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2025-08-31-accounts

Company number: 07640644 – Charity number: 1142548

Contents

Preface – 7

CHAPTER 1: Objectives & Activities – 7

CHAPTER 2: Impact & Performance – 9

CHAPTER 3: Financial Review – 17

CHAPTER 4: Structure, Governance & Management – 20

CHAPTER 5: Reference & Administrative Details – 25

CHAPTER 6: Independent examiner's report – 30

CHAPTER 7: Financial Statements – 33

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A Message From Our CEO

The year 2024/25 for Diversity Role Models has been defined by both significant challenge and incredible impact.

External circumstances presented real obstacles this year, making our mission more difficult to fund and sustain. The Government’s decision not to continue the anti-bullying fund, coupled with a noticeable trend of some corporate partners moving away from supporting LGBTQ+ causes or Diversity, Equity and Inclusion initiatives, made our fundraising environment significantly more challenging. This led to difficult but necessary decisions to restructure our team to adapt to the new circumstances.

Alex Feis-Bryce (he/him)

While navigating a turbulent landscape, I am immensely proud of the resilience and dedication shown by the entire team continuing our vital work, delivering our inspiring, lifechanging workshops to almost 40,000 young people across the country. This phenomenal achievement marks our second biggest year in terms of reach and impact in the charity’s history. This is a testament to the commitment and passion of our staff team and our brilliant volunteers.

While celebrating our reach, we must acknowledge that the need for our work has become even more urgent as the situation in schools has got worse not better for young LGBTQ+ people. Recent research (Theirworld 2024) found that almost half of LGBTQ+ young people have been bullied in school and our own data reveals a dramatic and concerning trend: the number of young people who believe an LGBTQ+ person would feel comfortable coming out at school dropped sharply from 26% in 2023/24 to just 18% in 2024/25.

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This reminds us that our workshops building empathy, confidence, and supportive allyship are more critical than ever and we must work even harder to create the genuinely inclusive and safe school environment every child deserves.

In these challenging times when our work is more important than before, I want to extend a massive thank you to all the funders and partners who have stood firmly by us and continue to make our work possible. Your belief in our mission has not wavered, and your financial support is more important now than it has ever been.

I would also like to extend my sincere thanks to the school leaders who have championed and supported our work, demonstrating unwavering commitment to creating inclusive and safe environments for their pupils.

Looking ahead, our focus remains on deepening our impact and finding sustainable ways to reach every school that needs us. Our mission is far from complete, and we need the continued support of our funders and partners, alongside the commitment of our staff, trustees and volunteers, to realise our vision of a world where everyone embraces diversity and can truly thrive.

Alex Feis-Bryce (he/him) Chief Executive Officer

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Preface

Diversity Role Models is a dynamic charity whose vision is a world where everyone embraces diversity and can thrive. Our mission is to end bullying based on sexual orientation and gender identity in schools and promote understanding and acceptance of broader individual differences. Collaboratively, we’re determined to create inclusive learning environments where young people know they are valued and supported, regardless of their differences.

Our experienced team of educators and inspiring volunteer Role Models deliver in-person and online workshops for students in schools and colleges. Using pioneering educational content underpinned by the power of storytelling, we speak openly about lived experiences of difference and bullying. Our volunteer Role Models are at the heart of our delivery. They share their journeys towards living happy and fulfilling lives to inspire others.

Since our formation in 2011, we have worked directly with over 1,000 schools, delivered sessions to over 277,000 young people, and trained over 25,500 school staff members.

Our workshops educate young people about diversity. They empower them to recognise and embrace differences in others. During the workshops, we demonstrate how students can support each other and act as upstanders rather than bystanders, by challenging bullying and inappropriate language or behaviour.

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Our workshops have an impact:

In addition to delivering workshops, we develop invaluable educational resources for teachers, governors, parents/carers, and communities. Through a holistic approach to a young person’s educational environment, we strive to create safe and inclusive spaces. With this collaborative method, we are empowering a future generation that understands, respects, and embraces people’s differences.

After the conclusion of our 3-year Department for Education-funded project last year, we have been working to fully embed and expand the project’s content across all age phases and settings we work with. We now have a full suite of workshops focusing on all protected characteristics and areas of perceived difference, in addition to our LGBTQ+ inclusion work.

Report of the Directors

For the year ended 31[st] August 2025

The Trustees, who are also Directors of the company for the purposes of the Companies Act 2006, present their report and financial statements of the charity for the year ended 31st August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in the note 1 to the financial statements and comply with the charity’s Articles of Association, the Companies Act 2006, and the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019.

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Diversity Role Models Chapter I Objectives & Activities

1.1 Objectives

Diversity Role Models' charitable objects are specifically restricted, in each case, to the promotion of equality and diversity for the public benefit by:

  1. The elimination of discrimination on the grounds of sexual orientation and gender identity in educational institutions

  2. Advancing education and raising awareness in equality, diversity and inclusion

  3. Promoting activities to foster understanding between people from diverse backgrounds.

1.2 Activities

We deliver tailored workshops for young people from early years through to further education that focus on developing empathy and sharing lived experiences in a developmentally appropriate way. In addition to this, we provide training for school staff, governors and, increasingly, parents and carers, to help bring our work beyond just the classroom. We also have an extensive range of impactful educational resources that can be used in the schools from early years to post-16 education and to help support school staff and parents and carers too.

In all our sessions, volunteer Role Models share their personal experiences with difference and bullying, to help build empathy and create a lasting impact, both during and after the sessions. These lived experiences help both adults and students understand the power of language, and for educators, highlight the importance of diverse and inclusive representation in teaching materials and lessons.

All this work helps to encourage young people to foster safe and inclusive spaces in their communities and to challenge harmful language and stereotypes by being upstanders.

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Diversity Role Models Chapter 2 Impact & Performance JtsiiheBfronye•t

2.1 Service Delivery

Last year, we worked with just over 41,000 young people. A huge undertaking, despite the challenges we faced with fundraising. We delivered an incredible 1,157 workshops.

Over 60% of the schools we worked with this year are existing schools we’ve worked with previously, meaning that most of our schools want to rebook our work year after year. An existing school is classed as a school with bookings in the previous two fiscal years.

We have continued to work with staff, following the conclusion of our funded Department for Education project last year, running 35 sessions with over 1,000 school staff.

----- Start of picture text -----
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2.1.1 Our Delivery and Beneficiaries

2025 2024 2023 2022
Number of Schools 187 268 300 203
Number of Individual
Beneficiaries		 41,015 45,323 40,752 30,247
Average Beneficiaries
per School		 219 169 136 149

2.1.1.1 Our Delivery Distribution By Beneficiaries

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2.1.2 Student Workshop Programme

The number of student workshops we delivered this year was slightly lower than previous years. Despite this, we still managed to reach over 40,000 young people – our second highest year to date.

2025 2024 2023 2022
Number of Workshops 1,157 1,389 1,184 808
Total students present
in all workshops
delivered		 41,015 43,573 34,470 27,562

2.1.3 School Staff and Governor Training Programme:

Without the Department for Education funding this year, it meant we had no funding for school staff. This meant we delivered fewer staff trainings this year, impacted by school’s tighter budgets and a lack of external funding for staff training.

2025 2024 2023 2022
Number of
Staff/Governor
Sessions		 33 108 209 110
Number of individual
Staff/Governors
reached		 1,144 3,945 6,212 4,090

2.1.4 Parent/Carer Workshop Programme:

2025 2024 2023 2022 12
Number of
Parent/Carer Sessions		 3 9 4 1
Number of individual
Parent/Carers reached		 41 25 70 15

2.1.5 Impacts & Outcomes of Our Work

Primary

of pupils will respect people who are different to them more after the workshop

of pupils feel more confident to do something if they saw bullying after the workshops

Secondary

of students will respect someone who is LGBTQ+ after workshops

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2.2 Fundraising

This year has been challenging for the organisation with the ending of the Department for Education’s anti-bullying fund and a climate of corporates and individuals moving away from supporting LGBTQ+ causes. Therefore, we have proactively sought alternative funding streams from a diverse range of sources to ensure the sustainability of our work. Our focus, as always, remains on maintaining accessibility, particularly for schools where financial barriers may otherwise prevent their ability to engage with our work.

2.2.1 Corporate Sponsors

Corporate partnerships remain part of our funding strategy, primarily through restricted fund delivery grants, even if a slightly reduced portion this year. We take pride in maintaining transparent relationships with our corporate partners, providing interim and final reports that demonstrate both qualitative and quantitative impact. These reports showcase the tangible differences their investments make, from capturing meaningful feedback from students and staff to highlighting the expanding reach of our programmes across schools nationwide.

We are profoundly grateful to each organisation that has chosen to partner with us, helping transform young lives through our work.

2.2.2 Trusts & Foundations

Around 10% of our income came from Trust & Foundations last year, a continued significant increase on last year's figure. We have continued to explore this area of funding, applying to more grants this year than in any other, with good levels of success. This will continue to be an area we invest our time exploring.

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2.2.3 Individual Giving

We are grateful to continue to have incredible individual donors through regular monthly giving or through bucket shakes and one-off donations at events, payroll giving and through our website.

2.2.4 Events & Other Unrestricted Funds

We had the privilege of attending several events organised by partner that helped raise vital funds for our charity.

2.2.5 In-Kind Support and Donations

We continue to benefit from pro bono specialist support from a number of people and organisations. This support has a huge impact on what we are able to achieve. In particular Nexer have continued to be an incredible partner of ours, and with the addition of new pro bono support this year from House of Performance.

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2.3 Staff & Volunteers

2.3.1 Volunteers

The Trustees would like to extend a huge thank you to all of our volunteers, whether that be those who support us in the classroom or behind the scenes. We simply would not be able to do the incredible work that we do without them. The impact of their stories in the classrooms is transformative and helps to build lasting empathy for the young people and staff we work with.

Our volunteers also continue to help us shape the work that we do with our Education Steering Group.

At the end of the year, we were supported by an incredible 259 volunteer Role Models and volunteer Facilitators whose lived experience and commitment remain central to our delivery model. Together, they contributed 640 hours of their time, sharing powerful personal stories that bring authenticity and depth to every workshop. Through their openness and generosity, more than 41,000 pupils were reached this year, ensuring that meaningful conversations about inclusion continue to chang lives and helping to create greater understanding, empathy and allyship in schools across the country.

2.3.2 Patrons & Ambassadors

We continue to be supported by high-profile patrons and ambassadors, and we are very appreciative and grateful for everything they do for us.

2.3.3 Staff

As a result of funding challenges and restructuring, we ended the year with 7 staff across both our Education and Operations Teams. The Trustees thank all colleagues for their outstanding commitment to the Charity.

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Diversity Role Models Chapter 3 Financial Review 17

3.0 Financial review

Funds raised

Total income for the year was £330,243(2024: £732,037) of which unrestricted income was £205,595 (2024: £219,270).

Expenditure

Total expenditure for the year was £622.651 (2024: £776,635) of which unrestricted expenditure was £498,003 (2024: £218,953).

This resulted in a deficit in year of £292,408 (2024: deficit of £44,598).

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Reserves

Diversity Role Models’ reserves policy has been devised by analysing the Charity’s main financial obligations now, and in the future, the cost of reshaping the charity and the scale of risk to voluntary income in order to calculate a target sum of unrestricted funds to be held in reserve. Such a sum should be sufficient to ensure the continued operation of the Charity in the medium term in the event of a drop in generated income.

The reserves policy contains a framework for regularly reviewing the free reserves level, with the frequency of review determined by the amount of free reserves held. This is to ensure that the Trustees continue to monitor and manage the reserves effectively.

The target for 31 August 2025 was set at £117,125 (2024: £337,162) in free reserves. At 31 August 2025, Diversity Role Models held £61,029 (2024: £353,437) in free reserves which is below this requirement, however, since the year-end the Trustees have taken active steps to address this position, securing additional income streams and implementing targeted cost reductions, with free reserves having improved significantly since the year end.

Post balance sheet non-adjusting event

On 15 May 2026, Diversity Role Models entered into a Change of Control Agreement with Stonewall Equality Limited (Registered Charity No. 1101255), pursuant to which Stonewall will become the sole corporate Member of Diversity Role Models with effect from 1 August 2026. Diversity Role Models will continue to operate as a separate registered charity and company limited by guarantee under Stonewall's governance, delivering its educational programmes in schools in partnership with Stonewall's established infrastructure and support.

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Diversity Role Models Chapter 4 Structure, Governance & Management 20

4.1 Governing Document

Diversity Role Models is a charitable company, limited by guarantee, incorporated on 19 May 2011, and registered as a charity on 23 June 2011.

The company was established under a Memorandum and Articles of Association, which established the objects and powers of the charitable company and is currently governed by Articles of Association (most-recently amended on 19 June 2024).

4.2 Governance

The charity is governed by its Trustees. The Trustees also act as the members of the charity and its corporate Directors for the purposes of the Companies Act 2006. The Articles of Association outline the powers, responsibilities and decisionmaking of the Trustees.

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4.3 Recruitment & Appointment of Trustees

The process for appointing Diversity Role Models’ voluntary Trustees was set out in the Articles of Association for the charity year. The minimum number of Trustees is five. The maximum number of Trustees is fifteen.

New Trustees are appointed by the existing Trustees of the charity for terms not to exceed three years. Trustees may serve multiple terms. The maximum term of continual service for a Trustee was six consecutive years. A Trustee who had served for a maximum consecutive period allowed is not eligible for reappointment until one year has elapsed from the date of expiry of that Trustee's last term of service. The Trustees may appoint any person willing and fit to act as a Trustee and Director, subject to the provisions of the Articles of Association.

Diversity Role Models conducts a regular skills, experience, and diversity audit of Trustees. This audit identifies gaps in skills or under-representation of particular groups or communities and is fundamental to the recruitment process.

Applicants are invited to apply via an open recruitment process. They complete an application form, after which shortlisted applicants are interviewed by a panel comprised of existing Trustees. This panel makes a recommendation to the Trustees, with suitable applicants nominated for selection.

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4.4 Trustee Induction & Training

Trustees are provided with a clear role description outlining their statutory, safeguarding, and additional responsibilities as well as the Trustee code of conduct. Trustees are required to acquaint themselves with Diversity Role Models’ policies and procedures, strategic plan and budget, and its Articles of Association. Trustees are actively required to take up relevant training and development to fulfil their role and responsibilities to Diversity Role Models. Trustees are also able to attend our sessions in schools across the country to see the impact of our work in action.

4.5 Organisational Structure & Decision Making

The Trustees are responsible for the strategic direction of the charity and oversight of its work and finances.

The Trustees delegate day-to-day responsibility for the provision of services to the Chief Executive Officer. The Chief Executive Officer is responsible for ensuring the secure financial management and administration of the charity. Effective management and supervision of the staff team is the responsibility of the Chief Executive Officer.

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4.6 Remuneration of Key Management Personnel

The remuneration of the charity’s key management personnel, the Chief Executive Officer, is set by the Trustees, considering the charity’s financial position and the amount paid for comparable roles in comparable organisations. This is the case for all staff roles.

4.7 Risk assessment

Diversity Role Models regularly undertakes a review and assessment of risks, financial and non-financial, to which it is exposed in its current activities.

The Trustees have considered a summary of risks and have ensured that effective systems and controls exist to reduce internal risks and respond swiftly to external risks and minimise their impact. For this purpose, the Trustees maintain a risk register.

Risks are monitored continually by the management and reviewed by the Trustees unless there are issues that need the Trustee's immediate attention.

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Diversity Role Models Chapter 5 Reference & Administrative Details 25

5.1 Charity Details

Charity Name: Diversity Role Models Charity Number: 1142548 Company Number: 07640644

Principal and Registered Office: St Anne’s Church, 55 Dean Street, London, W1D 6AF Chief Executive Officer: Alexander Robert Ian Feis-Bryce

5.1.1 Trustees & Directors

The Trustees who served during the year, or who served at the time this report and financial statements were approved, who were also Directors of the company were as follows:

Christopher Glenn Drennen

Christopher James Tune (until 27.12.2024) Costandinos Andreou Kyriacou Daniel Patrick Hughes Daniela Rosetta Grasso Dena Tahmasebi

Jose Leonardo Plata Martinez Kelly Anne Higson Neil Russell Feinson Ross Donald McKellar Symon Wheelhouse Tamoor Ali (until 07.11.2024)

George Adam McCann Heidi Amelia Mallace

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5.1.2 Bankers

Lloyds Bank Kilburn Branch 106 Kilburn High Road London NW6 4HY

Metro Bank PLC One Southampton Row London WC1B 5HA

Wise Payments Limited 65 Clifton Street London EC2A 4JE

Soldo Ltd 119 Marylebone Rd London NW1 5PU

PayPal Ballycoolin Business Park Ballycoolin Road Blanchardstown Dublin 15 Ireland

Stripe Payments UK Ltd 9th Floor 107 Cheapside London EC2V 6DN

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5.2 Statement of trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the excess of expenditure over income for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

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The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that content of the annual review in pages 3 to 29 of this document meet the requirements of both the Trustees’ Annual Report under charity law and the Directors’ Report under company law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

Preparation of the report

This report has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006, and the exemptions available for smaller charities under the Statement of Recommended Practice.

This report was approved and authorised for issue by the Board of Trustees on 23 June 2026 and signed on its behalf by:

Christopher Drennen

Chair of the Board of Trustees

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Diversity Role Models Chapter 6 Independent examiners report 30

6.0 Independent examiner’s report

I report to the Trustees on my examination of the accounts of Diversity Role Models (charity number 1142548, company number 07640644) for the year ended 31 August 2025 which are set out on pages 34 to 50.

Respective responsibilities of trustees and examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2011 Act’) nor under Part 16 of the 2006 Act, and that an independent examination is needed.

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, it is my responsibility to:

This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

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Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Bianca Permal

Bianca Permal FCA

Fellow of the Institute of Chartered Accountants in England and Wales

Dated: 26 June 2026

Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB

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Diversity Role Models Chapter 7 Financial Statements 33

7.1 Statement of financial activities

For year ended 31 August 2025

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Year ended Year ended Year ended Year ended
31-Aug-25 31-Aug-25 31-Aug-25 31-Aug-24
Notes £ £ £ £
Income from
Donations and legacies 3 117,120 124,648 241,768 654,611
Charitable activities 4 75,680 - 75,680 60,273
-
Other trading activities 6,711 6,711 9,375
Investments 6,084 - 6,084 7,778
Total income 205,595 124,648 330,243 732,037
Expenditure on
Raising funds 5 & 6 44,860 - 44,860 107,053
Charitable activities 5 & 7 453,143 124,648 577,791 669,582
Total expenditure 498,003 124,648 622,651 776,635
-
Net income/(expenditure) (292,408) (292,408) (44,598)
Transfers between funds 12 - - - -
Movement in funds (292,408) - (292,408) (44,598)
Reconciliation of funds
Funds brought forward 12 & 13 353,437 - 353,437 398,035
Funds carried forward 12 & 13 61,029 - 61,029 353,437
----- End of picture text -----

The notes on pages 37 to 50 form part of the financial statements

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Company number: 07640644 – Charity number: 1142548

7.2 Balance sheet

As at 31 August 2025

----- Start of picture text -----
Total Total
Funds Funds
31-Aug-25 31-Aug-24
Notes £ £ £ £
Fixed assets
Tangible fixed assets 9 - -
Current assets
Debtors and prepayments 10 16,402 37,188
Cash at bank and in hand 131,150 427,556
Total current assets 147,552 464,744
Creditors
Amounts falling due within
one year 11 (86,523) (111,307)
Net current assets 61,029 353,437
Net assets 61,029 353,437
Funds of the charity
Unrestricted funds
General funds 12 & 13 61,029 353,437
Unrestricted funds 61,029 353,437
Total funds 61,029 353,437
----- End of picture text -----

The notes on pages 37 to 50 form part of the financial statements

The financial statements have been prepared in accordance with section 415A of the Companies Act 2006 relating to small companies and FRS 102 Section 1A.

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 December 2023, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 under section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

They were approved and authorised for issue by the Board of Trustees on 23 June 2026 and signed on their behalf by:

Christopher Drennen Chair of the Board of Trustees

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Company number: 07640644 – Charity number: 1142548

7.3 Statement of cash

flows

For year ended 31 August 2025

Cash flows from operating activities:
Net income/(expenditure) for period
as per SOFA
Adjustments for:
Depreciation charges
Investment income
(Increase)/decrease in trade receivables
(Increase)/decrease in prepayments
(Increase)/decrease in accrued income
(Increase)/decrease in other debtors
Increase/(decrease) in trade creditors
Increase/(decrease) in accruals
Increase/(decrease) in deferred income
Increase/(decrease) in HMRC payable
Increase/(decrease) in pension payable
Increase/(decrease) in other creditors
Net cash flows from operating activities
Cash flows from investing activities:
Investment income
Net cash flows from investing activities
Change in cash and cash equivalents
in period
Cash and cash equivalents at the
beginning of the period
Cash and cash equivalents at the
end of the period		 £
-
(6,084)
1,982
1,269
16,335
-
1,200
528
(2,510)
(14,584)
(4,440)
(3,581)
(197)
6,084		 Total
Funds
Year ended
31-Aug-25
£
£
(292,408)
1,496
(7,778)
99,450
(787)
49,356
-
(1,200)
(57,211)
(10,690)
(166,023)
2,079
(1,551)
163
(10,082)
(302,490)
7,778
6,084
(296,406)
427,556
131,150		 Total
Funds
Year ended
31-Aug-24
£
(44,598)
(92,696)
(137,294)
7,778
(129,516)
557,072
427,556

The notes on pages 37 to 50 form part of the financial statements

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Company number: 07640644 – Charity number: 1142548

7.4 Notes to the financial statements For year ended 31 August 2025

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), including Update Bulletin 2, and the Companies Act 2006.

The effect of any event relating to the year ended 31 August 2025, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 August 2025 and the results for the year ended on that date.

The functional currency of the Charity is sterling and amounts in the financial statements are rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on the going concern basis as the Board of Trustees have a reasonable expectation that future reserves and future income is more than sufficient to meet current commitments. Since the year end significant cost savings have been implemented and also additional revenue secured which has meant that the reserves position has improved significantly by the point the accounts were approved.

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Company number: 07640644 – Charity number: 1142548

Legal status

Diversity Role Models is a charitable company registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member. The registered address is St Anne’s Church, 55 Dean Street, London, W1D 6AF.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 12 of the financial statements.

Income

Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Income from charitable activities, including contract income and client fees, is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.

Interest is recorded when it is receivable.

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Company number: 07640644 – Charity number: 1142548

1. Accounting policies (continued from previous page)

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area, as outlined in note 5 of the financial statements.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, on the following basis:

Computer equipment 3 years
Office equipment 5 years

The residual value of the freehold property is estimated to be the same as the original cost and so no depreciation has been recognised in the period.

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values but are not held for investment purposes.

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

39

Company number: 07640644 – Charity number: 1142548

1. Accounting policies (continued from previous page)

Creditors and accruals

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Pensions

The Charity operates a defined contribution pension scheme which is administered by an external independent pension provider. Contributions are recognised in the Statement of Financial Activities as they fall due.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The annual depreciation charge for tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

40

Company number: 07640644 – Charity number: 1142548

2. Comparative statement of financial activities

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31-Aug-24 31-Aug-24 31-Aug-24
Notes £ £ £
Income from
Donations and legacies 3 141,844 512,767 654,611
Charitable activities 4 60,273 - 60,273
-
Other trading activities 9,375 9,375
Investments 7,778 - 7,778
Total income 219,270 512,767 732,037
Expenditure on
Raising funds 5 & 6 107,053 - 107,053
Charitable activities 5 & 7 111,900 557,682 669,582
Total expenditure 218,953 557,682 776,635
Net income/(expenditure) 317 (44,915) (44,598)
Transfers between funds 12 - - -
Movement in funds 317 (44,915) (44,598)
Reconciliation of funds
Funds brought forward 12 & 13 353,120 44,915 398,035
Funds carried forward 12 & 13 353,437 - 353,437
----- End of picture text -----

41

Company number: 07640644 – Charity number: 1142548

3. Income from donations and legacies

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31-Aug-25 31-Aug-25 31-Aug-25
£ £ £
Grants 6,850 124,648 131,498
Donations 96,490 - 96,490
-
Donations in kind (see note 18) 13,780 13,780
117,120 124,648 241,768
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31-Aug-24 31-Aug-24 31-Aug-24
£ £ £
Grants 12,500 512,767 525,267
Donations 115,564 - 115,564
-
Donations in kind (see note 18) 13,780 13,780
141,844 512,767 654,611
----- End of picture text -----

Income from grants includes £nil (2024: £ 107,944) received from the Department of Education for a project working within schools on anti-bullying workshops, and an amount of £31,250 (2024: £201,250) from Lego.

4. Income from charitable activities

4. Income from charitable activities
Educational institutions
Corporates
Other		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Aug-25
31-Aug-25
31-Aug-25
£
£
£
66,520
-
66,520
8,660
-
8,660
500
-
500
75,680
-
75,680
Educational institutions
Corporates		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Aug-24
31-Aug-24
31-Aug-24
£
£
£
47,323
-
47,323
12,950
-
12,950
60,273
-
60,273

42

Company number: 07640644 – Charity number: 1142548

5. Total expenditure

----- Start of picture text -----
|||||| |---|---|---|---|---| |Staff|Other direct|Support|Total| |costs|costs|costs|costs| |Year ended|Year ended|Year ended|Year ended| |31-Aug-25|31-Aug-25|31-Aug-25|31-Aug-25| |£|£|£|£| |Raising funds|33,597|6,387|4,876|44,860| |Charitable activities|478,528|36,463|62,800|577,791| |512,125|42,850|67,676|622,651| |Staff|Other direct|Support|Total| |costs|costs|costs|costs| |Year ended|Year ended|Year ended|Year ended| |31-Aug-24|31-Aug-24|31-Aug-24|31-Aug-24| |£|£|£|£| |Raising funds|69,040|16,308|21,705|107,053| |Charitable activities|453,457|80,366|135,759|669,582| |522,497|96,674|157,464|776,635|

----- End of picture text -----

Support costs, including governance costs, which cannot be directly attributed to activities, were allocated between cost centres proportionate to the direct staff and other costs allocated to those activities.

An analysis of costs of raising funds split between restricted and unrestricted funds can be found in note 6.

An analysis of charitable activities split between restricted and unrestricted funds can be found in note 7.

An analysis of staff costs can be found in note 8.

Support costs includes:

----- Start of picture text -----
|||| |---|---|---| |Total|Total| |costs|costs| |Year ended|Year ended| |31-Aug-25|31-Aug-24| |£|£| |Staff support costs|5,390|37,844| |Advisors and consultants|7,276|52,680| |Operations infrastructure|50,715|51,381| |Marketing and events|51|11,918| |Independent examination|2,646|2,520| |Other|1,598|1,121| |67,676|157,464|

----- End of picture text -----

43

Company number: 07640644 – Charity number: 1142548

6. Expenditure on raising funds

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31-Aug-25 31-Aug-25 31-Aug-25
£ £ £
Staff costs 33,597 - 33,597
Other direct costs 6,387 - 6,387
-
Support costs 4,876 4,876
44,860 - 44,860
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31-Aug-24 31-Aug-24 31-Aug-24
£ £ £
Staff costs 69,040 - 69,040
Other direct costs 16,308 - 16,308
-
Support costs 21,705 21,705
-
107,053 107,053
----- End of picture text -----

7. Expenditure on charitable activities

7. Expenditure on charitable activities
Staff costs
Other direct costs
Support costs		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Aug-25
31-Aug-25
31-Aug-25
£
£
£
375,294
103,234
478,528
28,597
7,866
36,463
49,252
13,548
62,800
453,143
124,648
577,791
Staff costs
Other direct costs
Support costs		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Aug-24
31-Aug-24
31-Aug-24
£
£
£
75,781
377,676
453,457
13,431
66,935
80,366
22,688
113,071
135,759
111,900
557,682
669,582

44

Company number: 07640644 – Charity number: 1142548

8. Staff costs

----- Start of picture text -----
Total Total
costs costs
Year ended Year ended
31-Aug-25 31-Aug-24
£ £
Gross salaries 451,996 466,171
Employers NIC 40,258 38,430
Employers pension 19,871 14,919
Other benefits - 2,977
512,125 522,497
----- End of picture text -----

The average headcount during the period was 11 persons (2024: 12 persons).

One employee received employee benefits of between £60,000 and £69,999 (2024: no employees received employee benefits of more than £60,000).

The total employee benefits paid to key management personnel during the year was £77,208 (2024: £80,739).

9. Tangible fixed assets

Cost
As at 1 September 2024
As at 31 August 2025
Accummulated depreciation
As at 1 September 2024
Charge for the year
As at 31 August 2025
Net book value
As at 1 September 2024
As at 31 August 2025		 Computer
Office
equipment
equipment
Total
£
£
£
4,781
680
5,461
4,781
680
5,461
4,781
680
5,461
-
-
-
4,781
680
5,461
-
-
-
-
-
-

45

Company number: 07640644 – Charity number: 1142548

10. Debtors and prepayments

----- Start of picture text -----
Total Total
31-Aug-25 31-Aug-24
£ £
Accounts receivable 10,778 12,760
Prepayments 2,624 3,893
Accrued income - 16,335
Premises deposit 3,000 3,000
Other debtors - 1,200
16,402 37,188
11. Creditors – amounts falling due in less than one year
Total Total
31-Aug-25 31-Aug-24
£ £
Accounts payable 1,367 839
Accruals 4,656 7,166
Deferred income 71,310 85,894
HMRC payable 7,466 11,906
Pension payable 1,724 5,305
Other creditors - 197
86,523 111,307
----- End of picture text -----

Deferred income consists of the following grant income amounts:

----- Start of picture text -----
Total Total
Year ended Year ended
31-Aug-25 31-Aug-24
£ £
Balance brought forward 85,894 251,917
Income released during the year (85,894) (251,917)
Income received during the year 71,310 85,894
Balance carried forward 71,310 85,894
----- End of picture text -----

46

Company number: 07640644 – Charity number: 1142548

12. Analysis of charity funds

----- Start of picture text -----
Total funds Total funds
as of 1 Income Expenditure Transfers as of 31
September for the in the between August
2024 period period funds 2025
£ £ £ £ £
Restricted
Student workshops
- North East hub - 33,250 (33,250) - -
- London - 27,890 (27,890) - -
- All - 32,258 (32,258) - -
- - -
Lego 31,250 (31,250)
Restricted - 124,648 (124,648) - -
Unrestricted
General funds 353,437 205,595 (498,003) - 61,029
Unrestricted 353,437 205,595 (498,003) - 61,029
Total funds 353,437 330,243 (622,651) - 61,029
----- End of picture text -----

Restricted funds – these are created from funds received in the form of grants and sponsorship for the delivery of services to specific geographical areas or for specific projects. The new category under student workshops of ‘all’ consists of a large number of small funds – a full list is available from the charity in request.

Designated funds – the net book value of the fixed assets has been designated as it does not form part of the free reserves of the charity.

47

Company number: 07640644 – Charity number: 1142548

12. Analysis of charity funds (continued from previous page)

----- Start of picture text -----
Total funds Total funds
as of 1 Income Expenditure Transfers as of 31
September for the in the between August
2023 period period funds 2024
£ £ £ £ £
Restricted
Student workshops
- North East hub - - - - -
- Westminster 175 - (175) - -
- All - 161,573 (161,573) - -
Department for
Education - 107,944 (107,944) - -
Aviva (152) 12,000 (11,848) - -
PA Foundation 30,000 20,000 (50,000) - -
- - -
Lego 201,250 (201,250)
Reed Smith LLP 5,000 - (5,000) - -
Westminster
Foundation 9,442 10,000 (19,442) - -
London Community
Response Fund 450 - (450) - -
Restricted 44,915 512,767 (557,682) - -
Unrestricted
Designated funds
Fixed assets 1,496 - (1,496) - -
General funds 351,624 219,270 (217,457) - 353,437
Unrestricted 353,120 219,270 (218,953) - 353,437
Total funds 398,035 732,037 (776,635) - 353,437
----- End of picture text -----

13. Analysis of net assets

13. Analysis of net assets
Current assets
Current liabilities		 Unrestricted
Restricted
Total
Funds
Funds
Funds
31-Aug-25
31-Aug-25
31-Aug-25
£
£
£
76,242
71,310
147,552
(15,213)
(71,310)
(86,523)
61,029
-
61,029
Unrestricted
Restricted
Total
Current assets
Current liabilities		 Funds
Funds
Funds
31-Aug-24
31-Aug-24
31-Aug-24
£
£
£
419,829
44,915
464,744
(111,307)
-
(111,307)
308,522
44,915
353,437

48

Company number: 07640644 – Charity number: 1142548

14. Analysis of net debt

----- Start of picture text -----
|||||| |---|---|---|---|---| |As of 1|As of 31| |September|Cash|Other|August| |2024|movements|movements|2025| |£|£|£|£| |Cash at bank and in hand|427,556|(296,406)|-|131,150| |-| |427,556|(296,406)|131,150| |As of 1|As of 31| |September|Cash|Other|August| |2023|movements|movements|2024| |£|£|£|£| |Cash at bank and in hand|557,072|(129,516)|-|427,556| |557,072|(129,516)|-|427,556|

----- End of picture text -----

15. Trustee remuneration

During the year, no trustee received any remuneration (2024: £Nil). No members of the Board of Trustees received reimbursement of expenses (2024: £Nil).

16. Related party transactions

During the year there were no related party transactions (2024: £Nil).

The aggregate amount of all donations from trustees was £Nil (2024: £1,222).

17. Other financial commitments

On 31 August 2025, the Charity had annual future minimum lease payments under a noncancellable operating lease for the office premises as set out below:

----- Start of picture text -----
|||| |---|---|---| |Total|Total| |31-Aug-25|31-Aug-24| |£|£| |Amounts falling due within| |One year|6,855|27,420| |-| |Two to five years|6,855| |6,855|34,275|

----- End of picture text -----

18. Donations in kind

During the year the charity benefited from the following pro-bono support as reflected in note 3. All expenditure has been recognised within other direct charitable expenditure:

----- Start of picture text -----
|||| |---|---|---| |Total|Total| |31-Aug-25|31-Aug-24| |£|£| |Website support|10,000|10,000| |Salesforce support|3,780|3,780| |13,780|13,780|

----- End of picture text -----

49

Company number: 07640644 – Charity number: 1142548

19. Post balance sheet non-adjusting event

On 15 May 2026, Diversity Role Models entered into a Change of Control Agreement with Stonewall Equality Limited (Registered Charity No. 1101255), pursuant to which Stonewall will become the sole corporate Member of Diversity Role Models with effect from 1 August 2026. Diversity Role Models will continue to operate as a separate registered charity and company limited by guarantee under Stonewall's governance, delivering its educational programmes in schools in partnership with Stonewall's established infrastructure and support.

50

Company number: 07640644 – Charity number: 1142548

Diversity Role Models St Anne’s Church, 55 Dean Street, London W1D 6AF info@diversityrolemodels.org Registered Charity number: 1142548 Registered Company number: 07640644

Published by Diversity Role Models, 2026