COMPANY NUMBER. 04943395 REGISTERED CHARJTY NUMBER: 1105976 tMKAAN (Company Limited by Guarantee without Share Capital) REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
tMKAAN )EX TO FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page No. I - 10 Trustees, Annual Report (including Directors, Report) 11- 14 Indepcndent Auditor's Report 15 Statement of Financial Activities (including Income and Expendire Account) 16 Balance Sheet 17 Statement of Cash Flows 18-30 Notes to the Fin¢1] Statements
IMKAAN TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Thc Trustees presents their report and financial statements for the year cnded 31 March 2024, which are also prepared to meet tlie requirements for a directors, report and accounls for Companies Act purposes. This report has been prepared in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities (FRS 10?) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to smaller entities. REFERENCEAND ADMINISTRA TIVE INFORMA TJON Charity Nqme IMKAAN Compuny number 04943395 Charlty number 1105976 Registered office and Operational address Tindlemanor, 3rd Floor 52-54 Featherstone Street London ECIY 8RT Directors and Truslees The Board of Trustees constitutes directors of the company for the purpose of company law and trllSt¢C5 for the purpose of charity law. The trustees serving during the year and since the year end were as follows.. Anber Raz Jean-Ann Ndow Ruth Atkinson Kaveri Shamia Rina Mehta Nafisa Gudal Mandana Hendessi Co Chair Co Chair {Elected 26 Mar 2024) Co Chair and Secretary (Resigned 14 June 2023) Treasurer Resigned 02 August 2024 Resigned 02 October 2023 The trustees are elected at the Annual General Meeting. No trustee received any remuneration for services during the year (?0?3-Nil), nor liave any beneficial interest in any contract with the charity. Senior Management Team Mary Clarke, who joined Imkaan in November 20?J. and Ghadah Alnasseri, who joined in January ?024. serve &$ Co-Exe¢utive Directors. The day-to-day management of the charity is delegated to the Directors. Bankers The Co-operative Bank PLC P.0. Box 250 Skelmersdale WN8 6WT Sialulory Audiiors Barcant Beardon Limited Chartered Accountants & Statutory Auditors 8 Black5to¢k Mews London N4 2BT
IMKAAN TRUSTEES'ANNUAL REPORT (INCLUDING DJRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH ?0?4 STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee. incorporated in 1999 as a joint initiative by Newham Asian Women's Project and Brent Asian Women's Resourc¢ Centre. The company is governed by its Memorandum of Association. It was registered as a charity with the Charity Commission on 22nd September 2004. In the event of Ihe company being wound up. all members present and 12 months past are required to contribute an amount not ¢x¢eeding £ l. As aspects of the organisation's work have continued to evolve since its inception. the charity will be periodically reviewing its governance documents to ensure that the governance frameworks a fit for purpose and reflective of the current landscape. These documents were last reviewed in March 2023 and remain relevant to the charity's purpose. Period reviews will be done in line with a review of all governance frameworks. 2.1 Recr4iÈment and appolnlffiént of the Trustees The DIreOrS Df the company are also charity trustees for the piirposes of Charity Law and under the company's Articles are known as members. Imkaan recruits potential Trustres through a variety of methods. Recruitment follows Charity Commission guidelines wliich include 'word of mout]i', advertisements which are placed on Imkaan's own website and publications which are sent to Imkaan's key stakeholders including refjjges, sthtutory. voluntary and community-based agencies, fiinders and other key agencies. Imkaan may also advertise in national newspapers to recruit Trustees. Imkaan has a strong public profile within the sector and therefore potential members are also attracted through referral through partner agencies. through Imkaan's involvement and representaiion at external events. conferences. and strategic meetings. Imkaan's Trustees are able to contribute a wealth of skills and expertise to the oruanisation in the areas of men's violence against women. the needs of Black and minoritiscd communities, social and economic justice. development of international rights-based work addressing the needs of diaspora communities, leadership. and organisational development. All trustees applying to join the board are asked to submit an up-to-date CV and Comple a Board of Trustees skills audit. Imkaan complies with due diligence in the appoinlment of Trustees by taking up references, attending a comprehensive induction on the policies, oovernanee framework and work of the organisation, and by completing the data protection and Confidentiality statement. 2.2 Truslee induction and Irainlng The existing Trustees approve new Trustees and appointments are reviewed on a rolling basis. Trustees are appointed for the skills and experience that they bring and their ability to assist Imkaan to nieet its charitable objectives. All new Trustees must undergo an induction with the Executive Directors who covers the history. vision, mission, purpose of organisation and its everyday operations. All new Trustees are provided with copies of Imkaan's annual report. acwunts. publications and documents that explain Imkaan's history. All new Trustees also receive a copy of the Charity's operntional policies and procedures as well as guidance material published by the Charity Commission on the responsibilities of being a Trustee. Trnstees must sign the organisation's confidentiality agreement before attending the first meeiin Trustees also have the opporthnity of accessing on-going support and mentoring from existing Trustees as they get to how the organisation. Trustees can also join sub-committees and with groups organised by Imkaan addressing specific themes of the work that is delivered. 2.3 Organlsttllonal structure and dectsion maklng Imkaan's Board of Trustees is responsible for the overall direction and strategic focus of the organisation. This involves overseeing the organisation's progress, addressing personnel issues that require Tnjstee input, and deal with financial matters that may have a substantial impact on the organisation. TrUseS meet as a 11 board six times each year and additional meetings are held as and when required. The Board of Trustees is responsible for the overall governance and strategic development of the organisation. The Board of Trustees delegates strategic development and operational delivery to the Co-Executive Directors of the organisation. They delegate operational delivery to the Senior Management and Managers team. The C¢>Executive Directors report to tlie l)oard through a series of reports
IMKAAN TRUSTEEs'ANuAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH ?0?4 highlighting performance and progres5 of work, risks arising, financial con5ideralions, HR considerations and emerging issues. The organisation's risk register, policy review framework covering governance, and Sirategic plan goals and priorities are reported annually to the. board. Tlie board re¢eives the managemeni accounts on a six- monthly basis and a report on income and expenditure on a two-monthly basis. Org&DiSation41 stcture M*rcb 2024 In addirion, Ihe organisic tion has employed specific pn)ject stgtff throughout the yeitr to woth on & sessional, pnrt- time andlor temporary basis. 2.4 Rtsk managepnent The Board is aware of its responsibility to identify and review the major risks to which the organisation is exposed and to implement systems, to mitigate those risks. Risks are reported to the board in two ways.. on the highlight report which is received by the board every ttvo months covering project and organisational risk and on the risk gister reported every six months covering overall risks to Imkaan and its operations. The report highlights the top ten risks to the organisation every two months alongside a risk mitigation plan addressing how risks have been managed through risk mitigation strategies implemented by the organisation. The report enables the Board to assess the direction of risk and adopt strategies as needed to address risk., Through this process, the Board regularly onducts a review of the major risks to which charity is exposed. Trustees will review Imkaan's position, risks and opportunities every two months and on an annual basis with the aim of supporting Imkaan to access rther resources to siipport the charity's future expansion and development. Intemal control risks are minimised through the implementation of appropriate financial management procedures. OBJECTIVES, ACTlVtTIES, ACHIEVEMENTSAND PERFORMANCE Objedlves and Public Benefil The organisation's mission and vision were reviewed at our Strategic planning day with board and team membcr5 in January 2014 and following consultation with members. Our Vision Imkaan'5 Vision is Self Determination and Autonomy for every Black and minoritised Woman and Girl. Our Mission Imkaan works to end violence against Black and minoritiscd Women and Girls by amplifying our diverse voices.
IMKAAN TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH ?0?4 Imkaan Membership Imka2n membership 15 open to organisations led by and for Black and minoritised women, working towards ending violence against women and girls. Imkaan currently has J8 members across England. Scotland and Wales. based in Birmingham. Blackbum. Bradfrird. Cardiff, Coventry, Darlington, Durt]am, Edinburgh. Glasgow, Huddersfield, Ipswich. Leicester, Liverw)ol, London. MaTtche5ter. Merthyr Tydfil. Middlesborough, Newcastle, Newpor Rochdale, Rothetham. Shcfficld, Swansea and Wrexham. Our Values Social justice Equality Integrdted approach to end violence against Black and minoritised women and girls Black and minoritised feminist Empowering 'Voice' Human Rights approach Authenticity IEnkaan is a Black and minoriti5¢d feminist organisation, working for and with other Black and minoritiscd violence against women and girls (V A WGI 'by and for'organisation5. W¢ center anti-racism as a key component t() tackling V AWG. Tmkaan refer to Black and minoritised women whose herstories originate from Africa. Asia, the Caribbean and Latin America. Imkaan uses as Shorthand the trrm 'by and for, organisations or services to refer to frontline women's support services set up and led and run by and for Bla¢k and minoritised women, but we recogni5e that there are many other kinds of 'by and for, services such as those supporting disabled women, LGBT+ and others. Our approach is rooted in an understanding not only of men's violence against women and girls, but also the way intersecting factors such as race, age. class. eas, ethnicity, sexual orientation and disability can affect girls and women's journeys and cxperienccs. As such we actively promote the leadership, autonomy and self-detennination of Black and minority ethnie women and girls. At Imkaan, we recognise that VA WG is a fundamental violation of our human rights and one that has implications within a range of human rights framcwork5. We are committed to utilising (and expanding} existing human rights approaehes in our work to end violence against women and girls. Imkaan aims to create safe spaces for black and minority ethnic women and girls, to define our perception of human rights. identify our own priorities and to strengthen our voices at national and international levels. The organisation initially set out to provide services for refuges working with South Asian women and children. Since our consultation with stakeholders in December ?005, Imkaan provides advice. information and practical &SSiStance including networking forums, capacity building and training to Black and minoritised women's organisations and seTvices in England, Scotland and Wales. Imkaan was first established in direct rcsponsc to an exprcsscd need by front-linc refuge staff and local sccond-tier seryice providers. The need for Imkaan's work as a second-ticr umbrella organisation is documcnted through continuous consultation with our members who provide up-trpdate information on the issues and concerns they experience on the frontline of service delivery. Imkaan is clcar in its vision to clevatc voices of Black and minitorised women and girls and ensure their representation in spaces where policy. funding and SeiCe delivery concern5 arc addressed. Strategic advocacy therefore forms a critical part of the work. they connect Imkaan to the members and frame5 issues ensuring the narratives of Black and minoritised women and girls are moved from the margin to the centre of the work. Imkaan holds extensiv¢ ¢xperienre with knowl¢dge in the following arvdS- violence against women and girls (including 5(p called honour-based violen¢¢. Sexual abus¢ and exploitation. Sexual harassment including other areas of V A WG}, human rights (international and regional convention and national law. Black and minoriti5ed feminism (theory and practice). legal knowledge (family. housing, equality, welfare rights, migrant women's issues and migration, and other related fields), legal justice covering commissioning law and local authority practices (focusing on die public sector equality duty) social policy expertise and social justice (from social policy administration to
IMKAAN TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH ?0?4 race, gender and class inclusion in the reform of welfare systems), influencing work. Charities law, social development policy, among other related areas. Imkaan has skills in the following areas.. qualitative research and evaluation methodology and epistemic though( Black and tninoritised feminist research in theory and application, assessment and quality assurance and use or participatory fraTncwork4 management and governance. advocacy, organisation and movement building. capacity building. nctworkin& specialist VAWG training and training for trainers, accreditation, policy analysis and development, atnong other related areas. Imkaan supports mcmbcr5 through a number of key areas of expertise including qualitative research and evaluation methodology and epistemic thought. Black and minoritized fcminist research in theory and application. assessment and quality assurance and use of participatory frameworks. management and governance, advocacy. organisation and movement biiildin& capacity building, networkin& spccialist VAWG training and training for trainers accreditation. policy analysis and development, among other related areas. This work is done in a number of ways includiT]g through Strategic consultation and feed into policy and planning work. participation in sector-wide and Strategic meetings (local. Pan-London and central government). and by influencing commissioning and other initiatives. Imkaan also provides ongoing support and d¢v¢lopment of the sp1&1]st Black and minoritised women V A WG sector through sustainability support, quality assurance. policy dev¢lopm¢nt and accredited training delivered to our members as well as through robust evidenc¢-b&sed r¢s¢ah to ensure the voices of Black and minorit15ed women are represented. Impaci Of Imkaan'5 Work Over Ihe Yeur Imkaan is a national feminist organisation, dedicated to addressing violence against Black and minoriti5ed women and girls. We centre anti-racism as a key component to tackling violence against women and girls (V A WG). Imkaan are proud to support 38 member oruanisations, representing the expertise and perspectives of frontline. Specialist and dedicated Black and minoritised women's organisations, that work lo prevent and respond to VA WG every day. Imkaan also work with 21 local and regional netsvorks of Black and minoritised women and girls who are not Imkaan members to Crea the foundation for wider movement building work. Imkaan has highlighted a significant disparity in the provision of 'by and for, services withln the Violence Againsi Wonien and Girls {VA WG) sector. According to the National Domestic Abuse Commissioner, only 51 yo of Black and minoritised survivors who sought specialist 'by and for, support were able to access it. This figure drops further for other marginalised groups. with jusi 190/0 of LGBT+ survivors and 70/0 of disabled survivors receiving the support they needed. Alarmingly, onty 2 out of 30 Deaf survivors could aceess specialist seTviees. Extensive sector- wide data r¢v¢als that VAWG dispi'oportionarely atrects Black and minoritised women and girls. De5Plte this. these groups remain consistently excluded frotn policy discussions on cnding V AWG. Thi5 SySteTnic exclusion not only exacerbates the cliallenges faced by survivors but also undemines the efforts of 'by and for, organisations working to protect them from violence and abuse. The UK Government policies, particularly those related to immigration, have severely hampered efforts to end V A WG. H05tile environment policies place miorant victirn-survivors at risk of dcportation if they report abuse, compounded by their exclusion from support due to the No Recourse to Public Fund5 (NRPF) condition. Also, the failure to address institutional racism, racial inequality. and misogyny within Statutory Sectors further MarlaliseS Black and minoritised women and girls, increasing their vulnerability to violencc. Imkaan'5 duty extends beyond addressing domestic abuse to confrontin¢F all forms of violence against Black and minoritised women, with a particular focus on the lack of support for disabled Black and minoritised survivors. In 2023. the Home Secrctary recognised VAWG as a national threat, including it in the Strategic Policing Requirement alongside terrorism and riOuS organised crime. Imkaan published a lif¢worqieath report with Centre for Women's Justice January 2023. The life-or4eath T¢POrt examines the challenges encounter¢d by Black and minoriti5ed women who tragically10s¢ their lives in instances of domestic homiclde and suicide within the context of domestic abuse. It focuses on the additional ¢hall¢nges they face, over and above the difficulties faced by white women. The foundation of the report was based on ih¢mes identified by die 'by and for. Black and minoritised women's organisations in Imkaan member organisations within workshops we did with them. The themes of the report reflect the day-to-day experiences of the survivors the by and for services work with - and are also reflected in the experiences of the women who died. We have shown the way the i5sue5 liav¢ played out in their lives and deadis. Tlie report'Life or Deadi, highliglits how barriers to reporting
IMKAAN TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH ?0?4 and failures by police and other services, against a backdrop of intersecting r&¢e and Sex discrimination have Contributed to the tragic deaths of Black and minoritised women. In light of Ircent violent racist, Islamophobic, and anti-migrdnt attacks instigated by far-right groups across the UK, Imkaan has prioritised the wellbeing of 51aff and survivors within Black and minoritlsed 'by and for. VAWG organisations. ThEsc cvenls have highlighted the need for urgent action and resource5 to support or(vanisations disproportionately irnpactcd by such violcncc. Thcsc wave of attacks, incited by white supremacisl group5, has created an environment of fear and distress for both service providers and the communities they serve. Imkaan's member organisations are confronting rising operational and emotional challenges, compounded by significant funding constraints. In response, Imkaan is calling for immediate, unrestricted hardship funding from nderS and commissioners to help these organisations manage the unforeseen costs associated with emergency responses to racial violence and threats. Imkaan's members. already underfunded and undcr-resourced. are among those most acutely affected by these attacks. Imkaan has formally addressed letters to thc Horne Secretary. Minister for Safcguarding, Secretary of State for Housing. Communities and Local Governmenl Secretary of Stste for Health and Social Carc. Sccrctary of State for Education. and Secrerary of State for Culture, Media, and Sport, outlining urgent concerns and actionable requests. The letter emphasised that the recent far-righr violence, including attack5 on asylum accommodation, rnust be Immediately addressed. These attacks are not i501ated incidents but are the result of years of inflammatory rhetoric. minimi5ation 'of ¢xtremist activity, and lack of intervention from authoritie5. The murder of Alice Da5ilva Aguiar. Bebe King. and Elsie Dot Stancombe-victims of male violence- has been exploited by far-rigl)t groups to fvel xenophobic attacks. This climate has heightened the vulnerability of Black and minoritised communities, particularty those within 'by aiid for, services. Imkaan urged the government to provide immediate protective measure5 for all Black and minoritised communitie5 and organisations. Imkaan addressed thai there is widespread fear that frontline services, including specialist reges, will be directly targeted. Imkaan addressed the institutional racism within public agencies remains unaddre55ed. Imkaan emphasised on that the UK lacks a comprehensive strategy to counter systemic and institutional racism, evident in the Windrush Compensation Scheme's failures and the hostile environment policies that have exacerbated vulnerabilities within rninoritised communities. Imkaan called for government must end its minimisation of far-righi extremism, Islamophobia, and anti-immigrant sentiment, which continues to incite violence. Recent attacks on hotels housing asylum seekers undcr5core the urgent need for safe, humane. and stable asylum housing policies. Imkaan and its members have observed significant police failures to intervene in violent incidents. fvrther eroding trust among Black and minoritised communities. We called on law enforcement agencie5 to fully implement anti- racism strategies and prioritize the protection of all communities affecfrd by racial. anti-migrant, and Islamophobic violence. Imkaan also launched a joint best practice guide on SUTvivor engagement with Welsh Women's Aid. Scottish Women'5 Aid, Women's Aid Federation Northern Ireland, Wornen's Aid Federation of England. The objective of dcveloping thc joint best practicc to enable divcrsc survivor5 of domestic abuse and other forms of VAWG to have incre&sed opportunities to influence local Practice and national decision-making. Imkaan will be launching a mental healih report "Why should our rage by tidy" with the Women's and Girls, Network, and university of Warwick on the ?6ih of November ?024 emp1iasisln the impact of mental health on Black and minority women. Imkaan's members are already involved in the content of the report through surveys. feedback, expertise, and SU gestions for interventions. The launch of the report will be organised a5 a parliamentary event in the House of Common5. Tlii5 event aims to shine a light on minoritised survivors, CXPCTicnces of mental health in the context of violence-abuse,. The launch will be hosted by Dawn Butler MP and will fcaturc other speakers. including the Domestic Abuse Commissioner Nicole Jacobs, report ¢o-authors as well as one of the survivor-activists that guided tliis research. Imkaan developed the In Our Words manifesto to articulate our demands for a new government commitment to ending systemic inequality and violence against Black and minoritised women and girls. The manifesto ouilines Imkaan's vision for collaboration with the next government and other Black and minoritised VA WG specialists. aiming lo ensure that V A WG services for victim-survivors are accessible, effective, equitable, and iniersectional.
IMKAAN TRUSTEES'AKNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH ?0?4 This approach is critical to safeguarding Black and minoritised victim-survivois and responding to their specific needs. The broader legislative and policy decisions of the previous government have significantly hindered progress in ending VA WG. exacerbating challentses within frontline setvices and limiting the support available to victim- survivors. As a representative body for specialist Black and minoritised wornen's organi5ations. Imkaan brings a wealth of expertise and perspectives frotn thesc dcdicated frontline organisations. Imkaan emphasisc that limiting rocus solely to domestic abuse, as is common in mainstream narrative5, would neglect the broader scope of violence affecting Black and minoritised women. Imkaan is therefore committed to addressing all foms of violence experienced by these comrnunities. Of particular concern 15 the significant lack of provisions and servicc5 available for disabled Black and minoritised victim-survivors. an arca that demands urgent attention and government action. Imkaan's key rcque5ts include.. End Gaslighting on Structural Racism.. The next government must acknowledge and addrcs5 Structurdl racism, adopting an intersectional approach to ending violence against Black and minoritised women and glrls. End Femicide- The next government must prioritise efforts to stop femicide among Black and minoritised women and girls. End Hostile Environment Policies.. The next Iwovernment must terniinate hostile environment policie5 that weaponis¢ immigration, harming Black and minoritised women and girls. Disaggregate Data: The next govemrnent must disaggregate data to rev¢al in¢qualitics in service provision. in line with the Istanbul Convention. Address Health Inequality.. The next govemment must tackle health dispariti¢5 disproportionately affecting Black and minoritised won)en and girls. Ensur¢ Sufficient Housing: The next government must secure adequate housing for Black and minoritised women and girl5. Imkaan have contributed and signed several joint letters during 2023-?0?4= letter to OFCOM in the Online Safery Act and VAWG, joint letter to Department for Science, Innovation and Technology re Super-complaints Consultation, amendment to the criminal justice bill and joint call on the House of Lords to reject the Rwanda Bill. Imkaan's participated in roundtables during ?O?J.?024'. Imkaan have participated in GREVIO rciundtables on the intersectionality= The specific situation of women with disabilities. women belonging to minorities. elderly women, women in prostitution. women substance abusers, LBTI women, etc, and their experiences of violence in England, Domestic violence: situation of shelters. role of the police, emergency barring and protection orders, support and protection of children. including custody issues and mediation. Imkaan met with the UN Special Rapporteur on yiolcnce against women and girls and attended the inequality and discrimination and funding and investment roundtables. Imkaan participated in the Ministerial Roundtable on the VAWG Strategy hcld on 22nd October. The roundtable was opened by Jess Phillips, Minister for Safeguarding and VA WG. who outlined the strategic approach and framework of thc new cross-govemment VAWG Strategy. The strategy ernphasises a heightened focus on prevention and aims to brin(F together multiple government departtnents to address VAWG in a coordinated manner. Minister Phillip5 h7h]ighted the importancc of the stratrgy's cross- government nature and noted that a new series of thematic roundtables would be inslnimental in informing its ongoing developmenL Richard Clarke. Director General of the Safer Streets Mission. also provided an overview of the Safer Streets Mission, detailing it5 role in supporting the strategy's broadcr cr05 government objectives. This Strategy. with input from key stskeholders to guid¢ it5 formulation and implcmentation. Imkaan also attended th¢ roundtable for migrant victims. Imkaan attended the roundtabl¢ on 22nd October. which focu5¢d on th¢ Migrant Virtims Domestic Abuse Concession (MVDACI. The session was chaired by Minister Jess Phillips and in¢luded a discussion on route5 to settlement and wider support for migrant victims of domestic abuse. Th¢ discu55ion was framed around key questions related to improving the accessibility and effectiveness of 5UPPOrt for migrant VIlmS. Key points for consideration included- Designing an Effective Internal Firewall.. A key question posed was how to best design an internal firewall to ensure that victims feel confident coming forward. This raised important considerations about the balance between safeguarding individuals, confidentiality and ensuring their acc¢ss to support services without fear of immigration erkforc¢ment. Raising Awareness
IMKAAN TRUSTEES'A NuAL REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH ?0?4 of the Scheme: Another question explored how to ensure that victims are aware of the scheme. This highlighted the need for better communication and outreach to migrant communities. ensuring that victims know their ritshts and available support optioiis. Discussions were on the improving Èiie acccssibility and efficiency of the application process, addressing batTiers such as language. documentation, and the fear of immigration statu5 5ClUtiny. The roundtable provided a valuable opportunity for key stakeholdets to contribute their insights and advocate for changes that would better support migrant victims of domestic abusc. cnsuring that they can access safety and justice without fear ofdeportation or discrimination. Fundraising Standard Jnformation Imkaan has received £?7.104 (20?3 - £16,80?l in public donations during t]ie financial ycar. These were unsolicitcd donations. and Imkaan does not Currently employ the Services of a professional fundraiser. Imkaan has received no complaints regarding the its fundraising aGtivi(ie& and is developing a policy on fundraising to ensure that any rther activities in this regard do not= unr¢a50nably intrude on a person's privacy. Use unreasonably persistent approaches for th¢ purpose of soliciting or otherwise procuring money or other property on behalf of the charity. place undue pressure on a person to give money or other property. Financiftl review Income generating activitie5 Include training for voluntary and Statutory bodie5. consultancy and research contracts. and other events. Total income for the year ended March ?0?4 was £1.934,699 a decrease of £189,84918.94O/0) from the Marcli ?0?3 figure of £? 124,548. Total expendirure io March ?024 w&s £1,173,45? a decrease of £9?8J17 144.170/0} from expenditure of £? 101,769 (March 2023). The surplus of £761 ?47 is an increase of £738.468 over the surplus of £2?.779 {March 20?31. At 31 March ?0?4 general unrestricted reserves were £401.906 and reslricted reserves were £2,Oi8.813. Owing to the short-terni nawre i.e.. one-to-twowyear nd]nts agreements, the charity continues to submit relevant bids. a5 well as diversify its funding sources, to maintain its currcnt Icvel of activity. Both the board of trustees and the senior management team are well placed to respond to the cliallenges ahead. Reserves Policy The Trustees has established a policy whereby the unrestricted funds not committed or invcstcd in tangible fixed assets ('"the free reserves") held by the charity should be a minimum three months of the resources cxpendcd. This budgcted cxpenditurc for 2024125 is £1,036.441. however. of thi5 figure £285.000 is for onward grant awards, and not part of Imkaan's day to day expendiwrc. Of the reduced figure of £751,441 the reserves taroet is between £187,860 and £J75.7?O. Any furthei frec rEServcs shoiild be allocated to a designated fund for the provision of employment and staff costs. and for the capital cxpenditure on a new resource centre. At this level the Trustees feels that they would be able to continue the current activities of the charity in the event of a siTrnificant drop in funding. At presenL the free reserve5, which amount to £395,197 have exceeded tlie larget level. Restricted fun-d5 are set aside in accordance with the ternis and conditions laid down by the funds in question. Pay Policy The Trustees set the reiiumerdtion of the key management personnel by Comparing job descriptions with similar roles in comparable organisations and other external data of its comparators.
IMKAAN TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 20?4 Principal Fundlng Sources Imkaan's core funders for the period included City Bridge Trust, which provided core grant funding- Oak Foundation Core Grant, which funded the organisation's core operalions. and Oak Foundation Housing Proje¢L which supported Imkaan in regrantino funds to members to collect data and conduct research on various a5PeCts of Black and minoritised women's housin(v experiences. helping to build a comprehensive understanding of thcsc experiences to infonn policy and strategic work. Comic Reliefs Global Majority Fund fundcd Imkaan's development of regranting infrastructure within Imkaan and regrant funds to gra&sroots organisations. Lankelty Chasc funded the dcvelopmcnt of a vision for the sector's cc05yStcm and its futhre sustainability. W.A.F.E (CAF) provided core 5UPPOrt funding, covering work with Imkaan's rnember5. capacity building, and train&ng delivery. London Councils funded training and development in partnership with the London VA WG Con50rtium. Additional income was generated from revenue from research. evaluation work. and trainin How erpendilure in Ilieyellr supportedthe key objectives of the charify Funding for the year ended March 20?4. has 5UPWrted Imkaan to deliver on all aspects of its programmed objectives including community-based research. trainin& pollcy-work. and sustainability support for specialisi Black and minoritised-led women's services. Plansfor Fulure Periods Continued development work with menibers expanding the ac¢r¢ditation and member training programs. Expansion of members, involvement and learning events. Increase of core membership. Increase and diversify flinding strategy. Development of the Strategic Litigation Fund: Developing an effective Communications strategy, rebranding and enhancing social media reach. Ensuring that the organisation is financially secure for the next 3-5 years. Stalemenl oflhe Truslees Responsibilities he trustees. who are also the directors of Imkaan for the purpose of company law, are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). Company law requires the trustees fo prepare financial statrments for each financial year which give a true and fair view of the state of affairs of the company at the balance sheet date and of the income and expenditure of the compatry for the financial year. In preparing those financial statcments, thc Board is required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP ?019 (FRS 10?}- make judgments and estimates that are reasonable and prudent" state whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on a going concern basis unless it is inappropriate to prcsumc that the haritable company will continue on that basi5. The tnistre5 are responsible for keeping adequate accounting records which disclose with r¢&8onable accuracy at any time the financial position of the company and to enable them to ensure that th¢ financial statements comply with tlie Companies Act ?006. They are also responsible for safeguarding the assets of the company and hence for takins reasonabl¢ step5 for th¢ prevention and d¢tethion of fraud and other irregularities.
lo nurluie grow1 through support and empowermenl... IMKPAN TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 10 In so far as the trustees are aware: . there is no relevant audit infomiation of which the charitable companys auditor is unaware; and . the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit inf0mtIOn and to establish that the auditor is aware of that infomation. Public Benefft Statement The Trustees confirm that they have complied with the duty in Seclion 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefi( -Chaities and Public Benefrts". These finanaal statements have been prepared in accordance with the Charilies Statement of Recommended Practi {FRS102) and in aCdanCe with Ihe special provisions of Part 15 of the Companies Act 2006 relaling to small enlities. This report was approved by the Trustees on 10th DeCber 2024 and signed on its behalf by: Anber Trustee Rina Mehta Trustee 52-54 Featherstone Street, London ECIY 8RT www.imkaan.org.uk @imkaan Charity Number: l 105976 Company Number.. 4943395 C*
IMKAAN INDEPENDENT AUDITOR, S REPORT FOR THE YEAR ENDED 31 MARCH ?0?4 We have audit'ed the financial statements of Imkaan foi. the year ended 31 March 20?4 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial 5tatement5, including a summary of significant accounting policies. Tlie financial rep)rting framework tliat has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 10? The Financial R¢porting Standard applicable in.the UK and Republic of Ireland (United Kingdom Generalty Accep*d Accounting Practice) Jn our oplftlon theJFKftnclal statemenls.. have been properly prepared in accordance with United Kingdom G¢nerally Accepted Accounting Practice. and have been properly prepared in accordance with the requirement of the Companies Act 2006 give a true and fair view of tlie state of the cliaritable company's affairs as at 31 Marcli 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. Ba5isfor opinio We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under tliose standards are rtI]er described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with th¢5e requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ConelusioAs relating lo going coftcern In auditing the financial statements, we have Concluded thai the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perforn)ed. w¢ have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant section5 of this report. Other infornNdioft The other information cotnprises the information included in the tte¢s, atlla] report, other than the financial statements and our auditor's report Ihereon. The tnistees are responsible for the other information contsined within the annual report. Our opinion on tlie financial statements does not cover the other infomiation and, except to the extent othenvise explicitly stated in our report, we do noi express any form of &ssurance conclusion thereon. Our responsibility is to read the other infomiation and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of tlie audit or otherwise appears to be materially misstated. If we identify such material in¢onsisten¢ies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfornied, we conclude that there is a material m isstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
IMKAAN INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH ?0?4 Oplnion on other matters prescrlbed by ihe Companles ACÉ 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the tru5t¢e5' report (incotporating the directors, report) for the financial year for which the financial ststements are prepared is consistent with the financial ststements. and Mrttters on whleh we nre reqlllrÉd tts report by Ction In the light of our knowledge and understanding of the charitable company and its environmenl obtsined in the course of the audit, we have not identified material misstatements in the director5, report. We have nothing to report in respecl of the following matters in relation to which the Cornp&T]ies Act 2006 iequiTes us to report to you if, in our opinion: adequate accounting records have not been kepL or returns adequatc for our audit have not been received from branches not visited by us- or ie financial statements are not in agreement with th¢ accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not madc,. or we have not received all the infomialion and explanations we require for our audit,. or the trustees were not entitled to prepare the financial ststements in accordance with the small companies, regime and take advantage of ihe small companies. exemptions in preparing the directors, report and from th¢ requirement to prepare a strategic report. Responsibilities oflrustees As explained more fvlly in tlie trustees, responsibilities statement set out on page l O, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine 15 necessary to enable the preparation of financial ststements that are free from material misstaternent, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitsble company's ability to contillue &$ a going concern. disclosintr as applicable, matters related to going Concern and usintr the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Audiior's responsibilitiesfor ihe audil ¢pf thefinancial stalements Our objectives are to obtain reasonable assurance about whether the financi85 statctnents as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mis5tatcmcnt when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggrcgate, thcy could reasonably be expected to influence the economic decisions of users taken on the basis of thcse financial statements. Irregularities, including fraud, are instances of non-compliancc with laws and regulation5. We design procedure5 in line with our responsibilities, outlined above. to detect maierial misstatements in respect of irregularities, including fraud. The extent lo whicli our procedures are capable of detecting irregularities. including fraud is detailed below: the engagement partner en511r¢d that the audit team had the appropriate competence, capability and skill to identify and recognise any non-compliance with applicable laws and regulations. 12
IMKAAN INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH ?0?4 we identified such laws and regulations applicable from our discussions with trustees and other management and from our knowledge and experience of the sector. we focused on specific laws and regulations which we considered may have a direct material effect on the financial ststemenLS or the operaiions of the charitable company. including the Companies Act ?006, the Charities Act 2011 and the Charity SORP (FRS I O?). we eonsidered the provisions of other laws and regulations that do not have a direct effect on the financial ststements but compliance with which might be fundamental to the charitable company's ability to operate or to avoid a material penalty, including the Gencral Data Protection Regulation (GDPRI, Anti-frau(L bribcry and corruption legislation. Taxation legislation and Employment legislation. we assessed tlie extrnt of compliance with laws and regulations identified above tlirough making enquiries of management and inspecting legal correspondence. and identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit. We assessed tlie susceptibility of thc charitable company'5 financial statements to material misstatement, including obtaining an understanding of how frdud might o¢¢ur by: making enquiries of management as to where they ¢on5ider¢d there wa5 5U5CePtibility to fraud. their knowledge of actual. suspected and alleged fraud. and onsidering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address Ihe risk offraud rhrough manngemeni blas and overrlde of controls, we.. performed anatytical procedures to identify any unusual or unexpected relationships: tested journal entries to identify unusual transactions- assessed whether judgements and a&sumptions made in deterniining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or Unusu transactions. In response to the risk of irregularities and non-compliance with laws and regulations. we designed procedures which included. but were not limited to: agreeing financial statetnent disclosures to underlying supporting documents rcading thc minutes of meetin5 of those charoed with govemance. and enquirino of management as to actual and potential litigation and claims. Because of the inherent limitations of an audit, thcrc is a risk that we will not defrct all irregularities. including those leading to a material MisstaMent in the financial stafrments or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from thc cvcnts and tran5actiOll5 reflectcd in the financial statements. as we will be less likely to become aware of instances of non-compliancc. The risk 15 also greater regarding irregularities occurring due to fraud rather tlian error, as fraud involves intentional Goncealment, forgery, collusion, omission or misrepresen(ation. fiirthcr de5rription our responsibilities 15 available on FRC'S website at: https=l/www.fr¢.org.uklauditors/auditassurancelauditor-s-responsibilities-for-the-audit-of-the-fildescription-of-the- auditor¥oE20/0801llo99s-responsibilitiesfor. Thi5 description forms part of our auditor's report. 13
IMKAAN INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH ?0?4 Use of our reporl This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undcrtaken so that wc wnigF¥t state to the charitable company. mernbers those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other dian the charitable company and the charitable company'5 members as a body, for our audit work, for this repoQ or for the opinions we have formed. Date Muke5h Khatri Senior Statutory Auditor For and on behalf of BARCANT BEARDON LIMITED Chartcred Accountants and Stathtory Auditors 8 Blaekstock Mews Isliiigton London N4 2BT 14
IMKAAN ST A TF,MF.NT QF FINANC.IAI., AfffiviTIES (INC.LUDINCI INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH ?024 Income and Expendilure Summury Notes Restricted Unrestricted Funds Funds Total Funds 2024 Total Funds ?023 rncome and endowmentsfrom.. Donations and legacies Charitable activities 1,845.152 28,178 43,104 18,265 1.888,256 2,070.596 46.443 53.952 Total income and endowments 1,873,3JO 1,934,699 2,124.548 Expenditure on.. Charitable activities 1,010.668 162,784 1,173,452 2,101,769 Total expenditure 1.010,668 162.784 1,17J,452 2,101,769 Net income/{expenditure) 862,662 (101.415) 761,247 22,779 Transfers between funds 85,800 (85,8001 Net movement in fvnds for the year {187,215) 761 ?47 ?2,779 Reconcilialiov offunds Total funds brouglit forward 13 1,090,351 589,121 1,679,47? 1,656.693 Total funds carried forward ?,038,813 401,906 2,440,719 1,679,47? All of the above results are derived from continuing activities. There were no other re¢ognised gains Dr losses other than those stated above. Movements in fvnds are disclosed in note 13 to the financial statements. The Siatement of Financial Activities also complies with the requirements for an incorne and expendiiure account under the Companies Act ?006. 15
BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 2023 Tangible Fixed Assets 12,793 15,407 Current Assets Debtors Cash at bank and in hand 1,679,739 797,634 622,435 1230,052 2.477,373 1,851487 Creditors: Amounts falling due within one year 12 (49,447) (188.422) Net Current Assets 2,427,926 1,664,065 2,440,719 1,679,472 Funds Restri¢t¢d funds Unrestricted funds - General fijnds 2,038,813 401.906 1,090,35I 589,121 13 Totsl funds 2,440.719 1,679,472 These fmanctal statements are prepared in accordance with the spwial provisions of Part 15 of the Companies Act 2006 relating to So11 companies. sign on behalf of the board of trustees: Signed Rina Mehta Trtee Trustee The notes on pages 18 - 30 forn] part of these fmancial statements. Compally Registration No. 04943395 16
IMKAAN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 20?4 Notes 2024 2023 Cash flow from operating activ jties Net cash provided by operating activities 18 (428,545) 227,074 Cash flow from investing activities Interest income Purchase of tangible fixed assets {J,873) Net cash (used in)Iprovided by investing activities (3,873) Net increase in cash and cash equivalents in the year 1432,419) 227,074 Cash and cash equivalents at the bcginning of the year 1,230,052 1.002.978 C&sh and cash equivalents ai the end of the year 797,634 1,230,052 Analysis of cash and c&sh equivalents Cash in bank and in hand 797.634 1,230,052 Cash and cash equivalents at the end of the year 18.1 797,634 I ?JO,05? 17
IMKAAN NOTES TO THE FTNANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH ?0?4 Accounling Policies Tmkaan is a private company limited by guarantee with no share capital incorp)rated in England and Wales. In the event of the charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page l of thc5e financial statements. The nature of the Charity's operations and principal activities are dedicated to ending violcnce against women and girls. As a second-tier umbrella human rights organisation with national membership, Imkaan rcpresents the expertise and perspectives of frolltlinc specialist women'5 service5 that work to prevent and respond to violcncc against women and girls. Imkaan doe5 this by elevating thc voicc5 of Black and minoritised women and girls in policy, research and advocacy spaces. 1.1 General informalion and basis ofpreparation The following are the more iTllPOrtant policies adopted by the charity. a) The charity constiteS a public benefit entity as defined by FRS 102. The financial statements have been Prepar in accordance i¥ith Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charitiès Act 2011. the Companie5 Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basi5 under the historical cost convention. The financial statements are presented in sterling. wliich is the funciional currency of the company. Monethry amounts in these financial slatements are rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are sei out below. These policies have been consistently applied to all years presented unless otherwise stated. b) All incoming resources are included in the Stateinent of Financial Activities (SOFA) when the charity is legally entitled to tlie income after any performance conditions have been meL the amount can be measured reliably and it is probable that the income will be received. c) For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a Icvcl of pcrfortnanec before entitlement can be obtained then income is deferred until those conditions are fully met or the fuifilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. dl Income from trading activities includes income earned from fundraising events and trading activities to raisc funds for the charity- Income is received in exchange for supplying service5 in order to rdise funds and is recDgniscd when entitlement has occurred. e) Income from governinent and other grants are reCOlSed at fair value when the charity has entitlement after any performance conditions have becn met. it is probable that the income will be received and thc amount can be measured reliably. If entitlement is not met then these amounts are deferred. Where practicable. gift5 in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to a5se5S the fair value at rec¢ipt or if the costs to undertake such a valuation outweigh any benefits. then the fair value is recognised as a compon¢nt of donation5 when il is distributed and an equivalent amount recognised as charitable expenditure. g) Gifts in kind donated for resale are included at fair value. being the expected proceeds from sale less the expected c05t5 of Sale. Where estimating tlie fair value is practicable upon receipt it is recognised in stock 18
IMKAAN NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH ?0?4 and '"Ineome from other trading activities, Upon sale, the value of the stock is charged against 'lncome from other trading activities, and the proceeds are recognised as "Income from other trading activities,. Where it is impracticable to fail value the items due to the volume of low value items they are not recognised thc financial statements until they are sold. This income is rccognised within 'lncome from other trading activities.. Fixed asset gifts in kind are recogni5ed when rcceiv&ble and are included at fair value. They are not deferred over ihe life of the asset. h) Other income includes other income such a5 gains on disposals of tangible Iixed asset5. ) Restricted funds are to be used for specified purposes as laid down by tlie donor. Expenditure which Tncet5 these criteria 15 identified to the fund. j) Unrestricted funds are donation5 and othcr income received or generated for charitablc PUTPOSCS. k) Fixed a5set5 are for usc by the charity in fulfilling its main charitablE objects. Items are capitalised when the purchase price exceeds £500. Depreciation 15 provided all fixed assets at rates calculated to write off the cost of each asset over its estimated useful life. The d¢preciation rates in use are a5 follows: Office Equipment (inc Computers) Fixture5, Fittings & Equipment Building Work and Renovations 5 years straight line (20 % ) 5 years straight line (?of/bo) years straight line (20 %) The gain or Ios5 arising on the disposal of an asset is determined as the difference between the sale proceeds and the earying value of tlie asset and is recognised in net in¢omel{expenditure) for the year. At each reporting date, the charity reviews the carrying amounts of its tangible assets to detemine whether ther¢ is any indication that those assets have suffered an impairment 1055. If such indicacion exist4 the reeoverable amount of the asset is estimated in order to determine the extent of the impairment loss(if any). l) All Ivdses of equipment are operating le&ses, and rentals are charged to the Statement of financial activities on a straiglit line basis over the length of the lease. No assets are held under hire purchase agreements. m) Govemance costs include the management of the charitable company's assets, organisational management and compliance with constitutional and statutory requirements. Cost of raising funds relates to the costs incurred by the charitable company in raising funds for the charitable work. n) Debtors are recogniscd by the Cliarity when invoices issued by Imkaan for work that has been completed, as well as upon the signing of a grant agreemen( or an amount that has b'een paid in advance for goods or 5crviccs. Dcbtor5 also include amounts receivable on grant funding to which the charity is entitled. ol Creditors arc recognised by the Charity when invoices issued by & supplier, for work ihat has been completed, as well as upon the signing of a contractual agreement. Creditors also include amounts payable on authorised work or services to which the charity is committed. 1.2 Going Concern The financial statements have been prepared on a going concern basis. The trustees have considered a period of one year from the date of approval of the financial stat¢ments. The charity had a surplus on unrestrict¢d funds the 12 month period ended ) l Mah 2027 of £535.160 and at that date had net current assets of £1,635,080. The Board of Trnstees having looked at the latest management accounts for 20??123, together with the budget estimates for 2023124 are confident that the current level of grants will be sustained, and that the training and 19
IMKAAN NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH ?024 consultancy work will achieve a surplus on unrestrlctive funds. thereby increasing tliose funds positive balance. The trustees consider it appropriate to prepare the financial statements on a going concern basis because measures are bein ¥ Put in place which they consider will enable the charity to operate at a surplus and pay liabilities as they fall due. Additional funding is being actively sought. Cash and cash equivalents include cash in hand. deposits held at call with bank5. Other short-term liquid investments witli original maturities of three montlis or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilitie5. The charity has financial assets and financial liabilitics of a kind that qualify &8 basic financial instruments. Basic financial instruments are initialty recognised at transaction value and subsequently measured at thcir settlement value. The cost of any unused holiday entitlernent is recogni5ed in the period in which the employce's Services are received. Termination benefits are recognlsed immediaiely as an expense when the charity is demonstrably committed to t¢rminate the employment of an employee or to provide terniination benefits. Payments to defined contribution retiremeiit benefit schemes are charged as an expense as ihey fall due. In the application of ilie 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 faciors that are considered to be relevant. ACal results may differ from these estimates. 1.3 Kev Assuttwtions Staff Costs, are allocated in accordanee with staff time, research & development fees, payments to partner organisations. bad debts written off and hire of premises are allocated on a direct basis on usage, all other COSts are allocated based on usage. The estimates and underlyTng assumptions are reviewed on an ongoing basis. Revisions to acwunting estimates are recogniscd in the period in which the estimate is revised where the revision affeets only that period, or in the period of the revision and futurc period5 where Ihc rcvi5ion affcct5 both current and future periods. 1.4 BadDebÉ Provision At cach quarter-end and the end of each financial year the Trustees review overdue l outstanding balances based on the aged dcbtor's analysis of debts by Project. At the end of eacli year trustccs will be presented with a finance report rcgarding the likelihood of collecting these debts, based on previous experience. Tlic rcsult 15 cither a d¢cre&sc or an increa5C in tii¢ provision of this debt and will be reflected in ProJt5 arcounts. 20
IMKAAN NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH ?024 IncOnfrOm Dondtions and Legdcles Restricted Unrestricted 2024 20?3 City Bridge Trust Comic Rclicf Department for Digital, Culture, Media and Sport Esmee Fairbairn Foundation- Main Grant GMSP foundation Golden Giving- I)onations Joseph Rowntree Lankelly Chase Oak Foundation- Core Funding Oak Foundation- Tallaw3h Project Paul Hamlyn Foundation- Backbone Grant Tallawah Project- Other Grants Trust for London Trust for London- WAHA Unbound Philanthropy WAFE- CAF Funding 1.20? 900 260,000 1,202.900 260.000 136.694 712.899 6.000 27,104 27.104 51.446 16.802 51,446 141,666 116.000 187.375 4.000 34?.304 26.500 4.000 120,000 ?21,156 115.500 115,500 16,000 16,000 45,600 45,600 169,706 169,706 1,845,15? 1,888,256 ?,070,596 Income from donations and legacies was £1,888 ?56 (20?3 £?,070,596) of whieh £1,845,15? (?0?3 £1,903,100} was attributsble to restricted funds and £43.104 (2023 £167,496) was attributable to unrestricted funds. Jncomefrom Chorliable Aellvllles Restricted Unrestricted Total ?024 20?4 2024 ?023 TraTning and Consultancy Performfflnce related Gronts London Council- Ascent Project 18,?65 18,?65 25,384 28.178 28.178 28,568 18,265 46,443 53,952 Anqlysi5 of Ezpendil14re on Charituble AcÉivities- Current Year Basis of allocation R¢5h"irted Unrc5trithd Funds Fund5 Total 2024 Total 2023 Costs direcily. allocal¢d to activilies Staff costs Research & Development Fees Payments to Pamer Organisations Monitoring & Evaluation Hire of Premises Accreditation Costs Project Costs stsff timc Direct Direct Direct Direct Usage Usage 374,401 34,646 304,219 14.925 1.983 477 4,720 82,232 ?5.447 456,633 547,532 60,093 285,935 304,?19 1.015,430 14.925 1.983 581 5,050 104 10,664 21
IMKAAN NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Basis of allocation Restricted Unrestricted Funds Funds Total 2024 Total 2023 Bad Debs Written Off Staff Wellbeing Staff Training & ReCltment Staff Travel & Accommodation Bursaries & Other Beneficiary Payments Direct Direct Direct Usage Direct 229.664 1,102 6.022 2.836 6.124 376 818 795 235.788 1,478 6.841 3,631 21,96? 8,997 110.686 Governance Costs Legal & Professional Fees Bookkccping & Accountancy Fe¢s Auditor's Fees Direct Direct Dire 7.120 5,440 8,460 7.120 14.195 10.560 9.078 8.755 2.100 9.600 Support cosls allocated io acliviftes Premises Costs Insurance Teleplione oirice & General Expenses Depreciation Usage Usage Usage Usage Direct 16.639 1.200 3,850 10.021 1.052 4.360 26.660 1252 8,?10 6,748 6,486 27.261 11,051 6,207 6,486 ,010,668 162.784 ,173,452 ? 101,769 Analysis of Erpendilure on Charitable Acliviiles- Previous Year Basis of allocation Restricted Unrestricted Funds Funds Total Total 2022 Cosls direcily allocaled io activities Staff costs Research & Development Fees Payments to Partner Organisations Hire of Premises Accreditation Costs Project Costs Bad Debs WrItn Off It Database Staff Training & Recruitment Staff Travel & Accommodation Bursaries & Other Beneficiary Payments Staff time Direct Direet Direct Usage Usage Direct Direct Direct Usage Direct 435,924 111.608 255,274 30,661 1.015.430 547,53? ?85,935 1.015.430 533,256 ?47,?89 48,515 264 650 11.369 5.062 11,268 1.055 9.739 76 925 1.131 10,664 567 {3,239) 21.96? 8,997 110,686 12,236 10,686 31.517 Governance Costs Legal & Professional Fees Bookkeeping & Accountancy Fees Auditor'5 Fees Direct Direct Direct 9.078 9.584 3.000 9,078 22,185 9.600 12.601 6,600 19,613 9.600 Supporl costs allocated lo aclivities Premises C05t5 Insurance Telephone Office & General Expenses Depreciation Usage Usage Usage Usage Direct 20.445 1.569 6.441 7,695 6.816 282 5.758 27.261 1.851 12.199 11,051 6,207 32.210 1.800 13,714 21.823 6,990 1,000 1,922.297 179,472 2,101.769 1.004,294 22
IMKAAN NOTES TO THE FINANCJAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH ?0?4 Nef Incoming Resource$for the Year 2024 ?023 This is slaled aftgr ckarging.. Depreciation Trustee's Expenses (note l5) Auditor's Fees Operating lease rentals (note 16) Leasehold Property Office Equipment 6,486 6,207 10.560 9,600 ?3,540 Stuff Costs und Number5 2024 2023 Staff costs were as follows Salaries & Wages Social Security Costs Employer Pension Contributions 406,261 4?,400 7,973 491,705 48.lQl 7,638 456,63J 547.iJ4 There were 3 (?0?3 - 1) employees who received toial employee benefit5 (excluding employers, pension eontributionsl of more than £60.000. 2 The average monthly head count was 9 (?0?3 1?) and ihe montlily number of full-time equivalent employees (including casual and part time stafft during the year was as follows.. 20?4 ?023 Management Project Work Administration 0.53 8.02 0.42 1.00 9.70 1.00 8.97 11.70 6.3 The total amount of cmployee benefits received by key management personnel 15 £92,449 (2023 - £75.541). Thc company considers its key personnel to comprise its Senior Mana(rement Team. 4 Included within 2023 salaries and wages is a termination payment to one employee comprising of a payment in lieu of noticc of £?9.166 and an ex gratia payment of £4,038. Defined conlrlbution pension The charitable company contributes to a defined contribution pension scheme for all qualifying employees. operated by NEST Pensions. The charge to incoine and expenditure account in respect of defined contribution scliemes was £7,9731?0?3 _ £7,6)8). Ttz¥alion The charitable company 15 exempt from corporation tax as all its income 15 charitable and 15 applied for haritable purposes. under S466 to 493 CTA ?01 O. 23
IMKAAN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH ?0?4 Tangible PedASSe1s Building Works Office Fixtures Equipment & Fittings Total Cost Ai the start of the year Additions 4,700 51,878 3,873 16.534 73,112 3.873 At the end of the year 4,700 55,751 16,534 76,985 Depreciation At the s(art of the yc3r Charge for the y.ear 4.700 11.470 1,689 57.705 6.487 4.798 At the end of the year 4.700 46J33 13,159 Net Book Value At the start of the year 10,343 5.064 15,407 At the end of the year 9.418 3.375 12,793 io Flftancial Ins¢rumenls 20?4 2023 Carrying amount of financial assets Debt in5twments measured at amortised cost 2,477,)7) 1,852,487 Carrying amount of financial liabilities Measured at amortised cost 49,447 188,422 Debiors 2024 2023 Grants Receivablel Accrued Income Trade Debtors Otlier Debtors Prepayments 1,670.157 7.593 57?.330 45.007 4.448 50 1.989 1.679,739 6??,435 J /. / The grants receivable includes £1.096.700 (2023 - £Nil) from the City BrIdC Foundation that is recoverable more than a year after 31" March ?0?4. Jl. ? Of the total grants receivable £1.578,156 (?0?3 £39?,3?91 are attributsble to the restrictrd funds and £9?.000 (20?3 - £180.000 unrestricted fund5. 24
IMKAAN NOTES TO THE FtNANCIAL ST A TEMENTS FOR THE YEAR ENDED 31 MARCH ?0?4 12 Credilors." amounlsfalling due wilhin oneyear 2024 ?023 TatIOn and Social Security Tradc Creditors Other Creditors Deferred Income Accruals 9,180 2,687 ?,030 14.261 14.660 2.247 86.625 70.6?9 35,550 49,447 188,422 12. 1 Deferred income comprise5 of grant5 received in advance. Balance as at I. April ?024 Amount released to income Amount deferred in the year 86.6?5 186,6?5) Balance as at 3 isr March 20?4 13 Movements in Funtts Asat April 2023 Asat Transfers 31 March ?024 Incoming Outgoing Resources Resources Réslricled Funds - Current Year Chanel Foundation City Bridge Foundation Comi¢ Relief Department for DCMS God My Silent Partner Joseph Rowntree Charitable Trust Lankelly Chase London Councils- Ascent Project Oak Foundation- Core Funding Oak Foundation- Legal Defeiice FuT]d Open Society Foundation Tallawah Project Tides Foundation Trcebcard Trust Trust for London WAFE- CAF 247,486 1?47,4861 1,202,900 260,000 1.202.900 360,400 64.789 23,168 120,000 64,789 25.918 73,787 (19,600) (2,750) (J4,099) 160.963) 28,178 (28,177) I 15,500 (115.500) 51,446 ?47 26.208 195,000 3,500 ?71,)75 (400) ?6.208 195.000 3.500 27,156 ?5,400 (3D4,2191 60,000 ?5.800 (2.702) 790 45,600 (27.J78) 169,706 (170,496) Total Restricted Funds 1,090,351 .873.JiO I 1,010,668) 85,800 2,OJ8,8 l J UnrestricÉedfuncls- Curreni Year General Funds 589.121 61.369 (167,784) (85,800) 401,906 Total Funds 1.679.47? 1,934,699 (1.173,45?) 2.440,719 l. Depariment for Digital. Culiurc, MEdsa & SpDrt 25
IMKAAN NOTES TO THE FtNANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 20?4 Movemenls in Funds- conlinued Asat l April 2022 Asat Transfers 31 March 2023 Jncoming Outgoing Resources Resources Restricted Funds - Previous Year Chancl Foundation Comic Relief Departmeni for DCMS God My Silent Partner Joseph Rowntree Charitable Trust Lankelly Chase London Councils- Ascent Project Oak Foundation- Core Funding Oak Foundaiion-Legal Defence Fund Open Society Foundation Tallawah Project Tides Foundation Treebe8rd Trust Trust for London Unbound Philanthropy WAFE-CAF 381.559 (134,073) 247,486 i ?0,000 64.789 25,918 73.787 120,000 712,899 (805,181) {9,?82) (39.135) 141.666 (80.456) 28.568 (?8,5681 I I6.000 (115,790) 157.071 112,922 25.998 195.000 3,500 151,886 49,610 3,390 26.208 195.000 3.500 271,J75 (400) 3.390 (2,702) 529,679 (410.1901 (50,0101 26.500 (?9.202) 18,940 {18.9401 221.156 (2?0,4101 790 Total Restricted Fund5 1.099,9?0 1.931.668 11,9?? 1971 118.9401 1.OQQ.351 Unrestricledfunds- Prevlous Vedr General Funds 556,773 19? 880 1179.47?) 18.940 589,121 Totsl Funds 1,6i6,69J ? 1?4,%48 1? 101,7691 1,679,47? 13.1 Res¢ricÉedfunds descriplion. nature ondpurposes Name of reslrictedfvnd Description, nolure ondpurposes oftliefvnd Chanel Foundation Identify the ways BME women are impacted by inequality, work with Small women'5 organi5ations addressing their needs and stngthening Imkaan member's network. This grant was awarded for a period of tlirce years from Set ?021 to Aug 20?4. The entire grdnt of £4?6 ?1? was rccogniscd in the March ?022 year end accounts. By mutual agreement between Imkaan and Chanel Foundatitln, the program ended in August 2023. Against the incomc receivable of £426.212 Imkaan had expenditure of £196,548 and the balance of £?29.664 has been written off as a bad debt &s statcd on pagc 22 of these accounts. City Bridge Trust In September 2023. Imkaan was awarded a ten yw grant by City Bridge Trust to support Imkaan in addressing gaps in policy. research, and data responses through engagement with our Member5 as part of our membership work, aiming to enlian¢¢ policy outcomes for Black and minoritised women. 26
IMKAAN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH ?0?4 Comic Relief Awarded to Imkaan to offei" onwai'd grants focusing on the sustainability of Black and minoritised women and girls sector and crisis management durin(w COVID. Department for DCMS Onward grant located in Imkaan'5 Margin to Centre Fund covering Scotland and England to support BME women's organisations in the delivery of frontlinc work and to look at small-scale initiatives addressing 5UStainability God My Silent Partner To influence social policy and work- towards transformative change. This funding pays the salary of a policy worker who sits in the Policy team and works on a number of policy projects over tlie course of the year such a5 Rwanda scheTnc, National Disability Strategy, Online Harms Bill. Victims. Bill Commission. participating in the Covid-19 Enquiry research evidence on the experience of the Black and minoritised sector. 305eph Rowntree Charitable Trust The project monitors the impact of Structural inequalities int he policy environment and documents how these inequalities occur, where are the gaps in policy and responses to improved policy outcomes to Black and minoritised women. Lankelly Chase This project is a vision project. IL is about developing a vision for the ecosystem and sector. the purpose of the project is to think about how we resource and delOP movement in BME VAWG work. we have specialist consultants who are doing this work. London Council - Ascent Project The London Councils, grant contributes toward5 the development and delivery of training programme5 to London-ba5ed frontline refuge staff on areas including housing. supporting people and immigration law. It also contributes towards the production of community-based rc5earch. policy and information bulletins, as well as ensuring that the needs of BAMER women and children are reflected within mainstream service planning and ndIng policies. Oak Foundation - Core The Oak Foundation is a core grant towards the post of the Executive Director and the Operations Coordinator and to cover any &dditional core costs of die organisation including overhead. Oak Foundation - Legal Oak Foundation Legal Justicc Fund is dedicated to strategic liligation in cases where there have been microaggression5 andlor breaches of specific duties (Equality Act, Competition Law, Human Rights Law and the Social Value Act) by public authorities in tendering and commissi(ming. The fund will support organisations lo under legal actions where thcrc have been breaches. Open Society Foundation A projcct focuscd on assessing the impact of the 'dual pandemics - VAWG and COVID 19 - on Black and Minoritlsed Women and Girls towards long terni sustainability with the following activities.. policy analysis, Consultation with Inembers, and review of practice. l. DeF4nment for Di8ith], Cllltllre, Media & Sport 27
IMKAAN NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH ?0?4 Tallawah Project Oak Foundation Tallawah Project establishes a community resource for black and minoritised women creating the foundation for more equirable resourcing and grant management. While the project is independent, it involved Imkaan in the development of the work. Imkaan serves as fiscal host for the project with some governance responsibilities. Tides Foundation To support the activities of the anti-racism working group for the V A WG sector to deliver a series of workshops on the charter and develop the website. Treebeard Trust To deliver work addressing sector sustainability focusing on strategic issues covering development and planning to identify responses to risk.s and challenges facing the sector. Trust for London This funding is for an project focusing on housing policy addressing the needs of Black and minoritised wonien leaving violence and facing homelessness and other housing insecurity due to the lack of emergency accommodation and move-on housing options in London. Unbound Philanthropy Support the work of the Policy ieam at Imkaan to deliver a range of activities related to policy responses, anatysis and developing policy posiiions. WAFE- CAF Women's Aid Federation of England - Charities Aid Foundation Core support covering work with member5, capacity building. and training delivery. 13.2 Unreslricledfunds descrlptlon, nature andpHrposes General ndS Tlie "free resetves" after allowing for any designated funds. Analysis of Net Aets Belween Funds- Current Year Restricted Funds ?0?4 Unrestricted Funds 20?4 Total 2024 Tangible Fixed Assets Cash at Bank and in Hand Oiher Net Current Assetsl(liabilities) 12,793 413,497 52,136 1 ?,793 797,6)4 1.630,292 384.li7 1.578,156 Net Assets a5 at 31 March 20?4 1,962,293 478,426 2,440.719 28
IMKAAN NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH ?024 14. 1 Analysls of Jvel Assets Behveen Funds- Previous Year Restricted Funds 2023 Unrestricted Fund5 2023 Totsl 2023 Tangible Fixed Asset5 Cash at Bank and in Hand Other Net Current Assetsllliabilities) 15.407 573.181 533 15,407 1 ?30,05? 434,013 656.871 433,480 Net Assets as at 31 March ?023 1.090,351 589,121 1,679,472 15 Tru51ee Members. Remunerdlion & Lrpenses No Trustees and no persons elosely connected with them were paid any expenses12023 - £Nil). No Tru5tee5 received any remuneration for their services- l?O?J - £Nil). 16 Operuting Le(ues At the reporting end date, the charitable company had outstanding commitments for thture minimum lease payments under non-cancellable operating leases which fall due as follows. oirice Equipment 2024 Leasehold Property 2024 2023 Within One Year Between Two and Five Years 25,894 ?3,540 17 Related Party Tran5aclions There were no related paty transactions during the year (2023 - £750). 18 Reconciliailoft of Net Income lo Nei Cash Flowfrom Operalion Acllvitles 2024 2023 Net Income for the year 761,247 22,779 Adjustment for.. Depreciation (Increasel/decrease in debtors Increasel(decre&sel in creditors 6,487 {1,057.304) 1138,9751 6,206 159,88? 38,?07 1428,545) ??7.074 29
IMKAAN NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 8.1 Anafysls ofchanges In Nel Debt Asat -1 April 2023 Asat 31"Mar¢h 2024 Cash flow Cash in bank and in hand 1,230,052 (432,419) 797.634 30