Charlty reglstratlon numbor 1122960 (England and Wale$) Company regislrntion number 06188059 DIVERSITY HOUSE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 • xeinadin
DIVERSITY HOUSE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr S A Davey Mr T O1ufemJ0lhaM Mr P O Locke Mrs C Locke Charity number (England and Wales) 1122960 Company number 06188059 Registered office Isp House Church Street Sittingboume Kent England ME10 3EG Independent examlner Xeinadin South East Limited 12 Conqueror Court Sittingboume Kent United Kingdom ME10 5BH
DIVERSITY HOUSE LIMITED CONTENTS Page Chaimian's statement Trustees, report Statement of trustees, responsibilities 10 Independent examinerfs report 11 Statement of financial activities 12 Balance sheet 13 Notes to the financial statements 14-22
DIVERSITY HOUSE LIMITED CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Dlversty house equallty, diversity & inclusion statemenL Diversity House is committed to promoting equality, valuing diversty.. being fair and inclusive in all our work as- a charity that tackles social inequalities.. a service provider and an employer,. treating our stakeholders. service users, and staff (paid and unpaid) wilh dignity and respect and therefore ensuring that the equality duties are being meL We aim to build equalty, diversity. and indusion (EDI) into everything we do. Diversty House believes EDI promotion is vital in cornbating injustice against those with proteded characteristics under the Equalify AGI 2010. It is illegal and unfair for a person to experience a disadvantage based on a ptotected characteristic.. all our staff and stakeholders are entitled to expect thal they will be treated fairfy. Diversity House strives to be a more indusive workplace since non-discriminatory businesses operate more effectively and get the most significant rewards. By utilising an intersectianal approach in all interventions. we will continue to be a fully inclusive service where diversity is welcomed. resp8Cted. and treasured. As an Equality and Human Rights Champion. we require all our partners and collaborators to comply with equalities legislalion and actively promole Equality, Diversity, and Indusion (EDI). Alms To ensure equalty of opportunity and QLrtcome To promote an inclusive CUUre To secure freedom from discrimination based on gender, sexual orientation, culture, race, faith, belief, physical, sensory, or learning disability, mental or physical health, age, social or marital status, gender reassignment, pregnancy, and maternity. To ensure that no individuals or groups are denied access to SeICe8 To promote diversity within a safe environment for all potential and Gu8nt seNice users and staff in both seiCe delivery and employment praclice To identify factors and barTiers which may result in prospective or actual servtce user5 being disadvanlaged either dire¢lly or indirectly To take rneasures to compensate for these factors and remove barriers To continue to tacklè discrimination by prowding accessible seNices and creating in¢lusive support environments To include assertive community outreach as part of our deltvery approach, ensuring that those living in Tural areas or unable to reach us are targeted and supported. l am pleased to confirm that Diversity House Limited supports the len principles of the UN Compact conceming human rights, labour, environment, and antiwcorruption. With this commitment, we express our intent to advan these principles within our sphere of influence and comrnunicate it to our stakeholders. We also pledge to take part in the activities of the UN Global Compact where appropriate and feasible - through. for instance. participation in Local Networks, involvement in specialised initiatives and workstreams, engagement in patlneiship projects, and reviewing and providing rnMentary to participating companies on their communication on progress".
DIVERSITY HOUSE LIMITED CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Chair's Réport- Diversity House, 2025 This has been a highly productive, yet undeniably challenging. year for Diversity House. The ongcing cost-of-living crisis continues lo strain the emotional and financial wellbeing of the already disadvantaged ¢ommunities we seNe. Nevertheless, Ft is with bolh humility and pride that I report that, in our 18th year, Diversity House remains strong, resilient, and unwavering in its mission. Refleding on nearly two decades of service, l am profoundly moved by how far we have come. lthat we have achieved, oftèn against the odds. speaks to the courage, dedication, and vision of our staff, volunteers, and Twstees. Their commitment continues to fuel our progress and sustain the communities that rely on us. In 2025. our work nIred around five core areas. each supported by foGused sub-projects and communty initiatives.. 1. Empowèmient 2. Diversity House Generlc Services 3. Capacity Building 4. Health and Wellbeing 5. Consultancy Across these strands, we have delivered a breadth of meaningful, lrfe-improving seNices. Among the key achievements this year werè: Centre for Women and Glrfs Innovatlon and Empowemient {CWGIE Empowernient Through Digital Innovation Multicultural Food Bank Dog & Cat Food Support Programme BAME Healthy Eating Programme Ext8nsive one-to-one 8UPPOrt, crisis interventions. and school-based engagement Even as the fijnding climate becomes increasingly uncertain. DNersity House continues not only to deliver but to innovate. We have responded to emerging Community needs with agility, launching new initiats'ves where gaps exist and strengthening existing programmes to ensure Continuity of impact. Securing sustainable continuation fundlng remains a priority, SO that the progress achieved through these widely valued projecls 1$ nol lost. Our reputation for partnership building and social leadership continues to grow. This year, l attended the United Nations UK Networf( event in London, collaborating with key national actors drivrng foThvard the UN Sustainable Development Goals. I was also honoured to be inviied by two UK women's organisations to deliver speualist training, recognition of Divetsity House's leadership and expertise in equalty. indusion. and empowennent. To fortify our financial resilien, I further developed our consultancy portfolio, including delivering generational gap training for London Cremation. Consultancy provides an important avenue for unrestri¢ted inrne, helping us sustain our core charitable seniices in the fa of rising demand and tightening resources.
DIVERSITY HOUSE LIMITED CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 As Chaiwperson and Chief Executive Officer, this year has brought profound learning and reflection. Th8 intensifying cost-of-living Crisis has challenged us to continually adapt our delivery model, ensuring we remain responsive to the escalating needs within our communities. Yet through these trials, I remain deeply honoured to lead this organisation, guiding it into a fLrture in which we are detem)ined to see our nation rise beyond austerity and inequality. Diversity House enters 2026 financially stable. mission-driven, and fuiure-focused. Our strength lies in the collective efforts of our dedicated stsff, skilled volunteers. and committed Board of Trustees. whose shared passion enables us to pursue our vision with boldnes5 and hope. Deus Vos Benedicta. God bless you all. DT Christine Lod(e CEO
DIVERSITY HOUSE LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present the annual report together with the financial statements of the Charity for the year ended 31 March 2025. The finanaal statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming document, the Companies Ad 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectives and activities Our Charitws purposes are as set out in the objects contained in the Company's memorandum of association. tt is established for the benefit of disadvantaged communities. particularly those from a minority ethnic background in Kent. but not excluding others. The Charity's objects are: to promote community integration. inclusion and cohesion in Swale and Kent, in particular. the advancement of education and training. Ihe relief of need by the provision of advice, assistance, information, drop-in serrfices and the promolion of equality and diversity. The aims of our Charity are to reduce the level of social inequalities in Kent as a result of the socially constructed factors of gender, racelethniryty, disability, culture, religion and beliets and others. This can be achieved by advan¢lng education and raising awareness in equality and diversity. and promoting activities to foster cultural understanding between people from dNerse backgrounds. Ensuring our WO delivers our aims We review our aims. objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the su¢¢ess of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activrties remained focused on our ststed purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefft when reviewing our aims and objectives and in planning our fulure activities. In particular. the trustees consider how planned adivities will contribute to the aims and objectives they have set. Public benefit The ttustees have paid due regard to guidance issued by the Charity Commission in deciding what ac*ivities the charity should undertake. Artivities The focus of our wort Our main objectives for the year continued to be the promotion of equality, diversty. indusion, and intersectionality. and also the reduction of disadvantages. The strategies we used to meet these objectives included: Providing a range of seNices which are refiective of relevant qualty stsndards and address the potenlial problems related to social inequalities. Focusing upon limiting lack of access and disengagement which comes with discrimination and people feeling that they are at the edge of their communities. Combining the application of the Equalty Act of 2010. intersectionalty. and the ten principles of the United Nations Global Compact with respect to human tight, labour, environment. and anti-corruption. Working in partnership with other agencies to ensure thal the widest ranges of services are available that best matches the needs of our service users.
DIVERSITY HOUSE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Public ben8fi1 Given the policies and objectives of the Charity. as stated above, the Trustees, report on the aspects of its activities which encapsulates 'publi¢ benefit.. In order to actualise our vision as stipulated earlier. Diversity House offers the following setvices, 5ummarised below: IAG Culture and heritage Mentoring and coaching Education and training Drop-in-services Diversity House Youth Club Gender-speofic projects Communify cohesion programs Health education Health promotion Community engagement Soaal networking events Volunteering Business briefing Employability program Knowledge exchange Culiural competency for practitioners Work placements Group session Consultancy Fundraising Support Strategic report The description under the headings 'Achievements and performance" and "Financial review" meet the Company law requirements for the trustees to present a strategic report.
DIVERSITY HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢hlevements and p8rfomian¢e SignlfiGant activities and achieven7ents against objectives During the reporting period, Diversity House invested considerable strategi¢ effort into fundraising lo support the continuty. expansion, and long-term sustainability of our programmes. As the charitls prinupal fundraiser and lead bid writer, the CEO dedicated approximately 817 hours lo this work. This included extensive desktop and primary research, gathering robust evidence of need, conducling community consultalions, and undertaking detailed gap analyses. activities essential to developing strong. compelling, and community-infonned proposals. Alongside grant development, the CEO also raised income through specialist consultancy se[vi$ delivered lo extemal organisations. This dual approach. combining targeted bid writing with professional consultancy, not only slrengthened the charitls unrestricted funding base but also highlighted the depth of expertise that Diversity House continues to offer within wider community and professional nelworks. A major focus of fundraising this year was the Centre for Women and Girls Innovation and Empowement (CWGIE) project. CWGIE prOg$Sed into the final year of its threewyear funding cyde, supported significarrtly by the £135,404 toup grant awarded by the National Lottery Reaching Communities programme in July 2024. This continued investment was crucial in enabling US to sustain and enhance delivery throughout the period under review. In recognition of the programme's strong outcomes and the profound difference it ¢ontinues to make, preparation has already begun on a continuation funding application to secure its future beyond December 2025. Throughout all fundraising efforts, Diversty House remains firmly Committed to responsible, ethical, and transparent practIs. Our fundraising ethos prioritises meaningful community impad, alignment with real and emèrging needs, and the long-tem) value of our work for the individuals and families we serve. Every funding opportunty is approached with diligence. integrity, and an unwavering focus on advancing the charity's mission. Financial rnvlew Résgwés policy It is the policy of the ¢harity that unrestricted funds which have not been designated for a specific use should be maintsined at a level equivalent to beeen three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in Ihe event of a significant drop in funding, they will be able to continue the ¢harity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the yèar. Prin¢lpal fiinding source$ The principal funding Jources are Big Lottery Fund, Heritage Lottery Fund, other government agencies and local authorities There was no deficit in the year. Structure? governance and management The Charity is controlled by its governing documents. a deed of trust and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Mr SA Davey Mr T Olufemi-Jotham Mr P O Locke Mrs C Lo¢ke Mrs G B C Opara (Resigned 4 August 2024)
DIVERSITY HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recrnitment and appointment of trustegs lthen new or additional trustees are reqUId then beneficiaries and client organisations are invited to submit nominations and subject to their compliance with the Memorandum and Articles of Association they are considered by the governing body of trustees for election. Induction and training of tmst98S We have instituted policy or procedure for the training of trustees and within the period under review had carried out trustee skills audit to identify what skills our Itustees have and whal additional skills that are required to wn the charity successfully.
DIVERSITY HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisatlonal structure The board of trustees meets regularly as a full board. There is also a standing committee comprised of Ihe honorary officers. The Director l Manager of Diversity house make recommendations to the board of trustees and monitor operational aotivities. Staff and Volunteers of the charity have delegated aulhorty to cary out day to day work within poli¢ies agreed by the board. Financial standing orders give neSSary auth0ri5ation of different amounts. Alajor risks and management of those iisks sk Management Assurance against Fraud 2nd error The trustees have a duty to idenlify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assuran against fraud and error. Flnancial instruments Objectlves and policles The Charitys activitl8s expose it lo a number of financial risks induding credit risk, cash flow risk and liquidity risk. The use of financial derivatives is govemed by the ¢harity'S policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does nol use derivative financial instruments for speculative purposes. Cash flow risk The charity's activili8s expose it primarily to the financial risks of changes in foreign currency exchange rates and interesl rates. The charity uses foreign exchange foTward contracts and interest rate swap contracls to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. Cdit rlsk The charity's prineApal financial assets are bank balances and cash, trade and other receivables, and investments. The charty's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowan for impairment is made where there is an identified loss event which. based on previous experience. is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is lirniled because the counterparties are banks wlh high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Liquidty risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finanGe. Further details regarding liquidrty risk can be found in the Statement of accounting policies in the financial slatements.
DIVERSITY HOUSE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees. report, induding the strategic report. wa5 approved by the Board of Trustees. Mrs C Locke Trustse 5 December 2025
DIVERSITY HOUSE LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for pparing the trustees. report and the financial statements in accordance with the United Kingdom A¢counting Stsndards (United Kingdom Generally Accepted Accounting Practice) and appli¢able law and regulations. The law applicable to charities requires the trustees to prepare financial statements for e8¢h financial year which give a true and fair view of the situation of the charity and of Ihe incoming resources and application of resources of the ¢harily for that period. In preparing these ffinancial statements. the trustee5 are required to: seled suitable accounting policies and then apply them ¢onsistently-, observe Ihe methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disdosed and explained in the financial statements. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that th8 chariiy will continue in business. The Iwstees are responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the fsnancial ststements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detedion of fraud and olher irregularities. The trustees are responsible for keeping adeguate accounting records that disdose with reasonable a¢curaGy at any time the financial posltion of the charity and enable Ihem to ensure that the financial statements compty with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen¢e for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10-
DIVERSITY HOUSE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DIVERSITY HOUSE LIMITED I report to the trustees on my examination of the financial stalements of Diversity House Limi18d (the charity) for the year ended 31 Mar¢h 2025. Rosponsibilities and basis of roport As the trustees of the charity (and also its directors for the purposes of company law), you a responsible for the preparation of the financial statements in acCOrdar) with the requirements of the Companies Ad 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Compani8s Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements caled out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Chariiies Act 2011. Independent examin•rf$ statement Sinc8 the charity's gross income exceeded £250.000. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011.1 confirm that l am qualified to undertake the examination because l am a member of ACCA. which is one of the listed bodies. I have compleled my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. Ihe finanaal statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 398 of the Companies Act 2006 other than any requirement that the financial statements give a twe and fair view, which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in a¢¢ordan¢e with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I havè no concems and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the financial ststements to be reached. Samantha Rylah FCCA Xeinadin South East Limited 12 Conqueror Court Sittingboum& Kent ME10 5BH United Kingdom 5 December 2025 11
DIVERSITY HOUSE LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Incorne from: Donations and legacies Charitable activities Other trading activities Investments 16.563 16.446 20 5,443 253.439 270,002 16,446 20 5.443 129,238 4.279 387 4.184 101.203 230.441 4.279 387 4,184 Total income 38,472 253.439 291.911 138.088 101,203 239,291 Expendlture on: Raising funds Charitable activit18S Other expenditure 49,552 34,027 58,627 119,737 412 108,179 153,764 412 35,085 24,826 49,965 120.161 85.050 144,987 11 Total expenditure 83,579 178,776 262,355 59,911 170.126 230,037 Net incomellexpenditure) and movement in funds (45.1071 74.663 29.556 78,177 {68.923) 9.254 Reconclliation of funds: Fund balances at 1 April 2024 160.945 125.511 286,456 82.768 194,434 277.202 Fund balances at 31 March 2025 115.838 200,174 316,012 160.945 125,511 286.456 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 12-
DIVERSITY HOUSE LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 13 5.468 14,524 Current assets Debtors Cash at bank and in hand 14 39,249 328,324 33,689 249,259 367,573 282,948 Creditors: amounts falling due within one year 15 (57,029) {11,016) Net current a$sets 310,544 271,932 Totsl assets1985 current liabilities 316,012 286,456 The funds of the charity Restricted income funds Unrestricted funds 16 17 200,174 115,838 125,511 160,945 316,012 286,456 The company is entitled lo the exemption from the audil requirement contained in section 477 of the Companies Act 2006, forthe year end8d 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companiès Act 20( with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial slatements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements wer8 approved by the trustees on 5 December 2025 Mrs C Locke Trustee Company registralion number 06188059 (England and Wales) 13-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcl88 Charity inforntIon Diversty House Limited is a private company limited by guarantee incorporated in England and Wales. The gistered office is Isp House, Church Street, Sittingboume, Kent, ME10 3EG. England. 1.1 Basis of preparation The financial ststements have been prepared in accordance with the charity's goveming document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Chaiities: Statement of Recomtnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable Èn the UK and Republic of Ireland (FRS 102)". The Gharity is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charitses not to prepar8 a ststsment of cash flows. The financial statements are prepared in sterfing, which is Ihe fundional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under Ihe historical cost convention, modified to include the revaluation of freehold properties and to include inveslmeni properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going Concern Al the lime of approving Ihe financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable flrtu. Thus the trustees continue to adopt the going cOnM basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discrelion of the trustees in furtherance of their charitable objectives. Restrided funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the reslricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are COgnised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at th8 time of the donation. Legacies are recognised on receipt or othemise if the charity has been nOtifd of an impending distribution, the amount is kni)wn. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 14-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poli¢le8 Icontlnued) 1.5 Expenditure Expenditure is reGogni5ed once there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic beneffts will be required in settlement, and the amount of the obligation can be measured reliabty. Expenditure is Glassified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direcl costs attributable to a single activity are allocated directly to thal aciivty. Shared costs which contribute to more than one activity and support costs which are not attributable to a single adivity are apportioned between those adivities on a basis onsistent with the use of resources. Central staff costs are allocated on th8 basis of time spent. and depcIation ¢harges are allocated on the portion of the asset's use. 1.6 Tangibh fixod assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valualion, net of depreGialion and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and machinery Fixtures and fittings Computer equipment 200/0 on cost 25% on cost 250/0 on cost The gain or loss art5ing on the disposal of an assel is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairnient of fixed assets At each reporting end dale, the charty reviews the carrying amounts of its tangible assels to determine whether Ihere is any indication that those assets have suffered an impairment loss. If any suGh indication exists, the recoverable amount ol the asset is estimated in order to determine the extenl of the impainnent loss (rf any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposiis held at call with banks, olher short-temi liquid investrnents with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in cuent liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues. of FRS 10210 all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contradual provisions of the instwment. Finan¢ial assets and liabilities are offset, with the net amounts presented in the financial statements. when Ihere is alegally enforceable right lo set off the recognised amounts and th8ré is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 15-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontlnued) Inancial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaGtion priGe induding transaction costs and are subsequently carried at amorlised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future reip1S discounted at a market tate of interest. Financial assets classified as receivable within one year are not amortised. Basic finaneial liabilities Basic financial liabilities. including creditors and bank loans are iniiially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the futur8 payments discounted at a markel rate of interesL Financial liabilities classified as payable within one year are not amortised. Debt instwments are subsequently Caled at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services thal have been a¢quired in the ordinary course of operations from suppliers. Amounts payable are classified as ¢urrent liabilities rf payment is due within one y8ar or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at Iransaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilitie$ Financial liabilities are derecognised when the charity's contractual obligations expir8 or are discharged or cancelled. 1.10 Taxation The charty is exempt from corporation tax on ts charitable a¢tivtties. 1.11 Employee bonollts The cost of any unused holiday entidement is recognised in the period in which the employee's serlices are received. Termination benefits are recognised immediatety as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to provide termination benefits. Income from donations and legacies Unrestricted Restricted funds funds 2025 2026 Total Unrestricted Restrictèd funds funds 2024 2024 Total 2025 2024 Donations and gifts Granls 16,563 16,563 253,439 15,510 113,728 15,510 214,931 253,439 101,203 16,563 253,439 270,002 129,238 101.203 230,441 18-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities UnrestrFCted Unrestri¢tsd funds fund$ 2025 2024 Charftable acllvity Charitable rental income 16,448 4,279 Income from other trading activities Unrestrictsd Unrestrictsd funds funds 2025 2024 Fundraising events 20 387 Income from inve¥lJnents Unrestrlcted Unrnstrfcted funds funds 2025 2024 Interest receivable 5,443 4,184 Expenditure on rnising funds Unmstrfcted Restrlcted funds funds 2025 2025 Total Unrestrfctsd Restricted funds funds 2024 2024 Totsl 2025 2024 Fundralslng and publicity Other fijndraising costs staff costs 3.011 46,541 15.966 42,661 18,977 89,202 2,799 32,286 17,679 32.286 20.478 64,572 49,552 58,627 108,179 35,085 49,965 85,050 17-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charitable activiiies Total 2025 Total 2024 Direct costs Staff costs Depreciation and impairment Rent and insuran Telephone Advertising Office and general expenses Consultancy and advice Volunteers expenses Cornputer costs and subscriptions Maintenance charges and grants Accountancy Bank charges Postage and stationery 21,910 13,061 86,077 3,135 33,564 12,315 59,629 3,188 1,311 962 6,206 3,898 10,189 2,045 10,849 89 762 1,366 3,197 3,887 7.330 1.624 11,725 92 360 153,764 144,987 Analysis by lund Unrestricted funds Rastricted funds 34,027 119,737 24,826 120,161 153,764 144,987 Net movement in funds 2025 2024 The net rnovemenl in funds is stated after ¢hargingl(Grediting)- Fees payabl8 for the independent examination of the charitls financial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 3,300 13.061 412 3,300 12,315 Trustses Christine Locke, Chair of the charity, was paid £60,000 for the year ended 31 March 2025 {2024-£60,000). Employers national insurance contributions of £7.025 and pension contributions of £1,800 were made by Diversity House in respect of Christine Locke during Ihe year. Christine Lock8 was reimbursed £4,955 for expenses during the year. Joy Ozobia was reimbursed £5,195 for expenses during the year. Sean Leacock was reimbursed £500 for expenses during Ihe year. Ayomide Omomehin was reimbursed £364 for expenses during the year. 18-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees The average monthly number of employees during the year was: 2025 Numbor 2024 Numbor Employment costs 2025 2024 INages and salaries 111,112 98,136 There were no employees whose annual remuneration was more than £60,000. 11 Other expenditure Restri¢ted funds 2025 Restrietsd funds 2024 N8t loss on disposal of tangible fixed assets 412 12 Taxation The charity is exempt from taxation on its activtties because all its income is applied for charitable purposes. 19-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets Plant and Flxlurg¥ and machlnery ffttlngs Computer oqulpmènt T¢)tal Cost At 1 April 2024 Additions Disposals 11.944 4,860 1.119 31,837 3.298 (924) 48,641 4,417 (924) At 31 March 2025 11,944 5,979 34,211 52,134 Doproclation and Impairn18nt At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 11,944 3,238 1,903 18,935 11,158 (512) 34,117 13,061 (512) At 31 March 2025 11,944 5,141 29,581 46.666 Carying amount At 31 March 2025 838 4,630 5,468 At 31 March 2024 1,622 12,902 14,524 14 Debtors 2025 2024 Amounts falling due wlthln one year: other debtors Prepayments and accrued income 8,149 31.100 8,470 25,219 39,249 33,689 15 Credltors: amounts falllng duo within one year 2025 2024 Other taxation and *4ocial security Trade creditors Other creditors A¢<xuals and deferred income 2.624 36.735 8.646 9,024 6,665 4,351 57.029 11,016 -20-
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Re$tri¢ted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 125,511 253,439 (178,776) 200,174 Previous year: At 1 April 2023 Incoming resources Resources At 31 March oxpended 2024 194.434 101,203 (170.126) 125.511 17 Unrestricted fund8 The unrestricted funds of the charity Comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated fvnds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming Resource$ At 31 March resources expended 2025 General fijnds 160,945 38,472 (83,579) 115,838 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 82,768 138,088 (59,911) 160,945 18 Analysls of net assets between funds Unrestricted funds 2025 Re8tri¢ted funds 2025 Total 2025 At 31 March 2026: Tangible assets Current assetsl(liabilities) 5,468 110,370 5,468 310,544 200.174 115.838 200,174 316,012 21
DIVERSITY HOUSE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analysis of net assots betwoen funds (Continued) Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) 14,524 110,987 14,524 271,932 160,945 160,945 125,511 286,456 19 Relatsd party transactlons There were no disclosable related party transactions during the year (2024- none). -22-