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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|
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|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||
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||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|
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|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.||||||||
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|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|
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|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|
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|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|
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|||||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|
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