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2021-12-31-accounts

Reference and Administrative
Information
Trustees
Bankers
Funders
and Supporters
Message from the Chair ofTrustees, Dr Fran Darlington-
Pollock 7
Our vision, purpose
and values June 202I]
Our Vision
Our Purpose
Our Values
Our Charitable
Objectives		 IO
Strategic impact
in 2021		 l2
Increase public, corporate and political support for, and
agency to take action on, dismantling economic and social
structural
inequalities.		 l3
Use the evidence-base to advocate for policies that will
dismantle
economic and social structural		 inequalities as
athought
leader, focusing on solutions.		 l4
Strengthen
and support
organisations
and		 individuals to
embed the narratives
and practice needed		 to dismantle
economic and social structural
inequalities.		 IS
Beatrusted
and credible authority		 on inequalities, valuing
learned
and lived experience, and putting		 co-production at
the heart ofour work. l7
Being avalues-led,
agile, sustainable		 and collaborative
organisation
that seeks to share its power.		 IS
Looking ahead to 2022 20
Our year in figures 23
Structure, Governance
and Management		 24
Governing
Document
The Board 24
Trustee Expenses 24
Recruitment
and appointment		 Recruitment
and appointment		 ofTrustees 24
The Charity Governance
Code		 24
Induction
and training ofTrustees		 24
Structure, Governance
and		 Management 24
Organisational
Structure		 25
Risk Management 25
Financial
Review		 26
Principal
Funding Sources		 26
Impact ofCOVID-19 26
Reserves
Policy		 27
Transactions
and Financial		 Position 27
Related parties transactions 27
Availability
and adequacy of		 assets of each ofthe funds 27
The investment
policy and		 objectives 27
Statement ofDirectors' and Trustees' Responsibilities 28
Small company special provision 28
Independent
Examiner's		 Report 29

v4) 14.jj I I',I IC IGHT ,) INEQUA¥ j£a',<ii A Fiimate 'Strike Brighton. Photo by James Collins 19

CHARITY CHARITY COMMISSION
Independent
examiner's
report		 COMMISSION
Independent
examiner's
report
FOR ENGLAND
AND WALES
on the accounts
Report to the The Equality Trust
trustees/directors/
members of
On accounts for the year 31 December 2021
ended
Charity no.:
1161545
Company
no.:
6084965
Setout on pages 30 - 37
I report to the charity trustees
on my examination
ofthe accounts of		 the
Company
for the year ended 31 December 2021.
Responsibilities and basis As the chadity's
trustees ofthe Company
(who are also the directors		 ofthe
of report company
for the purposes
of company
law), you are responsible
for		 the
preparation
ofthe accounts
in accordance
with the requirements
ofthe
Companies
Act 2006 ("the 2006Act").
Having satisfied
myself that the accounts ofthe Company
are not required		 to
be audited for this year under Part 16ofthe 2006Act and are eligible for
independent
examination,
I report in respect of my examination
ofyour
charity's
accounts as carried out under section 145ofthe Charities Act 2011
("the 2011Act"). In carrying
out my examination,
I have followed the
Directions
given by the Charity Commission
(under section 145(5)(b) ofthe
2011Act.
Independent examiner's The company's
gross income exceeded 6250,000 and
I am qualified		 to
statement undertake
the examination
by being a qualified
member ofthe Association		 of
Chartered
Certified Accountants.
I have completed
my examination.
I confirm that no material
matters		 have
come to my attention
which gives me cause to believe that:
~ accounting
records were not kept in accordance
with section 366ofthe
Companies
Act 2006; or
~ the accounts do not accord with such records; or
~ the accounts do not comply with relevant
accounting
requirements		 under
section 396ofthe Companies
Act 2006 other than any requirement		 that the
accounts
give a 'true and fair' view which is not a matter considered		 as part
of an independent
examination;
or
.the accounts have not been prepared
in accordance
with the Charities
SORP (FRS102).

oIe Unrest
Funds		 5IcIed Restricted
Funds		 Total
2021		 Unrestricted
Funds		 Restricted
Funds		 Total 2020
income
Donations
and grants		 2 107,462 144,195 251,657 138,057 165,925 306,9&5
Charitable
activity fees		 68,721 3,070 71,701 10,776 750 11,525
Other trading activities
Investments:
Bank interest		 170 170 392 392
Total Income 176,353 147„265 323,618 149,225 169,678 31&,903
Expenditure
Raising funds 2,523 2,523 0,539 535 10,074
Charitable
Activities		 3 185,031 159,535 344,566 140,408 165,229 305,637
Total Expenditure 1&?,664 159,535 347,0&9 149,947 165,764 3'l5,7'l1
Net income/(expenditure) (11,201) (12.270) (23A?1) (?22) 3,914 3,192
Transfers
between funds		 (1,961) 1,961
Net movement
in funds		 (11,201) (12.270) (23,471) (2,683) 5,875 3,192
Total funds brought
forward		 92,943 100,347 193,290 85,626 94„472 190,098
Total funds carried forward 81,742 88,0?7 169,819 92,943 100,347 193,290

Note f 2021 2020f
Current Assets
Investments 69,006 69,736
Stock 392 448
Debtors 13,373 20,118
Bank and cash 102,086 161,208
185,757 251,510
Creditors: amounts due within one year
Creditors 58,220
Net Current Assets 169,819 193,290
Total Net Assets 169,&19 193,290
Represented
by:
Restricted Funds 88,077 100,347
Unrestricted Funds
Designated Funds 10 15,000 57,128
General Reserves 66,742 35,815
TotalFunds 169,&19 193,290

The E ualit
Trust
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021		 The E ualit
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021		 The E ualit
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021		 The E ualit
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021		 The E ualit
Trust
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021		 The E ualit
Trust
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021		 The E ualit
Trust
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2021
The Equalily Trust is a charitable
limited company
registered
with Companies
House
in England
and Vurles ab Resource
for London, 365 Holloway
Road, London,
Ny 6PA.
1. Accounting
Policies
The principal accounting
policies adopted, judgements
and key sources ofestimation
and uncertainty
in the preparation
ofthe financial statments
are as follows.
a Basis ofpreparation
The financial
statements
have been prepared
in accordance
with the charity's
governing
document,		 the Companies Act
2006 and "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
Ireland (FRS102)(effective 1 January 2019)".		 and Republic of
The chartity meets the definition
ofa public benefit entity as defined
by FRS102.
Assets and liabilities are initially recognised
at historical cost ortransaction
value, unless otherwise		 stated below.
The trustees
consider that there are no material
uncertainties
about the charity's
ability to continue		 as a going concern.
The charity has taken advantage
ofthe provisions
in the SORP for charities
applying
FRS102Update
Bulletin
1 not to prepare a Statement
of Cash Flows.
The financial statements
are prepared
in sterling, which isthe functional
currency ofthe charity.		 Monetary
amounts
in these financial statements
are rounded
to the nearest E.
b Funds
Restricted funds are funds which must be used
in accordance
with specific restrictions
imposed
by		 the donor or the
terms ofa specific appeal.
Expenditure
which meets this criteria is drawn
from the fund.
Unrestricted
funds are those funds which can be used for any purpose
in furtherance
ofthe charitable
objects.
Unrestricted
funds include designated
funds where the trustees
have, attheir discretion,
temporarily		 set aside
resources for a specific purpose.
c Income
Income ls included
in the accounts once the charity has entitlement,
the amount can be measured		 with
sufficient
reliability
and there is the probabiliiy
ofreceipt.
Earned income is included
in the period In which the service is provided,
ifany performance
conditions attached		 have
been met orare fully within the control ofthe charity.
Donations are included when given, together with an estimate ofthe related gft aid due thereon.
Donated services are included
in the accounts when received, at the value ofthe gift to the charity		 provided
the value
ofthe gift can be measure
reliably, where the donated service would otherwise
have had to be purchased		 by the
charity. The equivalent
amount
is recognised as an expense
under the appropriate
category.
Legacies are included
when the date ofprobate
is ascertained
and the amount
receivable can be reliably		 estimated.
Income which is subject to conditions
that the charity has yet to fulfil, crwhich is specifically for use		 in a future
accounting
period,
is treated as deferred income.
d Expenditure
Expenditure
is included
on an accruals basis when incurred,
that is when
a legal or constructive
obligation		 arises, and
includes
related irrecoverable
VAT. Future liabilities are included at the best estimate ofthe amount		 required to settle
them.
e Pensions
The charity makes corrb'ibutions
to an employer
defined
contribution
scheme for eligible employees,		 which are included
in the accounts when they become payable, and agocated to the related staff activity costs.
f Financial
instruments
The charity has elected to apply the provisions
ofSection 11'Basic Financial
Instruments'
and Section 12		 'Other
Financial
Instruments'
ofFRS102to all of its financial
instruments.
Financial
instruments
are recognised
in the charity's
balance sheet when the charity becomes party to the		 contractural
provisions
ofthe instrument.
g Retirement
benefits
Payments
to defined
contribution
retirement
benefit schemes are charged as an expense as they fall due.

Unrestricted Restricted Total Total
Funds Funds 2021 2020
INCOME
2. Donations
and Grants
Grants (see below) 37,000 144,195 181,195 222,960
Donated services 189
General donations
including		 Gift Aid 70,462 70462 83,836
107,462 144,195 251,657 306,985
Grants:
Tudor Trust 2,000 25,000 27,000 50,000
HT &LBCharitable
Trust		 2,000
Enterprise
Development		 Programme 21,000
Alex Ferry Foundation 17,000 17,000
Barrow Cadbury Trust 17,500 17,500 17,500
John Ellerman
Foundation		 35,000 35,000
Joseph Rowntree
Charitable		 Trust 58,195 58,195 59,182
Friends Provident
Foundation		 46,028
Trust for London 26,500 26,500 25,000
Fight Inequality
Alliance		 2,250
37,000 144,195 181,195 222,960
EXPENDITURE
3. Charitable
Activities
Project costs 6,636 7,932 14,568 33,049
Media and communications 11,664 11,664 8,721
Staff employment
(see note		 4) 123,662 140,245 263,907 214,083
Staff travel and training 4,433 1,284 5,717 2,993
Rent and service charges 13,209 8,487 21,696 20,723
Finance and professional fees 13,542 13,542 14,571
Office costs 6,327 1,587 7,914 5,563
Othersupport
costs		 2,954 2,954 3,318
Governance 1,481 1,481 1,616
Independent
examination		 1,123 1,123 1,000
185,031 159,535 344,566 305,637

2021 2020
4. Staff Costs f 6
Salaries 210,017 183,200
Social secudity costs 16,876 15,085
Pension contributions 14,782 12,923
Other stair costs 22,232 7
263,907 214,083
The charity had an average of7.00 employees during the year, (2020 - 540).
No employee received remuneration in excess of580,000p.a.
Remuneration ofkey management personnel:
Chief Executive 059,218

In 2020: 4truste es r eceived expens es
in respect of		 board meetings
and events		 amounting to a total of03 85.
6. Investments
UK bank and building society deposit accounts
69,906 69,736
7. Debtors
Trade debtors 2,575 8,999
Prepayments 9,057 9,378
Other debtors
&. Creditors
Trade creditors 3,265 5,889
Other creditors 10
Taxation and social security 5,179 3,082
Accruals 7,494 5,739
Deferred income
15,93& 58,220
Deferred income in 2020 comprised grants received in 2020 and fully expended in 2021.
Deferred income is included
in the financial		 statements as follows:
Creditors 43,500
Movements
in the year
Deferred income at 1 January 2021 43,500
Resources deferred in the year
Released to Statement ofFinancial Activities
Deferred income at 31 December 2021 43,&00