Chirftyre8lstrattcn nbmber: 1141953 The Injustice Foundation Annual Report and FlThanclalStatem¢nts forth8 Year Ended 31 gAarth 2025 Field SuSllvon Llmiied 9 Hare & Blllet Road Èlackhtrèth SE3 ORB
The Inhistlce Foundatlon Contents (Contlnued) Reference andAdmlDlst¢atSve DEtalls Truee$, Report 2toS Ind8pendentAudltOTS' Report 6t08 Statsmnt of Nnanclal Artlvltles Balance ShErt io Cash Flowststement li Not¢$ tolhe Fln8nclal St•trmonts 12tol8
The In$11£• Foundatlon Reference and Admlnlstratlve Delalls Trwtees Lord Imatthewmrnl EIIIDtt of Mlckel Fell Lord (Jonathan Pètrlckl Moyblhan of Che55w OBE 1141953 Ch•rftyReRlstratlon Number Prln¢lpal Ollkè 41 Che15e3 s91 London 5W3 6LH Auditor Fleld Sulllvan Ilmlted 9 Hare & Ulll¢t Road Blitkheath SE3 ORB PagE I
The Inlustke Foundatlon Tru5tees' Report The trustees presert the •nr4Jal report togetherwlth the Ionanclal statements and autiitors, report ol the tharfty fortheyeareTrd*d 31 M8ffh ZQ25, Twjtees Lvd ljtsnathhn Patrlckl Moynlhan of Chelse• OBE Ltrd Imatthewjlml Ellbttof Mlckl8 F911 Prfndpal Olft£e 41 Chelsea Square, Londol SW3 6LH Audltois Fleld SulKvan, 9 Hare &8lllet Road. Blackeath, SE3 ORB B•nkeTS Lfoyds Bank, Andovet ObSo¢tl¥¢s ond a¢tivllle5 Th¢ tharttys ob]ert54rt: l. To promotehuman rlghtslasset owt In the unlver5al dedaratksn of human rfghts andsubsequent Unlted Natlonsconventlon$ and de¢larattonsl throu8houttheworld by 411 tv anyof the followkng means.. Monltorlng Bbu5e50f human rfghts: • ObtalnlDE redres5 foTthevktlmsof human rIBhtsabSe. • Rellevln8 néed 8mountthevlrtlms ofhumans rlEht obuse., fte$Èarch Into human rl8hts l$sues: provldlng lechnlcal advl¢e to 8oveikiimtit aod othef50n humath rlghts matters,. ContrtbutlnE tothe 50ufhd admlnlstratlon of human rfehtslw,. Commentlngon proposed human rfghts legtslatlon., • Ralslnu ¥W•ren of humom rlghts ¢ssues'. promotlng publlc supportforhuman rlghts: pr0motlnR respectforhurn rlghts BmonB Indfvlduals and corpor4tlons.- lThtewnotlonal advocacy ol hum4n rlghts; • eiirnlnatinB Inl¥lngements of human rlghts. Irb furthernnce of that object but not otheTwl$¢, Ihe Tru5teq$ are satlsfled ihat the proposed attivities wlll further the purpoSE5 of the charlty io an extentjusfied by the re50urce5 rvmmitted ènd the ortlvlty15 nol the domlnant mean5 bywhl¢h the charltycartled oui Its objects. 2.Th¢ rellef cf povqrty by provldlng funds hnd rnakl)18ronts to secure le8o14¢fvk¢ èsslstance and representatlon to members olthegeneral p¥bllc. Poge 2
The InJurtl¢e Foundatlon Trustees, R•port l¢ontlnuedl In ordor to achlEve thB alms and oblettlves of the charlty, the Tru5tee5 make thnatlons to a varlety of oanIsatIoNs. The Try5tee5 have pald due reyrd to guld•ncÈ Issued by the Charlty Comm1551on In d•cldln8 wh•t they should undert41e. The Trustees are aware of thE Publlc Denellt provlslon5 of the Charftles Act 2011 #nd of the Euldance On them publlshed by the Charfty Commls51on. They are satlsfled tt the objects of the tharlty and the artlvltles of the (harlty afe w51hln the deflnltlons of the Chorftsble Purpose 05 $ei down In the Art. TheTrustees ore nDt 4ware of any publlc detrlmert caused bythe charW5 objetts or actlvltie5, and no¥ are they aware of anyone reCeIni gny FIate benefitfrom tbechBrW5 Ortlvltles. SlgRlficant4dlvltles The oblertlve5 pl the charlty 41E to promote human rt8hts vla th¢ provlslon of 8fdllts.' the 8lvkn8 of adylce and Infomi8tton; flldlltatlng wel¥ research, as nÈees5ary vla sponsorshlpj glvlnB 8rants for I01 •d¥lce and representotlon. ond otherchèrltable puiposesa$ theTrustee5 may from tlmeto tlme deterrnhe. Donatlons are awarded atthedlgcretlon oltheTwstees followln8due conslderotlon of thefund$wlll ultlmat¢ly be spent ID order to ensure the lurtherance ol the alm$ and oble¢tlves of the charfty. The ¢harJty r¢quests post.donatlon updates on how the fund$have been 5peni. A¢hlevem•n15 Perfoiman¢g ChurltobleActfvltl¢ There hwe been no $l¢nlfl¢art devefopmeri orchan8esttstheBctlvltle50f the th8rltydurlmgthe lèrtyear. Durlwtheyear thechgrlty rec¢fved donavons of £1,243,IOOand made dDn•tlon5 of £121,574. Reserwe5 Pollry The (rIty atm5 to rt8ln fr& reseT¥es 5ufflclent lo provlde idequatq worklng capllal t• fund Its thorltable •ct4vltle5. Rts*Asse55ment ThE Trustee5 have assessed the major risk% to whl¢h the charlty Is expo¥ed, and are sat15fied that system5 are In place to mitluite eXP05UTe to the malor rlsks. Plun5lorfvtureperlodJ It Is experted that the ¢harlty wln recelve fvrther donatlfjtss durlni the ¢omlnB nThonclal year #nd wlll contlnue I makodonitlons to frjrther Its charfjtable obleLllve$. Page 3
The InJust1 Foundatlon Trustees, Report Icontinuedl structur4 governonrondrnonogement The rherlty 15 controlled by Its govtmlng do¢umert a deÈd of trust 51¥nid on 10 Mèy 2011. ThE ¢haTty was re8lstered wlth the ch7rlty Commlsslon on 17 M&y2011 Bnd tonstltutes an unlncorporated charjty. Re¢rnltrnenrondAppolRtmentof frustees The power tsf appolThtingnewTrustee5 l$v•sted IntheTtEe$. Orqunlsrtlont71Srructure The Trusteès are responslble for formulèUng the strote¥le5 and poll¢les of the char¥ In¢dIng the exerdsln8 of fln•nii41 controls. On appolotmentTwstee5 are provlded wlth appr•prf¥tetralnknEtoallawthem to fuifsl theirdutles. The charlty Is, In part, funded throtsgh donailoths from related p3rtle& The chHrMy re¢elved a donatlon gf £1000 from Moynltrus( a charlty that Lord Moynlhan 1$ ch31rman ol and Lord Elllott Is a Trustee of. Thls donotbn was made wiihwtcondltlons. Trusteesand offlce Tho trustee5 and officer5 servln8durlngtheye¥r and slnce theyÈarend re fOllowS. LDrd Imatthewjlml Elllott ol Mkk¥l Fell lord Uonath3n Pat¥lckl Moynlharbof Che150g OBE Trustee5'. St•t¢meDtofTru$tows' REspunslbllltlos Th¢ trustees are respon51ble Ipr preparln8 the trustEe5' report and the financlal statements In accordart wlth the UnltÈd KlnEdem Accountlng 5tandard5 IUnltÈd Klngdom Generalty Accepted Account5n8 fvadltel and appllcable lawand rÈgulatlons. Ihe13w appllcable to charltles r¢qulres the tru5tsp5 lo yepare ftnandal 5tHtements for e8ch finanri•l year whlch fve a true arnd f8lr vlew of the state of affalrs of the thar and of the Intomlng resources and Èppll¢atlon of resourtesof the charbtyforthat perlod. In pPaTn8 these flnanclal statomÈnts, thetrustees ore requlred to.. selert$ultsble Bccountlng pollcles 8nd then applythem con$lstentlvp observe the methods gnd prfndple$ kn the(harlESSORP,. rnJkÈlud8tments and estirnates that areTea50nabl¢ and prudent,. state whether applkable accountlnE 5tandard$ have been folhved subject lo any materfal departures dlsc105ed and eKp181ned In the flnantlal staternents,. and prepaie the fihonclal st•tements orn the gulng toncern b•5f$ unless It Is Ingpproprlats ¢0 pr•sume tt the ch8rftywlll ¢oDtlnue In bu51ne5& Page4
The Inlustlce Foundatlon Trustees. Report Icontlnuedl The trustees are re5ponslble for keeplng proper acrountlTh¥ rEcord5 that d15c105e th rÈasDnable accuracy at any tlmÈ the flnanclal posltlon of the charlty and enablp them to ensure Ihal the flnantlal statements comply w4th the ChaTltles Att 2011, Ibe Charltles (Aetounis and Reports) Re8ulatiDn$ 2(KJ8, and the PTOV151ons of the con5titutlon. The trustee5 are also responsible for safEguardlnE ihe asset5 Df ihe ch8rSty and hence for tak5ng reèsonable step5 for the prÈventlon 3nd detecllon of fraud arsd other Irregulariiles. The trustees are responslble for the malntenance and Integrlty of the ¢orpor3te and Ilnanclal 5n[ormatn included on the charliable compaoV5 webslre. LeEislatloD govèrnTn¢ the preparation and dissemlnatlon of finantlal st3le¢nErit5 may dlffer from legislatlon In uther jvrisdict¢on5. Dls¢Iosufa af Informatloth ta ¥udltor Etsth trusteo hè5 taken Steps that they ought to have taken 8$ a trv5tee in ordErto make thern5pfve$ èware of any relevant audlt i)formatloTF ind to esloblish that the tharlty's audlior 15 aware ol thai InformBtIDn. The trustees corsflrm thBt there Is no relevant InfDrm4t6un ihat theynow of and of whlch they knowthe audltor is unaware. The annual report was approved bythe irustees ofthe charlty tin 22 May Z025 and slgned on Its behalf by.. Lord (Jonathèn Potrickj Moyhlhan of Chelsea OBE Tru5tep Page 5
The Inlustl¢e Foundatlon Indqpend¢ntAudltoi's Reportto the Members of The Inlustl¢e Foundatlon Oplnloh We have audlted the flnantlal statements of The Inlustlce Foyndatlon <the'erty'1 foT the year end¢d 31 MBrch 2025, whlth comprf$e ihe 5tstement ol Flnandal ActlvltlEs. Balance Sheet. Cash FIDW Statsment, and Noles tv Ihe Flnanclol Ststsments, Includln@ • summary Df Slgnlflcant at¢ountln8 pollcles. The financlal reportlng framework that hès beEn applled ITh thelr pr£paratlon Is Unlted KlnBdom A¢countlne Stsndards, comprlslni thailtles SOAP- FAS 102 Yhe Flnanelal Reportlng Standard appllcable In th? UK ènd Republk of Ireland. and applk3blE law Iunlted Klngdom GenerdSly AcceptedAtcountln¢ Prarticel. In our oplnlot)the flnanclal statem¢nts: 8fve 4 truB and lalr vl¢w of the 5tste of the chèrky's affalrs a$ at 31 March 2025 and of Its Incomlng resource$ and •ppllcatlon of resourtes, Indudlng its Incorne and expendiiure, forthe yeorthen ended.. have been properly prepaTed In a£cordaoc¢knrfth Unlted Kln8dDm GenerallyA¢¢epted Arcountlng Prn¢tlce; and have be*n prepared In accordance wlth the requlrementstyf the Ch•ritles Act 2011. easl$ loroplnltsn We conducted our audt ID atcordunce with Internatlonal Stsndards on Audttlrw (UK) IISAS IUK)) and bppllcbbte law. Our re5pon51b111tles undErthose5tandafds are furtherdescrlbed In the 3udltvr respon51bllltles fortheaudlt of the finbnrlal 5tstement5 sethion of our report. We are lthdependent of the th4rlty In accordance wlth the elhlcal requlrements that are relevant to our audlt of the nnanclal 5t4temenis In the UK, Including the FRCS Ethlcal Standard. and we have fviniied OUT other ethlcal rpsponslbllllles In accordance with these requlrements, Wa be11eve thatthe aud51 evldence we have obtainÈd 1$ sufficlent and approprf•tÈ to provlde a basls for ouroplnlon. Okhtrmattqrs The torrespondlnB ft8ure5 andromparatlve flnantlal statements In thè tuwentyearfsfinittelal statementswere dEfbved from the financl8lstotementsfor the year ended 31 March 2024 whlch wqro not8udlted. Conctrjslons ielatlngtoKolnicon¢ern In iudltlnethe fln3nclal 5tatemetts, we hav¢ concluded thatthe tru$tèps use of thegolngconcem b#sls of ¢¢ountlng In the prepèrètlon of the flnan¢lal ststements Is approprlote. Based ontheworkwe have PErform¢d we have not Identlfied any materfal uDcertalntle5 relatlw to eveThts or ndltlon5that, Indfvldu?Il¥ or collertively. maycastslinlfi¢ant doubt on the chaimy's 8bllltyto contlnue as a gulni cern for3 PErlud of at le05¢ e7Ve monthsfromwhen the orl8lnal finantlal Statements were athOrIsed for 155Ue. Our re5ponslbllltles and the respon51biiiiles of the tntsteeswlth respect togolngconcern are destrfbed kn the relevanl SÈttlon5 olthls report. otherlnloTmatton The trustee5 are ponSIble lor the othor Informatlon. Ihe Ibther Infomialon comprfses the Informatloh Included lo the annual rèport, other than the flnArtdAI statements ond our audltorfs report Ihereon. Our oplnion on the firwndal statements does nDt (over the other Informatlon and, except to the extent othenv15e expllcltly 5tat¢d Our report wedo not exp55 any fvim of 855urénce coThduslon thereon. PaBe 6
The Injustlte Foundatloh Independent Audltor's Reportto the Membets ofTlte Injustlce Foundatlon Icontlnued) In tonnertkn %%lih our audltof the flnanrlal stat•nents, wrrespon51blllty Is to read the other Inforrnatbn and, In dolng 50, conslder wheth¢r the olher Inlowm•tlon 15 meriBIW Inccnslstent wlth the flnattclal statsments or our kfiowledge abtained In the iudlt or otherwl$e appears to be materfally rnlsstated. 11 WÈ identSfy suth materlal Inconslstencles or opparent materlal mlsstatements. we are required to determlne whether there Is a mat8rlal ml$stitement In the flnanclol Statements or a materlal m155tatement of the other InformatlDn. If, b8S8d on Ihe work we h•ve perforned, we conclud• that thero 1$ a materlal ml$$tstement of thls other InformatloD, we are requlred to report thatfatt. We have nothlrgto reptrrt In thls re8ard. Mattqrs uTrwhlch wo ere Yequlrorfto r¢portby•xcqpilon In the Ilght of our knowlÈd8e and undérststhdlng of the charlty and Its envlronment obtalned In the course of the audlL we have nottdqntllled materfal mts#atements In Ihe tru5tee5 report. We have nothlng to repDrt In re5pert of the following matter5 where the Chirltles (Accotsnts and Report) Regulatlons 200B requlre5 Usto report lo you If. In ouroplnlon: adequate accountln8 re¢ord5 have not been kÈpL or return$ adequate f#r our audlt have not been reol¥ed from brnnthes not vislted by u5,. or the financial statements are not in aireementwlth theaccouniin8 Cold$ and retum5,' OT certoln dlsclosures of trustee5 remuneratlon spetlfted by law are notm/de,' Dr we have not eefved all the Informatlon and explwn4tlpDswe requlre for our audlt. Regpun51blllile5 oltrUSIQQS A8 explalned more ful kn the Statement of TrurteEs' Responslbllltles Iset out on pale 4 ind 51, the trustees are rESPOAslble tor ihE preparatlon of the Ilnanclal ststernents and for beln8 5at15fied that they 8lve a true and falr vlew, and foT suth Internal ¢oDtrol a5 th¢ trustees dotÉm)Ine Is necessary to engble thè pitparatlon of tlnanclal Statements that arefree from maierfal mlsstatement, whÈtheT due tofraud orqrrar. In prepadng the financlal statements, the tiustees are respon51blè for asse551n&the ch8rfty'S abllltyto cgntlnue 85 golnB toncern, dlsclosln& as appllcable, Thltters related to 8oln8 tancern and uslng the golr8 corKem bas of •c£ountlno unless the trustee5 elther Intend to Ilquldat• the chailty or ta cease operatlons, or have no ieallstlc alternatlve butto do $0. AudltorHeJponslblHtl8s fortho olikn4llhandal ststemeDts Our oblpctlve5 Jr¢ to obtaln reasoTrable as5uTan¢e about V4hethEr the flnncla15totEments as a whole are free from matedèl mls$tatemen¢ whether dye to fraud or error, attd to Issue an 8udltorfs report that Includes our oplnlon. Reasonable assurance Is a hlBh level of a$suiance, bui 1$ not a guarantee that 8n oudlt condutt4d In attordance wlth15A5 IUKI wlll always detect 4 matertal misstatement when Itexlsts. MIs5tstement5 ran )rlse from fraud or erior and are consldered rnatefvl If, Indlvldually or In th¢ areat4*hEY rould reasonably be empetted to Influence the etonornlt de£lslon$ of u5er5taken on the b8sls of theseffinanci41 statements. Theextentto whlchour procedures •r¢¢èpableof detertln8 Irre8ularliit4 In¢ludlnE frad Is detalled below.. PaEe 7
The InluMl¢e Foundatlon Independent Audltorfs Reportto the Members of The Inlu5tlce Foundatlon (conllnued) Audlt proredurns undertaken In re5pon5t to the potentlal r15ks relatlng to Irre8ulèrltles Iwhl¢h Include fraud and non-eompll•nte with law$ #nd re8ul•tlonsl compr15od of.. enqultle5 of m4nangfjm¢nl and those ch)rged wlth gov¢mèn¢e as to whetherthe entlty complles wlth su¢h1gw5 and re8ulatlons,' enqulrleswlth the Same cOnrnIng any actual or potentla1 Iltl8èiluh or c1alrns; Inspectlon of relevant leEal corre5pondeft¢e- revlew of board rnlnute$; revlewlng tr8nsa¢tlon5 around ihe end of the reportlni perlod.. and the PErformance of anawcal procedures to Idertlfy u#expo¢tsd movemnts Sn accoont balances whkh maybe Indltatlve olfraud. No InstarKes of m•terlal non-compllance were Identlfled. Howevor, tho Ilk¢lthood ol detettln8 IrreEularllles Includlnl fraud. Is Ilmlted by the Inherent dlfficulty th detectlng Irre8ularftles, the effedlvETltss of the entlty'5 contro15, Bnd the na¢urtr, tlmthg 8nd extent of the #udlt procedures pprformed. ltregulalIo$ that result from fraud mlght be InherÈnt1y more dlfflculr io detect Irre8ul8lrltes thot Te5ult from erior. As eKpl4lned •bove, thtre an unavoldable rlsk that materlal mlsstatem¢nts may not bv detert¢d, even tho¥gh the audlt h85 been planned and performed In attordance ISAS IUKI. A fvrther de5crlptlon of our respoThslbllltles Is avallAbl¢ on ihe FlTrancSal fteportlnB Coundl's webslte at.. vm.fr¢,or&uklaudltoisresponslbllltles. Thls destrlptlon foims Part olouraudllovs report. UsÈof ourreport Th1$ report Is made Sole to the tharlty Inlstees, as a body, In arcordance wlih sectlon 144 of the Charlll•s Act 2011 and re8ulatlon5 made under SECth)n 154 of that Act. Our aydli woik has been undertaken so that we mlBht state to the trustees those matter5 we are te4ulred to stste to trustees In an audltors, report and for no otheT purpose. Yo the fullest Extent pem)Itted by law, we do not acrept tsr aSS¢Nne responslbllty to anyone othEr thaA the tharftyand ltstru5tet5 4$ o bpdy, forou¥audltwork. foTthi5 repprt orlor the oplnlons we ha¥eformed. m Sulllvan FCA ISenlorStatutoryAudltorl For arÈd on behalf of Fleld Sulllvan Umlted. SlatutoryAudthr 9 Hare & Blllet Ro8d Bl8ckheath SE3 OR8 Fltrld 5ulllvan Umlted Is ell4lble for appolntmeDt as audltor ofthe charlty byvlrttsB of Jts ol*lbS11ty for•ppolThtmeDt as èvdltor of a compaDy under sectlDn 1212 of the Companles Art 2CIJ6. Pa8e8
Yhqlnlty#t¢• FrndatIon Statsmentof F[nalI1 ArtMtl4slortheYeEnd8d31March 2025 Totsl T•tsl IQ24 UThMstd<ted REStrf#4d Into1d 157 12411QO 57 171350 1nve511rten1iDrn Toiilhccme ImlM9 blabltRIeS TolilEipendiiur• 17,e16 129 694 Netmtswrninlkn fvn¢s t073,273 46.017 L113 (513441 iuoooi 1613141 TDts51unthbMuxhtforwartS s.o 45.$42 91,886 107J86 TDiaifundsurtkdforJard 51.021 It11IIIe5dVÈIraM(rntlnvIOÈ0pr110DéuthItab0Vptt¥D0rk5. lundibreikdownforlOZ415thnlnnoI113. rte$Or$FIlWl2tlItrMlnlnM•11pIrtO1thIsttan1ls11t1fftlnts. P49
The Inlustlce Foundatlon (Roglstratlon number: 11419531 Balance Sheet as at 31 March 2025 2025 2024 Note yrrentasset5 Debtor5 Cash at b3nk and In hand io 242,560 927.082 li 46,436 1,169.642 46.436 CrEditor5: Amount5 falllnE d¥e wlthln oneyear 12 14,8001 1894 Net assets 1.164.842 45,542 Fundsef thE ¢harlty: Restrlrted Income funds Residcted fund5 51,027 UnltrItted In¢Drnt funds Unre5trlcted funds 1.113.815 40,542 Yolal 13 1,164,842 45,542 The financ131 stateTnÈnts on pa8es 9 to 18 were approved by the trusitES. and auihorlsed for15sue on 22 Moy202S and slgned on their behalf by.. Lord (Jonathan Patrlckl Moynlh2n of Chelsea OBE Trustee The notes on pages J2 to 18 form ars Inte8ral partof thesè frnartcial staiements. Pazc 10
The Inlusike Foundatlon Ca¥h Flowstatement foy the Year Ended ai Marth 2025 2015 C¥h flow5from operotlng actlvttles Net ¢a$h IncomgllexpendStUfel Adjurtments to ¢ashllowsfr•mnon4•sh Itemi Investmeni Incorne 1.119,300 1613441 5,5891 1,113.711 1613441 Worklngtapltal ¥dJustmeftts Ilncreasemdetrease Indebtors Inerea5E In tredltors io 12 1242,S601 3,906 1,400 36 WetCa5h flow5 from operatlng$dfvltle5 875,057 160,9081 Ca5hftow$ from Inv4stlnB4¢¢MtIts Interes1 recelvabl¢ and 51mllar Incom¢ 5,589 NetlDcreaselldecre95el In cash and ¢ish equlv¥l¢nts Cash arld rash equlYalets at l Apdl Cash and Cash ewlvalents at31 March 880,646 161L9D81 46,436 107,344 927,082 All of the cashflows are dprfved from tontlnuln8operhtlons durlnKtht above twtr perfods. The notes on page$ 12 to 18 lorm an Iniegral part of thesefinandal stqmwts. pwll
The Injust1 F(bundatloD Nole$ to the Flnandal 5tatementsforth• Year Ended 31 March Z025 I Chwrftyststlis The¢hoty15 domldkd In EnRlJnd and Wal¢s. The address of its reg15tered offlce Is.. 41 Chelsea Sqthare SW3 61H 2 ArcotthilhB p¢lklèB S1eI ol¢•mpllpnce Thè finan£lal statements hwe been prepared In actordance Ith ActountlnE and Reportlng by chatTe$., St•tement of REcommÈAded PRcilce appllc•ble to charltles preparlTh8 thelr accounts In acrDrdance wlth the Flnantlal ReportlnE stsndard applicabk In the UK and RÈpubllc of Ireland IFR5 1021 lelfectlv l J8nu8ry 20191- Icharltles 50HP IFRS 1021 Second edkloTr October 20191. the Flnantlal Reportlng Stsndard appllcable In the VK and Republlc vllreland IFRS 1021. Theyal$ocomply wlth the CompwnlES Act 2006and CharltltsAct 2011. 8&slsof weparallo# The Inlu5tlce Foundatlon meets the dellnltlon of a pybllc benefit entlty under FAS 102. The attount5 ItTnan¢lal statements) have bEEn prepared under the hi5totlcal cost tonventlon wlth ttems re¢ogn15Ed at C05t aiiransactlon value uttless otherwlse stated In the relevant rwtelsl to the5¢ attounts. fjolnB CDttcÈrn Thq trstee$ con51der that thore are no mattrkl uncertalntles about the charnys ablllty to coThtlnue A¥ a i01Tr8 concern, Judgements and keysourtts Df esllmatlon uncertalnty In thè appllcatloTr olthÈ charlvs aCCQUnilngpollcles, the tnJ$teÈs are requlred lo mkelud8ements, Èstlmates and 55umptlons about thR carrySDg amount Df auets and Ilabllltles thèt are not readlly app4rent from other sources. The e5tlmate5 and a550clatd a55umptlons aTe bèied on hlstOTical e%pÈrfence and other factOTS that ar¢ tonsldered to be relevant. Actuol results maydlfferfromthese Èstlmètek The esiimates ènd vndeTlyln8 assumptlons #re Yevlewed on an ot)805nK basls. RevSskJTr5 to accountln8 estlmates 8re recognlsed In the perlods In whl¢h the estimète Is revI5ed where f$105 affects only that per10 or In tht pertod of the revlslon and luture pethds wherethe revl%lans affects bothcurikntand future perlods. Incom•ond endowmgnts Voluntary Inwme IncludlnB dDnatlonsJ 8lfts, leEacles ènd erant5 that provlde core fundlng or are of a 8enefal nature Is recoKnlsÈd when the chaTity has entltlement io the thcome, It Is Probable that the Income wlll be rerefved and the amwnt e4n be measured wlth suffldert relablllty. Pa8e 12
The Inlustk• Faundatlon Notegto the Flnanclal 5tstemgThts fortheyear ended 31 March 2025 Icontlnuedl Danatlon5 and le8ade$ are rercgnlsed on è recolvable basls when rerelpt 15 probthe and the amount ¢an be rellablym¢•sured. Inveséfflenthromv Interert Is reco8n15ed orKelt ha5 be4n declared and notitkotlcffj has been received Of the knterest due. Expendltu All expendlture 15 retoinlsed once ¢hÈre Is a legg1 or constni¢iiYe obllgètlon to thai expendlture, It 15 probable sett5ement Is rqqulr¢d and the arnount can be mea5uied rellably. All costs are allocated to the ippllcable Èxpendlture headlng th•t aiuegate slmllar costs to thot ¢ate80ry. Where costs cannot be dlfektly attrlbuted to p4rtlcular he3dlnE5 they have been allotated on a basls conslstent wlth the vs af resources, wlth certral staff Costs allucated on the ba$ls of tlme spent, anLI depredatlon rharies allocated on the portloA of the a4eV$ use. other support rosts arÈ avocited based on the5pread of stsff ¢osts. Cfvérft•bleocllvltles Char1table expendlture comprlses thosecosts Inrurred bythe charfty Inihe dellveryof It5artMtles and 5ervl¢ts for Its bEneftclarfe5. It In¢ludes both costs thatt•Th be allocated dlrectly t05uch acllvltles andthDse rosts cf an Indlrert nature neces5arytO supponthem. 6mntprovlslons Provlsk+nS for 8rant5 are made when the Intentlon to make a grnnt ha5 beD communlc&led to the r8clplBnt but there Is uncertalnty aboulehher thetlmlng of thegrant orth¢ èmount ot8i•ni payable. Support cort5 Support CD5ts In¢lude ¢8Thtral funcllon5 ar%d h4¥e been illocated io actfvlty ¢ost cètegortes on a bas15 cons15tert wlth the use of vesources, for erample, allocatlTrg property costs by floor arnas, or par caplts. staff tosts by the Ilme spent8nd othercosts by tholr usage. Taxallom The eharltyls rvnsldered to pass the tests set out In Para8r4ph I Schedul4 6 of the FlnaDce Act 2010 and iherefoie it meet5 the dtfinltlon of • charltable tompany for UK orporatlon t•x purp05e& Attordlngly, thE tharlty Is pDt¢Trtlally exempt from taxatlon In re5pert of Income or capltal ealns Yecel¥ed wlthln tateuo¥1È5 covered bv Chapter 3 Part 11 of thE Corporatlon Tè% Act 2010 gr 5¢ctlon 256 of theTatIOTr of Chèrgeabl¢ fjalns Act 1992. to theextentth•t sh Income orBalns¥e applled exduslvely to charll4ble purposes, Cash •nd eqUI1¢ts Cash and cash equlvatents comprlse cash on had and call depv$its, and othershort-terni hlghly Ilquld Investments th¥tare re3d51y¢onveFbIe w a known amount ol cash and are 5ubJerttoan In$lgnlficant rlskof change ID value. Pa8e 13
The Inlu5tlce Foundatlon Notesto the Flnanclal Stat•fflentstorthgYear Ended 31 March 20251contlnued) BtsTrnwlnR5 Intereit-beafing borrowln8$ are Inltlalty recorded at falr value, net of tran53Ctl¢m $ts, Intere5t-bearl borrowlnE$ ai¢ subsequentty ¢¥rrled at amort15ed tosL v4tth the dlfference between the proceeds, nEt (If Iransactlon co5 and the arnouni due on tedemptlon bdne O<ed a$ • char4e to the StalornQnt of Flnanclal Adlvlties overthe peilod ofthe relovant borrowln& Interest eMpen5e15 fero8nlsed on the bas1$ oftheeffectlvè Int*rw method and Is Included In Interest poyable aThd sknllar charges. Borrowlnls are cla551fitd as ¢urr¢nt Ilabllhle$ unless the ch3T5ty las an uncondlttonal rliht to defer settlement of the Ilabiiityfor ot least monthsafter the reportln8 date. FU Unrestrlrted Income fund5 are 8enernl funds that are 4vaIlab for use at the trustees dlxretlor5 In furthÈrante of the oblertlves of the charlty. RestrT¢ied Incc4ne funds arÈ tho$e donated for use In a partlcular area orfor Speclfic purpose¥ the use ofwhlch Is restrirted tothataTeo orpurpose. I I1•M¢frOM donldvnsand leB3cEe6 tlnrestrl¢ted funds Geral R•strfrted I¥Dd5 Totlll 2025 Total 2024 Donatlons and legacle5,' Dtsnatlons from comparble$.tr¥sts hnd 51mllar proceeds Don4t10Tr5 from Ind4vldua15 Glftald reclaSmpd L08S.500 1,085,500 157,600 58,(M)O 115,000 16501 157,SDJ 1,085,500 157,60D 1,243,100 172,350 4 Irhvestmentln¢ome Unl£sded ltsnds Totbl 2025 Intsrest recelvable and 51mflaT ltttomÈ; Intere5tretelvable on bank depDsIts S,589 5,589 Pa8e 14
The Inlustke Foundatlon Notes tts the Flnanclal 5tatementsfor th¢ Year Ended 31 March 2025 {connued1 5 Expeth¢urtt•n<hirftablB ottlvltle5 Unre5trkn•d funds 6eTreral Restrfrted funds Yotsl 1025 Total 2Q24 Le8al and professlon71 Bonkthary5 Grantftsndlni ot ¥olvltle5 SupportC05tS 2,915 1915 loo io,ooi 400 IIL573 121.574 4.800 233,800 B94 17 IIL573 23 129.3Bg 694 6 Anitysl$ ofsupport<osis SupPDrtsI$ Tol•l 2024 2025 Audlr fee5 Audltof iheflnanclal statements Independent examlnalloh 4AOQ 894 4.800 894 7 Trystresremunorntlon andwenl No trustees. nor any persons cahne¢ted wlth them, have rece iny remunqr4tlon from the thlrlty durlni tho vear. Notrustees hive recelved any relmbursed expenses orarbyotherbenefftsfromthe charitydyrlngthey¢•r. 8 Audl¢ow5'TemuDeratlo 2025 Audit oftheflnancfjal statemipts PaEe 15
The Injust1 Foundatlon Notes to the Flnan¢lal Ststsments forthe Year Ended 31 March 2025 (contlnuedl 9 T4x•it Thochavlty Is a ro8151eTed charltyand Is thereforeexempt frgmt4xitltyn. 10 Debtors 2025 Prepèym¢nts 242,560 11 Cash and ¢ash equIlnts 2025 2024 Cash atbank 927,082 46.436 11 Credltors: ImouTrtsfvllln8due wlthlnoneyear 2025 A¢crual$ 4000 13 Fuhtd$ Oalanfe at I Aprfl 2024 InromlnK resoiirceB Reso¥r¢es eKpended Dalanceat31 M41¢h 2025 Unie8trl¢tsdtund$ Generol GenEral Funds 0,542 1,091,089 117.8151 1,113,816 Restr1(led funds Free SpÈech Unltyi 5,QOO 157.6eO 1111.573 51.027 Totolfvnds 45,542 1.248.689 129.588 1,164,843 Poze 16
The Inlustlce Foundatlon Notes tolhe Flnandol Stjtements forthe Year Ended 31 MaT¢h 2025 l¢ontlnu•d) Balan¢e at I ApwN 201J IbKomln8 resour¢ Resources expended Balincealjl Mareh2024 Unlqstrlcltdfunds Gefternl General Fund5 91M86 57,350 IIOB.6941 40,542 Roslrfrted fvnds Freespetth Unlo I6 115,COO 1126 000 5.000 T0tslfvr1 107,886 172,350 1234 694 45,542 The spedfic purp05esforwNch the luftdsare to be appllvd are3sfollows-. Free Speech Unlon.funds lor'Free5peech Unlon, 14 Analysk ofmeta55¥ts b¢eInd> U*vestilcled funds eneral Total ld$at 31 Mirch 202S Rejtrlcted fimds CurrentasseE5 I,11BlS 14,8001 55027 1,169,642 14,8ODI Current Ilabllmes Totsl neta559ts 1,113.B15 1,164,842 Unre5twlclBd fvnds General Total fund$at M4rth 2024 Rertrltted funds Current a55ets rrent nabllltle5 4L436 5.000 46A36 18941 rotal net ass•ts 40y2 5,000 45.542 Ptyge 17
The Injust1 Foundatlon Note5 tothe Flnanclal Ststem*nts forthe Year Ended 31 March 2025 {contlnued) 15 Related partytranswetlonB Durlngthe yearthe ¢harlty m)deth¢ followlngrelated P8Tty tTr115actlon$: Lord ITru5tee OfthechBrj The charfty recelved a donatlon of £nÈl12024.. £10,000) from Lord Vlnson. a formerTrustee of the charlty, Bnd also a Trustee ofThe Nlgel Vlnson ChBrftable Trust.At the balance sheei date the amountduetolfrom Lord Vln50n wa5 £NII12024. ENIII. Lord Mtyynlhin ol Chel$o0 ITrustet oflhechirityl The charfty recelved z dMatioTh of £nll12024.. £3.1)001 from Lord Moynlhan of Chelsea. At the balBnce Sheet date theamountduatolfrom Lord Moynlhonof Ch815ea was £NII12024- £NIII. Moynltrust The charlty retelved è donatlon of £10,000 12024: £20,000) from IAtsynilru5i a charfty that Lord Moynlh8n of CheL%ea 15 thalrman of and Lord Elllott Df Mk¢ Fell Is a Trustee of. At ihe balance sheet date the amount du? tolfrom Moynltrust £NII12024- £NIII. Page 18