COMPANYNUMBEIL. 04943395 REGISTERED CHA￿NuMBE1l. 1105976 (Company Limited by Gu8r8ntee wilhout Slwe Capitsl) REPORT & FtNANCIAL STATEMENTS FOR THE YEARENDED31 MARCH2025 INDEX TO FINANCIAL sTATEME￿￿s FOR THE YEAR ENDED 31 MARCH 2025 Page No. 9-12 Illdcpendent Auditor's Rq)ort 13 Statement of Finaucial Activities (including Income 8lld EX￿nditi￿e 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 requIrC￿ents 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 COmpa￿e8 A¢t 2006 reknting to smaller entitics. EFERENCEANDADMLYISTK4TJYEINFORNUTION Charity N4me 04943395 Ch￿lty nun 1105976 Re￿￿leTed 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 DeCe￿ber 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[K￿c. Period reviews will be done in line with a Teview of all governance frameworks. and appoin1n￿l 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 In￿aan'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 Tn￿tte$ 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 tn￿teeS and appoiniments are reviewed on a rolling basis. Tn￿tee5 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 cotLtIdLntI￿Ity agreement before 2ttending thc firs.t meeting. Trnstees also have tbe opportunity of accessing (M-going support alld mentoring from existing Tn￿t¢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 T￿￿te¢S is respOnsi￿le 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 0￿rational 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 expenditi￿C 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￿￿[ ￿￿￿tarRe￿Oib￿￿. P￿IEY1￿￿￿or Operslio Manf&8oT PotIry￿￿dp￿2¢l cD￿din￿10r Deve￿9￿￿nI 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. Tn￿eeS will review Imkaan's positio￿ risks and Opp￿ullItIes 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 PERFOR￿LaNcE 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, H￿￿ersfIe1 Ipswich, Leicester, LiverpooL LondoD, Manchester, Mertbyr TYdf￿ Middlesborougty Newcasile, NewporL Rochdale, Kotherham, sheffiel￿ Swansea and Wrexham. Our Valm Social juslice EqU￿lty 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 ￿l￿Ority etbnic wome.n and girls. At Imkaan, we recogllise that VA WG is a lundamellÉHI violation of our human righL$ and one that I￿S 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 der￿e 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 Li￿WI¢dgL. (family, housing, equality, welfare rigbts, migrant women's issues aud migralion, and other related fields), ILgal justice covering C0￿MISsIon]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, ac￿editatio￿ 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 qU￿lty assurance and use of p8rticipalory fratneworks, management and governance, advocacy. organisation and movetnent building, Cap￿lty building, networkin& specialist VAWG training alld training for trainers accredtÈation, policy at￿lYSIS 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 qU￿lty assurance, policy development and accredAted training delivered to our members as well as t￿￿Ough 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 cOmn￿s1Oll1llg TooIkit (9016, updated 20??) which is aCco￿PanIed by a National Statement of F.xpectatiOlls (2022). Imkaall bas developed specific 'by for, sector qu￿llY 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 fi￿d]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 requireM￿ts, 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 fi￿dIn& 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 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 at￿utable to unrestricted funds. Inc0Th￿fvrn ChaTitableAcliwli Restricted Unrestricted Totsl 2025 2025 2025 Total 2024 Training and Consultancy Perforpnance related Grants London Council- Ascent Project Oak foundation- HO￿ing 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 org￿lsatIo￿% 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 PaYme￿t$ 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 char￿ng.. 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 colltn￿uti0ns 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). Defvedconfv￿￿1J0￿pe￿si0n The cllaritable company Contn￿utes lo a defiued c0n1n￿llt10n 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 fU￿ncIal liabilitie5 Mea￿￿ed 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.. aM￿￿ntsfaII1llg 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}rtmL￿t 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 TTh￿t 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 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￿/edfv￿s 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'SAidFdcMionof￿81all0- 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 rne￿bers as part of our meM1￿rShiP wort aiming to enhance policy outcomes for Black Comic Relief Awarded to Imkaan to offer onward grants focusing on the Sustai￿billty 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 S￿la1 policy and work towa￿8 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 Arn￿t of structural inequalities int he po]icy envIron￿ent 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 re￿￿e 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 B￿ck and minoritised women's orgaDithoLs in collabordtive wo& Imkaan I￿S 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 ￿e￿be[S who provide It￿ge, 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 In￿8all 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 Tan￿le 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 I￿Se 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 Rel￿edF￿rfY 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 oPer￿10￿ALl1lIIhES 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