practitioners and citizens with the knowledge and tools to deliver genuine progress towards racial equality in Britain. Research **Research:** We produce reliable and impartial evidence on racial inequalities in the UK, which is used to dismantle systemic racism and barriers to opportunity across society. Influence: **Influence:** We use the evidence we generate to inform decision makers and the wider public of how we can dismantle structural barriers and build a Britain in which we all belong. Collaboration: **Collaboration:** We believe in working collaboratively with grassroots organisations, policy makers, academics, thought leaders, businesses and our public services to effectively challenge racial injustice. Through our partnerships we can amplify our voice and those around us and create change on a scale impossible for us alone. ## Production: **Production:** We create more than research reports. Our educational assets, policy briefings, stories and public engagement pieces provide the tools with which to challenge racial injustice. ## **OBJECTIVES & AIMS** Runnymede is a social policy research organisation focused on race equality and race relations. Our object is to promote racial harmony, equality and diversity through research, discussion, influencing and engagement. At any time there are many challenges to and solutions for race equality and good race relations and so Runnymede has to select those which are most urgent, important, susceptible to change and to which our own competencies are relevant. In 2022 the Charity amended its charitable objects in order to ensure they are fit for purpose with regard to current and future activities. The Charity Commission provided their formal consent to the changes on 22nd September 2022, and the trustees passed a written resolution adopting the new objects on 13th December 2022. The revised objects are set out below. The only objects for which the Charity is established are for the public benefit to promote: By teaching, lecturing or otherwise, studies in political, economic, social and natural sciences, the humanities and other subjects or disciplines suitable for education; Racial harmony, equality and diversity including (without limitation) by: Working towards the elimination of discrimination on the grounds of race, nationality, ethnicity religion, or socioeconomic background; - Advancing education and raising awareness in equality and diversity with a view to enhancing relations between persons of different racial, religious and socio-economic groups; - Promoting activities to increase knowledge of and to foster mutual understanding between people from diverse backgrounds PAGE | 08 Conducting or commissioning study and research on equality and diversity issues and their effect on society, and publishing the results of that research; and This report outlines how our achievements and performance during 2022 have contributed to the furtherance of our charitable purposes. - Cultivating a sentiment amongst the public in favour of equality and diversity ## **PUBLIC BENEFIT** The Runnymede Trust operates for public benefit and general charitable purposes according to the laws of England and Wales. The trustees confirm that they have referred to the information contained in the Charity Commission’s general guidance on public benefit when reviewing The Runnymede Trust’s aims and objectives, and in planning activities and setting policies for the year ahead. PAGE | 09 PAGE | 10 TRUSTEES' REPORT ## _2022_ **STRATEGIC REPORT** The following sections form the strategic report of the charity. PAGE | 11 ## **ACHIEVEMENTS & PERFORMANCE** At the start of 2022 we were in a strong position as an organisation, despite the challenges for the wider charitable sector in the aftermath of the COVID-19 pandemic, and the ongoing challenge for organisations focussed on race equality. Despite these challenges, the priorities we set out for 2022 demonstrated our intention to continue to grow our impact and influence and respond effectively to the current issues for race equality in the UK. The following is a summary of how we performed against the priorities we had set out. We will deliver impactful research and policy engagement on key areas of racial justice including workstreams on environmental and racial justice, the arts, education, pay equality and the cost of living crisis. How we did: We generated impactful research across our broad and expanding portfolio of work. In particular, we centred the voices and experiences of thousands of women of colour at work through our research partnership with the Fawcett Society, we surfaced the key links between systemic racism and environmental injustice through our research project with Greenpeace and we delivered impactful work on the cost-of living crisis, and on disproportionality in policing and criminal justice issues. Our policy work continued the high level strategic dialogue on matters relating to public policy such as Voter ID legislation, criminal justice, education and health. PAGE | 12 We will enhance and build the foundation for our future engagement work by convening a summit focussed on migrant rights and race equality to bring together a diverse group of organisations to share learning and build networks. How we did: After months of planning and alongside some key partners, we delivered a phenomenally successful summit. Over 500 people registered and there were more than 40 sessions covering a diverse range of subjects including: covid responses, building unity across communities, police in schools, visioning a post racist Britain, and research methodologies. The response of attendees was overwhelmingly positive and the event was successful as both an educational event and one that built the wider engagement of Runnymede, and led directly to new or strengthened existing relationships with academics and community based race equality groups. We will further develop our organisational sustainability by continuing to diversify our income, building impactful and long-lasting partnerships and digital transformation activities to improve our operational efficiency. How we did: In 2022 a key priority area of work was our focus on building the resilience of our organisational structures and operational systems. We developed our capacity by recruiting a layer of senior management staff to oversee functional areas within the organisation. The new staff include: a Director of Operations, Head of Finance, Head of Research and Education Manager. We also grew our organisational capacity by bolstering our research, communication and engagement teams. This additional resource has allowed us to expand our work and impact. We have invested in our operational systems including finance, technology and training, to ensure that our team members are best supported and as effective as possible in their roles. We will refresh our website, brand and communications activities including a renewed focus on digital engagement, to ensure that our work is communicated effectively across our core audiences. How we did: In early 2022 we refreshed our website and brand which led to significantly improved engagement and visibility of our work online as well as a consistent and recognisable look and feel for our work across all media. We continued to build our presence on social media and focussed our content towards more interactive, graphical and video based content. For example, our video accompanying our Racism and the Climate Emergency report, which was designed for social media engagement, led to over a quarter of a million views across Twitter and Instagram. We are conscious of the difference between content people engage with on our website versus on our social media channels. Those visiting our website and reading and downloading our reports will likely be from our traditional audience base and already interested and engaged with our reports. But as we continue to grow a new audience base as part of our digital strategy to gain support among younger, and less academic or policyfocused, audiences, it’s important for us to continue commenting on external events and generating support through that messaging. We will deliver a second year of our successful “Unbound” traineeship, aimed at deliberately developing diverse talent for our sector and policy/research professions, alongside thinking strategically about our recruitment and development activities for the team as a whole. How we did: Building on the success of our first cohort of Unbound trainees, in 2022 we delivered the second cycle of our highly impactful traineeship, which aims to develop early-career individuals with potential to become leaders in social research and policy. These individuals, from diverse backgrounds, were selected on the basis of their potential to both contribute to Runnymede’s work but also to learn and grow, with the aim of leading long term change in the racial justice ecosystem. We are pleased that during the year, two trainees from our 2021 cohort were able to remain with us and continue contributing directly to Runnymede’s work. PAGE | 14 ## **OUR WORK IN 2022** ## **Research Outputs** This year saw us build on our successful partnership approach to our research outputs, delivering impactful work in a number of thematic areas in collaboration with third sector and academic partners. Our report, in partnership with the Fawcett Society, 'Broken Ladders: the myth of meritocracy for women of colour in the workplace', centred the voices and experiences of thousands of women of colour at work. It offered the largest survey of its kind and combined rich qualitative data to track the barriers and challenges women of colour face in the workplace. The report was launched in parliament and follow-up events with a range of stakeholders from across the public and private sectors, and has been the catalyst for follow up work. Responding to the global climate emergency, our collaboration with Greenpeace delivered the report 'Confronting Injustice: Racism and the Climate Emergency'. This report surfaced the key links between systemic racism and environmental injustice, shedding light on the racial inequalities at the heart of the environmental emergency. It gained wide traction in the media and the accompanying video reached over 0.25 million views. As the cost of living crisis continued to worsen, we collaborated with academic partners to provide an intervention into current discussions about the cost of living crisis, highlighting the racialised dimensions of poverty. The report: 'Falling Faster amidst a Cost-of-Living Crisis: Inequality and Ethnicity in the UK' brilliantly used existing data to provide timely and detailed evidence of the disproportional impacts of material deprivation, food and fuel insecurity. This report secured significant media coverage and cemented Runnymede as the go-to organisation to make the links between poverty and ethnicity amidst one of the biggest economic crises the UK has faced in decades. Finally, in the wake of the Child Q scandal and in the context of significant and growing concern about disproportionality in policing and criminal justice issues, we produced a short yet impactful research report based on a FOI request to all UK police forces revealing the growing number of police officers in schools and the lack of consultation with local communities. This report; 'Overpoliced and under-protected: The road to Safer Schools' made a number of recommendations regarding police presence in schools and the use of strip search on children and continues to inform the national conversation on policing. ## **Policy Influencing** In what has been another polarised year in the public policy space, The Runnymede Trust have continued to respond to and influence the policy agenda. After the success of our 'Lit In Colour' report and ongoing partnerships with Penguin Books we have further expanded our education policy work, with further development of the Lit in Colour campaign as well as new work with the National Education Union to form a History working group to provide a critical friends approach to the government’s new proposed Model History Curriculum. The working group was drawn from a broad coalition of significant and representative organisations and provides a forum to discuss ongoing developments around curriculum reform from the government. This work is currently ongoing, and currently in its first phase. As a result of this work, the Education Secretary has been engaged with Runnymede, and dialogue is in place with the Department for Education and Runnymede in 2023. PAGE | 16 We also used our role as Secretariat to the All Party Parliamentary Group on Race and Community to convene a number of policy roundtables ranging from such topics as Building an Inclusive Literature Curriculum, to Tackling Racism in the Workplace, to Migration in the UK and the Impact of the Policing Bill on racialised young people. Each of these roundtables were organised and delivered with partners including leading human rights and civil liberties organisations, which further strengthened our collective impact and engagement on these important issues which are ripe for policy influencing. Each of these topics were timely to ongoing policy debates and government deliberations and has allowed Runnymede and our partners to contribute towards the influencing opportunities in new and current legislation. Our staff team continues to support high level strategic dialogue on matters relating to public policy such as Voter ID legislation, criminal justice, education and health. ## **Communications & Public Engagement** Our communications work has been integral to the successful launch, publicity and subsequent rich public conversation around our research reports and policy outputs, but has also allowed us to respond dynamically to breaking events. In 2022 we significantly enhanced the capacity of our communications team in order to ensure we could be more proactive with our delivery and ensure that our work is communicated as effectively as possible. Early in the year we designed, developed and launched a new website and brand, which significantly enhanced the visibility of Runnymede’s work and ensured that our look, feel and tone was consistent and recognisable across all our public outputs. We refreshed our blog and significantly expanded the range and number of articles. The Blog - “Race Matters” - aims to bring new perspectives to matters of racial (in)justice, including topics which people may not associate with race. We encourage blogs that shed new light on an issue and are backed up by evidence. We value personal stories that illustrate impact and give perspective. We also launched a podcast series “Teaching Race Matters” which focussed on exploring the importance of teaching race, migration and empire in schools, and how we can empower educators to do so. This podcast was very well received, charting at number 1 in the non-profit category on Apple podcasts and demonstrated a potential appetite for further work in this format in future. We also established a dedicated public engagement function in order to ensure Runnymede’s work is amplified effectively into our grassroots constituencies and the wider communities. We convened a large scale event in Leeds to connect with different organisations working on racial justice and migration. The event was phenomenally successful, leading us to consider future collaborations to help extend the impact of and inform our research and policy work. ## **Fundraising and partnerships highlights** 2022 has not been an easy year in the charity sector, though we have continued to grow our funding base. We have applied our grants from trusts and foundations to support a larger share of our research and policy work without needing to allocate some of these funds to core. The continuity in funding from Joseph Rowntree Charitable Trust, Esmee Fairbain, Paul Hamlyn, Unbound Philanthropy and Aquilla Trust has allowed us to be flexible with the selection of timely and tactical evidence driven interventions. We have continued to make progress with our bespoke partners including Penguin Books, Sony Music and the Freelands Foundation on producing research based interventions in the arts and English literature educational landscapes respectively, and the outcomes of these partnerships will materialise in 2023. We have progressed future partnership dialogues with other partners which will continue to strengthen our work in 2023. PAGE | 18 Our support from corporate donors was also instrumental in supporting our work in 2022 and into the future. We are particularly grateful to Goldman Sachs, who once again provided significant support for our core work and also to Virgin Media who gave a substantial donation to support both project work and our overall organisational resilience in the medium term. We are extremely grateful to all our donors and partners who supported us over the last year and whose vital and often long-term support enables us to continue and grow our vital work. ## Aquila Family Charitable Trust ## Aziz Foundation Barrow Cadbury Charitable Trust CAF Resilience Fund Esmee Fairbairn Charitable Trust Fawcett Society Freelands Foundation Joseph Rowntree Charitable Trust Lloyd's Bank Foundation Oak Foundation Paul Hamlyn Foundation Unbound Philanthropy Goldman Sachs PAGE | 19 TRUSTEES' REPORT ## **FINANCIAL REVIEW** ## **Overview** It is thanks to the financial support of individual givers, corporations and Trusts and Foundations that we can continue to expand our work during a difficult time for charities. This year saw an increase in our net income from £372,159 to £847,871 and we are continuing to seek and gain new grants and partnerships to continue and expand our work. For 2023 there is a planned operating deficit as the charity will conclude several multiyear projects with restricted funding. ## **Financial Statements** The accounts have been prepared in accordance with the accounting policies set out on page 37-38 and comply with the charity’s Memorandum and Articles of Association, applicable law and the requirements 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 (Second Edition). PAGE | 20 ## **Income** Recognised income increased by £789,543 to a total of £1,934,631 (2021 - £1,145,088). Of this total £1,051,334 is restricted to project delivery ## **Expenditure** Total resources expended increased to £1,086,760 (2021 - £772,929) which is reflective of the increase in organisational size and capacity. Runnymede had net incoming resources of £847,871 in the year (2021 – 372,159). Total funds as of 31 December 2022 stood at £2,350,865 (2021 - £1,502,994). ## **Reserves policy** The Board of Trustees considers it prudent to maintain a sum equivalent to 3 months’ core expenditure in unrestricted reserves to maintain the ongoing operations of the Charity. This is considered an appropriate level of reserves to manage the risks to which the Charity is exposed in the course of its business, including, but not limited to, safeguarding against volatile voluntary income. Reserves available for use exclude restricted and designated funds At 31 December 2022, the level of unrestricted reserves was £1,472,448 (2020 - £1,107,309) which comfortably meets the Reserves policy. As at 31st December 2022 the funds held for the Reserves policy stood at £155,754, based on the budgeted average monthly core expenditure for 2023 (£51,918). The value of the Restricted funds as at 31 December 2022 are £858,468 (2021 - £395,685) which represent the Fixed Asset Restricted Fund and several ongoing projects. Designated funds stand at £19,950 (2021 - nil) which consists of tangible fixed assets including office furniture, computers and telephones along with website development costs. PAGE | 21 TRUSTEES' REPORT ## **PLANS FOR 2023** Our upcoming plans in 2023 include the following: ## **Develop political support and win system policy change** In 2023 we will further develop our strategic and coordinated approach to parliamentary engagement by widening our cross-party parliamentary allies group, strengthening the activities and membership of the APPG on Race and Community and nurturing long-term relationships with key allies inside and beyond parliament. Looking ahead to the anticipated 2024 general election, we aim to build our policy influence and to develop our political monitoring capability to be better able to respond to emerging political issues. ## **Expand and widen our reach and increase public engagement** In 2023 we will work to further this goal by systematising the relationship and responsibilities between our research and engagement functions. We will plan and deliver engagement activities linked to recently published or upcoming reports including Broken Ladders and our current arts and PAGE | 22 education projects as well as building on the success of our We Move Summit in 2022. ## **Produce and coordinate highimpact research** In 2023, we will deliver high-impact research across our broad portfolio, which includes work on arts and culture, housing and homelessness, wealth and economic inequality, health and criminal justice. We will also strengthen our internal capability to use data for greater impact, and will develop better understanding and experience of participatory action research methods in order to reach communities that are excluded by traditional research methods and to offer more compelling stories in our reports that improve our impact. ## **Build the organisation for future success and resilience** In 2023 we will develop our financial maturity and continue to diversify and grow our income, securing our position as a sustainable medium-size organisation. We will grow our fundraising capacity and consolidate our financial management and oversight within the organisation. We will also consolidate and embed our digital transformation and ensure that we have the technology, digital tools, and cyber security to maximise our efficiency. ## **Increase the influence and impact of the organisation and its supporters** In 2023, building on the success of our branding and website work in 2022, we will develop our voice, messaging and communication channels to reflect and respond to the polarisation of British society and ensure we remain firmly at the centre of advocating for racial equality and justice in the UK. We will continue to expand our digital output to reach new audiences. PAGE | 23 TRUSTEES' REPORT ## **STRUCTURE, GOVERNANCE & MANAGEMENT** The Runnymede Trust is constituted as a company limited by guarantee (No. 3409935) and is governed by a Memorandum and articles of Association of the Company adopted by special resolution on the 13th December 2022. We are led by our Board of Trustees. ## **Trustees** The Board of Trustees formally determines, in compliance with Charity Commission rules, matters such as disposal or acquisition of property, and approves the key operating policies of the charity. The Board is also responsible for the overall risk policy and for assessing the adequacy of the risk mitigation plans. Trustees give their time voluntarily and receive no personal benefit from Runnymede. The Board approves the strategic and operational plans for Runnymede, including the annual budget, and monitors progress for each of these throughout the year by receiving quarterly reports from the Chief Executive summarising performance. The Board normally meets formally at least four times per year. The executive team is hugely grateful for this level of support and commitment. In 2022 the Charity amended its charitable objects in order to ensure they are fit for purpose with regard to current and future activities. Chair) and in meetings with staff (including the Chief Executive). New trustees are also given reference information including key policies of the organisation, recent research output, meeting minutes and annual reports. ## **Management of Risk** The risk management strategy comprises: ## **Committees of the Board** There are two standing Committees of the Board: Finance and Risk Committee; Governance and Nominations Committee. ## **Executive Team** Trustees delegate the day-to-day management of Runnymede to the Chief Executive. The day-to -day running of the organisation is delegated to staff under the leadership of the Chief Executive. ## **Induction and training of new Trustees and succession planning** The Trustees have the power to appoint any person who is able and willing to do so to be a trustee. Trustees are given an in-depth introduction to the organisation and the role of Trustee through meetings with other trustees (including the - A quarterly and annual review of the major risks to which Runnymede is exposed - The establishment of systems and procedures to mitigate those risks The implementation of procedures designed to minimise any potential impact on Runnymede should any of those risks materialise While overall accountability rests with the Trustees, our aim is to create a culture of effective risk management and mitigation throughout the organisation through regular reviews, training and implementation of key policies. The risk management process covers both short and long-term risks and in particular concerns Runnymede’s financial sustainability, reputation and ability to achieve impact. PAGE | 24 Some of the risks Runnymede manages are ‘generic’ in the sense that they might apply to any charity – though of course we look at them through a lens which is particular to our own operations and considerations. In addition, there are also risks which are distinctive to our particular circumstances and operating model, such as specific risks related to research project delivery. Finally, in 2022 we actively managed any possible risks as the national dialogue on race became more and more politicised; thinking carefully about how we contribute positively to the national conversation and remaining politically impartial. Such qualifying third party indemnity insurance remains in force as of the date of approving the trustees’ annual report. The Trustees confirm that they are satisfied that strategies, systems and controls are, as far as possible, in place to mitigate significant risks. Runnymede provides insurance to its trustees against liability in respect of action brought by third parties, subject to the conditions set out in the Companies Act 2006. PAGE | 25 PAGE | 26 TRUSTEES' REPORT ## **STATEMENT OF TRUSTEES’** The trustees (who are also directors of Runnymede for the purposes of company law) are responsible for preparing the trustees’ annual report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charitable company and the group, and of the incoming resources and application of resources, including the income and expenditure of the charitable company or group for that period. In preparing these financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent state whether applicable UK Accounting Standards and - statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and the group and 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 group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 December 2022 was 9. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. ## **Auditor** In so far as the trustees are aware: - There is no relevant audit information of which the charitable company auditor is unaware; and In accordance with Section 485 of the Companies Act 2006, and subject to an audit tender process, a resolution proposing the re-appointment of DSK Ltd. as the charitable company’s auditor will be placed before the Annual General Meeting. The trustees’ annual report which includes the strategic report has been approved by the trustees on 25th July 2023 and signed on their behalf by; ................................................ Name: Sir Clive Jones CBE Position: Chair, Board of Trustees PAGE | 28 PAGE | 29 ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS** ## **Opinion** We have audited the financial statements of The Runnymede Trust (the 'charitable company') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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'. In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our - responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. PAGE | 30 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material ## misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. PAGE | 32 ## **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Using our general commercial and sector experience and through discussions with the directors and management, we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements as well as those arising from management's own assessment of the risks that irregularities may occur either as a result of fraud or error. - We examined the company's regulatory and legal correspondence and discussed with the directors and management any known or suspected instances of fraud or non-compliance with laws and regulations. - We communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. In addressing the risk of management override of controls, we tested the appropriateness of journal entries. We also challenged assumptions and judgements made by management in their significant accounting estimates and judgements. There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion." A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. ## **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Romit Basu FCA (Senior Statutory Auditor) for and on behalf of DSK Partners LLP Chartered Accountants and Statutory Auditors D S House 306 High Street Croydon Surrey CR0 1NG Date: 25th July, 2023 PAGE | 33 ## **Statement of financial activities** (including income and expenditure accounts) PAGE | 34 RUNNYMEOE IRUSI STATEMENT OF BNANCIAL POSINQN CHARITY NVMBER IOb3d09 YEAR ENDED 31 DECEMbER 2022 Nole xed ossets 4.890 8.W2 31.604 45.352 12.892 Cwenl a￿*15 DÈbkns C)sh )t b)r* & In h4nd IW.510 2,353.617 161.081 1.426.973 1.588.054 Cwent Creditors falllng duÈ ￿￿*thIn year n68,6131 P7,952) Nel ¢wrert ass•ls 2JISA14 IAW.102 Total not assels 994 RègtriLtÈd luTh& Desjwatsd iese Unrestrlvied lun(4 858.468 19.950 1,472.448 395.685 1.107.309 Total l￿d$ 994 The linahtial ststements ha￿ been wred th acctythn￿ vAth aFWi¢atle totr* small cw)pnles in attor&ncÈ th tho CharIt￿* SORP IFRS 1021'Att0￿￿t1fig and RèFxyllng byCharttiQS' StstÈmÈTht of rocommèTh&d wathcÈ' aFVlcaEdè to thariles yyriro t￿11 in tho Fknaneial RèF¥Ytry Stan&rd aFPliCa￿￿è in thÈ UK and Rèwtdie of kÈland FRS 1 Mècbve i J)ry)ry )n4 thè CoMwThle5 These fln4nd¥l ststemwts ￿tre ¥U¢htyised tor issue by the 8o4rd ¢1 TYvs¢ees 15th May 2023 s¥ned¢n b¢h¥ll cl tr* TheTwstees may C￿ a ￿￿￿Th￿ry tho 2CK)6. $454. aMÈnd thè fthanelal statements 11 thèy Su&owÈnty w to CBE Ch)Ir, 8 ot T DatÈ' 25thJ y 2023 The 36 to 43 f(m p4rt rl these Iln4rK￿I ststements Forty rto.. 03409935 Ch)rfty no. 1063609 PAGE | 35 UNNYMEDE TRUSI $TATEMENT OF CASH FIQW$ CHARITY NUMBER 1063609 YEAR ENDED31 DECEMBER 2022 Cash from Ope￿1￿ Net U4h lugÈd Inl 4xratlng actWo$ 967.303 347.536 Cash Ibws Ir¢Yn Irfws of thè tharty aré èntltlad to dèfln8d contrkntlon pers￿￿1 gr￿P p9nS￿n *n.' a wallfykng wn&1￿7 sth#mè as dèfined by thè P￿Slon Tha ￿rS￿￿1 rA4n Is rllanl￿d Nest and the plan Invttts £ontrfbLrtlcffls bythe emplow 4ndemF4o>w In of thè ￿p1￿￿￿￿'S Thè thailty has no 114tAllty Its cOntrfbLrtI￿s. Thè thirltyCwr TiuJt••s' experd•J and r•r￿￿Oral10n Thè Tr￿&t￿& ill glvè froèly thèir tlmè vAthcth anyfws r2021.. 141 TrywerÈ althtèdto èath a4 folkn*.' èarth Pdloj Engag￿eTht GthÈmancè Fun(tra&ng Tiujtee's ￿￿WneratIoTr. re1Mb￿e￿ eypenses (bThJllon5 No Tr￿stÈes rècÈivÈd rèmunèrati¢￿ thrin9 2022 V2021 £nill ExpÈnsÈg r￿m￿￿e￿t0 T￿$t￿ )mwnted to £nll12021. £nill(brlng the y¢)i. No (bwti¢rts ve¢e retsived frer PACE | 39 RUNNYMEDE TRUSI NOTES TO IHE ACCOUN1$ CHARITY NUMBER 1063609 YEAR ENDING 31 DECEMBER 2022 nt& MocNrnry Ftrtlwe5 & Ilws ConTrulei Eq￿pMent Tot C•sl al l Alr￿￿TY2022 Acwitions Diswals Cojl al 31 f*c•rrbw 2022 10.764 3.103 703 S.164 5,389 17.891 26.739 34.044 38 33.071 38.235 Dèpreckil￿naI l JaNary 2022 Charge for thè DisKxxals 9.1UI 4,3 12.642 3.768 26.N2 6.240 1è.7031 1.780 IS.3è N•1 boDk al 31 D•c•rt>•i 28 220 N•1 boDk ak 31 Dec•￿50[ 1.664 5.249 8.W2 D•blor ¥&22 37.250 26.044 Oth¢r thtrttys 8 è¢Uued in¢tsne 75.988 120.510 127.766 JI •mcvtsts unthr fèll due for payrent )eèt. Cr•dit¢Jt3'. larry dvw ¥&22 Tr￿￿? ￿E￿Il0 Oth¢r treJttys A¢¢w•ls and thferred inwme S(Jnd- furJw retr￿*￿￿ faolitèT¢ih¢ NAning of lh¢ L￿￿{￿J*￿in¢e w¢k¥amme. S￿y- re5E?rth exarnining eth￿1( (I￿rSty S￿e musical yni¢S. nwatd. fw*for an eoyKmiSt t¢ SuFPJt re**￿ ieèm. PACE 140 RUNNYMEDE TRUSI NOTES TO IHE ACCOUN1$ CHARITY NUMBER 1063609 YEAR ENDING 31 DECEMBER 2022 Reslrtled F￿dI (¢QrtlN￿d) }r￿￿￿lIs& lFrèÈ￿nd5)- lundng rns￿rth Into accè&s to thè ￿￿￿￿1 arts BI￿. A&lan and ètknl(aty dwrsè stu&nts. Q￿en[￿￿- f96¢4fth 4nd rewrt Into the Ilr&s bethen r4d$m )n4 the dlm4te èmerg¢n¢y Fa￿t￿tt 8ME- rÈpyt ITh WrtnÈY&hipvAth thè Sctlety Ints èxwrlÉncÈ& cl of cOl￿r In thé 8lack&Vèatth- lundlng to lati1￿tè thè dovÈlowient andthllw Df a Fthst. Ethnidty Pay fjap ReP￿- YeFth thÈ ¢liswcP*h￿ate ¢llects d th* ts%tof lI￿n9¢r1$15 ViroiTh Future Prr¥ètts- tod￿1vÈr thrÈè Tox1¢ Debt In￿¥th￿- D•*Iqy￿e￿t 4 mcp4em¢nt anduMF*lw aylnst w4pfty. <èbt in C￿￿1- partThÈKShip￿ Pènwln thè Ewllsh LitÈrl￿rè NEU PartnersNp- tothvèlrpa mcéol dI￿r$If& hlstory and ycthotÈ and-raclst tramè￿￿È. W4*- rwrch 4nd th￿h¢ Iw(èrshlp eyFtylng the ¢thnhJty￿Y pp. bolan¢e ol l Ainwry 2ml ExpeThYttwe Tlarnler belween Ivnds Balance 31 De¢eD*ei 2Wkl resowces Pdlq OMgAHRC Racè & Clas4 5tratègiC Communlca Favjcott 8ME 119.579) 1150) 12.730 94.kn3 15.( 1.237 21.860 20.￿0 2.184 9.530) 1.044 3.895 11.(￿2 19.579 750 (37.230) VP4.563) 24.5(X> 4.688 Lt in 24.51XTr 146.360) 119.99 Strat¥ Comm$ Un?sslwed Po* 59.5 11.0441 .8951 111.092) Racè & Clagg 2 NEU .￿0) (88.420) Untwnd 8la¢k&Vwtth FrÈèlanc¥ GrèÈnpa S(￿Y CIF Regllen Vanty4rd IW.784 3.561 61.925 23.333 V28.13 33.786 (3.2541 86.746 69.964 519 625 V25.LWO) 09 686 44.964 395 685 D￿vJ￿a14d FL¥vJI Ir￿OrTh l Junwty2U22 I•iOLVC•S Tiarlllqr bwtw••n ru￿j5 31 D•c•rrbwi 2022 Fi￿dA￿Set FL¥ 26,812 26,812 Th& Fixgd *&5et fund rewe59nts lh• balance ol fLYgd a55*ts. exdudngthp5• WKILwJgd in rqstiKtqd funth. ar• holdfor the thaTrtablp use d th& trust. Th& LY9￿￿￿tIc￿ had no thslWtodfund4 in the tt021 PACE | 41 RUNNYMEDE TRUSI NOTES TO IHE ACCOUN1$ CHARITY NUMBER 1063609 YEAR ENDING 31 DECEMBER 2022 ot l 2022 105VLWC115 ru￿j5 JI D•c•rtbwi 20*2 G￿traI Fund .107.309 983.297 1485.782) P2,3761 1,472.448 883 297 The Gw*r¥l fun(4 a￿lIatI¢ f¢[ vse ai the thèrit*s 05tset￿rn. Ounngth¢ ￿)rI￿nE¥ *re (kswat¢d t¢ a Pix¢d As*t Fvndlse* rt¢* 151. •ls¢ r¢leès¢d t¢ SuFpx the w¢ie¢t &Ve•tth (** note 141. Anatysh of Net Assèls befvleen FLM Assets Net CL¥rert Asse1* F￿d bdoKes os Pestrtted Desiwè¢ed fun( 25.405 19.9 833.063 858.468 1.472.448 2.305.511 1.472.448 2,350.866 45,355 N•t CLw•rl AMotS FLnd bda￿05 ai ?1 rwrWrrl￿[ %YJI Rs5tnctsd fun DeS1￿￿ted funL¥ G￿￿ra1 funth 395.685 395,685 12.892 12.892 1,(fy4.417 1.4W.102 1.502.994 The tharityowfatqs a dpfinqd contri￿110￿ W510￿ ￿h￿rn0. Th& a$8ets of th& 5th•m* are holdsoFpTatqlyfrLYn ihLW of the CLYnpny In an Indpwn&ntlyathin15tor8d fund. The ppn51Cn C05t charg r8pr@8ent5 bj the (ompany toth8 fund. Th arn￿￿1 ￿ld to the fund in th&Y￿r Is £14.210 12021." E8.201 - ￿StatEd. CorrTrrilnwr*s The yratingloase Cha￿ lor2022 wa5 £24.272 W21. Q7.1171. At 31 D￿orn￿r2￿￿2 tho tham￿5 wmmrtm&nts lrfe of non-cancellaEle owrating k585 as folkM%". 2022 Ewiring Wthin one year 4virlng vlthln to Ilve y¢4rs Total 26.640 8.377 2.943 13.460 20 Rdotod Puty Tran%ueth)ns There ￿Ere no ielakd partyitallSaCtI(￿S Ill thF Ctsrlrollw Parfy The uliimafe ￿Tty 15 Tru51EF5. PAGE | 42 RUNNYMEDE TRUSI NOTES TO IHE ACCOUN1$ CHARITY NUMBER 1063609 YEAR ENDING 31 DECEMBER 2022 51alem•rl 01 Fknan¢￿ by 2021 Uffesfrlcled O•*Th71ed Ir￿9 Reslrkted nds 10101 INCOME FROM DoMlor¢4 Lego¢(es 233.241 69.W4 302.445 384.909 455.422 2.￿0 526 626 840.331 OthÈi IAtoMè lolol In¢•rr¢ EXPE14DITURE ON ￿Jnd$ FuThdrai4ing e4%ts Rèsèarth & Polity Wuk lolol Expendttu 456.242 456 242 316.687 316 687 772.929 772 929 Nel Incomelffxpendttive) 162.220 209.939 372.159 Transfèr Iyros 162 220 209 939 UT(estrkled Oeslgr•Jled Rejtrkted Jnds Total Nel rbv)vement5 lThfurn15 162.220 209.939 372.159 lololfuThJs al l &lrrt￿ry 2021 945.089 185.746 1,130.835 TololfuThJ$ 31 December W21 395 685 1 502 994 PAGE | 43 RU YMED= Intelligence for a multi-ethnic 8ritain statement of financial activities lincluding income and expenditure accounts) RVNNYMEOE TRUSI STATEMEP4T OF flNAI4CIAI ACTiwnES CHARITY NUMeER 1063009 YEAR ENt*D 31 DECEMbE* 2022 ur1￿1￿••d Ow17nal•d [¢•￿Ikted Totol Ncty6 INCO1￿ FWM DonaNoM Loga¢￿1 616.477 1.214.477 ACIMI 261.979 451.334 713.314 .331 Ot￿r Irron 2.312 Totol I￿orr EXPEMDITURt o riahrtt r￿d3 ¢oqt 29.581 248 .828 AC1fv￿e* PdKy¥ndR•twch 302.046 154.155 5.633 ?82 901.794 155.137 Tolol ExpeTrJttw• Nel 1rKomel(Ey••￿jtt￿e) 397.515 (6.863) 457.219 847.871 371159 f32.3761 20.812 5,564 For anptrYs￿ of IMr￿al tyfvndfty 3J21 5¢¢ nule 22 STATEMtMT OF ANAIICIAI ACTiwnE$ YEAR ENt*D31 DECEMBE* ¥Y22 Vtyw1￿10d o•$bJt￿t•d Rwlikl•d Totol 365,139 19.?49 462.7 847.871 372.159 1.107.3)9 395.685 1.502.994 I.1￿.835 *JfrJn*¢JJl D￿￿*￿1 XQI SVWMRY INCOK AND EXPENLITVRE ACCOVNI YEAR ENL*D31 DECE￿￿E& >)22 7olal*Y£ 1,934.631 1.145.086 Ta*Alnc¢xn• 1.934.631 1.145.088 To*A•wnthvi•*¢rnlncom•TrJrrfb 11.086,76CI 1772,9291 Nqllncom•lor*•y•rJ 847.871 372.159 thE nQte5 PEF5 36 ￿ 43. W￿¥￿5fUll the mThpmen15 th￿￿thE all lunL¥ oFthe th¥TiEy. PAGE 134 RUNwYwf* TWST STATEh4ENT OF HNANCIAL P051110N CHARITY NI*MBF* 1063d09 YtAR ENDED 31 DtCEMbER Mot• x•d t¥￿￿$ htsTr9tAè a￿￿r$ li*d a&$ets 4.890 8.W2 31.004 45.352 12.892 Cwr*rl ¢7ss•ts Debt￿5 Cash at tr￿nk& 47 ￿lld 12 120,510 2.353.617 161.081 1.426 973 1.588.054 Cwr*rl dlTtyS' f¥llhig è ￿thin yèar 13 1169.613> P7.952) Net cwerl aJ*tg IAg0.102 7olol n•t (¥Jwts 994 f￿Y5 74 15 16 858,468 19.950 1.472,448 395.68$ D¢sw)Te4 rwn UrrfÈStr￿knnth lolollwth The stsrwn•)TS yer•redin •¢utsn¢e the a01¢a￿e tothe ￿•11 <¢mr•n* regm¢ In J¢c¢Wn .33 Puich8sÈ ol N•1 cosh prwld•d by kn) .8411 140,658) Y2.301 chan￿ In 4rrtS cash ITh thè rèKX)rtlng pori 926.644 1,426.973 2 353 617 342.201 1,984.772 1 426 973 Cojh ord ¢osh tw¥a￿￿$ al lh• end ol t￿• repothw perftsrt f*1 mo¥•rn•nt kn Iw¥Ys lo n•t irfbw li¢)m a¢1￿$ In¢¢xne l th• wr 847.871 V5tr7¢nts'. 2.459 40.571 70.661 967 303 PÉ¢rèasAI I Irh7e4É• In ￿￿t¢r5 N•t wh pribO•d bj II) 4thn*S 74.159 347 536 Cash Hows Al JI De¢etrkn•r 2022 ar 1.426.973 926.U4 2.353.617 926 644 2 353 617 NOTES TO IHt ACCOiIIII$ VEAR E14C4NG 31 DECEMBEI 2022 ACCOUNTIP4G POUCIts Thè I￿anti&l stat￿èntr ha¥È In vAth thè vtrJklc￿$ to thÈ 4rrtall tompnlèg tÉgmÈ In thÈ Chanb* SQRP 1021'*¢wntsTh9 Re￿￿9￿Cha￿lIes 9)temèw Fra¢tre' to thantrf ry￿rIng thoif è(¢•￿1& In atttsrdèncÈ IhÈ FiThanelal RèKW¢W Stsnd)rrtaF￿leI1I¢ in th* UK and Reputrllcol Iro￿nd FR5 1021 l jan￿￿ry2￿79)Ind the ALt 2￿6 Th¢ TiuST M*¢TS Th thfinlTOI ¢* a pJYl¢ FnTty FRS 102. Th fWK7i￿￿1 OJtt•W16 STEthng IQ. The 5T?luS pf thE Iw)led4td the w5Tw¢d offK¢ 15 8K207 8ri(k(￿k¥, 37 Cwmer Street, E2 8HD. ol GokvJ CO￿•rn Th& f￿?￿gaI 5Tal¢mpnts W•F•r•J ts) • ¢ÈYK•m i•$$. Havin9 ¢tswd*rtyJ F¢S¢lw. bJtrJN *ns fEYEUSts IH51trRh¢ rt*¥lth5. thE trvstees ths thÈch•Tity ¢ I Incomp i•cogrknon l incomè 14 re(<¥n￿d In tho a¢counts*thonth• Is ￿n￿l￿d to KKamo andthÉ •ma￿lI can Tnent d o triw lfi a I￿(￿s) rA tho omFWoe'& thrdc• Th• thirtty hoG no I￿trAlIty m4kki9 Its (c￿trI￿A1￿c￿$. thbntyc0ntrikntir￿ is rest1￿?￿d to thatdKhxed ￿ noto P. The pn$xin Crots th￿ry￿* In thÈ Stat￿￿Trt d FInanE￿I ray8￿nt th8 COnt￿tion& tharty thrhgth• >wi. VnMt••J' •xpor￿s r•rrAmrallord Thè Trustéès all 9w IrÈèty thèK limè exFWW ¥nyfurn of ￿￿1*rtIn t41h ExFxf4e$ totho aT• d&daEodat not• B. Rentals knB$94 Jr• ￿[r￿d a￿￿¢t Iln• fmirthg wrn rfth• Varybk• and bdarg*1• oiwls. d•pr•ckrtknn ard arr￿kna￿n Tangblè aro 8tatsdat c￿t ￿s& ar£uM￿athd asÉ8ts afé strt￿ at luss 8mfftlsatk)n. Assèts arè not CaFitbllsedbolDN I1.￿￿ per Item. DèyerTatKln and aMart￿lIan th• f￿l￿An9 rat•& to off tho rrAt ol the as8•ts ￿rth01r•&tthItÉd fv¥'. P￿￿t and Mathlnèry and Frttin94 C￿￿ter￿qUI￿1￿fit rq¢kndn9bakncg *)% rathon9ba￿nC Irr•covorobK• VAT I￿et￿￿èra￿lè VAT has bÈen andsyth mst Crltkal a¢couthry •slbrot•s ar•o¥ ol hklg•rr*rt Thè ryèwratl¢￿ of linanaal ststemènls to ludpmenty and that alf•ct t 4mrthts ryrt•d fry as4èts I￿tIl￿•S as at the sheet Ind thÈ ￿P)rted lor rth*nuè$ and tho wr. Tr natur• of g8timat1￿ mean& tho actual outcrmgs (Ilfw Irun th¢M 8sdrnatoG. Thw0 wwdwmènts mado th&t SI￿11￿&￿t èffect amruits r￿n￿ed kn the finandal $tatèm•nts. Donatéd andwVIc￿ ar• InckKkd at tho to th•charhy thkun bo TaxallDn tha￿TY1$ •y4mFt tax¢A rts ¢hathèbhTr acbth*k. PAGE 137 RUNNYMEOE TRUSI NOTES TO IHE ACCOUN1$ CHAIITY NuhieeR IQ63I09 VEAR EN￿NG 31 DECEMDEI 2022 302.445 Inc•rn• f￿m¢hOM￿￿4• fj¢ttW•s 582.175 7￿.144 120.187 23.273 Bank In1È￿ST 4.503 338 2.304 ol reww¢•s eyend•rt stall Ol*•r $yport ¢Mts {rote d) Totd >)22 Co$15 of ￿neral1r¥ Ivr¢J• FUntha1￿Th9 e¢Sts 13.445 1.795 14.598 29.828 ChornaNg oclml R*wrth & Pdicy 456.5&5 60,058 530 1117 37.267 331.527 901.794 403 928 1 086 760 Olhr Support ¢Nts Totd 3)21 C•$15 of 0gr4rollro Iw*J• CharHaNe aclmlhs Reswrth & Pdicy EngweThr & 454.1￿2 6.310 772.929 454 102 772 929 Staff c￿tr 194.941 S1.206 30.847 29.96Z 27.497 25.￿4 11.994 IT tosts ke¢wrtmént tsts I￿0C0vera￿& VAT Rent & legal & Professkmsl StatthÉry. & cwry 2.533 2.138 1.876 1.442 Reyii5 6.310 Cjeèning ¢05ts Gas afid OtheF V)5ts 403.928 Othw *duo¥s 151 PAGE 138 r¢igNNYMFDE TRUST NQTFS TO IHt Accour47$ CHl4RITY NUMBER I￿3￿09 VEAR E141MtIG 31 DECEMBE* 2022 $1471t 202T and£a￿rk•s Sr£lal ￿c￿riryCtslts 652.144 58.655 8,200 £tIl.(XX>w$' £W).(W£69.9Pg w&St¢ kyrn•MpTr¢n¢ Fw6oin•l £126.685 WI. LVI.1SQI Ttr* 4ver•4p mmthly number rf emKdws ty th• the IwrwJ$ 20 W1.. 141vthlth io 17 lull tlm• P02E.. 141 Th•yKwÉ al&xatèdto •ath thwrtmthit as fr1&y￿.. pdicy G¢￿m•nc• Tiwt•e's mnxvwollon, r*1￿￿>￿e￿ expenses oThY d￿r￿￿on5 Na rÈCÈ￿èd rèmunèraliert thnn9 2022 V2021 £nlll EynsÈg TNstMs Jmwni•Jto £nll QO21.. Enlllthnng the ￿ts[. No (knaJ¢n$ w¢ r¢¢sTr*d T¢i46W$ ffj 20￿ V2021.. £ft1Tr. 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