Charity R•glstratlon No. 1141953 THE INJUSTICE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE INJUSTICE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Tru8t•è8 MrRELSmith Lord N Vinson Charity number 1141953 Principal address Kingsland House Kingsland Le¢Jminster Herefordshire HR6 9SG Indep•ndènt txamln•r Kalhefine Parkin Azels Audit Services Pillar House 113-115 Bath Road Chehenham Gloucesrershire United Kingdom GLS3 7LS Bank•r• Lloyds 8ank plc 38 Blue Boar Row Salisbury SPI 1DB Sollcltorn Hamson Clark Rickerbys LLP cjo Harrison Clark RkertsyS Limited Ellenborough House Wellington Streel Cheltenham Gloucestershire United Kingdom GL50 IYO
THE INJUSTICE FOUNDATION CONTENTS P*gè Trustses, report Independent examinerfs report Slalemenl of financial actiwb.es Balance sheet Notes lo the financial ¥tatgments 7-11
THE INJUSTICE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The trustees present their report and financial slalemenls for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 10 the financial statements and comply with the ehanty'5 goveming document. the Charities Act 2011 and 'Accounling and Reporting by Charities Stalemenl of Recommended P1aCti applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of tland IFRS 1021 leffettsve l January 2019)" Obj•¢tlv•• and a¢tivttl•s The charity's objects are. l. To promote human rights las sel out in Ihe universal dedaralion of human rights and subsequent United Nations conventions and declaralionsl throughoul the world by all or any of the following means.. monitoring abuses of human rights.. obtaining redress lor the victims of human nghts abuse". relieving need among the victims of hurnan rights abuse.. research Into human rights is$ue5.' providing technical adviee lo govemmenl and others on human rights mallers.. conlribuling to the sound adMinistratn of hurnan rights law. commenting on propose(I human rKJhls legislation. raising awareness ol human rights Issues.. promoting public support for human rights.. pr¢ynoling re5peel for human rights among in¢Jividuals and cofporalions, • International advocacy ol human rights. eliminating Infringements of human nghts. In furtherance of that obie¢l but not otherwise. the Trustees are satisfied that the proposed activities will further the purposes of the charity lo an extent justified by the resources committed and the adivity is not the dominant means by which the Charity rned out Ils objects. 2. The relief of povety by Providing funds and making grants lo secure legal advice. assistance and representation lo members of the general PU1c. In order lo achieve the aims and obie¢ts"ves ol the charty. the TNslees make donations lo a var• of organisalions. The trustees have paid due regard lo guanCe issued by the Charity Commission in deciding what activities the should undertake. The Iruslees are aware of the Public Benefit provisions of the Charities Act 2011 and of the guidance on them published by the Charity Commission. They are saltsfied that the obiects of ihe chanty and the activities of the charity are within the definitions of the Charitable Purpose as set down In the Act. The trustees are not aware of any publie delrimenl caused by the charity's objects or activities. and nor are Ihey aware of anyon8 receiving any private benefit from the chaftty's aclmties. The objectives of the charity are lo promote human rights via the provision of grants, the giving of advice and information. facililaling relevant research, as necessary. via sponsorship and othef charitable purposes as the Truslees may Irom time lo time delemiine. Dona110ns are awarded al the discretion of the Trustees following ¢Jue consideration of how the funds will ultimately be spent in order lo ensure the furtherance of the the aims and obi8¢lives of the charity.
THE INJUSTICE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 A¢hi8vamonts and porfomianco There have been no signifieanl developments or changes lo the activities of Ihe charty during the last year. During the year the charity made donatsons relating to legal costs lotalling £10.000 in furtherance of ils object5. Financlal rnvlew At the balance sheet dale, 'Yree" rese8$. being unresliKted funds other than fixed assets, amounted lo £28,62912020 £2,526). Cash reserves at the year end {induding amounts held on short term deposrtl weffj £27.52912020.' £2.5261. The charity aims lo relain free feserves sufficient to prowde adequate working capital to fund ils ch8rilabl8 aclivilies. Covid-19 ha5 had minimal impact on the charity's operations and aclivitses. t)onations eonlinue to be made lo the exlenl that income pemits. The Iruslees have assessèd the major risks lo which the chaiity is exposed, and are satisfied Ihal $ysloms afe in place lo miligale exposure lo the major nsks 11 is expected that the chanty will rgceivg further donations al a similar level during the comiro finanal year and will conlinug lo make donations lo further ils charitable objectives. Stru¢turg. gov•manc• and managem•nt The eharity 15 eonlrolled by Its governing document. a deed of trust swned on 10 May 2011. The charity was registered with the Charty Commis&on on 17 May 2011 and conslilules and unineorporaled charity. The Irustoes who sorved during the yeaf and up lo the dale of signature of the financial statements were". MrRELSmith Lord N Vinson The power ol appointin9 new trustees Is vested in the truslees. The Iruslees are respon51ble lor foimulats'ng the stralegres and policies of the chanty induding the exercising of financial controls. On appointment Tru51ees are provided with appropriate training to allow Ihgm lo fulfil their duties. The charity is primarily funded through donatt.ons from related parts. Refer to the lated party transactions note for further Information.
THE INJUSTICE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The Iruslee$' report was approved by the 8oard ol Trustees. MrRELSm Trustee Dated. ..Zl ..{.: 11
THE INJUSTICE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE INJUSTICE FOUNDATION report lo the Iruslees on my examination of the financial statements of The Injustice Foundation Ilhe charilyl for the year endod 31 March 2021. R¢$ponslbllltle$ and ba$1$ of report As the Iruste&s of the charity you are ponSIble for the preparation of the finanual statements in accordan¢e with the requirements of the charib.es Act 2011 (the 2011 Acll. I report In iespoct of my eXaMinatn of the charty's financial statements carried out under section 145 of the 2011 Ael. In carying out my examination I have followed all the applicable Directions given by the Charity Commission under $eclion 14515llbl of the 2011 Act. Ind•p•nd•nt examin•rf$ $t•tem•nl I have completed my examination. I confimi that no matters have come to my attention in nneCtIon with the exarninalion giving me cause its believe that In any material respect.. accounting records were not kept in respect of the charity as required by seCtn 130 01 the 2011 Act". Of the financial slalemenls do not accord wth those records, or the financial statements do not compty with the applicable requirements ¢on¢erning the form and content ol accounts sel out In the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounis give a true and fair view which is not a matter eonsiderad as part ol an independent examinatson. I havg no coneerns and have come aeross no other matters in connection wrth the examination lo whth gttenlion should be drawn in this report in order to enable a proper understanding of the financial slalemenls to be reached. Katherine Parkin FCA Azets Audit Services Pillar House 113-115 Bath Road Chellenham Gloucesl¥rshirg GL53 7LS United Kingdom Dated 25 January 2022
THE INJUSTICE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrnstrict•d Unreslrided fund$ funds 2021 2020 Not08 Donations and legacies 35,005 Charitable aclivities 10.902 Not Income for tho y•arl Net mov•m•nt In funds 24,103 Fund balances a11 April 2020 2.526 2,526 Fund baSan¢08 at 31 March 2021 26.629 2,526 The slalemenl of financial activit$ includes all gains and losses recognised in the year. All income and expenditure dertve from continuing actiwties.
THE INJUSTICE FOUNDATION BALANCE SHEET ASAT31 MARCH2021 2021 2020 Not Curr•nt assets Cash al bank and in hand 27.529 2.526 Crgdltors: amounts talling duo wlthln one year 19001 Ngt current asset$ 26.629 2,526 Incomo funds Unrestricted funds general 26.629 2,526 26.629 2.526 The financial slalemenls were approved by the Trustees on . MrRELSmith Tru•t••
THE INJUSTICE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policlè8 Charlty Inlonnitlon The Injustice Foundation Is an unincorpofaled charity and is registered with the Charity Commis5icn under number 1141953. The address of the prinapal office can be found on the legal and adminislralive informali¢n page. 1.1 A¢count5ng convfrntion The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and 'Accounling and Reporting by Chanlies. 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 IFRS 1021 leffectwe 1 January 20191" The ehafity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provi5ion8 in the SORP fof charrties applying FRS 102 Update 8ulletin 1 not lo prepare a Stalgmenl of Cash Flows. The financial 5talernenls have dgparte(I from the Charils (Accounts and Reportsl Regulations 2008 only lo the extent required lo provide a true and lair view. Th15 departure has invotved following the Statement of Recommended PraCte for chantses apptying FRS 102 ralhef than the version ol the Slalemenl of Recommendgd Practice which is refeired lo In the Regulatn5 bul which has since been withdrawn. The financial statements are prepared Jn sierfing. which ts the functnal currenw of the charity. Monetary amoLtnts In these financial stalemonis aro roundod lo tho naaresl £. The financial slalemenls have been prepared undef the historical cost convention, modified lo include the revaluation of freehold propertie$ and lo include inveslmenl properties and certain financial instruments al fair value. The principal accounting policies adopted are sel out below. 1.2 Golng ¢onc•m Al the time of approving the financial stalemenls. the Ifuslees hav8 a reasonabse eXctatIon that the charity has adequate resources lo conlinue in opgrational existence for the for¢$ogable future. Thus th8 Iruslees continue lo adopt the going concern basis ol accounting In preparing the financial slalemgnls. 1.3 Charitablo lunds Unreslriclgd funds are available for use al the diSCretn ol thè tru$toes in furtheranc8 of their charitable obieelives. Restricted funds are subiecl lo specific condilion$ by donors as to how they may be used. The PufPK$es and uses of the reslficted funds a sel out in the note5 to the financial slatemenl5. 1.4 Incomo Income is recognised when the chanty is legalty enlilled to it after any perfomance nditionS have been met, the amounts can be measured reliabty. and rt 1$ probable that ineome will be received. Cash donations are regnIsed on ieceipl. Other donation5 are recognised once the charity has been notified ol the donation. unless performance conditions require deferral of the amount Income lax recoverable in relation to donations re1Ved under Gift Ajd or deeds of covenant is re¢ogn15ed al the time of the donation. Legacies are wognised on feceipl or otherwise if Ihe chanty has been notified of an impending dislribulion. the amount is known. and receipt is expected. If the amount is not known. the legacy s Irealed as a contingent asset.
THE INJUSTICE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies (Continued) Interest on lunds held on deposit is included when receivable & the amount Can be measured r81iably by the charity.. this is nom)ally upon norlf1eatn of the Interest paid or payable by the bank. 1.$ Exp•ndlturo Liabilities a recognised as expenditure as soon as Ihere is a legal or conslru¢live obligation commilling the charity lo that expenditure, Il Is probable that a transfer ol economic benefits will be required In settlement and the amount of the obligation can be measufed ieliably. Expenditure 1$ accounted for cn an accrua15 basis and has been classified under headings that aggregate all related lo the category. Where costs cannot be direcdy attributed lo particuFar headings they have been allocated to actyvilies on a basis consislenl with the use ol resources. Irrecoverable VAT is charg8d against the category of resources gxpanded lor which il is incuffed. Committed donations are recognised in fvll in the year in which they a approved wrth futur? payments being included as liabilities. Donations offered subiect to conditions which have not been mel al the year end dale are noted as a Commilmenl bul not accrued as expenditure. 1.6 Cash and ¢a•h •qulv•l•nt$ Cash and cash equivalents Include cash In hand. deposits held al call with banks. other 5hort-lerm liquid investments with original malurilies of Ihfee months or less. and bank overdrafts. Bank overdraft5 arg shown within borrowings in Current Iiabililies. 1.7 Flnancll In8trum•nts Financial Instruments are recognised in the charity's balance sho81 when the charity becomes paty lo the conlraclual provisions of the instrument. Financial assels and liabililigs are offset, with the nel amount$ presented in the financial slalemenls, when there is a legally enforceable right to set off the recognised amounts and thero Is an intention to settlo on a nel basis or lo realise the asset and settle the liabilrty simultaneously. 8•slc Iln•n¢i•l •$$ets Basic financial assets, which indude debtors and $h and bank balance$, are initialty me85ured at transaction price Including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement eonsbtutes a financing transaction. where the transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as recoivable within one year arè noi amortised. D•recognitson of finan¢ial assets Financial assets are derecognised only wher Ihe conlraclual rights to the $h flows from the asset expire or are settled. or when the charity transfers the financial assel and subslanlially all the nsks and rewards ol ownership lo another entity. or rf some significant risks and rewards ol ownership are taIned bul control ol the asset has transferred to another party that Js able lo sell the asset in ils enli¥ety to an unrelated third paty
THE INJUSTICE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 A¢¢ounting policies IContinu•d) Baslc finan¢lal liabilities Basic financial Iiabililies. including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction. where the debt Instrument Is measured at the present value ol the ftjlure payment5 discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carned al amortised cost. using the effective interest Tate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations frem suppliers. Amounts payable are classified a$ current liabilities if payment is due within one year or less. If not. they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction pnce and subsequendy measured al amort15ed cost using the effective interest method. Derecognltlon of Ilnancl¥l Ilabllltles Financial Iiabililies are derecognised whèn the charity's contractual obligations expire or afe disch8rged or cancelled. 1.8 Taxation The chaiily is exempl from corporation lax on income and gains falling wthin sects'on 505 of the Taxes Act 1988 or section 256 01 the Taxation of chargeable Gains Act 1992 lo the extent that these applied lo the charitable objects 1.9 Provl8lon8 Provisions are recognised when the charity ha$ a legal or conslruclivg present obligation as ¥ result of past event, il Is probable that the charity will be required lo settte ihal obligation and a reliable estimate can be made of the amount of the obligation. The amount reeognised as a provision Is the best estimate of the consideration required lo settle the present obligation al the reporting end date. taking into account the risks and uncertainties surrounding the obligation. Where the effect of the lime value of money is material, the amount expeded lo be required to settle the obligation ts recognised al present value. When a provision 15 measured al present value, the unwinding of the discount Is recognised as a finance cost in nel incomellexpendilurel In the period in which Il arises. Donations and l•gJ¢l•• Unr•8trict•d Unreslricled funds lunds 2021 2020 Donations ané grfts 35,005
THE INJUSTICE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitable activiti 2021 2020 Legal costs 10.000 Share of support costs (see note 41 Share of governance costs (see note 41 900 10.902 Support costs Support Gov•rnanc• costs 2021 Support Governance costs costs 2020 8ank charges Independent Examiners 900 900 9th) 902 Anatysed befvleen Charitable activit$ 902 Governance costs include amounts payable to the independenl exam*ner of £540 12020. £nill for Independent Examination and £360 12020. £nill payable lo the Independent Examiner for other accountancy seNices provided. Tru8tee8 None ol the Iruslees lor any persons eonnected with them) received any remunefatson or benefit$ from the charity during the year. Employ• The charity had no employees in the year ended 31 Mareh 2021 12020" Nill. Crèditorn.. amounts falling due within on• y•ar 2021 2020 Accfuals and deferred income 900 10-
THE INJUSTICE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds These are unTestrieted funds which are material lo the charity's activities made up as follows." Movoment In fund$ Incoming Movement In funds Balan¢• 1 April 2019 Balance at 1 April 2020 1rt¢offling r•iourc•s Resourc83 Balaftcè at •xpend8d Jf March 2021 Unreslricled funds 2,526 2.526 35.005 110.9021 26,629 R•latod party tran•actlon• Tran8actlon8 wlth rnlated partles During the year the charity entered into the foll¢)wing Iransactsons with related parties.. 2021 2020 H R Smith Group Limited The Nigel Vinson Charitable Trust 15,000 10.000 25.000 Mr Richard Smith is a Trustee of the chaity and also a director and shareholder of H R Smith Group Limited. The charity received donations without conditions as detailed above. Lord Nigel Vinson is a Tiuslee of the chanty and also a truslee of The Nigel Vinson Charitable Trust. The charity received donations without conditions as detailed above.