REGISTERED COMPANY NUMBER.. 04198889 (England and Wales) REGISTERED CHARITY NLIMBER: 1088411 REPORT OFTHE TRUSTEESAND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR EQUALITY ACTION LTD Dunc3n & ToplSs LimSted 3 Prlnces Court Royal Way Loughborough Leicestershire LEII SXR
EQUACITY ACTION LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page RÈference and Admlnlstratlve Deta115 Report of the Trustees 2 to 3 Independent Examlner'5 Report Statement of Flnancltl Actlvllles Statement of Flnaficial Posltlon Notes to the Flnanclal Statement$ 7 to 17 Detailed Statement ot Flnan¢lal Adlvltles 18 to 19
EQUALITY ACTION LTD REFERENCE AND ADMINISTRATIVE DETAIiS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTÉES GÈÈtha Balasubramanlam (Chair appointed April 20221 Emily Keightley Ivice-chairl Rachel SusanThorpe Ale8 Begurn Bint Hanlf Ire51EnEd March 20241 Charles DobblTh Klrlt Mistry Zarn Zam Yusuf Ireslgned October 2D231 Ablda Akram 05amudiame Adetutu IRe51gned July 20241 BÈn Smlth Dilshad Choudhury Isepternber 20231 COMPANY SECRETARY Varsha Parmar REGISTERED OFFICE 66 NottlnBharn Road LouEhborough Lelcestershlre LEII IEU RE615TERED COMPANY NUMBER 04198889 (England and Wales) REGISTERED CHARITY NUMBER 1088411 INDEPENDENT EXAMINER Duncan & Toplis Limited 3 PrintÈs Court Royal Way LouEhborough LelcÈstÈrshlre LEII SXR BANKERS Lloyd5 bank plc Hlgh Street Loughborough Lel¢Èstershlre LEII 2QG PaBe I
EQLIALITY ACTION LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also dlre¢tors of the charity for the purp05e5 of the Companie5 Act 2006. present theSr report with the financial statements of the charity for the yÈar ended 31 March 2024. The trustees have adoptÈd the provisions of Accountlng ad Reporting by Charities.. Ststement of Recommended Prattice applicable to charltle5 preparing their accounis In accordance with the Financial Reporting Standard appllcablÈ In the UK and Republic of Ireland IFRS 1021 leffectivÈ J January 20191. OBJÉCTIVES AND ACTIVITIES Objecllves and alms To wtsrk towards elimlnatlng dlscrlmlnatlon, to promote equallty of opportunlty and good relations between all PEf50n5 in the Boroueh of Charnwood, in the County of Lel¢estershire. The trustees havE paid due re8ard to 8uldance 15sued by the Charlty Cornmisslon In decldlng what activities the charity Should undertake. ACHIEVEMENT AND PERFORMANCE Charltable a¢tivitle5 As a 5trateglc partner of Charnwood Boroueh Ctsuncll, the charlty contlnued to play a major role In prornotlng communlty coheslo by co-ordinating inter-falth and Inter-cultural events Includlng Loughborough Mela. The charity continued to work with like-minded partners. -The charlty'5 FSve-Year Natlonal Lottery Cotnmunity funded prolect IP051tive Mlnds Prolectl ended in December 2023. We applled to build on this work with another 5-year project which was successfully awarded in January 2024. -EmpowHER Piolect is the new 5-year prolect funded by the NatlDnal Lottery Communlty Fund. This will build on the successe5 of the Posltlve Minds Project wlth sorne new targets around young people and enterpr15e as well as a focus on mental and physical health. -The charlty secured a live-year contract with Vita Health to dellver a project on mental health aThd referrals. Thls started in April 2021 and is in Year4. -The charity securÈd fundSng from Awards For All April 2024 for general tasework which will contlnue tlll March 2025. -The charity securÈd some short-term fundlng fr<im the National Grld In January 2024 for 3 months which ended in M8rch 2024 for gonÈr31 Casework. -ThÈ charlty secured fundlng from Lloyds Bank Foundatlon In March 2022 to SUPPDrt our core work, over two y@ars.we ernployed 8 full time Operations Officer from thls grant on a two-year fixed term ctsntract. The funding Ènded in March 2024. The fundlng a150 gave us in-kind consultancy support whlch enabled the charlty to re-vi51t its strategic aims and rnissions, strengthen its safeEuardlng policy and Is worklng on its tnarketing, communlcations and fundralslng in 2023124 with support from e¥tÈrnal ¢onsultants. -The Charlty secured fundlng of £21,740 in June 2022 from NHS Leicester City Cllnlcal Commissioning Group for a project Core 20 Plus Connettors to engage with people on four ¢linleal areas. This funding ended in March 2024. -The tharlty previously secured fundlng of E17,000 from the Ment)l Health & Wellbelng Grant Fund In Aprll 2023 to deliver a befriending scherne. These funds ended March 2024. FINANCIAL REVIEW Flnanclal posltlon The charity has total lund5 carried forward of £261,83712023.. £284,593) rnade up of unrestrl¢ted fund5 of £218,821 12023.. £224,011) and restricted funds of £43,01612023.. £60.5821. The trustees resolve that the charlty rnaintalns unrestrlcted resErves of £50,000, equivalent to two rnonths operational and redundancy reserves as percharlty commlsslon euidellnes. Golng concern Trustees are confident the charity has 5ullicient resources to meet it5 ob5igation to funder5 and clients during 2024- 2025. Page 2
EqUALITY ACTION LTD HEPORT OFTHETfiusTEES FOR THEYEAR EtéDED 31 MARCII 2024 5TRUtIURE. GOVERNANCEAND MANAGEMENT ovinln8 document The chailtyls 8 Eompany Ilffllted by 8uarantp.o.The tharlty's obloGIS arÈ lo worktowaids ellmlnallTrg dlsrrlmlnailon and lo promote equalilv of opportunlly and good relailon5 betwten all pefSOnS In the Borough of Charnwood, the Couniy ol Leltestershlre. The charlly 55 governed by11s Memorand and Arllcle5 ofA55DElation daled 39 Augusi 2008. A&trultmentand appulrjlmentol nEWtrustpe5 The iiu51ee5 whoserved durlnÈthe year were.. R ThorpelTrea5urprl JVlnceTht A5ayed tslnl Hanlf IRpslBnÈd March 2D2Jll Coobbln ZYJ5vI IRe51gned OtlobEr 10231 K Mlslry AAkrat OAdelUtu IRe&lgned luly20241 ) Choudhury (Appolnted Seplember20231 The boaTd Df irusieo5. whlth tan havo UP 10 12 members, 5trlve5 to Focrull tnÈmbErs ablB lo offer skllls appropilète to a CDTllPanY L1rRlted by Gvarantee. Now Iruslee% are Introdured to the workings of the charlly. TIu5tees are encouragEd to Identify trainlh8 DEEds and attEDd appropriate external courses. It admln15ttis the charity pnd mÈets montlily. Theie are 5ub¢ommillee5 PartnByshlpWoTk The charliywork5 In parinershlp wlth stalutOryvo1untary aKencie5 oDdwlth cornmlinitygroups. these Inrlvde Charnwood Borough CouMcI1, The Yrid£È, Cltlien's Advlce Buroau, Llvins Without Abuse, john 5torerCharnwoo(I, Feaion Hals. LouBhbortsDgh Councll of Faiih5 Dihei communlly groups. R15k managemont¥nd ReseNos PollÈy Tlie Iru51ee5 have 355e55ed the major rlskg to whlch the eharlly Is exposed and are satlslled that system5 aro In plate to mltlgate EXP05ure 10 them. A key element In the management ol flnanclal risk 15 the settlnE of a reserves pollcy and 51$ iÈEu13r revlew by IW5tees. Trustee5 have resolved to Ènsure Ihal Iht charliy Is 3blÈ to tontlnue to provlde ill servicEs for 3 perlod of 3t lèast two months In Ihe event of a slgnifi¢aDt proportlon ol oDr IncotllE nor belnE realisod and a1$0, In the event of h3vlnE to COMÈ 10 a close, In OTder lo meet thSebI183tlDI7S, Iht trustee5 h8ve set a mlnlrnumlvvt101 £50.000 lor Ihe charlty'5 free iesÈrve5. DlscloSUfe of InfDrmatloTr lo thè IDdependent examlneT Each of the trustee5 has conllrtnod that ihere Is no Informatlon of whlth they 3re pw8re whlch 15 relevant to the IndepEndent examlnatlon, bul ol wlilch the independent examlner is unawarE. They have fuTthÈr conllrmed Ihat ihey have takEn approprlate siepstoldpntllysuch rplevaDtlnlormallon and io eslab115h that the independent Èxamlner15 awg1È of such Inforfflallon, Th15 lÈPOrt ha5 beon prepared In ac¢ordance with ihe special piovlslDns of Part 15 01 the Comp4nlÈs Atl 2006 rel3tlnB to small Approved by ttrder uf Ihe board of trustee5 On,.... dThd518nEd on lis behalf by.. Rècliel Susan Thorpe-TruslÈÈ Pago 3
INDEPENDENTEXAMINER'S REPORTTOTHETRU5TEES OF EQUALITY ACTION LID l•dependent examiner's rcpDrtto IhetlU51oesof Egu&llly Actlon Ltd I'ihe Company'l I report lo the charfly Iruslees On my examlnwlion ol the accounts olthe Company for tliÈ yearended 31 March 2024. As tIIE Ehailty's Iru5tees of Ihe Comparny lalld also Its directors fvr the puipasE5 of company lawl you are respon51ble lor IhE prepailiion ol the accoiints In aicordance wllh the requlremenls arth CompanltsAct20061'ihe 2006 All'l. HavlTrg sallsllÈd mysell ihht the account5 01 the Company 3rÈ not requlred lo be auditod under Part 16 of the 2W6 Aci and are 145 of the Charllles Act 20111'the 2011 Act'l. In carrySnE out my elamlnallon I have follDwtd the Direttions given by the Cliarity Commlsslon underseciion 145151 Ibl aftho 2011 Att. Independent exÈmlner's statement I have rompleled my examlnallon. I connrm Ihut no matters have CDMÈ to my atlentlon In Ivnnecllon wlth the ex3mlna11on me cause tts belleve.. accouniing records were not kept In re5peci olthe Company35 requlrÈd bysectlon 386 of the 2006Aci,' Dr thÈaccounts do not accordwlth those record5', or the at¢ounls do not romply wilh tho accounting requlrÈmenls of SEcllon 396 of the 2006 Act other than any Fe4ulrernent thattht accountsglve i Ifueand fall vlowwhlch Is nora matter consIderd as pail of an SndÈpendent examlnalloii,. or Ihe accoun15 have not beÈn prepared accordance wlth the methods ènd printlple5 of the Statement ol RÈcomniendÈd Praillce lor accountlng ènd reportlnE by charllles lappllcablE lo charllles prepailng thElr accoun15 in accordanie wllh the I have noconcerns and havecomÈ acfQ55 no other mallelsln tonnettlon wllli the examlnatlon to whlth 3flEntlon shoukl be drawn ID Ihls report Inorder to Èn¥ble a propÈr under51andingol the accounlsto bereached. The Instltutt of chartered Accounlanlsln England and Wales Duncan & Top115 LlmttÈd 3 Prlnce5 Court ftoyal Way Lou8hborouEh LEII 5XR Date.. f710912024 Pa8P
EQUALITY ACTION ITD STATEMENT OF FINANCIALAcfiviTIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH Z024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Note5 INCOME AND ENDOWMENT5 FROM Donation5 and legacles 56,428 69.548 125,976 184,894 Charltable adlvltlÈs VITA Health LCC- Casework Core 20 Connector Casework 83,196 83,196 83,192 4,900 25,754 8,500 8.500 23,400 23.400 Investments other 1,089 1,089 114 435 Total 80,917 161,244 242,161 299,289 EXPÉNDITURE ON Charitable actlvltle5 Promotlon of equality and opportunity Awards for All (IT equipment) Blg Lottery Posltive Minds VITA Health LCC- Casework Rank Apprentice NHS 8rfÈfSng Core 20 Connector Lloyd5 Bank Foundatlon Access lor Justice EmpowHER LLR-ICB Nation31 Grld Casework 41,252 41,252 535 30,124 83,196 547 2.354 12.872 13,695 24,742 10,070 15.963 5,000 5,000 19.566 64,063 1,486 45,443 73,174 8,269 13,446 223 9,127 12,585 18,521 535 30,124 83,196 547 2,354 12.872 13,695 24.742 10,070 15.963 5,000 5,000 19.566 Total 86,107 178,809 264,916 246,337 NET INCOMEIIEXPENDITUAEI 15,1901 117,5651 122.7551 52,952 RECONCIIIATION OF FUNDS Total funds brought forward 224,011 60.582 284,593 231,641 TOTAL FIJNDS CARRIED FORWARD 218.821 43,017 261.838 284,593 The notes form partof these financial staternents Page 5
EqUALITY ACTION LTD IREG15TERED NUMBER.. 041988B91 5TATEMENTOF FINANCIAL POSITION 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restrleted fund5 Note5 FIXED ASSETS Tanglble a55ets 13 88.499 2,469 90.968 91,689 CURRENT ASSET5 Debtors Cash at bank 2nd In hand 14 6,752 132,511 20,799 40.546 27,551 173.057 27,079 238,317 139.263 61,345 200,608 265,396 CREDITORS Amounts falllng due withln one year 15 18,9401 120.7981 129,7381 172,4921 NET CURRENT ASSETS 130.323 40,547 170,870 192.904 TOTAL ASSETS LESS CURRENT LIABILITIES 218,822 43,016 261,838 284.593 NEfASSETS 218,822 43,016 261,838 284,593 FUNDS Unrestricted funds Rest¥i¢ted funds 17 218,822 43.016 224,011 60,582 TOTAL FUNDS 261,838 284,593 The tharitable company is entltled to eKemptlon from auclit under Sectlon 477 01 the Companles Act 2(X)6 for the year Ènded 31 March 2024. The members have not requlred the company to obtaln an audlt of Its financlal statements for the year onded 31 March 2024 In actordance wlth Section 476 of the CompanlÈs Act 2006. ThE trustees ècknowledge thÈir Te5ponslbllltlÈs for Ènsuring that thE charitable company keeps accounting records thai ¢otnply with Sections 386 and 387 of the CornpaniÈs Act 2006 and preparing financial statemÈnts which give a true and fair view of the State of èflalf5 of the charltable company as at the end of ea£h fSn3ncial year and of its surplus or deficit for each financial year In accordance with the requlrÈrnents of Sections 394 3nd 395 and which otherw15e comply wlth the requlrernents of the Compènle5 Act 2006 relatlng to flnanclal statements, so far a5 applicable to the charltable companv. These flnanclal statements have been prepared In ac£Drdance with the provlslons applicablÈ to charltable ¢ompanles subject to the small cornpanles reglme. The financlal statements were approved by the Board ofTru5tees and authorised for issue on. 51gned on Its behalf bv- RachÈl Susan Thorpe-Tru5tee The note5 form part ol these finènclal statemÈnt5 Page 6
EQLIALITY ACTION LTD NOTES TO THE FINANCIALSTATEMENTS FOR THE YÉAR ENDED 31 MARCH 2024 CHARITY INFORMATION ThÈ charity 15 a PrivatÈ Llmited Cornpany by Guarantee Incorporated and reglstered in England and Wales under company nurnber 4198889 and wlth the Charity Commlsslon under number 1088411. ThÈ registered office Is 66 Nottingham Road. Lou8hborough, LeicestershirÈ LEII IEU. The charity changed its name from Human Rights and Equalitie5 Ch3rnwood on 14th February 2017. The nature ol the charity's operatlons and Its princlpal actlvilies 8re 8Sven in the Report of the Trustees on page 2. ACCOUNTING POLICIES Ba51s of preparingthe financlal statements The financial statements of Ihe ¢harltable company, whlch Is a publlc beneflt entity under FR5 102. have been prepared in accordan¢È with the Charitles SORP IFRS 1021'A¢counting and Reportlng by Charltles.. Statement of Recommended PractSce ppllcable to charltles preparing theif accottnts in accordance with the Flnancial Reporting Standard applicable In the UK and Republ1¢ of Ireland IFRS 1021 (effective l January 20191,. Financlal Reporting Standard 102 'The Flnan¢la1 ReportSng Slandard applicable In tho UK and Republ1¢ ol Ireland, the Companie5 Act ZOD6. The financSal statements have been prepared under the hlstorical cost convention. The flnancial statements contaln Informatlon about Equallty Actlon Ltd as an Indlvldual charltable companv. The flnanclèl statements are presented In E Sterling and are rounded to the nearest pound. The charltable comp3ny Is a public benefit entlty as defined by FRSIO2. The golng concern ba515 15 dependent on the charity continulng to receive grant fundlng. The trustee5 are Satisfied that the grant funding is 5uffltlent for the charlty to continue to operate as a Boing concern and Iherelore these accounts have been prepared on a going concern b3sis. The 51EnSflcant accountlne pollcles applled In the preparatlon of these flnanclal 5tatÈments are set out below. These pollcles have been consistently applied to all years presented unless otherwise Stated. Financlal reporting slandard 102- reduced dlsclosure exemptlon5 The ch4rltablÈ company has taken zdvantagÈ of the followlng dlsc105ure exemptlon in prepaTinE those financlal Statements, as permitted by FRS 102'The Flnancial ReportinE Standard applicable in the UK and Republlt Of Ireland,: the rÈqulrements of Se¢tion 7 Statement tsl Cash Flows. Income All Income Is recognised in the Statement ol Flnanclal Actlvltl@s once the charlty has entlt1ement to the funds. It Is probable that the income wlll be received and the amount can be measured rellably. Income fTOtn Eovornrnent and oiher grants 15 re¢ognlsed at falr value when the charlty has entstlernEnt alrer anv performance conditions are mot. it is probable that the income wlll be received and the amount can be measured rellably. 11 entltlement15 nDt met then the5E amounls are dEferd. Expendlture Liabilities are re¢ognlsed as expendSture a5 500n a5 there15 a legal tsr Constructive obllgètlon committing the ¢harlty to that expendlture, it is probable that a transfer of Èconomic beneflts will be reqvired In settlement and thÈ amount ol thE obligation can be measured reliably. Expenditure Ss accounted for on an accruals basis and has been c5a55ified under headinES that aggregate all Cost related to the category. Where Costs cannot be dlrectly attributed to partlcular headings they have been allocated to actlvltles on a basis consistentwlth the use of resources. Tanglble lixed assets Tanglble fSxed assets costlng more than £500 are capltallsed and Included at cost Sncludlng any Incldental expenses on acqulsition. Tangible fixed assets are stated èt C05t less accumulated depreciation and aE¢umulated impalrtnent105ses. Cost includes costs directly attrlbutable to maklng the asset capable of operatlng as Intended. Page 7 contlnued...
EQUALITY ACTION LTD NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Tan8lble fixed assets Depreciation is providÈd on all tangible fixed asset5, ar rate5 calculatÈd to write off the cost. less estlmated resSdual value. of Èach asset on a systematic basis over its expÈcted useful Ilfe a5 follows.. Flxtures and fllting5 Offlce equipment 15% reducing balance 25% reducing bal4nce No depreciation Is provided on the charity's property as it Is the organisatlon's pollcy to maintain th15 50 as to extend It's Taxatlon The charlty Is exempt from corporatlon tax on its ch8rit3ble a¢tlvltle5. The Charlty Is not required to reglster for VAT. All income and expenses Include VATwhere appllcablÈ. Fund actountlng General funds are unrestricted lund5 whlch are available for use at the dls¢retion of the trustees In furtherance of the general objectives of the charity and which have not been deslgnated for other purposes. RÈstrScted funds are fund5 which are to be used In accordance wlth specific rÈ5trictions Imposed by donors OF which have been raised by the charlty for particular purposes. The Cost of raislng and adrninlsterlng such funds are charged against specific fund. The aitn and use of e6ch restricted fund 15 set Dut In the notes to the finantlal statements. Pension costs and other post-retlTement benelits The charltable company operates a dellned contrlbutlon pension scherne. Contrlbution5 payable to the charitable company's PEn51on scheme are charged to the StateTnent of Flnancial Actlvitie5 In the pÈrlod to which they relate. DEbtors and ¢*editor5 recelvable / payable wlihin one year Debtor5 and creditors with no stated Interest ratÈ and receivable or payable wlthln one year a recorded at transaction piice. Any losse5 arising from Impairment ?rÈ reiognised In Èxpenditure. Crltlcal accounting Judgement5 and estlmatlo# uncertalnty In the application of the charitablÈ company's acwunting pollcies, management 15 required to Tnake judgements, estimates and assumptitsns about the ¢aTrying v3luÈ of assets and liabllities that are not readlly apparent from other sourcÈs. The estimates and underlying assumptions are based on historlcal experience and other factors that are ¢on5idered to be relevant. Actual results rnay differfrtsm these estlmates. The Èstlmates and underlylng assumptlons are revlewed on an ongoing basls. Revislons io accountlng Èstlmates are Teco8nised in the period in which the estlmate 15 revised If the revision allect5 only that period. or In the period ol the rÈvislon and future periods If the revlslon affects both current and future perlods. There are no crltl¢al accounting judgements or Èstirnation uncertainty that, In the oplnlon of the trustÈes, will have a materlal effect on the flnancial statements. DONATIONS AND LEGACIES 31.3.24 Total funds 31.3.23 Total funds Unrestrlcted funds Restrlcted funds Donations Glft &ld Grants 9,230 1.743 45,45S 9.230 1.743 115.003 13,681 69,548 171,213 56.428 69.548 12S,976 184,894 PaBe 8 contlnued...
EqUALITY ACTION LTD NOTESTO THE FINANCIALSTATEMENTS- continued FOR THE YÉAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES- contlnued Grants received, ineluded in the above. are 3s follow5: 31.3.24 31.3.23 Lloyds Foundatlon Charnwood Borough Council Big Lottery Posltlve Mind5 Profit For Good NHS Briefing Rank Apprentlce Access for Justice Natlonal Lottery Community Fund- RC Mldlands REglon LLR-IC8 Natlon81 Grid 25.000 20,454 18,118 27,500 35,954 51,562 19.000 20,000 12,197 7.500 33,931 5,000 5,000 115,003 171,213 Included within grants receivable above and under charitable activities are the following amounts.. Charnwood Borough Council StTateEl¢ PartneT5hlp £20,45412023: £20,454). Charnwood Borough Countll ImrnigratlDn Work £NIL12023.. £4,200). Charnwood Borough Countil support Work £NIL12023-. £1,000). BIB Lottery- P05ItlvÈ Minds £18,11812023.. E51,5621. Natlon31 Lottery Community Fund- RC Midlands Region £33,93112023.. £NILI. Incomos from NHS shared Buslness Services contract5 totalling £8.50012023.. £44.7541. Leicester, lelcestershlre & Rutland Integrated Care Board ILLR-ICBI £S.00012023.. £NILI. VITA Healih £B3,19612023.. £83.1921. Whlch are government grants as dellned by the 50RP. INVESTMENT5 31.3.24 Total fund5 31.3.23 Total funds Unrestricted funds Restrf¢ted funds Deposlt account Interest 1,089 1,089 114 Pa8e 9 contlnued...
EqUALITY AcfioN LYD NOTES TO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Actlvlty VITA Health ICC- Casework Core 20 Connector Casework Grant5 Casework income Grants Casework income 83,196 83.192 4.900 25,754 8,500 23.400 115,096 113,846 Grants recelved, includetl In the above, are as follows: 31.3.24 31.3.23 VITA Health Core 20 Connector 83.196 8,500 83,192 25,754 91,696 108,946 CHARITABLE AcfiviTIES COSTS Direct Costs (see note 71 Support costs (see note 81 Totals Promotlon of equallty and opportunity Awards forAII (IT equipmentl Big lottÈry PositivÈ Minds VITA Health LCC- Casework Rank ApprentSce NHS Brlefln8 Core 20 Connector Iloyds Bank Foundation Access forjustice EmpowHER LLR-ICB Natlonal Grld Casework 31.445 535 30.124 83,196 547 2,354 12.872 13,695 24,742 10.070 15,963 s,000 5.000 19,566 9,807 41,252 535 30,124 83.196 547 2.354 12,872 13,695 24,742 10.070 15,963 5,000 s.000 19,566 255,109 9.807 264.916 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.24 31.3.23 Staff costs Rat@5 and wate¥ Insurante Llght and heat Telephone Postage, prlntin8 and statlonery Advert15ing General Direct project expenditure Repairs and malntenance Travel Affiliation Mortgage interest 211,777 369 2,514 1.939 2,989 9,546 189.777 345 3.345 4,524 2,536 17,781 450 613 16,741 1,950 384 133 31 1.997 19,719 1.745 68 98 Carrled forward 252,761 238,610 Page 10 continued...
EQUALITY ACTION LTD NOTESIO THE FINANCIAL STATEMENTS- Contlnued FOR THE YÈAR ENDED 31 MARCH 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES- continued 31.3.24 31.3.23 Brought forward Bank Charges Computer Expenses Depreciatlon 2S2,761 215 1,411 722 238,610 206 1,429 1.200 255.109 241,445 SUPPORT COSTS fjovernance costs Promotlon of equallty and opportunity 9,807 Support costs. intluded in the above, are as follows.. 31.3.24 Promotlon 31.3.23 equallty and opportunltv Total Loss on Sale of tangible fixed as5elS ladependent Exarniners. remuneration 1,241 3,651 9,807 9,807 4,892 NET INCOMEIIEXPENDIWREI NÈt incorne/lÈXpendituI Is stated after chargingllcreditingl- 31.3.24 31.3.23 DeprÈciation- owned a55ets Deficit on dlsposal of flyed assets Operating lease rentals 721 1,200 1,241 635 635 io. INDEPENDENT EXAMINER5, REMUNERATION 31.3.24 31.3.23 Account5 and Independent examlnatlon fees 9,807 3,6SI Pagell ¢ontlnued...
EQUALITY ACTION LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 ii. TRUSTEES, REMLINEFi4TION AND BENEFITS There were no trustee5' romuner3tlon or other benefits for the year ended 31 March 2024 nor for the yÈèr ended 31 March 2023. Trustees, expenses There were no trustees, expen5e5 paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS Iz. 31.3.24 31.3.23 Wages and salarles 5o¢lal 5ecurlty cost5 Other penslon cost5 199,116 9.541 3.120 178,375 8,478 2,924 211,777 189,777 Included wlthln wage5 and salaries above is £4,70912023.. £NILI in respect of redundanry payments. These amounts were paid out In respect ol two ro1È5 which becarne redundant at the completlon of the Blg Lotlery Positive Mlads project in December 2023. The total employment benefits of the key management personnel of the charltywere £41,70012023- £38,366). The average rnonthly nurnber of Èmployees durSng the yÈarwas 8s follows.. Charitable aclivlties Management and administratlon Trustees 31.3.24 io 31.3.23 io li li 22 22 No employees recelved ernoluments in excess of E60,(K)O. 13. TANGIBLE FIXED ASSETS Flxtures and flttlngs Land & buildings Offlce equlpment Totals COST At l April 2023 and 31 Mar¢h 2024 124,379 3,407 900 128,686 OEPRECIATION At l April 2023 Charge for year 35.879 983 605 135 116 36,997 721 At 31 March 2024 35,879 1,588 251 37,718 NETBOOKVALUE At 31 March 2024 88,500 1,819 649 90,968 At 31 March 2023 88,500 2,424 765 91,689 Although there may be considerable difference between the CarrYng value and rnarket value of the land and buildings the trustees do not consider It to be a practScable exert15e to havÈ the propÈrty revalued each year. PaKe 12 contlnued...
EQUALITY ACTION LTO NOTES TO THE FINANCIALSTATEMENTS- contlnued FORIHE YEAR ENDED 31 MAHCH 2024 14. DEBTOR5.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued Income 27,349 202 25,699 1.380 27,551 27,079 Is. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Soclal securSty and other taxes Other credltors Accruals DefeTred Income 5,009 3,821 532 4,222 63.917 3,930 20.799 29,738 72,492 Deferred Income 2024 2023 DÈferred income Is included wlthln.. Credltors due within one year 20,799 63,917 20,799 63,917 The movement deferred Incorne durlng the year was as follows.. Grants reeelved.. Total deferred Income at l Aprll 2023 Amounts received In year Amounts credltod to statement of financlal a¢tlvltles 63,917 163,581 1206,6991 36,121 307,955 1280.1591 20,799 63,917 Income from Erants recelved has been deferred where tlme rÈSaied performance conditlons have not been met. 16. LEASING AGREEMENTS Mlnlmum lease payments under non-cancellable operatlng leases f311 due as follows.. 31.3.24 31.3.23 Within one year 635 635 Page 13 contlnued...
EQUALITY ACTION LTD NOTES TO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENTIN FUNDS Net movement In funds At 31.3.24 At 1.4.23 Unre5t¥lrted funds Gener81 fund Lloyd5 Bank Found3tion 211,595 12,416 15,4461 257 206.149 12,673 224.011 Restricted funds Awards forAII Blg Lottery Fund Positive Mlnd5 Rank Apprentlce Gold Award NHS Brieflng Core 20 Connector Access for Justice National Lottery Communlty Fund- RC Midlands Region 15,1891 218,822 2.451 12,006 6,554 12,873 16,628 10.070 15361 112,0061 5.146 112.8731 15.1951 110,0701 1.915 11.700 11,433 17,968 17.968 60,582 117,5661 43.016 TOTAL FUNDS 284,593 122,7551 261.838 Net movement In funds, Included In thÈ above are as follow5.. Incornlng resource5 Resourtes expended Movement Sn fund5 Unie5trlcted fund5 General fund Lloyds Bank Ftsunijation 55.918 24,999 161,3641 124.7421 15.4461 257 80.917 Restricted fund$ Awards for All Big Lottery Fund Positive MSnd5 VITA Health RankApprentice Gold Award NHS Briefing Core 20 Connector Ac¢e55 for Justice LLR- ICB National Lottery Communlty Fund- RC Mldland5 Region National Grld 186,1061 15.1891 15361 130,1241 183,1961 12.3541 112.8731 113,6951 110,0701 15,0001 15361 112,0061 18,118 83,196 7,500 5,146 112,8731 15,1951 110,0701 8,500 5.000 33,930 5,000 115,9621 15,0001 17.968 161,244 1178,8101 117,5651 TOTAL FUNDS 242,161 1264,9161 122,7551 Pa8e 14 contlnued...
EQUALIIV ACTION LTD NOTESTO THE FINANCIALSYATEMENTS. contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- continued Comparatlves for movement funds Net movement In lund5 TransfeT5 between fund5 year adjustrnent At 31.3.23 At 1.4.22 Uvreslrlcied fuThds General fund Lloyd5 Bank Foundation 136,148 61,707 1,356 12,416 12,384 211.59S 12,416 136,148 61,707 13,772 12.384 224.011 Restricted funds Awards forAII The Good ThlnES Foundation BIE Lottery Fund Positive Mlnds National Lottery Beyond Lockdown Project VITA Health Good Thlngs Foundation Census Tlme to Shine Leadershlp Programme Tech For Schools LCC- Casework Rank Apprentl¢e Gold Award NHS Brlefing Core 20 Connector Rank Foundatlon Profit For Good Acces5 for Justlce 12,289 16541 15.8371 654 11.4851 12.5161 2.451 2,179 3,708 6,119 12,006 2,917 23,849 12,9171 122,1071 110,7781 9,036 6,156 16,1561 10,130 3.100 13,8341 110,1301 13,1001 12,8561 6.690 6,554 16,777 16.628 6.554 12,873 16.628 13,9041 10,000 122,9661 5,000 16,3251 115.0001 39.361 10.070 95,493 161,7071 39.180 112.3841 60.582 TOTAL FUNDS 231,641 52,952 284.593 Page 15 continued...
EQIJALITY ACTION LTD NOTE5 TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- contlnued Comparatlve net movement In lund5, included in the above aro a5 follows.. Incorning resources Resources expended Movement In funds Unrestrlcted fund5 General fund Lloyds Bank Foundation 65,419 25,001 164.0631 112.5851 1.356 12.416 90,420 176,6481 Ae5tricted funds Awards for All Big Lottery Fund Positive Mlnd5 VITA Health LCC- Casework RankApprentlte Gold Award NH5 Brlefin8 Core 20 Connector Rank Foundation Profit For Good Access forjustice 13,772 11,4861 145,4431 173,1741 18.2691 113,4461 12231 19.1271 11,4851 6.119 110,7781 6.690 6.554 16,777 16,628 5,000 16.3251 51,562 62,396 J4,959 20,000 17,000 25,755 5,000 12,196 118.5211 208,869 1169,6891 39,180 TOTAL FUNDS 299,289 246.3371 S2.952 Lloyd5 Bank Foundatlon was funding received In March 2022 to support our core work, over two years. We employed a full tlme Operatlons Offlcerlrom thls grant on a two-year flxed term contratt. The fundlng Ènded In March 2024. Awards forAII is fundlng for the pur£h)se of computÈr equlpment. The Blg Lottery Posltlve Mlnds Grant Is a 5 year Blg Lottery prolect In ralsing awarenes5 and offerlnE support for mental health issues to BAME people. The Access for Justice Leadership project is funding for casÈwork, runnlng expenses. debt training and executive officer salary1£2,500I for leadership trainlng and external tonsultants. Rank Apprentice Gold Award is fundSng from the Rank Foundatlon lor a youth project inspired by"The Apprentlce helping youne people with enterprlse. The VITA Health fund an agreement wlth NHS England to as51st the BAME communlty wlth support toward5 healthy Ilvlng. Natlonal Lottery Communlty Fund- RC Midland5 Region Is funding for the 'EmpowHer" project whlch 15 a 5 year prolect which aims to a551St young people in enterprisE, as well as focusing on mentÈl 4nd physical health. NH5 Brlefing is funding Irotn East Leicestershire Clinical Comrni55ioning fjroup ICCGI towards a befriendlng project oflerlng one to one support IOT the BAME community acr055 Charnwood. Core 20 Connector Is fundlng frotn the NH5 for a programme worklng towards IdentlfylnE and reduclng healthcare inequalStles across dlfferent communltSe5. LLR ICB is fundlng frorn the LeicÈ5ter, Leicestershlre and Rutland Integrated Care Board toward5 addresslng care Inequalities acr0$5 dlfferent communities. National Grid wa5 a three month grant recelved for January to March 2024 to assist In the running ol the charity's operotlon5. Page 16 contlnued...
EQUALITY ACTION LTD N07ESTO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAH ENDED 31 MARCH 2024 18. RELATED PARTY DISCLOSURES Dur(ng the year the ch3rity recelved donations tota111ng É5,00012023.. ENILI from truslee5 and related parties. These were re¢eived without Festrittlon or condition. There were no related party transactions identifled that require dTrsclosure lor the year ended 31st March 2023. PagÈ 17
EQUALITY ACTION LTD DETAIIED STATEMENYOF FINANCIALA1VITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and legacles Donatlons Gift aid Grants 9.230 1,743 115.003 13,681 171,213 125,976 184,894 InvestmÈnts Deposit account interest 1,089 114 Charltable actlvlties Casework income Grants 23.400 91,696 4,900 108.946 115,096 113,846 Other Other Income 435 Total Incomlng re50vrces 242,161 299,289 EXPENDITURE Charllable actlvltles Wages 5oclal 5ecurlty Pensions Rate5 and water In5ur8n¢e Light and heat Telephone Postage. prlntlng and statlDnery AdvÈrtlsSng General Dlrect project exptrnditure Rep3irs and rnaintenance Travel Affiliation Mortgage intÈrest Bank charges Computer Expenses Computer equipment 199,116 9.541 3,120 369 2,514 1,939 2.989 9,546 178.375 8,478 2.924 345 3.345 4,524 2.536 17,781 450 613 16,741 1,950 384 133 31 206 1,429 1,200 1,997 19.719 1,745 65 98 215 1,411 722 255.109 241,445 Support costs Flnance Loss on sale of tanglble fixed asset5 1,241 Governance costs Independent Examiners, remuneratlon 9,807 3,651 Thls page does not form part ol the statutory financial staternent5 Page 18
EQUALITY AcfioN LTD DETAIIED STATEMENT OF FINANCIALAcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 Tot31 resources expended 264,916 246,337 Npt lexpendlturelllncome 122.7551 52,952 This page doe5 not form part ol the statutory financial st3tements Page 19