COMPANYNUMBEIL. 04943395 REGISTERED CHANuMBE1l. 1105976 (Company Limited by Gu8r8ntee wilhout Slwe Capitsl) REPORT & FtNANCIAL STATEMENTS FOR THE YEARENDED31 MARCH2025
INDEX TO FINANCIAL sTATEMEs FOR THE YEAR ENDED 31 MARCH 2025 Page No. 9-12 Illdcpendent Auditor's Rq)ort 13 Statement of Finaucial Activities (including Income 8lld EXnditie AccA)UJrt) 14 Balance Sheet 15 Statetllent of C&sh Flows 16-28 Notes to the Financial Slatements
TRUSTEES'ANNUAL REPORT (ll+lCLUDING DIRECTORS, REPORD FOR THE YEARENDED 31 MARCH 2025 The Tntstees presents their rq)ort alld financial statements for tbe year ended 31 March 2025, which are also prepared to meet the requIrCents for a directors, report and accounts for Companies Act puwses. This rep IHS been prepared in ac¢ordall¢e with the Statement of Recon)mended Practice- Ac¢ountiD8 and Reporting by Chariti¢s (FRS 102) aod in accordance with the special provisions of Part 15 of the COmpae8 A¢t 2006 reknting to smaller entitics. EFERENCEANDADMLYISTK4TJYEINFORNUTION Charity N4me 04943395 Chlty nun 1105976 ReleTed ojfve and Opemlional addrus Tindlemanor. 3rd Floor 52-54 Featherstone Street London ECIY 8RT and TrNsled The Board of Tn]stees constithtes directors of the company for the purpose of company law and trustees for the puq)ose of cbarity law. The trustees serving during the year and Since tbe year end were &s follows: Co Chair Co Chair Tre&surer (Appointed 10 December 2024) Jean-Ann Ndow Car]inda Lopes Rina Mehta Kassandra Tejero Nadeshda Jayakody Nafisa Gudal Kaveri Slwma Appointed 10 December 2024 Appointed 10 December 2024 Resiglled 01 August 2024 Resigned 10 DeCeber 2024 The trustces are elected at the ADnual General Meetinii. No trustee received any remun¢ration for seThices during the year (2024-Nil), nor have any beneficial interest io any Contract with the charity. Semor Mandgemenl Team The daY-t{Y xnat¥ement of the clwity is delegated to the Executive Directors. Ghadah A]n&sseri M8ry Clarke (left 30 June 2025) The Co4yerative Ballk PLC P.0. Box 250 Skelmersdale WN8 6WT Sl4th1ory Audth>rs Bar¢ant Beardon Limiled 8 Blacksto¢k Mew5 LoDdon N4 2BT
TRUSJEES'ANNUAL REPORT (INCLUDNG DIRECTORS, REPORD FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCEAND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporated in 1999 as a joint initiative by Newbam Asian Women's Project and Brent Asian Women's Resource Celltre. The company is governed by its Memorandutn of Association. It was registered as a charity with the Charity Con]mission on 22nd SeptenLber 2004. In the event of the company being wound UP all members present, and 12 months past are required to contribute an amount nol exceeding £ l. As aspects of the organisation's work have continued to evolve sin¢e its Inceptio the charity will be periodicalty reviewing its governance documents to ensure that the governance frameworks are fit for pw)ose and reflective of the cutrent landscape. These documents were l&st reviewed in March 2023 and remain relevant to the charitys pUt[Kc. Period reviews will be done in line with a Teview of all governance frameworks. and appoin1nl of the Trnsteew The DirL"¢lors of1he COTnpany are also charity trustLX for the purposes of Clwity Law and under the ¢iJmpally's ArtiLIcs are knowry as members. Imkaan rttruits potential Trustees through a variety of methods. Recrllittnent fo]lows Clwity Commission guidelines wbich include 'word of Jnouth,, advertisements whicb are placed on Inaan'S owll website and publications wbich are sent to Imkaan's key stakeholders iDcluding refllge ststutory, voluntary and community-based agencies, fimders and other key agencie5. ID)kaan may also advertise in national newspapers to recruit Trustees. ID)kaan I$ a strong public profile withill the sector and therefore potential members are also attracted tbrougb referral thr(mgh parkner agencies, througb Imkaan's involvement and representation at external events, conference and strategic meetings. Imkaan's Trustees are able to contribute a wealth of skills 8lld expertise to the orgaDisation in the areas of men's violence against women, the llee(18 of Black and milloritised communities, social and economi¢ justice, development of international rights-based work addressing the needs of di&spora communities leaderslllp, and organisational developEnent. All trustecs apptying to joill the board are askLd to submit an up40-date CV and complete a Board of '[n(CeS skills audit. ITllkaall Lomplies with due diligcnce ID the appointmcnt of Tntte$ by tsking up T¢IL'rences, attendiDg a comprehensive inductioll Oll the policies, governance framework and work of the organisation, and by completing the data proteclion and ¢ollfL(JentiaJity Statement. Trnslee induction ond training The existing TDJStees approve new tnteeS and appoiniments are reviewed on a rolling basis. Tntee5 are appointed for the skills and exp¢rience that they bring and tbeir ability to assist Imkaan to tet its cliaritable objectives. All new truslees must undcrgo an iudllctton with tbe Executivc Direclor who covers the history.. Visio missio purp)se of organisation alld its everyday operations. All Dew trustees are provtded with copies of Jjnkaan's annual Tq)Ort, accouots, pub]ications and documents that explain Imkaan's history. All new trustees a150 receive a wpy of the CFLartty's upc'rdtional policies and PToc¢duTes as wcll as giiidan¢c material published by the Charity Commission ou the respoD511)ilities of being a Trustee. Trustees sign the organisation's cotLtIdLntIIty agreement before 2ttending thc firs.t meeting. Trnstees also have tbe opportunity of accessing (M-going support alld mentoring from existing Tnt¢t5 AS tbey get to how thc organisation. Trnstees can also join sub-commtttees and with wups orgaDised by Imka20 addressing specific themes of the work that is delivere OrganKwtionalslrnclure and decision making IDJkaan's Board of Tte¢S is respOnsile for the overall direction 2nd strategic fo¢w of the orgaDisation. This involv¢s overseeing the organisation's pmgress. addressing personnel issu¢s that Tequire Trl¢C inpuL and deal with finallci21 matters that may bave a substantial impact on the organisatioll. Trustees meet as a Fu]1 board six Zimes cath year and additional Jneetings are held as and when require The Board of "frn5tees is responsil)le for the ovcrall governance and strategic development of the orgaoisation. The Board of Trustees delegates strdtegic development and 0rational delivery to the Executive Director of the organisation. They delegates operational delivery to the Senior Manag¢ent and Managers team.
TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORD FOR THE YEAR ENDED 31 MARCH 2025 The Execulive Director reports to the board througb a series of retths highligbting perfonnance and progress of worK risks arising, financial consideration& HR considerations and enlerging issues. The orgawsation's risk register> pojicy review frdMewO coverino governance, and strategic plan goals and priorities are reported annually to the board The board Teceives the management accounts on a six-montbly basis and a ryort 00 income and expenditiC on a tW(Fmonthty basis. In additiofy the organisthon has employed specific project slaff throughout the year to WO on a sessionaL part-time andlortemporary b&sis. Orz4n&salional SlrnL*4re 2025 Irnka Dan[ tarReOib. PIEY1or Operslio Manf&8oT PotIrydp2¢l cDdin10r Deve9nI The Board is aware of its responsibility to identify and review the major risk5 to which the organisation is exposed 8nd to implement systems to mitigate those risks. Risks are rq to the board in two ways: on the higblight report wJ)ich is received by the board every two months ¢overing project and orgaDisational risk and oll tbe TISK register Tey)rted every six months covering overall risks to In)kaan 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 manag¢d througb risk mitigation strategies iojplemellted by orgallisxtion. 'fhe report enablcs the Board io assess the direction of risk and a(lopt strategies as ne,eded to iddre.88 risk., Thrnugh thÉs proces5. the Board reRularly ¢<thets a review of tbe major risks to wbich charity is exposed. TneeS will review Imkaan's positio risks and OppullItIes every two months and on ao atmual basis wilh the aim of sUPPOrting Irnkaaa to access firlher resourcos to SW the charity's future expansion and developmellL Laternal control risks are minitnised through the implenJeDtation of 8pproprÉate financial managem¢nt Pr[dures. OBJECTIVES, ACTIPTTIES, ACHIEYEMENTSAND PERFORLaNcE objecliv andPublicAenef The organisation's mission and vision were reviewed at our strategic planning day with b08rd and team members in J8nu8ry 2014 and fo]lowing consultation with members. Our Imkaan's Vision is Self Determination and Aulonomy for every Black and miuoritised Wojnan and Girl. OurMi¥sion knkaall WO to end violence agaillst Black and minoritised Women and Girls by amplifyillg our diverse voices.
TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Imkaan n)anbership is open to orgallisations led by and for Black and minoritised women, workng towards ending violence against women and girls. In)ka8n currenily has 38 members across Ellglan Scotland and Wale4 based in Birmingh Blackbum, Bradforil Cardiff, Coventy, Darlington, Durbotn, Edinburgh, Gl&8gow, HersfIe1 Ipswich, Leicester, LiverpooL LondoD, Manchester, Mertbyr TYdf Middlesborougty Newcasile, NewporL Rochdale, Kotherham, sheffiel Swansea and Wrexham. Our Valm Social juslice EqUlty Int¢ted approach to end violence against Black and minoritised women and girls Black and rninoritised feminist FJDpowering 'Voi¢e' Human Rights approach AutheDti¢ity Imkwdll is a Black feminist organisation, working for and with other Black and minoritised violence against women and girls (VAWG) 'by and forforganisations. We center anli-rncism &s a key componcnt to tackIing VAWG. Jmkaan refer to Black aud miooritised women whose herstories origillat¢. from Afric& Asia. the Caribbean aud Latin America. Imkaan uses as shorthand the terTn 'by and for, orgallisations or services I'o refer to frontline women'5 suppori servicc5 set up and lcd and run by and for Black miuoritised wome[4 bllt we recugDise that there are mally Ott kinds of 'by and for, services such &s those supporting disabled Wome LGBT+ and otbers. Our approa¢h is rooted vu an underst8ndillg not only of men'8 violence against women and girls, but also the way inlcrsecting factors such 85 rac¢, age, class, caste, ethllicity. sexual orientation and disability can affect girls and women's journeys and experien¢es. As such we activety promote the leadership, autonomy Imd self-deterD]ination of B12ck and lOrity etbnic wome.n and girls. At Imkaan, we recogllise that VA WG is a lundamellÉHI violation of our human righL$ and one that IS implications withill a range of human rights fratncwodcs. Wc are con]mittcd to utilising (and Lxpandillg) existing humon rigbts approaches ill our work to end violence agaiust womell and girl5. ID)kaan aims to create safe spaces for black and minority etlmic women alld girls, to dere our perception of human identify our own priorities and to strengthen our voices at national and international levels. The organisation inittalty set out to provide services for refuges working with South Asian women and cbildreL Since (R consultation wltb stakeholders ill D¥LLiiib¢t. ?OL)), lu)kaaTh providcs advice, information alld practical assistallce includillg networkillg fortllns, capacity building and training to Black and minoriiised wi)meu's organi521ions and services in Englan(L Scotland and Wales. Imkaan w&s first estab]ished in direct response to an expressed need by front-line refuge stsff 8nd local second-tier service providers. The need for Smkaan's worf( &s a se¢ond-tier umbrella organisation is documented tbrough ouiinuou5 consultation with our mcmbers who provide uFto-dale Tnformation on thc issues and concenJ5 they expL'rience Im the frontline of service deliviry. Imkaan is clear in its Visioll to elcvatc voices of Black and minoritised women and girls 8nd ensure their represenlation in spa¢es where policy, funding and service delivery Im¢erns 8rc addresse& Strategic advocacy therefore forn a critical part of the worL tbey connect to the metobers and frames issues ellSUTing the narratives of Black and minoritised women and girls 8re moved from Ihe margin to the centre of the work. Imkaan holds extensive experlence with knowledge in the following areas: violence against women and girls (including so- called honour-based violence, sexual abuse and exploitatio sexual harassment includu]g other areas of VAWG), human rigbts (internatioiial aud regional Convenlion and natiolldl law, Black and tninoritksed fcminisni (theory and practkce). legal LiWI¢dgL. (family, housing, equality, welfare rigbts, migrant women's issues aud migralion, and other related fields), ILgal justice covering C0MISsIon]ng law and local authority prnctices (Focusing on the public sector equa]ity duty) social policy expertise aud social justice (from social policy administration to racc, gender and ¢]ass inclusion in the reforjn of welfare systems), i[U¢ll¢ltig work, Charities law, social development policy, among other related areas.
TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORD FOR THE YEAKENDED 31 MARCH 2025 Imkaan has skills in the following are&8: qualitative research and evaluation methodolo&y and epistemic thoughL Black and tllKnoritisLd feminisl research in tlaeory and applicatiofy a5¢$SMellt and quality assurance and use of participatory frdmLYorks, management and govemanc4 advocacy, organisatioll and movetnent budding: Capacity building. n¢tworking, specialist VAWG training and training for ttainers, aceditatio po]icy anatysis and dev¢lopmenL among other related are. Imkaan supports members througb a number of key areas of expertise in¢Juding qualitative TeseaTch and evaluation methodology and epistemic thoughL Black and minoritized feLnintst research in theory and applicatio assessment and qUlty assurance and use of p8rticipalory fratneworks, management and governance, advocacy. organisation and movetnent building, Caplty building, networkin& specialist VAWG training alld training for trainers accredtÈation, policy atlYSIS and development, among other related are&s. This work is done ID a llumber of ways including tbrough strategic consultation and feed into policy and planning work? P8rticipation in sector-wide alld strategic meetings (local, PaD-London and central government), and by infiuencing con]missionillg and other initsatives. Imkaan a]so provides ongoillg support and development of the specialist Black and milloritised women VAWG sector througb sustainability supporL qUlty assurance, policy development and accredAted training delivered to our members as well as tOugh robust evidence based resear¢b to ensure the voices of Black and minoritised women Are ryreselltelt Iryacl OfImkaan's Iyork Over the Year Irokaan is a national fern1 organisatioJ4 dedi¢ated to addressing violence 8gainst Black and minoritised women and girls. Wc are proud to SUPEK>rt 38 'by and for. membcr organisatious representing the expertise alld perspectivcs of frontlinl. specialist aDd dedicated Black and minoritlSLd women's orgallisation5. that work to prevent 8lld respood to VAWG every day. Our members provide vitsl, dedicated specialist services ill¢luding advice, advocacy, safe hou5iug, and mental health support. We provid¢ capacity building and sustsinabiLily suppori to OUT member organisations and undertake research, slrategic advocacy and policy work frotll a Black and minoritised feminist interseLti(Inal perspective. JJnka8n ba5 played a key role in shapiThg national 5l8ndar(Ls alld guidall¢e on funding. Our strategic advocacy has led to the inclusioD and recognition of thL distinct rolc of specialisL 'by and for, organisatious and VAWG cOmns1Oll1llg TooIkit (9016, updated 20??) which is aCcoPanIed by a National Statement of F.xpectatiOlls (2022). Imkaall bas developed specific 'by for, sector qullY assurauce standards to guide fuDdcrs and collllnissioners on how best to develop higb cillality specialist support provision for Black and minoriliscd women and girls subjected to VAWG. Thc standards rellect well cvidLnced and establish¢d 'by and for. knowledge and expertise of deliverillg independenL noD-Stathtory, holistic, trauma-iDfornie4 survivor infornied support ullderpinned by an intersectional and hunun rigbts approa Imkaalljoins as a pernianent member of the VAWG Strdtegy Advisory Graup. Ln]kaan l12s been invited to joill &8 a penllancntmember olthe Govenllllcnt's VAWG Stralegy Advisory Group (VSAG). Thc VAWG Strategy Advisory Board is being established to bring together key VAWG sector stakeholders and delivery parlna8 to infonn the development of the Government's new VAWG Strategy. The new cross-goven]Jncnt VAWG Strategy will set out the strategic direction and outline concrete actions the government will take to achieve its atnbition of halving VAWG withill a decade. The Executive Director of Imkaan gave oral evidence to tbe Home Affairs Cornmittee as part of its inquiry into funding for tacuing VAWG in April 2025. Her contribution f(used on the structural fid]llg illequa]ities faced by 'by and for, orgaoisations led by Black and minoritised womell. It w&s highligbted how competitive tendering processes exclude smalL specialist providcT5 who LXDnot meet in]mu threshom requireMts, while larger, mainstreatll organisatiolls equiEved with greater administrative and financial Tesources are bett¢r posittoned to navigate complex bids: offcring shorter delivery tim¢s and lower costs. This dynamic forces st[ller organisations into unequal partnerships where they often lack control ovcr referrals wid resources. ]n some instances, wbite-led organisations retaiu up to 700/0 of total fidIn& undcnnining the sustainability and specialism of 'by and for, serviLes. During thc oral evidence Imkaan called for nalional, multi- ye8r, ring-feured fllnding for thes¢ %ervices to ¢nwre they survivL and continue to meet the nee(Ls of Black 8nd minoritised victim-survtvors. It also noted that for every £1 in grant incoMe received by Imkaau membcr4 £4 is reinvested into the local economy.
TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORD FOR THE YEAR ENDED 31 MARCH 2025 On the issue of measuren)enL was stressed thai systemic rdcisnx infiuences how VAWG is reported a[ addresse<L and that 90 % of tmkaan members lack dedicated monitoring and evaluation stsff due to cl)ronic nderfndillg. It euwbasised the value of 'by and for, services in offering holistic, intersectionaL and culturally responsive SuPT notillg that survivors reatedlY express greater trust alld safety wilh these seryices compared to statutory bodies. The full oral evidence $esston can be viewed here https:/1parliamentlive.tvlEvelll/lndexla88922e2-Ocb34988-1- 833b1581036a#player-tabs). Imkaall has actively contrll)uted to several parliamentary illqUiTie& ensuring the voices and experxences of Black and minoritised women and girls are reflected in national policy discussions. In January 2025, In)kaan submitted evidence to the inquiry on the Mental Health Bill, higb]ighting how mentsj health legislation must recognise and respond to the intersection of rnce, gender, and traum parti¢ularly the ways in which Black aDd minoritised women are dispTOPOrtionatety subject to coer¢ive elltsl health tnterventions. That same mollth January 2025, Imkaan also responded to the inquiry on Couununity Cohesioty stressing the need for stsuCl investment in c()mmunity-led organisations and calling out the barn)ful effects of sl*e-led naEratives that SeCUTitise and marginalis¢ ra¢ially minoritised commwiities. In February 2025, ID)kaan [bItted evidence to the inquiry on Mental Health CoTnJnunity Services, empbasising the cbronic underfundiug of specia]ist 'by alld for, orgatiisations and the urgent need for culturnlly responsive, trauma-infornied care models rooted in the lived experiences of the women they In April 2025, ]mkagn submitted two written evidence to the bome affairs select committ¢e on VAWG and fidIng available bere (htips."I/con)mittees.par]iament.uklwoS944}ta¢k1jng-Vio1Cnc¢-againSt- women-and-gir1s-fimdinpUb]ICat1OnS1wnttell-tVIdecel?SearcbTemi-1Mkaall). Jn April 2025, Jmkaan responded to consuhation on the proposed ¢lwiges to the regulations Supported Housing (Regulatory Oversigbt) Act by Ministy of Housing, CollllThunities and Local GovernmenL Imkw alongside otber organisations in th¢ VAWG sector, published oinl briLt- cr (htips:l/www.in)kaan.org.uk/halving-what-measuring-vawg-briefwg) on the UK Government's mission to halve VAWG. The briefu)g lays out clear Principles aDd hard truths about the cllent state of measuring VAWG, exposing why existing m¢trics fall short of capturing the picture. It higblights the b]illd spots in data collection - such as the ex¢lu8ion of experiences faced by Black and minoritised women and girls - and Challenges the overrelian¢e on criminal justice statistics that miss the broader social ecollomic, and systetnic factors at play. Imfftdy, this briefing abo calls for a fundamelltal sbift: developing Dew apprtraches that centre ]ived realities of those most affected" elWlg data drives policy tbat is iaclusive, respoDsive, aod effective in truty halviDg VAWG. It's a call to pullbyYkr ¥xyu'Lb' Iv i¢thiuk bow Sucu'ess is dcfme(L trackc(L and achicvcd in thig Vitol misthlon. FUndraing Slandardlnfornwtson Inkn has received £45,603 (2024 - £27,104) in public donations during the financial year. These were Unsolicited donation4 alld Illlkaao does not (wrentty employ the services of a professional fimdrais¢r. Imkaan h&s received no complaints reg&ding the its fiwdraising activities and is developing a policy on fundraising to ensure that any filltber artivities in this regard do llot: intrude on a person's privacy. use unreasonably persistent approaches for the purpose of soliciting or otherwise procuri money or other property on beha]f of the charity. place Ulldue pressure on a person to give money or other prW. Financlal review Income generating activities include training for vohmtary and stalutory bodies, consultancy and research C(traCt% and other events. Total inc0e for the year ended March 2025 was £687,625 a decrease of £1,247,074 (fvl %) from the March 2024 of £1.934,699. Total expenditure to Mar¢h 2025 was £984,138 a decrease of £189314 (160/0) from expenditure of £1,173,452 in 2024.
TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORD FOR TAE YEAR ENDED 31 MARCH 2025 The defjcit of £296,513 is a decrease of£i,057.760 over the Surp1 of £761247 (March 2024). At 31 March 2025 gener21 LU]restricled reserves weLt £320,813 (20?4 - £401,906) and resiTiCted reserves w¢re £1,823,393 (2024 £2,038,813). Owing to the sbort-terni llature i.e., one-t<FtWO-year funditi& agreements the cRlty continues to submit relevant bids, as well as diversify its funding sources to n]ntain its curreDt level of activity. Both the bo8rd of trustees and the senior management team are well placed to respond to the challellges ahea(L The TrSteeS has established a policy whereby the unrestricfrd fijnds not committcd or invested io tangible fixed assets free reserves") held by the charity should be a minimum three months of the resources expended. This budgeted cxpenditsLre for 2024125 is £1,036,44l, however. of thi5 figure £285,1100 is for otlward grant awar(ts, and not part of hnkaan's day to (Y expeuditure. or tbe rcdu¢ed fjgure of £751:441 the Te5erves tsrget is belweeu £187 860 and £375,720. Any firther free reserves should be alloLated lo a designat¢d for the provision of employment and statf LY)Sts, and for the capital expenditure on a new resourLc celltrL.. At this level 1hc Trust¢Vi feels that thcy would be able to colllinue the current a¢tivities orth¢ charity in the evenl of a sigDifiL8nt drop ID funding. Ai present, the free reserves, which amounl to £320,813 are within the target level. Restricted ful$ are set aside in accordance with the tenns and ¢onditions laid down by the funds ID question. Pay Policy The Trustees s¢t Ihe renumerntiou of the key manag¢ent personnel by compariDg job descripti{ with Similar roles in comparable organisations and other external datA of its Compardtors. Principal FMndin& Somrc Imkaan's core funders for the period 1ncllldL City Bridge Trust. which provided core grant fijllding. Oak Foundalion CorL GranL whiclj fimded the org8ni5&Ii('5 Core operations" and Oak Foundation Housing Proje¢L which Support Itnkaall ID regrdnting fuudg to fficmbs to eollect dala and con(knct reSeah on various a5PCL%s of Black and minorilised woJncn's housing experiences, helping to build d comprehensive understanding of these experiences to IornI policy and strategic work. Comic Reliefs Global Majority Fund funded tlljkaan's developnt of rLgrdnting infrastructure wtthiu Imka8n dnd regrant fiJDds to grassroots organisations. Lankelly Chas¢ fimded the developmetlt of a vision for the sector's ecosystem and its future sustainability. W.A.F.I (CAF) provided core 5UPPOrt funding, covering work with Th]]kaan's mcmbers, capacity buildg. and training deuvery. London Councils funded training and develOpent in parlnership with the London VAWG Collsortium. Additional income was gcn¢rated from revenue from research, evaluation wo& and trainiug. Ilow axpendthire in Iheyear has supportedihe key obiecrfiva oflhe ckndy Fundillg for the year ended M8rch 2025, has supported In)kaan to deliver on all aspeGts of its prOed objectives including cOmu1ty-baSed researc trainins policy-worK and sustainability support for specialist Black and minoritise&led women's services. PlansJor Fulure Periods c£tinUed dcvelopment wod( with members expaDding the ac¢r¢ditstioll and mcmber traiuin8 program& Expansion of nlembers, involvement and l¢arDing cv¢nts. Increase of cor¢ membership. Increase aod diversify fimding strategy. Development of the Strategic Litigation Fund. Developing an effective Collllnunications strategy, rebranding alld enhancing social media readL Ensuring that the organisation is financially seCre for the Dext 3-5 years.
TRUSTEES'ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEARETr4DED 31 MARCH 2025 Slalemthl oflhe frusleu ResponsiSilili The lrnstees who arc also the directors of Imkaan for th¢ purpos¢ Lompany law, are rL'sponsible for prcparing the Trustees, AEmua] Report and the financial statemenls in accor<lance with applicable law and Unitcd Kingd Generally Accepted Accounting Practice (UK GAAP). Company law requires the trustees to prepare financial statements for cach 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 expellditure of the company for the flllaucial year. In prcparing those financial statements, the Board is required to: select suitable accounting policie5 aDd then apply them consistently: observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgnents and estimates that are reasonable alld prudenL state whether applicable UK accounting standards ha beell followed subject to any maleri81 departeS disclosed and explaincd in the fanCial Slateellts; prepare the financial stat¢ments on a going Collcern basis unless it is inappropriate to presume that the clwiiablc compny will continue on that basis. The trustees are sponsI7)le for keeping adequate accounting rL'cords which disclose with r¢asonablL accuracy at aoy time the fJnan¢ial position of the cotnpany and to enable them to lsure that the financial stat¢ents compty with the CompaniL% Act 2006. They are also rcsponsilTrle for safeguarding the assets of tbe compally and hence for tsking re&sonable steps for the prevention and detection offiwd and other irregularities. In so far as the InteeS are aware: there is no relevant audit infortoation of which the ¢baritable company's auditor is unaware; and the truslecs have taken all steps thai they ought to have taken to makc Ihemselvcs aware of any relevant audii inforniati(m and to establis'h tFLat thc auditor Is aware of that inforniatioll. Publie Benefts SIalennt The Tne&s CODfmn that they have complied with tILe duty in Section 4 of the CIltieS Act 2011 to have due regard to the Charity Commission's general guidance on public benefi¢ ' Cbarities and lknblic Benefts" These fancial statements have been prepared in accordance WAth the Charities Statcment of Recommended Practic¢ IFRS, 102) aDd in accordanLe wilh spcL'il yi'uViSiOJ)s ofpart 15 of Ihc CotDP(Lnies Act 9006 re]2tin8 to small entities. This W was approved by the TnL8tees 8Dd signed on its behalf by: Jeao-ADn Ndow Co-chair Carlinda Lopes Treasurer
INDEPETrENT AUDITOR'S REPORT FOR THE yRENDED 31 MARCH 2025 We hllve audited the fitwicial statements of Jmk&qo for the year ended 31 March 2025 which compiise the Statement of Fine1a1 Activilies, the Balanc¢ Sheet and notes to the financial Stateents, including a summary of significant accountin8 policies. The financial reporting framework that has been applied in their prepaTfAtion is applicable law and United Kingdom Accounting Stsnd8rd5 including FiDancial Reportillg Standard 102 The Financial Reporting Standard applicable in the IJK and Rqjublic of Jr¢land (United KRDgdom Generally Ac¢epted Accoullling Practice) In our opinion Ihefvtmcialslatements.. have been pDperly prepared in accordance with United Kingdom Gencrdlly Acccpled Accounting Prnctice. and have been property prepared in accordallce with the req.uiremcnt of the Compallies Act 2006 give a true and fair view of the state of the charitable company's affair8 as at 31 March 2025 and of its incoming resources and appli¢ation of resources, including its income and expenditure, for the year then ended; Bas&flor opinion We ¢onducted our audit in accord8uce with Illt¢rnational Standar(Is on Auditing (IJK) USAS (UK)) and applicable law. Our responsibilities wider those standards are further described in the auditor's responsibilities for the audit of the Iiuancial statcmcnts section of our report. We are independcnt of the cbBritable company in aLcordallce with the ethical requirem¢nts that are rclevant lo our audit of the fmancial slatemellts in the UK including tbe FRC'S Ethical Standrf and Ive Ilave fu]filled our other ethcai responsibilities in accordance with these requirements. We believe that the audit evidence we have obtains] is sufficient and apprOlate to provide a basis for our opinion. Con¢iwions relating to going concern In audiiing the financial ststements. we have concluded that the trttts' use of the goiug concern basis of accowiting in tbe preparation of the f]llancial ststements is apprupriate. Based on the work we have perfornie(L we have not identified any material unrertainties relating to events or ondition5 thaL individualty or collectively, may cast significant doubt on the charitable company's ability lo Continue as a goin8 conccrn for a period of at least twelve months from when the fiuancial statements are authorid for ]le Our responsibilities atLd the responsibi]ittes of the trustees with respect to going concern are (kscnl)ed ill the r¢levant sections of this report. Other infornmlion The other infommtion ¢omprises the inforniation included in the iThstees' Tlla1 ryorL other thgn the fithn¢ial statcments and our auditor's rcport thereoll. The trust¢e5 $e responsible for Ihe other iDforn]ation eontaiu¢d within the aal reFK)rt. Our opinion on the fingncial statemcnts doe5 not cover the other infonnation except to the extcnt otherwi5c explicitly stated in our rcporL we do not expres5 any fonn <Jf assurauce conclusion there0 Our Tesponsil)ility is to read the other inforniation an(L in dotng so, con%ider wheihLr the other infomtIOn is m2tLrially inconsistent with the financial statrments or our knowledge obtained in the course of the audit or otherwise appears to be materially misststed. If we identify such material inconsistenci¢s or app8rent material misstatements, we are required to detCTtuine whether tbis gives rise to a nthterial misstatement in the fmancial statements themselves. If, based on the work we have perfornie4 we conclude that there is a nY4terial misstatement of this other infonnation, we are required to rq)ort that fact. We have nothing to ryort in this regard.
INDEPENDENT AUDtEOR' S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Opniion on olher nwllerspreseribedby the ConWaniAd 2006 In our Opinio b&sed on the work undertaken in the course of the audit: the inforn]ation given in the trustees. report (incorporating the directors, report) for the financial year for which the fmanciai statements are prePad is consistent witb the fllwlcial ststements; and Mallers on whieh we are Tequiredts rw¢ by eweplion In the ]igbt of our knowledge and underst8nding of the clwiiable company and its enviroDment obtained in Ihe Course of the audiL we have not itkntified material misstatements in the directors, report. We have nothing to report in respect of tbe following matters in relatioll to which the Comparues Act 2006 requires us to report to you if. ill our opinion: adequate accounting reconls have not been kepL or returns adequate for our audit have been Teceived from branches not visited by us; or the fanCIal statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, Temiineration specified by law are not made: or we have not received all the infonnation and explanations we require for our audit. or the lrnstees were not elltitled to prepare the financial statements in accordance witb the SDJall compaDies' regitlle and tske advantsge of the small companies, exemptions in preparing the directors. T¢POrt and from Ihe requirement to prepare a strategic reporL Responsibili1S of Irustees As wAplained more llY in the trustees, resy)nsibilities statement s¢t out on page 10. the trustees (who are also the directors of the c]witsble company for the pury)oses of company law) are responsible for the preparation of the fmancial statements aod for being satisfied that they give a true and fair view, and for such internal control as the tnLStees detennine is necessary to enable the preparation of financial statements that 8re free from material misstatemenl, whether due to fraud or error. In preparing the fmancial statetneDts, the trustees are responsible for assessing the charitable company's ability to ¢ontlnue as a going L'ullLvn4 dl¥¥lusiu? uppii¥abl4 Dtter$ rclatcd to going conoern ond using the goiug ¢oncem basis of accouniing unless the trustees either intend to liquidate the clMritable company or to Cease opernlion& or bave no realistic alternative but to do so. Amdilor's reJponsibilitKsfor the of thefinanci4lslalenwnts Our objectives are to obtain reasonable wrnce alx)ut whether the fmancial statements as a whole are free fro mateTial misstatemcnL whether thie to fraud or em)r, aod to issue an audilor's report tbat includes our opini(5n. Re&8onable assurance is a high level of assurance but is not a guarnotee that an audit conducted in accordance witb ISAS (UK) will always detect a material misstatement wben it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggcegate, they could reasonably be expected to inlluence the e¢{OlC decisions of users t8ken on the basis of these fioancial statements. 10
INDEPENDENf AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Irregul&thw including fraul are instances of non.compliance with laws ana regulations. We design pn)cedures in ]ine with our responsibilities, outlined abov4 to detect material misstatemeDts in respect of iffeglllarities, including fraud The extent to whicb our procedures are capable of detecti irregularities, including fraud is detailed below: the engagemellt partner ensured that Ihe audit team I1 the appropriate c{)Petence, cawability 2nd skill to identify and recognise any non-comp]iance with applicable laws and regulations. we identified suth laws and regulations appjicable from our discussioDS With trteeS alld other anagement and from our knowledge and experience ofthe sector" we focused on specific laws and regulations which we considered nY have a direct material effect oll the financial statements or the operations of the ch8ritable COllApany, including the CompaDies Act 2006. the Clwities Act 2011 and the Charity SORP (FRS 102)" we considered the provisions of other laws and regutstions that do not have a direct effect on Ihe financial statements but compliance with which migbt be fimdamentsl to the charitable company's ability to operate or to avoid a material pen21ty, itkcludillg the GeDeral Data Protection Regulation (GDPR). Anti-frau(L bnTrw and {X)Mtion Ieglslatio Taxation legislation and Etllployment Icgislation" we assessed the extent of compliance with laws and regulations identified above througb making enquiries of management and inspecting legal COTrespondenc¢" and identified laws and regulatii)ns were cOlnu1cated witbin the audit team alld the teall) rcmailled alert to instances of non-compliance througbout the audit. We assessed the susceptibility of the clwitable company's fillala1 statements to lllaterial misstatcmen( including obtsining an understsnding of how fraud might occur by: making enquiries of management as to where they considered tIe was susceptibility to fraul their knowledge of actual, suspected and alleged frauC' and csidering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To addras Ihe risk offrnud ihromgh nHmagemen¢ bias and ovem'de of conlrols, we.. perfornied anatytical procedures lo identify any unusual or unexpected relationships. tested journal entries to identify unusual Iransa¢tions" essed whether judgements and assumptions made in deterniining the accounting estinleS were indicative of potential bias" aod illvcstigoted the rntionole behind significant or unu181 trallsac,ti(Trns. In respfflse to the risk of iTreguknities and non-compliance with laws and regulation& we designed pr(aures w]h include(l t were not limited to: agrecing financial statement disclosures to ullderlying SUPEK)rting documents reading the minutes of meetiDgs of those charged with governallce" and enquirtng of managcment as to actual and potential litigation and claiffis. Because of the inherL'llt limitations of an audiL there is a risk that we will not detect all irregularities iticluding those leading to a material miSstateellt in the fiD8ncial statements or non-comp]iance with regulaliou. This risk increases the more that compliance with a law or regulation is removed from the events and traDsactions reflected ill the finAncial statements, as we will be less Ill(ety to become aware ol instances of non-coujpliance. The risk is also greater regarding irregularitics occurring (lu¢ to fraud rather than error, &s frdud involves iDtcntional CODcealmeuL forgery, Collusio OD)iSSiOll or misrepresentation. description responsibilities available the FRCS website .%:IlwwTrv.frc.OT -uklaiiditoraudIt-ttsslanee/a[ldItor-S-Tes oDsiI)ilities-for-the-audit-ol""the-fvdcs lii)n-ot" thc-audit0/UE?oIQ80 %99s-res ollsihililies-for. Thi5 description fOrD Part of our auditor's report. 11
INDEPENDENT AUDITOR, S REPORT FOR THE YEAR E14DED 31 MARCH 2025 Use ofour reporl This report is made solely to the clwitable compally's members, as a body, in accordance with Chapter 3 of Part 16 of the c(PanIeS Act 2006. Our audit work bas been ertaken so that we might stste to the cknitable company's embers those matters we are required to state to them in an auditor's report 8nd for no other purpose. To the fi)llest cxtent peEmitted by law, w¢ do not accLPt or assiitne respo]bIlIty to anyone other than th¢ charitable comp8lly and the ekwitable company's members &s ¢1 body, for our audit worK for this rL'porL or for the opinions we have foTmeiL Muke5h Kbatri SellioT Stathtory Auditor For and on behalf of BARCANT BEARDON LIMrrED Chartered Accountants Stathtory Auditors 8 Blackstock Mews Islington London N4 2BT 12
STATENfENT OF FINANCIAL ACVITIEs ONCLUDNG INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 31 MARCH 2025 Notes Restricted UDrestricted Funds Funds Total Funds 2025 Total Fwids 2024 ITrcon and endowmentsfrom.. Donations and legacies CI11abk activities 363,282 252,713 45,603 26,027 408,885 278,740 1.888,256 46,443 Tolai income and endOv1ents 615,995 71,630 687,625 1,934,699 Charitable activities 828.419 155,719 984,138 1,173.452 Total expenditure 828,419 155,719 984,138 1,173,452 Net incomel(expenditure) (212,424) (84.089) (296,513) 761247 TraLsfers between fim&8 12,996) 1996 Net movemcllt in funds for the year (215,420) (81,093) (296,513) 761,247 Reconcllialion offmnds Total funds brougbt forward 13 2,038,813 401,906 2,440,719 1,679,472 Totsl funds carried forward 13 1.823,393 320.813 2,144,206 1440,719 All of the above resth are derived from continuing activiti¢s. There were no other re¢ognised gains or losses other than those stated above. Movements in fimds are disclosed in note 13 to the financial statements. The Statement of Financial Activilies also complies with the requiremellts for an Incon and expenditurc accoullt under Ihe cuWEYdUi AL12006. 13
BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 Notes 2025 2024 Tan1)1¢ FIX Assets 8,401 11793 Current Assets Debtors Cash at bank and in halld li 1235J68 956,416 1,679,739 797,634 2.191,784 2.477,373 Creditors: Amounts falling due within one year 12 (55,979) (49,447) Net Current Assets 2,135,805 2,427,926 Net Assets 2,144,206 2,440,719 Funds Restricted fimds Ullrestricted funds- General fuDds 1,823,393 320,813 2,038,813 401,906 13 Totsl fillMIs 2,144,206 2,440,719 These financial statemcnts are prq)ared in accordance wilh the special provisions of Part 15 of the Companies Act 2006 relating to srllall companies. Signed on behalf of the board of tsvstees: Jeall-Ar Ndow Co-chair Carlinda Lopes Treasurer The notes on pages 16 - 28 fonll part of these financial statements. Company Registration No. 04943395 14
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2(Y25 2024 Cash flow from (ltIllg activities Net cash provided by operating activities 18 160,780 (428,545) Cash flow from investing activities Interest income Pwch&se of tallgible fixed assets (1,998) (3,873) Net c&sh (used ioyprovided by investing activities (1,998) (3,873) Net increase in c&sh and casb equivalents in the year 158,782 (432,418) Casb aod cash equivalents at the beginning of the ye8r 797,634 1,230,052 Cash and cash equivalents at the end of the year 956,416 797,634 ADalysis of $h and c&sb equivalents C&sh in bank and in hand 956,416 797,634 Cash and cash eqllivalents at the end of the year 18.1 956,416 797,634 15
NOTES TO THE FANCIAL STATEfv(ENTS FOR THE YEARENDED 31 MARCH 2025 Accounling Policies Imkaan is a private compally Jimited by guarantee with no share Capital incorporated in England and Wale& In the event of the charity being woulld up, the liability in Tespect of the guaralltee is limited to £1 per member of the charity. The address of the registered office is given in the charity inforniation on page l of these fllyancial statements. The nature of the charity's operations and principal activities are dedicated to endiug violence agai[ women and girls. As a second-tier umbrella human rights orgaoisation witb national membership, Imkaan represents the expertise and perspectives of frontline specialist womell's services that work to prevent and respond to violence against women and girls. Imkaaa does this by ekvatiDg the voices of Black and Tllinoritised women and girls in policy, research ond advocacy spaces. 1.1 Gemernl infonn(thon and baSif ofpreparahon The following are tbe more importaut policies adopt¢yJ by the charity. a) The chority CODstitutes a public benefit entlty as defed by FRS 102. The fLnancial statements have been preparal in accord8nce with Accounting and RertIng by Clwities: Statement of ReconLmended Practice applicable to cb8rities preparing their aonts in accordallce with the Financial ReportiDg Standard appjicable in the UK and Republic of Ireland issued in October 2019, the Financial Kertu1g Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). tbe Clwities Act 2011. the Conwes Act 2006 and UK Generally Accepted Accouri Practice. The fmallcial statements are PTepared on a going Concern basis under the historical cosl convcnlion. The fjuancial statements are presented in sler]ing, which is the fimctional currency of the company. Monetary atllounts in these fjnancial statements are rounded to the nearest £. The significant accounting policies applied in the pryaration of these flllancial statements are set out below. These policies have been consistently app]ied to all years presented unless otherwise stated. b) All incoming resources are included in the Ststement of Financial Activities (SOFA) wben the clwity is legally entitled to the income after ally [rf0rn)all¢e conditions have been mel the amount ¢aD be measured reliably and it is probable that the income will be received. c) For dollatious to be recognised the ch8rity will have been notified of the amounts and the settlem¢nt date in writillg. If there 8re conditions attached to the donation and this requires 8 level of pertonnan¢e belore entitleKncnl can be obtained then income is deferred until those conditions are fiY met or the fillfjlment of those conditions is within the control of the charity and it is probable that they will be fulfille d) Income from tradillg activities includes illcome earned from fundraisillg events and trading activities to raise fill5 for the charity. Income is received in cxchdnge for supplying services iu order to rdise fid5 and is recogoised when entitlement has occurred. e) Income from governlllent and other grants are recogllis¢d at fair value when the charity has entitlement after any perforn]&Dce Conditions have been meL it is Probable that the income will be received and the 8mount Call be measured reliably. If entitlement is not met then these amoullts are deferre D Where practicable, ftS in kind donated for dislnl)utioD to the beneficiaries of the charity are included in stock and donations in the fJn8ncial statements receipt. If it is impracticable to assess the fair value at receipt or if the Gosts to undertake such a valualion outweigh any benefity then the fair vah]e is recognised &8 a compollent of donations when it is di5tributcd and an equivale atllount Tecognised as charitable expenditure. g) Gifts in kind donated for resale are included at fair valu< being the expected pro fioDJ sale less the expected Costs of sale. Where estIntIng the fair value is practi¢able upon receipt it is recogaised in stock 16
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2025 and 'Income from other trddiog activities,. Upon sale, the value of the stock is charged against 'Income from other trading activities, and the proceeds are recognised as 'In¢ollLe from other trading activities,. Where it is impracticable to fair value Ihe items due to the volume of low value items they e not recogDised ill the financial statements until they are soliL This income is rnogllised within 'Income frolll 'Ji other trading activities,. Fixed asset gifis in kiud are recognised when reccivable alld are included at fair value. They are not deferred over the life of the asset. h) Other income include5 other income such as gains on disposals of tangil)le fixed as5cts. i) Restricted funds arc to be used for specified pury)ses as laid down by the donor. Expcnditure which meets these criteria is identified to the fimd. j) Unrestri¢ted fidS are donatiODS and other inwme received or generated for charitable purposes. k) Fixed assets are for use by thc charity in fi]Ir]ng its main charitable objects. Items are capitalised when the purchase price exceeds £500. Depreciation is provided OD all fixed assets at Tates calculaled to write off the cost of each &sset over its estillted usefill lifr. The depreciation rates in use are as follows: Office Equipment (inc Computers) Fixtures, Fittings & Equipment Building Work and Renovations 5 years straight line (20¥0) 5 years straight line (200/0) 2 years straight line (500/0) The gain or loss arising on the disposal of an asset is determined as the difference between the sale pmceeds and the carrying value of the 8sset and is recognised in net income/(expenditure) for the year. At each reporting date, the charxty reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impainnent loss. If such indication exists, the recoverable amount of the &8set is estimated in order to detere the extenl ofthe impairment loss(if any). l) All leases of equipment are operating le8se& 2nd rentals are charged to the Statement of finallcial activities on a straight line basis over the length of the lease. No assets are held under hire purcbase m) Governance costs include the managemenl of the charitable conwgs &ssets, organisational management alld compliance with constitutii)nal and statut.ory re<Diire.tnent8. c.nst nf raising fiiuds re.lates to the costs incred by the charitable company in raisiug for the charitable work. n) Debtors are recognised by the Charity when invoices issued by Imkaan for work that ba5 been complete as well as upon the signing of a grant agreemenL or an amount that has been paid ill advance for golxls I services. Debtors also include amounts receivable on grant funding to which the charity is cnlitle(L o) Creditor5 are recognised by the Charity when invoices isslled by a supplier, for work that h&s been complete4 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 beell prepared on 8 going cCern basis. The trustees have considered period of one year from the date of approval of tbe rtnancial statements. l]Le cFL8rity had a surplus on unrestricted fimds in the 12 month period ended 31 March 2022 of £535,160 and at that date had net currfflt assets of £1,635,080. 17
NOTES TO IHE FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2025 The &)ard of Trustees baving looked at the ]atest 1118uagement accou for 2022123. together with the budget estimates for 2024r24 are ccnfident that the curreDt level of grants will be sustaine4 gnd that the COll3ultancy work will achieve a surplus on unrestrictive fimd4 therety increasing those funds positive balauce. The tnkn considcT it appll)priate to prepare the financial statements a going concern b&sis because measures are being put in place which they consider will enable the charity to operate at a surplus and pay liabi]itses as they fall dlle. Additional fimding is beiDg activety sougbL Cash alld cash equivalents include cash in halld, deposits held at call with banks other short-ternl liquid investmts with original maturities of three months or less. and bank ovenlrafts. Bank overdrafts are The charity b&8 fioaDcial assets and fuclaI liabilities of a kind that qu4]ify as b&si¢ financial inslruments. B&sic financial iostrumellts are initially recognised 8t tIwrtiOn value and subsequendy measured at their settlement value. The cost of any unused holiday entitlctllent is recogoised in the period in which the ejnployee's servA¢es are Teceive Ternlinatioll benefits are recognised immediatety as an expense when the charity is demonstrably COMled to tern11¢ the employment of an anployee or to provide termItiOn benefits. Payments to defried contribution retirement benefit schemes are charged as an expense as they fall due. In the application of the charitys accounting policies tbe TTUStees are required to make Judgements, estimates and assumptions about the Carrying amount of assets and liabilities that aTe not readily apparent from other SOUTces. The estimates and associated assumptions are based on historical experience and other factors that are c(sidered to be relevant. Actual results may differ from these estimates. IJ Key Assumpixon Staff Costs, are allocated in a¢corknce with staff time, research & deVelopellt fe4 payments to parlner org8nisatioDS bad debts written off and bire of premises are allocated on a direct basis on usage) all other costs are allocated based on usage. The estirnates and vndertying assumptions are reviewed on an ongoing basis. ReVisiS to accounting estimates are recogoised in the period ill wbich the estitDate is revised where the revision affects onty tbat perio<L or ill the period of the revision and future periods where the revision alfects bolh cutrent future periods. At each quarter-end and the end of each financial year the Trnstees review overdue / outstanding balances based OD the aged debtor's analysis of debts by Project. At the end of each year trustees witl be pr¢sented with a fiD8nce Teport Tegarding the lll(e]thcM)d of collecting these debty ba8ed on previous experiencc. The result is either a deGr or an increase in the provision of this debt and WAU be r¢flccted in Projects accounts. 18
NOTES TO IHE FD4ANCIAL STATEMENrs FOR IIIE YEAREI4DED 3 1 MARCH 2025 Inconwfrom Dontitions andLegaci Restricted Unrestricted 2025 2024 City Bridge Trust Colc Relief Golden Giving- DoD2tions ShareGift . Donation Joseph Rowntree Cbaritable TTUSt La[ellY Ch&se Oak Foundation- Core Funding INO 2) Oak Foundation COVID Paul Hamlyn Foundation Barkbone Grant Trust for LondoD WAFE -CAF' Funding 1202,900 260,000 27,104 80,000 80,000 25,603 20,000 21.116 141,666 115,500 5,000 25,603 20,000 21,116 141,666 115,500 5,000 51,446 115,51 16.0(K> 45,6(M) 169,706 363,282 45,603 408.885 1,88&256 Income from donations and legacies w8s £408,885 (2024 - £1,888256) of wbich £363282 (2024 £1,845.152) was attnl>utable to restricted funds and £45.603 (2024 £43.104) was atutable to unrestricted funds. Inc0Thfvrn ChaTitableAcliwli Restricted Unrestricted Totsl 2025 2025 2025 Total 2024 Training and Consultancy Perforpnance related Grants London Council- Ascent Project Oak foundation- HOing Project 26,027 26,027 18265 21114 230,599 22,114 230,599 28,178 252,713 26,027 278.740 46.443 Analysu ofExpendthire on CharilobleActivtsiu- Currenl Year Restricted Unrestricted I'otal Fun Funds 2025 Basis of allocation Total 2024 Costs direclty allocaled io acliwlies Staff costs Research & Developmeut Fees Payments to Parfller orglsatIo% Monitoring & Evaluation Hire of Premises Accrcditation Costs Project Costs Bad Debs Written Off stsff Wellbeing Staff Trnining & Recruitment stsff Travel & Accommodation Bursaries & Other Beneficiary Payments Staff tijne 493.624 9,162 204.800 13,853 5.481 752 iJ92 66,584 40,538 560.208 456,633 49.700 60.093 204,8(M) 304219 13,853 14,925 8,046 1.983 752 581 2,333 5,050 235,788 1.478 Direct 2,565 Usage Usage 941 Dire¢t Direct Usage 8,490 5,603 9,996 3,130 8,490 6,723 10,367 3.130 1.120 371 3,631 l. WIMlleo'sAidFeda*i4JQ ofEngJaud-CbaTiti¥AidF¢)ulld#ioo 19
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2025 Basis of allocation Restricted Unrestricted Fullds Funds Totsl 2025 Totsl 2024 Govern4inee eosts Legal & Professional Fees Bookkeeping & Accountancy Fees Auditor's Fees 3,580 6,030 8,565 3,022 11,970 4,011 7.120 14.195 10.560 18,01 12,576 Support costs Premises Costs Usage Usage Usage Usage 25,464 3,000 6.818 16.008 2.671 4,320 257 985 15,316 3,719 29,784 3257 7,803 31,324 6,390 26.660 2252 8,210 6.748 6,486 Telephone Office & General Expenses Depr¢¢iation 828,419 155,719 984.138 1,173,452 4.1 Anatysis ofEwJenditiire on Chan"l(thleAdivities- Prevlous Year Basis of allocation Restricted Unrestricted Fun(ts Funds Total 2024 Total 2023 Costs dire¢lly allocated to activih Staff costs Research & Development Fees Payments to Partyer Organisations MonttorinB & Evaluation Staff time Direct Direct Direct Direct Usage Usage Direct 374,401 34,646 304,219 14,925 1.983 477 4,720 229,664 1,102 6,022 82232 25,447 456.633 547532 60,093 285,935 304219 1,015,430 14,925 1.983 581 5,050 235,788 1,478 6.840 3.631 Accreditation Costs Project Costs Bad Debs Written O Staff Wellbeing Staff Training & Recrnithient Staff TT2ve.l &. Acr,()U)£ati0n Usage Bursaries & Other Belleficiary PaYmet$ Direct 104 330 6,124 376 818 795 1,131 10,664 21,962 8,997 110,686 Legal & Professional Fees Bookkeeping & Accountancy Fees Audltor's Fees 7,120 5,440 8,460 7,120 14,195 10.560 9.078 22,185 8.755 2.1(Ki Support costs Usage Usage Usage Usage Direct 16.639 1200 3,850 3,129 10.021 1,052 4,360 3,619 6,486 2A660 2,252 8,210 6.748 6.486 27261 1.851 12.199 11.051 6207 Telephone Office & General Expenses 1,010,668 162,784 1,173,452 2,101,769 20
NOTES TO THE FfNANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2025 NelJnconwig RuoMrc4gfor Ihe Year 2025 2024 This if Stated after charng.. Depreciation Trustee's expenses (Note 15) Auditor's fees Operatlng lease rentals- Le&sehold Propety (Note 16) 6390 6,486 12.576 25,688 10,560 23,540 Staff Costs andNumbers 2025 2024 Staffcosts were asfollows Salaries & Wages Social Seciirity Costs Employer Pension colltnuti0ns 505,096 44,178 10,934 406261 42,400 7,973 560,208 456,633 &1 There were 2 (2024 - 3) employees who received total employee benefits (excluding eLDployers' pension contributions) of more than £60,000. &2 The average monthly head count was 10 (2024 - 9) alld the montbly number of full-time equivalent employees (including c&8ual and part time stsffj during the ye8r w&s as follows: 2025 2024 1.00 0.53 Project Work 8.03 0.67 8.02 0.42 9.70 8.97 3 The totsl amount of employee benefits rec£ived by key management personnel is £150,419 Q024 - £92.449). The company considers its key persozmel to comprAse its Senior Management Team. &4 Included within 2025 salaries and wages is a tern]in[0D payInent made to two employees comprising of a pwnent in lieu of notice of £8,895 (2024- £29,166) and an ex ti& payment of £7,350 (2024 - U,038). Defvedconfv1J0pesi0n The cllaritable company Contnutes lo a defiued c0n1nllt10n pension schetne for all qualifying employees operdtedbyNESTPensions. The charge to illcome and expenditire acc¢)unt in respect of defmed contribution scheD]es w&s £10,934 (2024 - £7,973). The charltable company is exempt from corporation tax as all its income is charitable and is app]ied for clwitable purposes, under S466 to 493 CTA 2010. 21
NOTES TO IHE ELNANCIAL STATEMENTS FOR IHE YEAR ENDED 31 MARCH 2025 rémgthle FiredAssets Building Works Office Fixtures Equipmellt & Fittings Cost At the start of the year Additions 4,700 55,751 1,998 16,534 76.985 1,998 At the end of the ye 4,700 57,749 16,534 78,983 Depreciation At the start of the year Charge for the year 4,700 46,333 4,702 13,159 1,688 64,192 6,390 At the end of the year 4,700 51,035 14,847 70,582 Net Book Value At the start of the year 9,418 3.375 12,793 At end of the year 6,714 1,687 8,401 io rwancialInstruments 2025 2024 Carrying amount of financial assets Debt instruments measured at amortised Cost 2,191,784 2,477,373 Carrying atuowit of fUncIal liabilitie5 Meaed at amorlised cost 55,979 49,447 11 Deblors 2025 2024 Grants Receivablel Accrued Income Trade Debtors Prepayments 1.209,130 23,950 2,288 1,670,157 7,593 1,989 1235,368 1,679,739 11.1 The graots receivable includes £987,61M) (2024 - £I,096.700) from the City Bridge Foundalion that is reLoveThble more tILan a year after 311t March 2025. 11.2 Of the totsl grants Teceivable £1,159,275 (2024 - £1,578,156) are atÈnThutable to tbe restricted fimds and £49.855 (2024 - £92.000) unrestricted fimds. 22
NOTES TO IIIE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12 Credilors.. aMntsfaII1llg due wiihin oneyefjr 2025 2024 Taxation and Social Security Trnde Creditors OdLer Creditors 13,097 6,531 2,307 34,044 9,180 2,687 2.030 35550 55.979 49,447 13 Anafysis of chariÉablefvids- Currentyear l April 2(Y24 5n¢oJning Outgoing Resource5 Resources Transfers 31 March 2025 RaslricledFund City Bridge Foundation Comic Relief Dep}rtmLt for DCMSI God My Silent Parlner Joseph Rosvlltree Foundation Lallkelly Chase LoDdon Councils - Ascent Project Oak Foundation- Core Funding Oak Foundaiion- Legal Defence Fwid Oak Foundation- Housing Project Global Dialogue Open Society Foundation Tallawah Project Tides Foundation Treebe8rd TTht Tn for London 1,202.91X) 360.400 64,789 23,168 91,134 247 (96279) (94,850) 1,106,621 345550 64,789 80,01 (23,168) 21.116 {71,l95) 141,666 (141,913) 22,114 (22,115) 115,500 (115,500) (5,000) 230,599 (228,599) 5,(X)O (2250) 41.055 26,208 195,0(Ki 26,208 190,000 2.0(K) 2,750 3.5(M) 3,500 27.156 25,400 3,390 15,520 (27,550) 394 25,4(K) (3,390) 15,520 Total Restricted Funds 2,038,813 615,995 (828,419) (2,996) 1,823.393 Unreslnetsdfunds Gelleral Fwi<Ls 401,906 71,630 (155,719) 2.996 320,813 Total Fund8 2.440,719 687.625 (984,138) 2,144206 i. DewroBeDLforCuibJre. Mrola & SWL 23
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAKENDED 31 MARCH 2025 13.1 Analysif of charts4blefunds-Prev1o year l April 2023 Jncoming Outgoing Transfers 31 MaTch Resources lie50urces 2024 ReslnctedFunds Chanel Foundation City Bridge Foundation Comic Relief Department for DCMSI God My Silent Partner Joseph Rowntree Charitable TTUSt lankelly Ch&8e London Councils- Ascellt Project Oak Foundation- Core Funding Oak Foundation- Legal Defence Fund Open Society Foundation Tallawah Project Tides Foundation Trecbeard Tnt TrSt for London WAFE- CAF2 247,486 (247.486) 1.201900 260,000 1.202,900 360,400 64,789 23,168 91,134 247 120.000 64.789 25,918 73,787 61210 (19.600) (2,750) (34,099) (60,963) 28,178 (28,177) 115,500 (115.500) 51.446 26,208 195,000 3,5(K> 271,375 (400) 3,390 (2,702) 26,208 195,0(K) 3,5 27,156 25,400 3,390 15,520 (304,219) 60,000 25,800 45.6(M) (27,378) 169.706 (170.496) Total Restricted Funds 1,090,351 1,873.330 (1.010.668) 85,8(M) 2,03&813 Unrestrictedfunds General Funds 589,121 61J69 (162,784) (85,800) 401,906 Total Funds 1,679,472 1,934,699 (1,173,452) 2,440,719 112 ReSIr/edfvs descriptioffj nalmre andpurposes Descrytion, nathre andpurposes of Ihefvnd Name ofresth"cledfund Chanel Foundati( Identify the ways BME wotnen are imp8Cted by inequBlity. with stuall WOTncn's orgallisati0Th5 addressinB their needs and strengihLning Imkaan member's nclwoTk. This grant Was awarded for a period of thr¢e years from Set 2021 to Aug 20?5. The entire grant of £4?6212 was recognised in the M2fL.h 2022 year end By mutual agreement bLbtween Iwkaan gnd Chancl Foundaiion, the program ended in August 20?4. Against the income receivdble of £42621? Imkaan had ¢xpenditurc of £196,548 the baIancc of £?29,664 has been written off as 2 bad debt as stated on page 2? of these accounts. 2. Wthllell'SAidFdcMionof81all0- Chaits¢sAidFoimd*ion 24
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Cty Bridge Trust In September 2024, lrnkaan w&s awarded a ten year grant by Cty Bridge Trust to support tmkaan in addressing 8aps in po]icy, researc and data responses througb engagement with our rnebers as part of our meM1rShiP wort aiming to enhance policy outcomes for Black Comic Relief Awarded to Imkaan to offer onward grants focusing on the Sustaibillty of Black 8nd minoritised WO¢ and girls sector and crisis management during COVID. DepaTknent f(r DCMS, Onward grant Iijcated in Imkaan's Margin to Centre Ful covcring Scotland and England to support BME women'5 orgaDisations in th¢ de]ivery of froutline work and to look at small-scale initiatives addressing sustsithility God My Silent Partner To influence Sla1 policy and work towa8 transforniative change. This funding pays the salary 0£ a policy worker who sits ID the Po]icy teatn and works on a number of policy projects over the of the year such as Rwanda scheme, National Disability Strategy, Online Harn)s Bill, Vict]ll, Bill Conllnission, participating in the Covid-19 Enquiry researth evidence on the experience of the Black and minoritised sector. Joseph Rowntree Charitable The project monitors the Arnt of structural inequalities int he po]icy envIronent and documents how these illequalities occur, whcre are the gaps in policy and responses to inLproved policy outcomes to Black and minoritised women. La[ellY Chase This pmject is a vision proje¢L It is about developing a vision for the ecosystem and sector. the PUTpose of the project is to th1t about how we resource and develop lnovellkent in BME VAWG work. we have specialist consultants who are doillg this work. London Coua¢il- Ascent Project The London Councils, grant Lontributes towards the development and delivery of traiuing programmes to London-b&sed frontline ree staff on aTeas including housing. supporting people illlllligrntiou law. It a]so contriTr)utes towards the production of community-b&sed Searc policy and iDforn]ation bulletills, as well as cusuriDg thal the lleeds of BAMER women and children are Tcflected within mainslTeam service plannTDg and funding policies. Oak Foulldation- Core The Oak Foundation is a core grdllt toward8 the post of the Execulive Director and the Operations Coordinator and to cover any additional core costs of the organisation including overhea(L Oak Foundation- Lcgal Oak Fouudation Leg21 Justice Fund is dedicated to strategic ]itigation in cases where there have been microaggrc55ions an(Vor breaches of specifjc duties (Equality ACL Competitioll Law, Hutnan Rights law and the Social Valu¢ Act) by public authorities in tendering and ¢OD)missionillg. The fund will support orgallisations to uoder legal actions wh¢r¢ there have b¢ell breaches. 25
NOTES TO THE FtNANCIAL STATEMENTS FORIHE YEARENDED 31 MARCH 2025 Oak Fowidation- Housing lkniect Recoguising the significant gap in housing po]i¢y aDatysis from the perspective of Black and minoritised women kaving violence in the UL this national project brings together Bck and minoritised women's orgaDithoLs in collabordtive wo& Imkaan IS rL"grdfJted seven of our members org2nisatioll5 as core fijnding of £25,4X)O per allllum for three years for their participatioll alld engagenient ID the projecL The project parmers are all kaall ebe[S who provide Itge, move-on accommodatio and hollsing-related sUPPOrt for women forced to leave their homes due to violence. The project ainls to use research methods and ensure that women with ]ived experience help to steer the work Global Dialogue A]so refcTred to as the contingency fimd. The £5,000 allocated to Imkaan for onward srdnting to support the financial needs of members in the afierniath of the racist riots of the summer of 2024. The project documents these experiences and advocates for resources to address the disproportionate impact of racist violence on Black aod Djiooritised Open SocAety Foundation A projert focused on &ssessing the impact of the dual pandemics - VAWG and COVID 19- oll Black and Minoritised WOMCD aod Girls towardg long terni sustainability with the following activities: policy analysis consultation with members, and review of practice. Tallawah Project Oak Foundation Tallawah Project establisbes a COJTuouuity re8our¢e for black aod Jnilloritised women creating the foundation for more equitabje resourcing and grant rnallagement. Ivhile the project is independenL it involved In8all in the development of the work In)kaan serves &s fiscal bost for the project with some governaDce responsibilities. Tides Foundation To siipport the acttvities of the anti.Tacism working group for the VAWG sector to deliver a series of workshops on the clwter and develop the website. Treeheard Tni8t To deliver work addressing sector 8U8tainability focusing on 8trntegi¢ issues covering development and plallllillg to identify responses to risks and challeDges facing the sector. Trust for London This funding is for an project focusing on housing policy athjressing the needs of Black and minorilised women Icaving violence and facing homelessness and other housing insecurity due to the lack of emergency accommodation and 0Ve-On housing Options in London. Unbouud Philanthropy Support the wod( of the Policy team at In)ka2D to deliver a range of activities related to policy responses, anatysis aud developing policy positions. WAFE_ CAFI Wornen's Aid Federation of England- Charities Aid Foundalion - Core support wvering w{k with members, capacity buildin& and trainiJ]g delivery. 26
NOTES TO THE FtNANCIAL STATEMENrs FOR THE YEARENDED 31 MARCH 2025 13.3 Unreslncledf4nds dacriplion, nalure andpurposes General fu0&8 The'free reserves- after allowillg for 8Dy designated fund8. 14 Anatysis 4•fNelknets Between Funds- Current Year liestricted Unrestricted Funds Fullds 2025 2025 2025 Tanle Fixed Assets Cash at Bat& and in Halld Other Net Current Assetsl(liabilities) 8,401 292298 20.114 8,401 956.416 1.179.389 664,118 1,159,275 Net Assets as at 31 March 2025 1.823.393 320,813 2,144206 l&1 Analys ofJVetAssets Behveen Fund5-PreVi(M Year Funds 2024 Funds 2024 2024 Tangible Fixed Assets Cash at BaJk and ill Hand Other Net Current Assets/Oiabllities) 12,793 336,977 52.136 12,793 797,634 1.630292 460,657 1,578,156 Net Assets as at 31 March 2024 2,038,813 401,906 2,440,719 TrxTtee Manbers, Remuneration & Ewnses No Tr and no persons closely connected with them were paid 8ny expenses (2024 - £Nil). No Tnistee.s re.c,c.ivr.d any remimeration for their scrvices- (2024 - £Nil). 16 Op¢ralingLe4Lfes At the reporting end date. the cbaritable company had outstanding commilments for future minimum ISe payments under non-cancellable operating leases whAch fall due &s follows. Office Equipn]ent 2025 Leasehold 2024 2025 2024 Within One Year Between Two and Five Years 25.894 25.894 17 ReledFrfY Tran5acIioKs There were no related p8ty transactions during the year (2024- £Nil). 27
NOTES TO IHE FINANCIAL STATEMENrs FORIHE YEARENDED 31 MARCH 2025 18 Recon¢lliation ofNel Income lo Cash Flowfrom oPer10ALl1lIIhES 2025 2024 Net COme for the year (296,513) 761247 Adjustsnent for. Depreciation (Encre&seydecrease in debtors ¢re&4eJ(decTease) in Creditors 6,390 6,487 444.371 (1,057,304) 6.532 (138,975) 160,780 (428,545) l&1 Analysis of changes in Nell)ebt l April 2024 31 March 2025 C&sh in bank and in hand 797.634 158.782 956.416 28