REGISTERED COMPANY NUM8ER: 04198889 IEn8land and Wales) REGISTERED CHARITY NUMBER: 1088411 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2025 FOR EQUALITY ACTION LTD Duncan & Toplis Limited 3 Prlnces Court Royal Way Loughborough Leicestershire LEII 5XR EQUALITY AcfioN LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Reference and Administrative Details Report of the Trustees Independent Examlner's Report Statement of Financial Activities Statement of Flnancial Position Notes to the Finan¢ial Statement5 7 to 16 EQUALifi AcfioN ITD REFERENCE ANO ADNINISTAATIVE DEfAILS FOR THE YEAR ENDED 31 MARCH 2Q25 TRusfEES Geetha Bal&¢ubramanlam Emlly KelBhtley (Vlce-chalr) Ireslgned 18.9.241 Rachel Sm￿n Thorpe (Tieasurerl Jlll Vlncent Charles Dobbln Klrlt Mlstry Ireslgned 13.1.251 Ablda Akram 05amudlame Adetutu Ire518ned 7.7.241 Ben Srnlth Yasmin All-Hlnd {appolnted 18.9.241 011shad Choudhury lappolntEd Vke4halr 18.9.241 COMPANYSECREfARY Varsha Parmar REGISTERED OFFICE 66 Nottlngham Road Lots¥hborouBh ielcestershlre LEII IEU REGISTERED COMPANYNUMBER 04198889 IEn8land and Wales) AEGISTERED CHARrtYNUMBER 1088411 INDEPENDENT EXAMINER Duncan & Toplls Llmlted 3 Prlnces Court Royal Way Loughborov Lelcestershlre LE115XR BANKERS Lloyds bank pl Hlgh Street LouBhborough Lelcestershlre LEII 2QG PaKe I EQUALifiAcfioN LTD REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who Bre also director5 of the charlty for the purpose5 of the Cornpanle5 Art 2006, present thelr report wlth the fin3nC131 statements Df the tharity for the year ended 31 March 2025. The trusteos have adopted the Provlslons of Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charltie5 preparing their accounts In accordance wlth the Financial Reporting Standard appllcable In the UK and Republlc ol Ireland IFR5 1021 leffectlve l January 20191. OBJEcfivES AND AcfiviTIES Objectives and aims ro work towards ellrnlnatlnE d15crlrnlnatlon, to promote equality of opportunlty and good relations between all persons in the Borough of Charnwood, In the County of Leicestershire. rhe trusteés have paid due rÈgard to guidante Issued by the Charlty Cornmis51on In decldlng what activities the charity should undertake. ACHIEVEMENTS AND PEAFORMANCE Charltable activities As a strategic partner of Charnwood Borough Council, the £harSty continues to play a major role In servlng thè people In Chainwood Ip3rt1cularty those faclng barrlers to aCCe￿Ing mainstream seNicesl and pramoting ¢ammunity cohe51on by co-ordinatlftg inter-falth and inler-cvltLJral events includin8 Lou8hborou8h Mela. The charlty contlnued to work wilh like-minded partners. .EmFA)wHer Project is the S-year project funded by the National Lottery Community Fund whlch started in lan 2024. This builds on rhe successes of previous work with new targets around young people and enterprise as well as a focus c*n mental and physical health. It15 in year 2 Df delivery. -our five-year contract wlth Vita Health to delwer a project on mental health and referrals Is in the flnal ye3r of the current contract. We are workSng with the funders to explore contlnuation ol this much needed work. -The charity secured fundlng from Awards For All April 2024 for general casework which will continue till March 2026. -The charity ha5 applipd to the Lloyds Bank Foundation In April 2025. The applicatlon Is for 3 years and will support our core worklsucce5slon plannlng. We are awaiting their decision. FINANCIAL REVIEW Financial posltion The charity has total funds tarrted forward of E237,025 12024.. £261,838) made up of unrestflcted funds of E198,852 12024.. E218,8221 and re5trirted lund5 oFE38,17312024.. £43,016). The trustees resolve that the charity m31rit3ins uThreslr5cted reseryes of £50.000, e4ulvalent lo two rnonths operation31 3nd redundancy reserves as per charity commission guidelines. fjoinK concern TrustÈes are confident the charity has sufficlent resources to meet Its obllgatlon to Funders and cllents durlng 2025 2026. STAUCtURL GOVERNANCE AND MANAGEMENT Governlng document The charfty 15 a company Ilmited by guarantee. The charlty's oblects are to work towards elimlnatlThg discrSmlnatlon and to promote equallty ol opportunlty and good relatlons between all persons in the Borough of Charnwood, in the County of Lelcestershire. The charltyls Roverned by Its Mèmorandum and Articles of AssoclatSon dated 19 August 2008. Page 2 EqUAiifiACTION LTD AEPORTOFTHE fRusfEES FOR THE YEAR ENDE031 MARCH 2025 STRucllJR¢ GOVERNANCE AND MANAGEMENT Rtcrultment and appolntm&nt of new trustees The trustee5 who served durlng the yearwere: G BalasubFamanlam Ichalrl E Kel8hdey Ivtce-chalrl IResl8ned 18.9.241 R Thorpe (Treasurer) J Vlncent C Dobbln K M15try IRes18ned 13.1.25) A Akram O Adetutu IResl2ned 7.7.241 B 5mtth Y A1￿H1nd IAppdnted 18.9,241 D Choudhury (appointed Vl¢e-Chalr 18.9.241 The board of trustees. whlch can have up to 12 member5. Stilves to recrult members able to tfftr skllls approprlate to i Compary Llmlted by Guarantee. New trustee5 are Introduced to the workkn8s of the charfty. Trustees are encouraged to Identlfy tralrdr needs and attend approprlate extemal courses. ￿ admtn15ter5 the charlty and meets monthly. There are subcommtttees. respon51ble formembershlpi personnel. flnance and property, marketln8 and publldty. Partnershlp Work The charlty works In partneishlp wlth ststutory, voluntsry age￿Ie$ /nd wlth communlty groups these Indude Charnwoc*J Boroulh Coundl, The Brldge, Cltlzen's AdvFce 8ureau, l￿*1￿% WItE￿￿t Abuse, John StOTer Charnwood, Fearon Hall, Loughborough Coundl of Falths and other communlty8roup R15k management and Reserw Polkv The trusteo have assEssed the maJiJr rlsks to whlch the charlty 15 exposed and are 5atlsfled that Systems are In place to mlt*te oxpwure to them. A key element In the management of flnanclal rtsk [5 the settins of a reserYe5 ponty and Its re8ulor rEview by trustee& TNstees havq resotved to ensure that the charlty Is able to contlnue to provlde all 5eiYlce5 for a period of at least two months In tho event of a sl8nlficant proportlon of our Intome not belng reaI5ed and also, kn the event of havFng to come to a close, 5ufflclentfvndsto meet all tts obl￿tIon￿ In order to meet these obllgatlons, the trustees have set a mlnlmum Iwel of £50,000 forthe chartty's free reserves. Ixsclosure of Informatlon tr)the Indepèndent ex¥mlner Eath of the trustees has tonflrmed that there 15 no Infom?atlon of whlch they are aware whlch Is relevant to the Indep*ndent examlnation, but of whlch the Independent examlner Is unaware. They have further conflrmed that they have taken appropriate steps to identlfy such relevant Inlofmatlon and toestabllsh th3t the Independentexamlner Is aware of such Informatlon. Thls report has been prepared In a¢ccrdante w￿h the sped?1 provlslons of Part 15 of the Companles Att 20L16 relattng to small mpanles. Approvèd by order of the board of trustees on.-.... . *nd signed on Its behalf bv.. Rachel 5us•n Thorpe- Trustee Page 3 INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF EqUAIITY AcriaN LTD Indeper￿ent exarniner'5 report to the trustEe5 of Equalhty Artlon Ltd I'the Cornp3nv'l I report to the charlry trustees on my examlnation of the accoun15 of the Company lor the year ended 31 March 2025. Responsibilities and basls of report As the charity'5 trustees ol the Company land also its directors for the purposes of company lawl you are respon51ble for the preparallon of the accounts in atcofdante with the requlremenls of the Companies Act 20061'the 2006 Act'l. HavlTh8 satisfied rny5elf that the accounts ol the Company are not required to be audited under Part 16 of the 2036 Act and are eliBible lor independent eKaminatlon. I report in respect of my examlnation of your charlty's account5 as carrled out under Section 145 of the Charltle5 Att 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity ComTni55ion under 5ectlon 145151 Ibl of the 2011 Act. Independent exarnlner's statement I have completed my exarninatlon. I conf*rrn that no matters have come to my attention sn tonnection wlth the ?xaminatlon glving me ¢ause to believe.. accountirnÉ records were not kept In respect of the Company as requlred by Section 386 of the 2006 Act,. or the accourbti do noi atcord with those records,, or the accounts do not cotnply wlth the accauntlng requirements of Section 396 of the 2006 Act other than any requirernent that the accounts glve a true and fair view whlch is not a matter considered as part ol an Independent eKamin3lion.' or the account5 have not been prepared in accordance wlth the methods and prlnclples of the State￿ent of Rerommended Practlce lor accounting and reportlng by charlties (applicable to charities preparin8 their accounts In accordance with the Financial Aeportlng Standard appllcable In the UK and Republlc ol Ireland (FR5 10211- I have no concerns and have come acr055 no other matters In connectlon with ihe examlnatlon to which attentlon should be drawn In thls report In order to enable a proper understanding of the accounts to be reached. Niall Klngsley IFCAI The Institute oFChartered Accountants in En8land and Wales Duncan & Toplls Llmlted 3 Princes CaLtrt Royal Way LouEhborouEh Leicestershire LEII 5XA Date.. 2510912025 Page 4 EQUALITY A￿[oN LTD sfA7EMENT OF FINANCIALACTWITIES IINCORPORATING AN INCOME AND W(PENDITUREACtOUNY) FOR THE YEAR ENDED YI MARCH 2025 2025 Total funds 2024 Total fvnds Llnrestricted funrls Restrfrted funds Ntstes INCOME AND ENDOWMEhlTS FROM Donatlon5 and legacle5 23.779 88￿09 112,288 125,976 Ch*ritsblo artIv￿+S VITA Health CoTr 20 Connector Casework 83,196 83,196 83.196 4500 23,400 20,462 20,462 Investments 3,089 3.089 Tot?1 47?30 171,705 219,035 242,161 EXPENDITURE ON Charltable artfvltles Pnxnotlon of equallty and opportunlty AwardsforAII- IT Equlpment Bl8 Lottery POSIt￿ Mlnds VITA H¥dlth LCC- Casework RankApprentlce NHS Brlefing Core 20 Connertor Lloyd5 8ank Fourbdatlon ce55 forjuS￿ce EmpowHER LLR-ICB Natlonal Grld Casewoik Awards for All- Cost of ijvt 36￿8 3Ig48 414 41,252 535 30A24 83,196 547 2354 I2￿72 13.695 24.742 10,070 15.963 s,000 5,000 19,566 414 83.196 83.196 7,S(XJ 7,500 IL433 IIA33 11673 IL673 64,005 17.679 17,679 10,000 Totrl 67,300 176,548 243A48 264,916 NEf INCOME/IEXPENDfwREI {19,9701 14,8431 124,8131 1217551 REcoNauATION OF FUNDS Total fund5 broughtfonvBrd 218.822 45,016 261,838 284,593 TOTAL FUNDS CARRIEDFORWARD I95￿52 38,173 237,025 261,838 The rwtes form part of these flnandal statements Page 5 EQUALITY AcfioN LTD (REGISTERED NUMBER,. 041988891 STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 2025 Total funds 2024 Total funds UnrÈstrltted funds Re5tflcted funds Notes FIXED A55ETS Tallglble a55ets 13 88,499 1,917 90,416 90.968 CURRENT ASSFrs Debtors Cash at bank and In hand 14 644 113,884 113 56,942 757 170.826 27,551 173.057 114,528 57,055 171,583 200,608 CREDITORS Amounts lalllng due wlthln one year 15 14,1751 120,7991 124,9741 129,7381 NET CURREhlT AS5Ers 110.353 36,256 146,609 170,870 TOTAL ASSETS LESS CURRENT LIABILITIES 198,852 38,173 237,025 261,838 NET ASSETS 198.852 38.173 237.025 261.838 FUND5 Lfnre5tricted fvnds Restrlcted funds 17 198.852 38,173 218,822 43,016 TOTAL FUNDS 237,025 261,838 The charitable company 15 entitled to exernption fyom audit under SectSon 477 01 the Companles Act 2006 for the year ended 31 March 2025. The mernbers have not required the company to c*btain an atjdit of its financlal statements for thè year ended 31 March 2025 in accordance wlth Sectlon 476 01 the Companies Act 2QO6. The trustees a¢knowled8e thelr respohsibllltles for ensuring that the charitable cornpany keeps accountin8 records that comply with Sectlons 386 and 387 of the Companle5 Act 2006 and preparinB financial stateThenls whlch give a Irue and fair view of the 5rate of affalrs ol the charltable company as at the end of each financial year and of its surplus or deficit lor each finanEial year in accordanc2 with the requireffleDt5 01 Section5 394 and 395 and which otherwise comply with the requlrements of the Companies Art 2006 relating to financi31 statements, so far as applicable to the charitable tompanv. Ibl These financial slalements have been prepared in accordance with the provlslons applicable to charltable companles subject to the small companies re8ime. rhe flnanclal staiements were approved by the Board of Trustees and aulhorlsed for Issue on were Signed on it5 behall by.. achel Susan Thorpe- Trustee The note5 form part of these ffnandal statements PaEe 6 EQUALITY AcfioN LTD NOTES TO THE FINANCIAL STATEMENYS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY INFORMATION The chadty Is a Prlvate Umlted Company by Guarantee incorporated and ￿gIstered in England and Wale5 uThJer company number 4198889 and wlth the Charlt¥ Commbslon under number 108841L The regEstered office 15 66 Nottlfi8ham Road, Loughborough, Lelcestershlre LEII IEU. The charlty changed Its name from Human Rlghts and Equalldes Charnwood on 14th February2017. The nature of the charftvs operatlons and Its priftcip81 actlvitles are 8lven In the Report of the Trustees on pale 2. ACCOUNTING POLiaES as15 gf preparln8the flnanclal statements The financial ststements of the tharltable companyj whkh 15 a publlc benefit entlty under FRS 102, have been prepared In accordance wlth the charitle5 50RP IFRS 1021 'Accountlng and Reportln8 by Charltles.. Statement of Recommended Prartice appllcable to charltles prepartn8 thelr accounts In accordance wlth the Flnanclal Rep¢xtlng Standard applIca￿e In the UK and Republlc of Ireland IFR5 1021 leffettlve l January 20191,, Flnandal Report1￿ Standard 102 'Th& Flnanclal Repgrtln8 Stsndard appllcable In the UK and Republlc of Ireland, and th* Compan￿3 Att 2006. The Itnahdal stattments have been prepared underthe hlstorkal ¢05t convenllon. 7he ftnanclal statements contaln Informatlon about Equaltty Artlon Ltd as an Indlvklual charltable company. The finanrlal statements are pre5entsd In £ Sterlln88nd are rounded to the nearest pound. The char￿able company Is a publlc beneflt en￿ as defined by FRSIO2. The 8olng Concern basls Is dependent on the charfty contlnulng to re￿1Ve grant fundln& The trustees are sattsfted that the gTrnt fundlng15 sufflclent for the chartty to ctrntlnue to operate as a golng concem and therèftsre these accounts have been prepared on a gDlng concern basls. The 51gnlncant accountkng pollcles applled In the Preparatlun of these flnandal ststements are set out below. These pollcles have been ¢on$15tently applled to all year5 presented unless Othenvlse ststed. Flnandal reportlngstandard 102-¥educed dkclosur• éxemptlans The charltsble company has tsken advantage of the followlnff d15Ctosure exemptlon In preparlng these flnandal statsments, a5 permltted by FRS 102 The Flnandal Repjrtlng Standard appllrable In the UK and Republic of Ireland,: the requlrements of Sectlon 7 Statement of Cash Flows. Income All Income Is rLrognlsed In the St4tement of Flnanclal Artivltle5 Once the chadty has entttkment to the funds It ts probable thatthe InGome wlll be received andthe amount can be measured rellably. Income from govemment and other Krants Is ieto8nlsed at falr Wdlut when the charlty ha5 entitlement after any performance condltlon5 are met It Is probable that the Income wlll be recelved and the amount can be measured fellabty. If entStlement Is not metthenthese amounts are deferied. ExpÈndltur• Llabllltles are recognlsed as ￿PendIture as soon as there Is a legal or constructlve obligitlon commlttlng the charfty to that expendltuie, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obll8atlon can be measured rellably. ExpendItU￿ L% accounted far on an accruals ba$15 And has been d?55lfied under headlngs that a88regate all wst related to the cate8ffj, Where costs cannot be dIreCt￿ attrlbuted to partlcular headin8S they have been allocated to actlvttles on a basls Conslstert vAth the use of resources. Tattxlbleflxed assets Tan8lble flxed assets c05tlng more than £500 Jre capltallsed and Induded ot cost Indudln¥ any Incld¢ntal expenses on acqulsltlon. ranilble flxed assets are stated at cost less accumulated depreciatlon and accumulated IMp￿rment losse& Cost Indud Costs dlrertly attrlbutable to makln8 the asset capable of operatlr78 a5 Intended. Page 7 ontlnued... EQUALifi AcfioN LTD NOTES TO THE FINANCIAL STATEMENT5- continuod FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnued Tanglble fixed a55et5 Depreciatlon Is provided on all tangible fixed assets, at rates calculated ￿ wiite off the c05t, less estlm2ted resldual value, of each asset on a systematic basis over its expected useful life as follows: FI￿￿reS and fSttings Office equipment IS% reducbng balance 25% reduclng balance No depreciatSon Is provlded on the charity's property as It is the organ15ation's policy to malntain thls so 35 to Èxtend It's useful life. Taxation The charSty is exempt from corporation tax on Sts charitable activltie5, The Charlty Is not required to register for VAT. All incorne and expense5 in11￿de VAT where appllcable. Fund accounting General Funds are unrestricted lund5 which are available for use at the discretion of the trustees In Iltrtherance of the general objective5 of the charity and which have not been designated For other purp05eS. Restrirted ftsnds are funds which are to be used in accordance with specific restrictions imposed by dcinors or whlch have been raised by the charity loi particular purposes. The cost of raislr$8 and administerlng such funds a￿ ¢harged agaln5E specific fund. The aim and use of each reqtritted fund is set out In the notes to rhe financial ststements. Penslon costs and other post-retirement beneflts The charitable company operates a defined contrlbutlon pension stherne. Contrlbutlon5 payable to the charitable company's pen51on scheme are ch3rBed to the Statement of Financial Activlties In the perlod to which they relate, Debtors and crediturs recelvable I payable wlthln one year Debtor5 and creditois with no stated interest rate and receivable or payable within one year are iecorded at tran5attlon pr1￿. Any1055es ar15ing from Impalrment are recognised in expenditure. Crltlcal accountlnÈludgements and estlrnation uncertainry In the application of the chafltable company's accounting wlities, management 15 requlred to make lud8ements, estlmafes nd assumptions about the carrylng value of assets and liabillties that are not readily apparent from other source5. estim3tes and underlyinE assumptions are based on hlstorlcal experience and other factors that ale considered to be relevant. Artual result5 may differ from these estimate5. The e5tirnates and underlylng as5UrnPtlons are reviewed on an ongoing basis. Aevislons to accounting EslrJnates are iecognised In the perlod in which the estimate is revised if the revision affe¢ts only that period. or in the period ol the revislon anij future peilods If the revision affects both current and future periods. There are no uitical accountiri8 judgement5 or estimation uncertainty that, in the opinion ol the trustees, w511 have a materlal effect on the financial statement5. DONATION5AND LEGACIES 2025 Total funds 2024 Total funds Unre5trlcted funds Re5trlcted funds DDnatlOH5 Glft aid Grants 3,325 3.325 9,230 1,743 115.003 20,454 88.509 108,963 23,779 88,509 112,288 125,976 Pa8e B contlnued... EqUAL17Y AcfioN LTD NOTES TOTHE FINANCIAL STATEMENT5- ¢onllnued FOR THE YEAR ENDED 31 MARCH Z025 DONATIONS AND LEGACIES- conttnued Grants racelved, Induded In the above, Ire ès follows: 2025 2024 Uoyds Foundallon Charnwood Borough Councll BIB IDttery Posltlvt Mlnd5 Rank Apprentlce Natlonal LotteryCompThinlty Fund- RC Mldlands Reglon LLR-ICB N*lon31 Grld Awaids forAII- Costof Llvln8 25,000 20,454 18,118 7,500 33,931 5,000 5,000 20,454 68,S09 20,OCK) 108,963 115,003 Induded wlthln grants reolvable above and under ¢harltable artlvitles are thefollowln8 amounts.. Charnwood Borou8h Councll Strateglc Partnershlp £20,45412024.. £20,454). Blg Lottery- Posltlve Mlnd5 £NIL:12024: E18.1181. Natlonal Lottery Communlty Fund- RC Mldland5 Reglon £68,S0912024.. £33.9311. Incomes from NH5 Shared BLt51ness Servlces contracts totalling £NIL12024: £8.51J)I. Letcester, Lelcestershlre & Rutland Integrated Care Board ILLR-ICBI £NILI2024.. £5.0001. MTA Health £8a.196 {2024; £83.1961. Awards forAlk Cost DI Uvlng £20,OLX)12024: £NILI. Whlth alè 8overnment iraxts as d￿ft#d by the SORP. INVESTMENTS 2025 Total funds 2024 Totsl funds Unrestrlcted funds R?strlrted funds Deposlt account Intsre5t 3.089 3,089 1,089 Page 9 conllnued... EQUAIITY AcfioN LTD NOTES TO THE FINANCIAL STATEMENTS- cantinued FOR THEYEAR ENDED 31 MARCH 2025 IPICOME FROM CHARITABLE AcfiviTIES 2025 2024 Actlvity VITA Hea5ih Core 20 Connector Casework Grants Grants Casework Income 83,196 83.196 8,500 23,400 20,462 103,658 115,096 Grants recèlved. Includèd In the above, are as follows,, 2025 2024 VITA Health Core 20 Connertor 83,196 83,196 8,500 83,196 91.696 CHARITABLE AcfiviTIES COSTS Dirett Costs (see note 71 Support costs (see note 81 Totals Prornotlon of equality and opportunity Award5 for All- IT Eguiprnent VITA Health Rank ApprÈntice Core 20 Connertor Lloyds Bank Foundatlon EmpowHER Casework Awards for All- Cost of Livlng 32,910 414 83,196 7,SOO 11,433 12,673 64,005 17,679 10,000 4,038 36,948 414 83,196 7,500 11,433 12.673 64.005 17.679 10,000 239.810 4,038 243.848 DIRE￿ COSTS OF CHARITABLE A￿1VITIEs 2025 2024 Staff costs Rates and water Insurance Li8ht and heat Telephone Postage, prlnting and statlonery General DlreLt prolert eypendlture Repairs and maintenance Travel Affiliation Bènk charges CompLbter Expen5P5 Depreclatlon 198,104 320 2,405 4,017 3,608 3,730 1.603 19,966 1,231 35 480 313 3,445 553 211,777 369 2.514 1,939 2,989 9,546 1,997 19.719 1,745 68 98 215 1,411 722 239,810 255,109 Page 10 conttnued... EQUALITY AcfioN LTD NOTES TO THE FINANCIALSTATEMENTS- ¢ontlnued FOR THE VEAR ENDED 31 MARCH 2025 SUPPORTCOSTS Governan costs Promotlon of equallty and opptsrtuntty 4,038 Support Costs. Included In the above. are as *ollows: 2025 Promotion of e4vallty and opportLFnlty 2024 Totsl activltles Independent Examlners, remunorallon 9.807 INCOME1(￿PEND1TuREl Net Sncomellexpendlturel Is stated after char8lnyJlttedltlngl: 2025 2024 Depre¢latlon-own￿l as*ts Qperatln8 lease rentals 552 711 635 INDEPENDENTEXAMINERS. REMUNERATION 2025 2024 Attaunts and Indeper)dent examlnètlon fees 4.(B8 9￿07 ii. TRUSTEES, REMUNERATION AND BENEHTS There were no tTustee5' remuneratlon or other benefits for the year ended 31 March 2025 nor for th• year ended 31 March 2024. Tru4t•as' •xpense$ There were no tntstoe5' expense5 pald forthe yearended 31 March 2025 nor forthe year ended 31 March 1024. Iz. STAFF COST5 2025 2024 Wale5 and salarles Social securlty io5ts Other pen51on costs 184,901 9,980 3223 199,116 9,541 3.120 198,104 21l777 Included wlthln wages arKI salarles above Is £NIL12024: £4,709) In respert of redundancy payments. These amounts were pild out In respect of roles whkh became red￿r￿ant at the completion of the 81g Lottery PosStlve Mlnd5 project In December 2023, The total employment benetlts olthe key management personnel of charltywere £48,3S812024. E41,7001. Pa8e 11 ontlnued,.. EQUALITY AcfioN LTD NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2025 ii. STAFF COSTS- contlnued The average monthly number of employees durlng thè year w35 as follow5.. 2025 li 2024 io Charllzble activities Management and adrnini5tration Trustèes li 21 22 No employees recelved emoluments In excess of £60.000. 13. TANGIBLE FIXED ASSETS Fixtures and fittings Land & buildings Office equiprnenr Totals COST Ai i April 2024 and 31 March 2025 124,379 3,407 900 128,686 DEPRECIATION At l April 2024 Chaige for year 35,879 1.588 4SS 251 97 37,718 552 At 31 March 2025 35,879 2,Q43 348 38.270 Ntr800KVALUE At 31 March 2025 88,500 1,364 552 90,416 At 31 March 2024 88,500 1,819 649 90,968 Although there may be conslderable difference between the carrying value and market value of the land and bulldings the trustees do not Collslder ¢t tts be a practlcable exerclse to have the property ¥evalued each year. 14. DEBTORS: Amoumfs FAUING DUE WITHIN OME YEAR 2025 2024 Trade debtors Prepayments and accrued income 27,349 202 757 757 27.S51 Page 12 confillued.. EQUALITY ACTION LTD NofEs YOTHE FINANCIAL STATEMENTS- contlnued FOR TME YEAR ENDED 31 MARCH 2025 15. CREDITORS". AMOUNTS FALLING DUEWITHIN ONEYL4A 202S 2024 Soclal securlty and other tsxe5 Accrua15 Deferred Income 5,009 3,930 20,799 4,175 20,799 24,974 29,738 eferred Income 2025 2024 Deferred Income ts Included wlthln,. CredFtors dtse wlthln one year 20,799 20,799 20.799 2q799 I￿0￿ from 8rnnts recefved ha5 been deferred where tlme related performance conditlon5 have not be?n met. LEASING AGREEMENTS Mlnlmum lease payments under nonwcancellable operatlng leases fall due as follows-. 2025 2024 WltNn one year 635 17. MOVEMENT IN FUNDS Net movement In funds At 313.25 At 1.4.24 Unr8str1ct￿ funds General fvnd Lbyds Bank Foundatlon 206,149 12,673 17,2971 112,6731 Ig852 218,822 119,970) 198,852 R•strkt•dfund5 Awafds forAII- IT Equlpment RankApprentlce Gold Awgrd Core 20 Connertor Natlonal Lottery Commun5ty Fund- AC Mldlands Reglon Awards forAlk Cost of LivlnK 1,915 11,700 11rt33 14141 ,5001 IIIA33) 1.501 4,21)0 17.968 4504 22,472 10.000 43,016 I4￿43) 38,173 TOTAL FUNDS 261,838 124,8131 237,025 Page 13 contlnued... EQUALITh AcfioN LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MAACH 2025 17. MOVEMENT IN FUNDS- contlnued Net movement in funds. included In the above are as follows.. Incomlng resources Resource5 expended Movement In funds Unrestrlrted funds Gefterèl lund Lloyds Bank Foundatian 47.33CI 154,6271 112,6731 17,2971 112,6731 47,330 167,3001 119,9701 Re5trlcted funds Award5 lor All- IT Eqtsipvnent VITA Health Rank Appr?ntite Gold Award Core 20 Connector National Lottery Comrnunlty Fund- RC Mldlands Reglon Awards lorAII- Cost of Llving 14141 183,1961 17,5001 111,4331 14141 83.196 17,5001 111.4331 68,509 20,000 164,0051 iio,0001 4,504 10,000 171,705 1176,5481 14.8431 TOTAL FUNDS 219,035 1243.8481 124.8131 Comparatives for movemEnt in funds Net ovement In funds At 31.3.24 At 1.4.23 Unrestritted funds General fund Lloyds Bank Foundation 211,595 12,416 15.4461 257 206.149 12.673 224,011 15,1891 218,822 RÈstrlctÉd funds Award5 for All- IT Equlprnent Big Lottery Fund Positive Minds Rank Apprentice Gold Award NHS 8rielin8 Cofe 20 Connector Access for justice National Lottery Cornrnunity Fund- RC Midland5 Region 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 Page 14 confinued.,. EQUALITY AcfioN LTD NOTES TOThE FINANCIAL STATEMENTS- contlnued FOR TMEYEAR ENDED31 MARCH 2025 17. MOVEMENT IN FUNDS- Contlnu Comparatlve net movemont In funds, Included In the al)ove are as follows: In¢omlng resour Resource5 expended Mavement In funds Unr•strlded funds GeneTrl fun Lloyd5 gank Found*lon 55,918 24,999 161,3641 124,742 15,4461 257 0,917 186.1061 15,1891 Restrlrted funds Awar(Ss forAlI- Ir Equlpment 18 Lottery Fund PosltKt Mlnds V￿A Heakh Aank Apprentlce Gold Award NHS Brleflng Core 20 Connector Arcess fvr Justke LLR- ICB Natlonal iotterycommunlty Fund- RC Mldlands Reglon Natlonal Grid 15361 {30,1241 183,1961 12,3541 112,8721 113,6951 IIq0701 15.0001 15361 112,(N)61 18,118 83.196 7.5LN) 5,146 112,873) 15,195) 1ffj.0701 8,500 33.931 115,9631 15,000) 17,968 161.244 1178,8101 117.5661 TOTAL FUNDS 242,161 (264,9161 122,755) Lloyds Bank Foundatlon was funding recelved In March 2022 to support our core worl over two years. We employed a full tlme Operatlon5 Offlcerfrom this grant on a twTryear flxed term contract. The thJndln8 ended In March 2024. Awards forAII Equlpmentl conslsts of computer equlpment purchased In 2022 tssSni fundlng from the Natlonal Lottery.. The Lfjttery Positlve Mlrxls Grant Is a 5 year Blg Lottery prolert In ralslng awareness and offerlng support for mentsl heatth15stse5 to BAME people. Rank Appr*ntlo Gold Award Is fundlng from thÈ Rank Foundatlon for a youth proS•ct Insplred by"The Apprentlo. helpln8 young people wlth enterprlse. The VITA Health fund an ayeement NHS En8land tD as$15t the MME ¢ommunlty wlth support toward5 healthy I￿Ing. National Lottery Communlty Fund- RC Mldknds ReBlon Is fund[￿ lor the 'EmpowHer" project whlch Is a 5 year projert whlch alms to a5slst young people in enterprl$e, as well as focusin8 on ment31 and physlol heaFth. NHS Brfefing ts fundlng from East Lelce5tEfshlre Cllnlcal Commlsslonlng Group ICCGI tt>wards a befriendlng project offerfng one to one supportforthe BAME comMun￿acrOSS Charnwood. Core 20 Connecliw Is fijnding from the NHS for a programme wt)rklng towards Identifylng and redudn4 heatthcaie Inequalltie5 ?cr055 dlfferentcommunlties. LLR ICB was fundln¥ from the Lel¢ester, Lekestershlre and Rutland Integratsd Care Board toward5 addresshg Care Inaqualltles across dlfferentcommunEtle5. Natbjnal Grld was a three month grant recefved for January to Marth 2024 to asstst Sn the Tunnlng of the charlty'5 operatlons. Awards For All- Cost of Livlng 15 fund5 recewed from the Nationil Ltsttery to help the local cc*Mmunlty wtth the c05t of IlvSng. Pa8e IS contlnued... ÉQUAIIIY AcfioN LTD NOTES TO THE FINANCIAL5TATEMENTS- contlnued FOR THE YEAR ENDED 31 MAflCH 2025 RELATED PAR7Y DISCLOSURES There were no related party traTrsactlons Identllied that requlie dlsclosure for the year ended 315t March 202S. 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