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← Health Equality And Rights Organisation

2025-03-31-accounts

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Charity registration number 1076854

Company registration number 02702133 (England and Wales)

HEALTH EQUALITY AND RIGHTS ORGANISATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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HEALTH EQUALITY AND RIGHTS ORGANISATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees
Charity number
Company number
Senior Management Team
Registered office
Independent examiner
Bankers
Website		 Alan Palmer – Chair
Timothy James O'Rahilly – Vice Chair
Roland Thomas Brunner - Treasurer
Ian Richard Watters
Michael Harvey
Dr Rory McGill
(Resigned on 08 September 2025)
Shamal Waraich
Mark Edward Lewis
Jonathan Haworth
Denis James Robinson
(Appointed on 11 December 2024)
Michael Jon Rudd
(Appointed on 11 December 2024;
Resigned on 01 July 2025)
1076854
02702133
Ian Howley – Chief Executive Officer
The Link, Unit 65B
49 Effra Road
London
England
SW2 1BZ
Samir Shah FCA, ATII
Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
National Westminster Bank plc
332 High Holborn
London
WC1V 7PS
http://www.lgbthero.org.uk

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HEALTH EQUALITY AND RIGHTS ORGANISATION

CONTENTS

Page
Trustees' report 1 - 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12 - 13
Notes to the financial statements 14 - 27

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Charities Act 2011, the Companies Act 2006 and "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).

About Health Equality and Rights Organisation (LGBT HERO)

LGBT HERO is the national health and wellbeing charity dedicated to uplifting and supporting LGBTQ+ people. Every month we support over 100,000 people with trusted information, advice, and various forms of support to keep our community happy and healthy while campaigning to tackle the health and social inequalities our communities face.

We cover topics such as: Mental health, Sexual health, Living with HIV, Coming out, Gender and sexuality, Hate Crime and discrimination, Alcohol and drugs, LGBTQ+ rights, Sexual Abuse and consent. And much more

LGBT HERO is all about making life better for LGBTQ+ people by:

LGBT HERO is here because LGBTQ+ people often face unfair challenges that can lead to poor health and tough lives. We aim to level the playing field, giving everyone the knowledge and support they need to live their best life. Our goal is a world where being LGBTQ+ doesn’t mean you have to deal with extra struggles just to be happy and healthy.

History

LGBT HERO began its journey as GMFA (originally Gay Men Fighting AIDS) in 1992. GMFA was formed by a group of gay men who felt that there was not enough HIV prevention work being specifically targeted at gay men. GMFA quickly earned a reputation for delivering frank, honest and often sexy campaigns for gay men.

From the beginning, we used a model of community mobilisation and peer education. Rather than just producing health promotion aimed at gay men, we wanted gay men to play a central role in the development, design and delivery of interventions. This resulted in interventions that spoke to gay men from the perspective of gay men, avoiding the paternalistic approach of some other public health interventions.

In 2011 the charity created a parent organisation known as ‘Health Equality and Rights organisation later known as LGBT HERO. As of 2022, LGBT HERO is the main portal for all of the charity’s health promotion work with some minor work delivered through the GMFA channels.

Many things about LGBT HERO have changed but recruiting and retaining members of our target groups and keeping them at the heart of our organisation and our work has not. Each year up to 100 people actively volunteer for us, and our methods of developing projects and our policies are built around being a truly volunteer-led organisation.

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities

The objectives of the charity as set out in the Memorandum and Articles of Association are:

LGBT HERO mission:

The mission of LGBT HERO is to improve the health, enhance the well-being, and champion the rights of LGBTQ+ people. HERO recognises LGBTQ+ people as lesbian, gay, bisexual, transgender, queer, questioning, intersex, asexual and any other person who self-identifies within the LGBTQ+ umbrella.

LGBT HERO provides LGBTQ+ people with accurate and credible information so they can build skills that enable them to make informed choices about their health and well-being. LGBT HERO encourages LGBTQ+ people to create social change in our communities by providing a platform where LGBTQ+ people are heard and valued. LGBT HERO’s mission is a guiding principle governing all of our work.

LGBT HERO vision:

LGBT HERO wants to see a world where LGBTQ+ people have the same opportunities in life as all other people and are not disadvantaged by health or social inequalities because of their sexuality or identity.

LGBT HERO values:

LGBT HERO’s goals:

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Volunteer leadership

Volunteers

LGBT HERO believes that health promotion for LGBTQ+ people is fundamentally enhanced when community members take a central role in the development and delivery of projects. All our projects are guided by the people we serve. We aim to involve people with lived experience of the issues we address. LGBT HERO currently has over 120 volunteers with between 60-80 being regularly active.

Employees

On 31 March 2025, LGBT HERO had four full-time and two part-time members of staff. The staff team consisted of the Chief Executive Officer, The Health of Projects and Operations, one Project and Development Manager, a Fundraising Officer and two Community Support Workers. Employees are responsible for the day-to-day management of LGBT HERO and its projects.

Partnerships

LGBT HERO’s work is developed in collaboration with voluntary, statutory, and research organisations.

We continue to be a partner within the National LGBT Partnership, which advises the Department of Health on issues affecting LGBTQ+ communities. LGBT HERO is also a member of the LGBT Consortium, a national body that brings together LGBTQ+ organisations. In 2024/25, we partnered with the Consortium to deliver the LGBTQ+ Votes Matter campaign, supporting communities to prepare for the introduction of Voter ID.

Our partnership with London Friend and elop, funded by the National Lottery, continues to deliver important mental health work for LGBTQ+ people. This funding has been secured until 2030. We also extended our funding from City Bridge Foundation for another three years and secured a new five year grant to tackle suicide in the community, providing much-needed stability and continuity for this area of support.

Achievements and performance

Despite financial challenges caused by the conclusion of contracts and delays in securing new income, LGBT HERO delivered a strong programme of work in 2024/25. While we have secured several long-term contracts, the organisation continues to face financial pressures. This reflects a wider challenge across the voluntary sector in the UK, where economic difficulties and reductions in local government funding have created increased demand on trusts and foundations. As a result, competition for funding is higher than ever. The Board of Trustees has been regularly updated on the financial position of the organisation and remains committed to making sound strategic decisions in response to these ongoing challenges.

Although it was a difficult financial year, the Board is very pleased with the outputs of the charity. We continued to strengthen partnerships to address health inequalities and support LGBTQ+ communities and increased our brand recognition within the community. Some of our key outputs include:

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Board Achievements in 2024/25

The board held seven meetings and accomplished the following:

Public benefit

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Directors consider how planned activities will contribute to the aims and objectives they have set.

LGBT HERO is achieving public benefit through our work providing health information to members of the LGBTQ+ communities and promoting the health choices that are available to them. This year we have achieved this by improving the effectiveness of our interventions, which include a website, press and online campaigning work and peer support. Whilst these services are mainly aimed at LGBTQ+ people they can also be accessed by any member of the public.

Financial review

The Statement of Financial Activities showed a net deficit of £145,515 (2024 – net surplus of £26,707) for the year and reserves stand at £145,983 (2024 - £291,498) as on 31 March 2025. The financial position at the year revealed by the Balance Sheet shows net current assets or working capital of £144,830 (2024 – £289,589). The net book value of tangible fixed assets held, all of which are used directly for charitable purposes, amounted to £1,153 (2024 – £1,909).

In 2024-25 HERO has been awarded grants with a total value of £126,051 from National Lottery Community Fund, City Bridge Foundation, the GLA, Gilead Sciences Ltd and Big Lottery.

Currently, LGBT HERO is awaiting decisions on additional funding requests that have been submitted.

In November 2022, LGBT HERO was alerted to a two legacies part of which we received in 2022/23. In 2023/24 we received an additional sum of £32,500 from the legacy of Ian Cosh, an additional £10,000 from the legacy of Luis Arthur and a final payment of £17,563 from the Hatta Hodson Estate. In 2024/25 we revived our final payment of £4,156 from the Luis Ather legacy. We are expecting a final payment of just under £5,000 from one remaining legacy. This will be reported in next year’s trustees' report.

The Directors do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. To ensure this the board approved a cashflow in November 2025 that ensures enough income to be sustainable into mid-2027.

Reserves policy

As of 31 March 2025, LGBT HERO had unrestricted reserves of £132,381 (2024 - £177,561) which allows the charity to hold sufficient cashflow for approximately three to six months of operating costs while still delivering our core services. This level of funds is therefore held to cover the cost of our work until adequate ongoing funding is realised.

LGBT HERO’s Board of Directors receives a cashflow forecast on a quarterly basis, in order to monitor the predicted level of reserves over the next 12 months and ensure that the organisation remains sustainable.

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Principal funding sources

In 2024-25 the principal funding sources came from a mixture of trusts, foundations and local government which includes:

Investment powers and policy

Although LGBT HERO is aware as a charity that the board of directors have the power to make financial investments. This is not something the board has explored and has no intention to within the coming years. Should the charity vastly exceed its reserve funds, the board will set up a committee to investigate whether investing is a suitable option for the charity and its long-term goals. If this were to happen, the Chair will raise it as a point of interest for exploration and members of the charity will vote on any options put forward at an AGM.

Plans for future periods

Future activities

For 2025/26 the board of directors will work with the Chief Executive to further strengthen the charities position as an LGBTQ+ organisation tackling the major health and social inequalities, this will include:

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

Governing document

Health Equality and Rights Organisation (LGBT HERO) is a Charity, which is registered under the Companies Act 2006 as a company limited by guarantee and not having a capital divided by shares. The company was incorporated on 31 March 1992 and registered as a charity on 2 August 1999. The Charity registration number is 1076854 and the company registration number is 02702133.

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. The Memorandum of Association and the Articles of Association were updated in December 2002 to reflect a change in the objects of the charity, a new name and to allow members of the Board to be co-opted.

A further change was made in June 2011 when members voted to adopt a new name, the Health Equality and Rights Organisation (LGBT HERO), and to expand our remit to allow us to address the health needs of a wider population, specifically LGBTQ+ people.

In July 2016, the Articles of Association were amended to:

In June 2022 a further change was made to the Articles of Association to:

In December 2024, the biggest change in many years came when the charity changes its structure to a Foundation model to better reflect how the charity is run. This allows the board to:

Recruitment and appointment of trustees

Directors, who are also trustees under charity law, are generally treated as LGBT HERO volunteers and are elected to the Board by directors themselves. Our constitution states that there are normally eleven places on the Board. The term of office for an elected Director is set at four years maximum, and each year at least two members of the Board must stand down. Board members may choose to stand for re-election however no board member can run for more than two terms and must wait at least one year before standing again. New Directors are provided with an induction process led by the Chair, and all Directors may access training based on the skills needed to fulfil their role as a director as set out in their role description. We have a policy on training, induction, and support of Board members. The Directors who served during the year and up to the date of this report are as disclosed in the reference and administrative page.

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Organisation

The Board of Trustees administers the charity. The Board meets periodically to review the affairs of the charity and to consider strategies and operations. To facilitate activities, the Board have delegated authority, within terms of delegation approved by the Trustees, for operational matters including financial, employment and other related activities. All decisions relating to strategy and policy are made by the Board of Trustees.

Risk management

Our major risks have been reviewed by LGBT HERO’s Board and its subgroup, the Risk Subcommittee. The Risk Subcommittee maintains and monitors risks and reports to the Board. A risk register is used with a defined risk scoring approach. The risks are regularly revised to ensure they accurately reflect the current situation.

Our main risk is that we will not find sufficient new sources of funding to allow us to continue operating, although our confirmed income and current reserves currently allow us to deliver our planned work beyond 2025-2026. We are engaged in a strategy of seeking new funding and a diversity of funding by increasing our support from trusts and foundations, building on our community fundraising and our ability to generate revenue from our activities. The board are looking at how to increase opportunities to bring in new funding through LGBTQ+ Awareness Training, increase community donations via the Community Fundraising Officer and bring in an ecommerce model in order to increase the brand of LGBT HERO through sales of merchandise and corporations.

However, the Board does note that we the position of ‘Project and Development Manager’ was made redundant in July 2025 due to a loss of income. This shows the Board can make difficult decisions if needed to sustain the organisation.

LGBT HERO’s Board of Directors also receives an annual health and safety risk assessment. The planning document for all new interventions now includes a risk assessment.

Remuneration policy for key management personnel

LGBT HERO has a staff pay policy, which is reviewed regularly by the Board. It includes pay scales with incremental points for each post within the organisation and specifies how inflationary increases are determined.

Related parties

For 2024/25 there has been no transactions between LGBT HERO and trustees.

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HEALTH EQUALITY AND RIGHTS ORGANISATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of trustees' responsibilities

The trustees, who are also the directors of Health Equality And Rights Organisation for the purpose of company law, are responsible for preparing the Trustees' 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The trustees' report was approved by the Board of Trustees and signed on its behalf by:

52AD5767B96F4E4... Alan Palmer Chair

11 December 2025

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HEALTH EQUALITY AND RIGHTS ORGANISATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF HEALTH EQUALITY AND RIGHTS ORGANISATION

I report to the trustees on my examination of the financial statements of Health Equality And Rights Organisation (the charity) for the year ended 31 March 2025.

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my Independent Examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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 financial statements to be reached. [ ==BFA6442682BF4CE... by: Samir Shah FCA, ATII

Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA

Dated: 11 December 2025

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HEALTH EQUALITY AND RIGHTS ORGANISATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Designated
Restricted
Total
funds
funds
funds
2025
Notes
£
£
£
£
Income and endowments from:
Donations and legacies
3
37,270
-
-
37,270
Charitable activities
4
615
-
127,491
128,106
Investments
5
3,192
-
-
3,192
Other income
6
-
-
-
-
Total income
41,077
-
127,491
168,568
Expenditure on:
Raising funds
7
20,668
-
-
20,668
Charitable activities
8
68,363
-
225,052
293,415
Total expenditure
89,031
-
225,052
314,083
Net (outgoing)/incoming resources before
transfers
(47,954)
-
(97,561)
(145,515)
Gross transfers between funds
32,774
(30,000)
(2,774)
-
Net (expenditure)/income for the year/
Net movement in funds
(15,180)
(30,000)
(100,335)
(145,515)
Fund balances at 1 April 2024
147,561
30,000
113,937
291,498
Fund balances at 31 March 2025
132,381
-
13,602
145,983		 Total
2024
£
71,488
254,075
3,580
260
329,403
5,431
297,265
302,696
26,707
-
26,707
264,791
291,498

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 14 to 27 form part of these financial statements.

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HEALTH EQUALITY AND RIGHTS ORGANISATION

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds-general
Designated funds
17
General unrestricted funds		 2025
£
15,559
140,711
156,270
(11,440)
-
132,381		 £
1,153
144,830
145,983
13,602
132,381
145,983		 2024
£
11,786
307,271
319,057
(29,468)
30,000
147,561		 £
1,909
289,589
291,498
113,937
177,561
291,498

The notes on pages 14 to 27 form part of these financial statements.

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HEALTH EQUALITY AND RIGHTS ORGANISATION

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.

The financial statements were approved by the Trustees on 11 December 2025 and were signed on its behalf by:

Alan Palmer Chair

Company registration number 02702133

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HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The financial statements show a deficit of £145,515 (2024 – surplus of £26,707) for the year and free reserves of £131,228 (2024 – £145,652). The trustees are of the view that these results have secured the immediate future of the Charity for the next 12 to 18 months and on this basis the charity is a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All income is included in the statement of financial activities when the charity is legally entitled to it, receipt is probable and the amount can be measured with sufficient reliability.

Grant income

Grants are credited to the statement of financial activities when the charity is entitled to the funds. Income is only deferred where there are time constraints imposed by the donor or if the funding is performance related.

Where entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met.

Grants supporting the core activities of the charity and with no specific restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included within income from charitable activities.

Donations and legacies

Donations are recognised in the period in which they are received. Legacy income is recognised when the charity’s entitlement is judged to be probable and where the amount can be reliably measured.

Contract income

Income from charitable activities include income recognised as earned (as the related goods and services are provided) under contract.

Investment income

Investment income is included when receivable.

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HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the basis of staff time allocated to each activity.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The cost of minor additions or those costing less than £500 are not capitalised.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and fittings Written down value 25% Computer equipment Straight line 4 years

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9 Taxation

The charity is a registered charity and, therefore, is not liable to Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.10 Creditors and provisions

Creditors and provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

1.11 Operating leases

The charity classifies the lease of property as an operating lease. The rentals are charged to the Statement of Financial Activities on a straight-line basis over the lease duration. No assets are held under hire purchase agreements.

1.12 Volunteers and donated services, facilities and goods

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Charity is not recognised in the main body of the financial statements but detail is contained in the trustees' report.

On receipt, donated professional services, donated facilities and goods are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.13 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.14 Pensions

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charity to the fund. The charity has no liability under the scheme other than for the payment of those contributions. As of 1 August 2016 all employees have opted in to the HERO Work Pension scheme provided by AEGON. This was the staging date when the Health Equality and Rights Organisation had to auto enrol to a Work Pension plan. This plan is the same plan that AEGON provided prior the staging date.

1.15 Cash flow statement

The charity qualifies as a small company and advantage has been taken of the exemption provided by SORP (FRS 102) as amended by Bulletin 1, not to prepare a cash flow statement.

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
funds
£
Donations
20,385
Gift Aid
5,015
Community Fundraising
7,714
Luis Arther Legacy Fund
4,156
Ian Cosh Legacy
-
37,270
For the year ended 31 March 2024
71,488		 Total
2025
£
20,385
5,015
7,714
4,156
-
37,270		 Total
2024
£
18,932
4,319
5,737
10,000
32,500
71,488
71,488

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Charitable activities

Community
Development
Outreach &
Support
Project
Development
and
Campaigning
£
£
£
City Bridge Trust - LGBTQ+ London engagement
-
24,550
-
City Bridge Trust - London Project
-
-
-
FS ads
-
-
1,440
FS apps
-
-
615
Gilead Sciences Ltd - Trans HIV Prevention
Programme
-
-
25,000
GLA Voting ID
-
-
29,460
Hattha Hudson legacy fund
-
-
-
London Borough of Lambeth - Whole System
Approach
-
-
-
Lewisham Council LGBTQ +programme
-
-
-
Lambeth Community Fund
-
-
-
National Lottery Community Fund - London
Friend and Elop
-
26,351
-
New Suicide Prevention Fund
-
15,600
-
National Lottery Heritage Fund
-
-
-
Stop Smoking London
-
3,500
-
SW Railway Community Fund
-
1,590
-
The McCarthy Stone Charitable Foundation
-
-
-
The London Community Foundation
-
-
-
National Lottery Sexual Abuse Project
-
-
-
-
71,591
56,515
Analysis by fund
Unrestricted funds - general
-
-
615
Restricted funds
-
71,591
55,900
-
71,591
56,515
For the year ended 31 March 2024
Unrestricted funds - general
-
-
3,101
Restricted funds
52,964
138,266
59,744
52,964
138,266
62,845		 Total
2025
£
24,550
-
1,440
615
25,000
29,460
-
-
-
-
26,351
15,600
-
3,500
1,590
-
-
-
128,106
615
127,491
128,106		 Total
2024
£
23,663
22,928
2,400
701
18,000
37,373
17,563
50,995
1,969
9,447
35,613
-
4,371
-
-
4,895
14,824
9,333
254,075
3,101
250,974
254,075
3,101
250,974
254,075

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Investments

Unrestricted
funds
£
Bank interest
3,192
3,192
For the year ended 31 March 2024
3,580		 Total
2025
£
3,192
3,192		 Total
2024
£
3,580
3,580
3,580

6 Other income

Unrestricted
funds
£
Other Income
-
-
For the year ended 31 March 2024
260		 Total
2025
£
-
-		 Total
2024
£
260
260
260
Unrestricted
funds
£
Staff costs
7,536
Fundraising costs
7,993
Support costs
4,831
Governance costs
308
20,668
For the year ended 31 March 2024
Fundraising and publicity
5,431
5,431		 Total
2025
£
7,536
7,993
4,831
308
20,668		 Total
2024
£
3,681
1,138
525
87
5,431
5,431
5,431

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Charitable activities

Community
Development
Outreach &
Support
Project
Development
& Campaigning
£
£
£
Staff costs
42,557
134,602
56,755
Project costs
4,731
2,605
5,207
Office costs
-
50
-
47,288
137,257
61,962
Share of support costs (see note 9)
10,275
19,760
14,061
Share of governance costs (see note
9)
655
1,260
897
58,218
158,277
76,920
Analysis by fund
Unrestricted funds - general
9,281
21,070
38,012
Restricted funds
48,937
137,207
38,908
58,218
158,277
76,920
For the year ended 31 March 2024
Unrestricted funds - general
5,946
34,083
25,367
Restricted funds
20,031
119,538
92,300
25,977
153,621
117,667		 Total
2025
£
233,914
12,543
50
246,507
44,096
2,812
293,415
68,363
225,052
293,415		 Total
2024
£
210,599
28,024
-
238,623
50,290
8,352
297,265
65,396
231,869
297,265

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs

10 Support Governance
costs
costs
£
£
Staff costs
5,926
-
Depreciation
756
-
Premises costs
14,591
-
Office costs
6,580
-
Other costs
8,959
-
Legal & professional costs
81
-
Accountancy & payroll costs
12,034
-
Independent examiner's fees
-
3,120
48,927
3,120
Analysed between
Fundraising
4,831
308
Charitable activities
44,096
2,812
48,927
3,120
Net movement in funds
Net movement in funds is stated after charging/(crediting)
Depreciation of owned tangible fixed assets
Operating Lease Rentals: Property
Independent examiner's fees
Independent Examination
Other services		 Total
2025
£
5,926
756
14,591
6,580
8,959
81
12,034
3,120
52,047
5,139
46,908
52,047
2025
£
756
10,704
2,100
1,020
3,120		 Total
2024
£
17,118
2,542
14,529
6,646
3,521
35
11,893
2,970
59,254
612
58,642
59,254
2024
£
2,542
9,812
1,900
1,070
2,970

11 Employees

The average number of full time equivalent employees (including casual and part-time staff) was as follows:

2025 2024
Number Number
Raising Funds 0.49 0.05
Community Development 1.05 0.48
Outreach & Support 2.02 2.46
Project Development and Campaigning 1.44 1.85
Support 0.03 0.23
Total 5.03 5.07

The average monthly number of employee during the year was 6 (2024 - 6)

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11
Employees
Employment costs
Wages and salaries
National Insurance
Pension		 (Continued)
2025
2024
£
£
218,613
205,530
17,865
15,622
10,899
10,246
247,377
231,398		 (Continued)
2025
2024
£
£
218,613
205,530
17,865
15,622
10,899
10,246
247,377
231,398
231,398

During the year no trustees received any remuneration (2024 - £nil). No trustee received reimbursement of travel expenses during the year (2024 – £nil).

The total employee benefits of the key management personnel of the charity were £82,504 (2024 - £78,516).

The number of employees whose annual remuneration was more than £60,000 is as follows:

is as follows:
2025 2024
Number Number
£60,000 - £70,000 - 1
£70,000 - £80,000 1 -
12 Tangible fixed assets
£60,000 - £70,000
£70,000 - £80,000
12
Tangible fixed assets		 £60,000 - £70,000
£70,000 - £80,000
12
Tangible fixed assets		 2025
Number
-
1		 2024
Number
1
-
Fixtures and
fittings
Computer
equipment
£
£
Cost
At 1 April 2024
4,818
19,661
At 31 March 2025
4,818
19,661
Depreciation and impairment
At 1 April 2024
3,979
18,591
Depreciation charged in the year
210
546
At 31 March 2025
4,189
19,137
Carrying amount
At 31 March 2025
629
524
At 31 March 2024
839
1,070		 Total
£
24,479
24,479
22,570
756
23,326
1,153
1,909

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Debtors

Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments		 2025
£
3,752
6,506
5,301
15,559		 2024
£
-
6,185
5,601
11,786

14 Creditors: amounts falling due within one year

Notes
Trade creditors
Taxation and social security
Deferred income
15
Other creditors
Accruals		 2025
£
1,394
5,367
-
1,537
3,142
11,440		 2024
£
1,306
14,768
8,784
1,618
2,992
29,468

15 Deferred income

Deferred income is included in the financial statements as follows:

Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025		 2025
£
-
-
8,784
-
(8,784)
-		 2024
£
8,784
8,784
8,943
(8,943
8,784
8,784

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 April 2023
r
£
City Bridge Trust - London Project
7,245
New Suicide Prevention Fund
-
Stop Smoking London
-
SW Railway Community Fund
-
Gilead Sciences Ltd - Trans HIV Prevention
Programme
-
National Lottery Community Fund - London
Friend and Elop
-
London Borough of Lambeth - Whole
System Approach
17,716
FS ads
-
Abbvie HIV Peer Support
2,322
City Bridge Trust - LGBTQ+ London
engagement
11,497
The McCarthy Stone Charitable Foundation
1,462
Lambeth Community Fund
6,691
Gilead Monkeypox
12,028
GLA Voting ID
3,249
United Kingdom Health Security Agency
11,918
Big Lottery - Awards for All
8,459
National Lottery Heritage Fund
17,703
National Lottery Sexual Abuse Project
-
The London Community Foundation
-
Lewisham Council LGBTQ +programme
-
Hattha Hudson legacy fund
-
100,290		 Movement in funds
Incoming
esources
Resources
expended
£
£
22,929
(28,998)
-
-
-
-
-
-
18,000
(16,583)
35,613
(28,247)
50,995
(18,616)
-
-
-
-
23,663
(19,953)
4,895
(3,910)
9,447
(15,777)
-
(10,078)
37,372
(32,468)
-
(8,911)
-
(7,272)
4,371
(16,988)
9,333
-
14,824
(10,815)
1,969
(1,415)
17,563
(11,838)
250,974
(231,869)		 Transfers
Balance at
1 April 2024
r
£
£
(1,176)
-
-
-
-
-
-
-
(1,417)
-
-
7,366
-
50,095
-
-
-
2,322
-
15,207
-
2,447
(361)
-
(1,950)
-
-
8,153
-
3,007
-
1,187
-
5,086
-
9,333
-
4,009
(554)
-
-
5,725
(5,458)
113,937		 Movement in funds
Incoming
esources
Resources
expended
£
£
-
-
15,600
(13,825)
3,500
(3,371)
1,590
(400)
25,000
(22,209)
26,351
(33,348)
-
(48,894)
1,440
(1,449)
-
(1,552)
24,550
(37,402)
-
(2,377)
-
-
-
-
29,460
(35,315)
-
(2,038)
-
-
-
(4,112)
-
(9,215)
-
(3,930)
-
-
-
(5,615)
127,491
(225,052)		 Transfers
Balance at
31 March 2025
£
£
-
-
-
1,775
-
129
-
1,190
-
2,791
-
369
-
1,201
9
-
(770)
-
-
2,355
(70)
-
-
-
-
-
-
2,298
(969)
-
-
1,187
(974)
-
-
118
-
79
-
-
110
(2,774)
13,602		 Transfers
Balance at
31 March 2025
£
£
-
-
-
1,775
-
129
-
1,190
-
2,791
-
369
-
1,201
9
-
(770)
-
-
2,355
(70)
-
-
-
-
-
-
2,298
(969)
-
-
1,187
(974)
-
-
118
-
79
-
-
110
(2,774)
13,602
13,602

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Restricted funds

(Continued)

City Bridge Trust - LGBTQ+ London engagement project : This fund was used to develop a mapping tool for LGBTQ+ support organisations in London. The project, in partnership with the LGBT Consortium, aimed to find gaps in the system on a local level and highlight areas where services are oversubscribed. HERO developed the mapping tool and promoted its services to LGBTQ+ people, commissioners and potential funders.

City Bridge Foundation - Older LGBTQ+ Support: This fund is to provide support for older LGBTQ+ people living in London by providing peer-support and activities that helps older people to connect.

City Bridge Foundation - Suicide Prevention Fund: This fund is to provide support middle age gay, bisexual and trans+ men in providing peer-support in order to prevent suicide in the community.

Big Lottery Awards for all: Funding towards developing a new information hub and campaign focused on sexual abuse and consent in the LGBTQ+ community.

National Lottery Community Fund (London Friend and Elop): Funding towards a three-year programme to help improve the mental wellbeing of LGBTQ+ people by providing online peer-support groups and developing awareness campaigns in partnership with London Friend and Elop.

London Borough of Lambeth (Whole System Approach): Funding towards extending the ongoing programme to support Lambeth Council in how it supports its LGBTQ+ residents. LGBT HERO is funded to continue developing a new safer space initiative to help increase the number of safe spaces for LGBTQ+ people in Lambeth.

Gilead Sciences Ltd – HIV connect : This fund was used to support HIV-positive gay men back into care.

GLA / Grassroots London: This fund was used to develop a voter engagement project to inform LGBTQ+ people about the new changes in the law in partnership and reconnect people back into creating social change with the LGBT Consortium.

SW Railway Community Fund : This fund was to support an art project as part of the SW Railway Partnership where LGBT HERO commissioned local artists to produce work in order to highlight LGBTQ+ awareness throughout the station in Vauxhall.

National Lottery Sexual Abuse Project: This fund was used to develop a national campaign focused on highlighting the impact of sexual abuse and consent in the LGBTQ+ community, including a poster campaign, podcasts and building a support hub on www.lgbthero.org.uk

The London Community Foundation: This fund was used to support LGBTQ+ people in Lambeth by providing peer-support groups aimed at building stronger communities.

Hatta Hudson Legacy Fund: This fund was used to support peer-support groups for South Asian gay, bisexual and trans+ men.

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

(Continued)

Stop Smoking London (Tower Hamlets Council): This fund was used to run focus groups for Tower Hamlets council who runs the Stop Smoking London programme.

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds
Balance at
1 April 2023
Incoming
resources
Resources
expended
Balance at
1 April 2024
r
£
£
£
£
Capacity Building
30,000
-
-
30,000
30,000
-
-
30,000		 Movement in funds
Incoming
esources
Resources
expended
£
£
-
-
-
-		 Transfers
Balance at
31 March 2025
£
£
(30,000)
-
(30,000)
-		 Transfers
Balance at
31 March 2025
£
£
(30,000)
-
(30,000)
-
-

Capacity building: This fund will be used for core work until adequate additional funding is realised and represents six months' operating costs while continuing to deliver services for the LGBT Community. During the year, £30,000 (2024 - Nil) was transferred to unrestricted funds to cover the operating costs.

18 Analysis of net assets between funds

Unrestricted Designated
Restricted
funds
funds
funds
£
£
£
Fund balances at 31 March 2025 are represented by:
Tangible assets
1,153
-
-
Current assets/(liabilities)
131,228
-
13,602
132,381
-
13,602		 Total
Unrestricted Designated
Restricted
2025
funds
funds
funds
£
£
£
£
1,153
1,909
-
-
144,830
145,652
30,000
113,937
145,983
147,561
30,000
113,937		 Total
2024
£
1,909
289,589
291,498

Docusign Envelope ID: 4C5D358A-DDA3-416B-B940-A3E36BB8AC5FDocusign Envelope ID: 42F6FF09-5574-4097-A097-5EF4874D6915

HEALTH EQUALITY AND RIGHTS ORGANISATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Operating lease commitments

Operating lease commitments
Within one year 2025
£
1,784
1,784		 2024
£
1,784
1,784

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

21 Share capital

The company is limited by guarantee and does not have a share capital divided by shares. The liability of each member in the event of winding up is limited to £1.

22 Pension

The pension cost charge represents contributions payable by the Charity to the fund and amounted to £10,899 (2024 - £10,246). Contributions totalling £1,313 (2024 - £1,271) were payable to the fund at the year end and are included in other creditors.