2022-12-31-accounts - The Equality Trust

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Reference and Administrative Information	Reference and Administrative Information	Reference and Administrative Information	Reference and Administrative Information
Trustees
Independent Examiner
Bankers											4
Funders and Supporters											5
Message from the Chair ofTrustees,	Dr		Fran Darlington-Pollock								6
Our vision, purpose and values											9
Our Charitable Objects											10
Strategic impact in 2022											12
Increase public, corporate and political				support for,		and agency to			take action	on,
dismantling economic and socia I	structura				I inequa lities.
Use the evidence-base to advocate		for		policies that		will	dismantle		economic and social
structural inequalities as a thought		leader,			focusing	on	solutions.				13
Strengthen and support organisations				and individuals			to embed the narratives			and practice
needed to dismantle economic and		social			structural	inequalities.					13
Be a trusted and credible authority		on		inequalities,		valuing		learned	and lived experience,
and putting co-production at the	heart			of	our work.						14
Being a values-led, agile, sustainable			and collaborative				organisation		that seeks	to share	its
power.											15
Structure, Governance and Management											19
Governing Document											19
The Board											19
Trustee Expenses											'19
Recruitment and appointment ofTrustees											19
The Charity Governance Code											20
Principal Funding Sources											22
Impact of COVID-19											22
Reserves Policy											23
Transactions and Financial Position											24
Related parties transactions											24
Availability and adequacy ofassets ofeach				ofthe funds							24
The investment policy and objectives											24
Statement ofDirectors' and Trustees'	Responsibilities										25
Small company special provisions											25

Tudor Trust			John Ellerman Foundation
Barrow Cadbury	Trust		Joseph Rowntree Charitable	Trust
Trust for London			Friends Provident Foundation
Access - the Foundation		for Social	Alex Ferry Foundation
Investment
			Slack Communications
Google for work			iNet Telecoms Ltd
Canva for Nonprofits			LeaveWizard Ltd

	Note	Unrestricted Funds	Restricted Funds	Total 2022	Unrestricted Funds	Restricted Funds	Total 2021
Income
Donations and grants Charitable Activities Investments: Bank interest		258,641 22,158 768	102,990	361,63'I 22,156 768	107,462 66,721 170	144,195 3,070	251,657 71,791 170
Total Income		281,567	102,990	384,557	176,353	147,265	323,618
Expenditure
Raising funds Charitable Activities	4a 4b	7,236 173,563	156,917	7,236 332,460	2,523 185,031	159,535	2,523 344,566
Total Expenditure		180,799	156,917	339,716	187,554	159,535	347,089
Net income/(expenditure)		100,768	(55,927)	44,84 I	(11„201)	(12,270)	(23,471)
Transfers between funds	10
Net movement in funds		100,768	(55,927)	44,841	(11,201)	(12,270)	(23,471)
Total funds brought forward		81,742	88,077	169,819	92,943	100,347	193,290
Total funds carried forward		182,510	32,150	214,660	81,742	88,077	169,819

e	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.
	Expenditure is classified under	the following activity headings:
	~ Costs of raising funds relate	to	the costs incurred by the charitable company in inducing third parties to make
	voluntary contributions to it,	as	weil as the cost ofany activities with a fundraising purpose
	~ Charitable activities includes	the costs ofdelivering services and other activities undertaken		to further the		purposes
	ofthe charity and their associated support costs
f	Pensions
	The charity makes contributions		to an employer defined contribution scheme for eligible employees,		which	are	included	in
	the accounts when they become		payable, and allocated to the related staff activity costs.
g	Stocks
	Stocks are stated at the lower	of	cost and net realisable value. In general, cost is determined	on a	first in first
	out basis and includes transport		and handling costs. Net realisable value is the price at which stocks can be sold
	in the normal course ofbusiness		after allowing for the costs of realisation. Provision is made	where	necessary
	for obsolete, slow moving and	defective stocks. Donated items ofstock, held for distribution		or resale, are
	recognised atfair value which	is	the amount the charity would have been willing to pay for the items		on the	open market.
h	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.

NOTES TO THE FIN	ANCIA	L	STATEME	NTS FOR THE Y	EAR ENDED	31 DECEMBE	R 2022
				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
INCOME
2. Donations and Grants
					F	E
Grants {seebelow)				151,670	102,515	254,185	181,195
Donated services					475	475
General donations	including		Gift Aid	106,971		106,971	70,462
				258,641	102,990	361,631	251,657
Grants:
Tudor Trust				100,000		100,000	27,000
Alex Ferry Foundation					7,867	7,867	17,000
Barrow Cadbury Trust					27,100	27,100	17,500
John Ellerman Foundation				35,000		35,000	35,000
Joseph Rowntree	Charitable		Trust	16,670	14,548	31,218	58,195
Trust for London					53,000	53,000	26,500
				151,670	102,515	254,185	181,195
3. Charitable Activities
Consultancy and training		services		19,913		19,913	68,136
Hook sales and royalties				1,740		1,740	1,006
Other				505		505	2,649
				22,158		22,156	71,791
EXPENDITURE
4a. Raising Funds
Fundraising agents				5,900		5,900	1,800
Advertising				416		416
Subscriptions				15		15
Books for sale							104
Transaction fees				905		905	619
				7,236		7,236	2,523
4b. Charitable Activities
Project costs				1,370	19,467	20,837	14,568
Media and communications				8,929		8,929	11,664
Staff employment	{seenote		5)	122,622	128,167	250,789	263,907
Staff travel and training				3,452	5	3,457	5,717
Rent and service charges				13,572	9,820	23,392	21,696
Finance and professional		fees		13,277		13,277	13,542
Office costs				4,354	1,458	5,812	7,914

Other support	costs	4,026		4,026	2,954
Governance		535		535	1,481
independent	examination	1,426		1,426	I,123
		173,563	158,917	332,480	344,566

N	OTES TO THE FINANCIAL STATEMENTS FOR	THE YEAR ENDED 31 DECEMBER 202	2
		2022	2021
5.	Staff Costs
	Salaries	215,687	210,017
	Social security costs	16,489	16,876
	Pension contiibutions	13,958	14,782
	Other staff costs	4,655	22 232
		250,789	263,907

7.	Investments
	UK bank and building	society deposit accounts	70,576	69,906
			70,576	69,906
8.	Debtors
	Trade debtors		10,493	2,575
	Prepayments		230	9,057
	Gift Aid claims due		19,080
	Other debtors		128	1,741
			29,931	13373
9.	Creditors
	Trade creditors		586	3,265
	Taxation and social	security	5,617	5,179
	Accruals		7,559	7,494
			13,762	15,938

				Funds at 1				Funds at 31
11.	Designated	funds		January	Income	Expenditure	Transfers	December
				E	E		E	E
	Website	development		15,000			5,000	20,000
	Total designated		funds	'15,000			5,000	20,000