Registered Charity Number 1082190 **Report and Accounts For the year ended 31 March 2022** 1 ## **Charity Information** ## **Trustees** Ahmed Ibrahim Mohmoud Shire Abdihafid Jama Nafisa Abdullahi **Charity Number** 1082190 ## **Registered office** 20 Dawes Road LONDON SW6 7EN ## **Accountants** Anderson Pierce and Co Accountants 14 Alexandria Road West Ealing, London W13 0NR ## **Bankers** Metro Bank Kensington Branch W8 7RG 2 ## **Equality Foundation Report of the Trustees** ## **For the Year Ended 31 March 2022** The trustees present their annual report and financial statements of the charity for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out in the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard. ## **Objectives and activities** The Equality Foundation is championing equality of opportunity by advancing education and research on equality and increasing economic empowerment amongst minoritised communities and providing practical projects to promote the employment prospects, training, and skills of minoritised communities. The Equality Foundation undertook extensive consultations with service users to determine their needs post-Covid and to gain their input on the future of the charity. We held 3 group consultations for 60 users, and we held one-on-one conversations with nine key community influencers. We have heard repeatedly that representation and advocacy are as important as providing frontline services. Based on the community consultations, ideas and decisions, the followings were implemented: 1. We recruited 2 additional trustees who brings different new sets of skills, knowledge and lived experiences. The trustees changed the name of the charity from Aborian Community Centre to Equality Foundation with new objectives and strategic priorities of the coming years. 2. We developed new strategic priorities where we will focus on equality of opportunity by 1) Advancing education and research on equality, 2) increasing economic empowerment, 3) Advancing safe spaces for service users to develop skills and 4) collaborating with others advance equality of opportunity. 3. We have developed all the necessary policies for the charity including Safeguarding, Data Protection, Conflict Interests, Confidentiality, Equality, Financial Control, Code of Conduct, Recruitment, Complaints procedures, and Health and Safety Policy. 4. We are working to develop Financial Sustainability; we have already developed viable fundraising plans which we are working achieve. We identified mission aligned funders that we would like to approach for both longer short and term. 5. We have developed new branding, website and communication plan which will aid us charity for many years to come. 3 ## **The main activities are:** The Equality Foundation has become a catalyst for a broad variety of community-led and focused activities. The Equality is a grassroot and trusted charity, we have mandate and support from our community that support the followings for the next 3 years: 1. Culturally sensitive and tailored employment training and upskilling programmes for women, supporting 50–80 per year to develop soft skills to improve their career prospects. 2. Digital training and access to digital tools to ensure women's economic survival and empowerment. 3. Welfare Advice and Advocacy- many of our service users come from low socioeconomic backgrounds and we provide results such as Universal Credit, Housing Benefit, Income Support, and Jobseekers Allowance. 4. Training for young people- we are committed to supporting as many young people as possible per year to ensure that they access meaningful employment through training, coaching, employers’ connections, and advocacy. 5. We work with civic institutions to advocate for our services to ensure their voices and needs are heard by policy and decision-makers. 6. Work with likeminded organisations to counter historical inequality and civic institutions' structural barriers. ## **A review of our achievements and performance:** The Equality Foundation aligns its operations and programmes with regional and local priorities, ensuring that residents have access to initiatives that will help them grow and improve their living conditions. Providing opportunities for disadvantaged persons to realise their full potential and access to appropriate support mechanisms and agencies. The Equality Foundation's primary accomplishments this year were delivering employment initiatives to 40 women, with 60 percent of them finding meaningful work as a result of our efforts. An additional 15% enrolled in programmes that will help people reach their full potential, such as training and education. ## **Public benefit statement** In shaping our objectives for the year and planning our activities, the Trustees have considered S.17 of the Charities Act 2011 and the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising from the charity’s activities. ## **Reserves Policy** Equality Foundation policy is to maintain a level of unrestricted and undesignated reserves equivalent to Six months' expenditure. ## **Risk Management** 4 The trustees have assessed the major risks to which Equality Foundation is exposed and are satisfied those systems are in place to mitigate exposure to the major risks including maintaining a risk register, which is reviewed annually. ## **Investment Policy** The charity does not produce a sufficient surplus to invest, as priority must be given to building our unrestricted reserves. ## **Plans for future periods** We have put in place a range of mechanisms to ensure we can continue to secure institutional income from private sector, individuals, and grant-making institutions to ensure the sustainability of the charity. ## **Independent Examiners** The Charity re-appointed Anderson Pierce & Co Ltd as our independent examiner. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with Equality Foundation constitution, and the Statement of Recommended Practice "Accounting and Reporting by Charities", issued in March 2005. This report was approved by the Board on 30/06/2022 and signed on its behalf by: ## **Ahmed Ibrahim Chair** 5 Equall FoundaUon Charlty No Amnual accounts for the 01.f14.2021 To 10e2190 eriod P¢rlod $tan ¢tyt• 31.03.2022 Statement of financial activities (including summary income and expenditure account) R•stdct•d Incom• Jndl Unrostrlctsd *Jnd* End¢7wm•nl *JndA R•¢omm¢ndod catsgorl•* by ocovlty Totsl *Jndi Prfory•ar fvnd* InGome and endowmenti from.. DonatiDns and ￿gaG￿5 Icharitabb aclNrt 0th8r tradro activths Investrnents Total Expenditure Expondlture orb: Ra&lng funds charitab￿ actN*ps N1 N1 5.OLSJ 5,0 B.000 22.000 50,0 5.OLSJ 50,0 55,0 30.000 N2 48,0 48,0(M) 22.0 Total Netmvementiii fvnds 8.000 ReGOnGdHtM)n offtJrJds.' Total funds broughtfolward Tolalfunds unY•d fortYan* N3 N3 90fr) 90 9.000 Eaualifv Foundation Chaitv No 1082190 Balance sheet R08tr1ctsd In¢om• funds Lknr•$trl¢ted frJnd8 Endowm•nl Tol81 Ihl• funds year Totsl lilt year Fixed assets Intangb￿ assets Totalfixed assels Current a$$et$ Cash 8t b8nk and i) hand Debtors Inv8stsn8nts N3 14.000 14,000 Tot8lciwenl 888e18 14.000 14,000 Current LIabIllt￿$ Ng1 ¢urr8nlaSsets/(Sab￿vsj Totalassds kss currenlts￿￿l{&s Nèt Assèts R&str￿ted incomè furKIs unrestr￿sd funds N3 14,000 14,000 Totsl Charityfunds 14,000 14,000 Th8 dir8ctors acknowledge lh8￿ re8pOnsbi￿t￿8 for cornptying with th8 r8qU￿8rnents of th8 Cornpan￿ Act %vith r85pectto ' These accounts have been prepared in accordance with the provisK)ns appI￿ab￿ to small compan*s subject lo the smal compan￿$ regime and in accordance with FRS102 SORP. Sbn8d on behaff of all lh8 tnJsl8e Ahm*l Ibr8hi 3010612022 ## **INDEPENDENT EXAMINER’S REPORT To the trustee of Equality Foundation YEAR ENDED 31 March 2022** I report to the trustees on my examination of the financial statements of Equality Foundation (‘the charity’) for the year ended 31 March 2022. ## **Responsibilities and basis of report** Having satisfied myself that the accounts 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 accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent Examiner’s Statement** I have completed my examination; I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or 2. The financial statements do not accord with those records; or 3. The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or 4. The financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drown in this report in order to enable a proper understanding of the accounts to be reached. Mr A Abdullah BA AFA/MIPA Accountant Date: 15/04/2022 Anderson Pierce & Co Accountants 14 Alexandria Road London W13 0NR 8 ## **Notes to the financial statements Year ended 31 March 2022** ## **1. General Information** The Charity is a registered charity in England & Wales. The address of the registered office is Dawes Road Hub, 20 Dawes Road LONDON SW6 7EN ## **2. Statement of Compliance** the Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (charities SORP (FRS 102)) and the charities Act 2011. ## **3. Accounting policies** ## **Incoming resources** Voluntary income and donation are included in incoming resources when they are receivable except when the donors specify that they must be used in future accounting periods or donor’s conditions have not been fulfilled, then income is deferred. The income from fundraising ventures is shown gross. ## **Donated services and facilities** Income from donated services and facilities is included in incoming resources at a valuation, which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised when there is no financial cost borne by a third party. ## **Resources expended** Resources expended are included in the statement of financial activities on an accruals basis, inclusive of any VAT, which cannot be recovered. Expenditure, which is directly attributable to specific activities, has been included in these cost categories, where costs are attributable to more than one activity, they have been apportioned across the cost of generating funds on a basis consistent with the use of these resources. Cost of generating funds includes salaries, direct expenditure and overhead costs of the staff who promote fundraising including events. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Funds** Restricted funds are to be used for specific purpose as laid down by the donor. Expenditure, which meets these criteria, is charged to the fund together with a fair allocation of management and support costs. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. 9 Designated funds are unrestricted funds earmarked by the management committee for purposes. ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income & expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity’s ability to continue. ## **Disclosure exemptions** The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemption: No cash flow statement has been presented for the company. ## **Judgements and Key Sources of Estimation Uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purpose. Designated funds are unrestricted funds earmarked by the trustees for future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub- classes: restricted income funds or endowment funds. ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity: it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to categories of income: - Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipts is probable, and its amount can be measured reliably. - Legacy income is recognised when receipt is probable, and entitlement is established. 10 - Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor, or the estimated resale value can be reliably measured. No amounts are included for the contribution of general volunteers. - Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned it unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - Expenditure on raising funds includes the costs of all fundraising activities, events noncharitable trading activities and the sale of donated goods. - Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable, and consistent basis. ## **Tangible Assets** All fixed assets are initially recorded at cost. ## **Defined contribution plans** Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 11 Note8 to the acc(￿￿t￿ IGontl Ncts1 Anatysls of recelpts of grants Thts year D•9erf lon Harnrnfjnnsith Ilntt•d ¢hwllh¥ Googh ProgThmme Sa¥anah DonAtloth* Indiviual don•tioih* Oth•r rt tsrwrt Empbyrnenl Su Chairty Grant Ind￿￿￿81 Donakn$ 18,0 so Total 55,0 Note$ to the a¢¢ount$ l¢i)ntl Not¢ 1 I￿oMe PA¥trlct•d IrKLvn• Erth¥rn•rt AnalyslB of Income TfAthl Prl¢Jr y•ar Donation$ and Ivgacies.. DonatK)n5 and gfft5 Gfft Nid LegacEs General grants prevtt1ed by governmenVolh8r charitias Membershp sub5criplh)n$ and sp)nscrshps wh￿h are In substance donat￿8 Other Total 5,Otx) ,000 55,0(M) Charftablo actlv5tlo8'. TOTAL INCOME 5.0(K) 30.WO Notes tothe accounts Icontl Note 2 Èxpendtt Thl$y¢ar Last￿ar TWI TWI •ndrturn on rthln Incurred seekry granis funds.. 19(K)O funtha*r Rentan¢ Tot*lqxp•ndtturwon fund* 24.th) 4,000 12 Notes tothe accounts Icontl Nots2 Paid employee$ Pl8858 complete thls noteff the chaffty has anyernploye85 ftransacllons wtth T￿$t685 deaft wlth In Note 28) 11.1 Staff Cost8 Th18 year Last year sala￿e$ and wag•s Social 5o¢urity Go5ts Pension costs (defined contrfbutlon schomg) Other omployo8 boneflts 25,(K)O 15,1)00 Total staff costs 25,LNJO 15,lJOO Notes to the accounts Note 2 DetslL8 of certaln types of expendlture Fees for examination of th• accounts Thls y•ar Last yèar Ind•p•nd•nt •xamlnè*s f••s 1,000 1,000 A¥$urance 8ervices other thon independent exarnination Notes to the a¢¢ounts {¢ont) Note 3 Cash at bank and in hand This year Last year Short t•mi cash {less than 3 months maturity dat•l 14,CK)O 9,000 Total 14.LK)O 9,000 13