|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',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
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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 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| ## ## ##