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← Eachother

2023-12-31-accounts

EACHOTHER

TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2023

CHARITY REGISTRATION NO: 1167370

EachOther

CONTENTS

Page
Reference and Administrative Information 1
Trustees’ Report 2
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11

EachOther

REFERENCE AND ADMINISTRATIVE INFORMATION

Registered Charity Number

1167370

Principal Office

Deptford Town Hall, Goldsmiths New Cross Rd, London SE14 6NW

Trustees

Adam Wagner (Chair) Haseeb Akram (Treasurer) Eilidh Turnbull Lena Bheeroo Clare Robertson Dimitrios Giannoulopoulos

Independent Examiner

Simon Goodridge FCA Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD

Bank

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

1

EachOther Trustees’ Report for the year ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Charitable objects

EachOther’s charitable objects are, for the benefit of the public:

Progress towards realising those objects

Throughout 2023, EachOther used original storytelling to educate, inform and highlight human rights issues across the UK. During this year EachOther built relationships with several organisations, grass roots movements as well as launched a new human rights storytelling programme for students at Goldsmiths University, London.

Throughout 2023, EachOther has continued to commission marginalised and underrepresented writers under the ‘Inspired Source’ series - publishing on average one story a month.

ACHIEVEMENTS AND PERFORMANCE

Summary of main achievements

Amidst a turbulent time for the world generally and human rights in particular, EachOther has been dedicated to covering the human rights issues that affected people in the UK in 2023. During this time, EachOther reported on threats to withdraw from the ECHR, the controversial Rwanda policy among other human rights issues facing communities across the UK.

In September, EachOther launched a human rights storytelling programme for students at Goldsmiths University, London. This new agreement for 2023-2024 has led to Goldsmiths students contributing to our work – which uses storytelling, filmmaking, and independent journalism to put the human into human rights.

As a result of the partnership, students have gained valuable experience, on the ground training as well as the opportunity to work with us on high-profile, national campaigns leading into 2024.

2

EachOther Trustees’ Report for the year ended 31 December 2023

The current funding climate for small human rights charities, amid a worsening cost of living crisis, remains extremely challenging. Teaming up with a strategic partner, in Goldsmiths, with its wealth of experience and expertise, offers EachOther the stability it needs to keep making a difference in the period ahead.

FINANCIAL REVIEW

In October 2022, the board discussed two cash flow scenarios that were circulated (one more optimistic and one more pessimistic in terms of fundraising), as at 31st August 2022, running to end-December 2023. Both Plan A and Plan B involved giving all staff employed by the charity a payrise to match rampant inflation from 1 January 2023, namely a rise of 10% for all UK-based staff and 8% for staff based in Morocco (where CPIH is currently slightly lower). Trustees supported this approach, valuing existing staff and enabling them to get through the well-documented cost-ofliving crisis.

In January 2023, Option C was adopted and a consultation period for redundancy began. Other aspects for EachOther to consider were the office in London, our HR service provider and a series of software subscriptions.

The consultation period was carried out in accordance with advice and support from BrightHR. Once the consultation period had ended, staff were given notice of redundancy, in line with the notice specified in their contracts of employment. Staff departed in February 2023, bar Chief Executive Andy Hull, Editor Emma Guy, and a freelance bookkeeper. Chief Executive Andy Hull departed in June 2023 and Editor Emma Guy stayed on and remains the primary contact for the charity to date.

Questions of Legacy were explored, as to whether some or all of EachOther’s work could be embedded in a university or merged with another charity, as one example. Since starting the storytellers programme, the charity has now taken a free office space at Goldsmiths University, where it is officially based.

Reserves policy and position

EachOther has a reserves policy of retaining three months of minimum running costs, plus full shutdown costs. Following the downsizing of the charity in 2023 EachOther satisfies this policy.

Going concern

Moving into 2025, the charity will need to diversify income in order to represent a going concern. Fundraising initiatives and successful grant applications in 2024, are a positive indication of the continuation of the charity's efforts into 2025.

Despite efforts, negotiation for multi-year funding for the storytellers programme with Goldsmiths University was unsuccessful due to cuts in funding at the university - reflecting challenges in the education sector more widely.

3

EachOther Trustees’ Report for the year ended 31 December 2023

In 2024, EachOther launched a high-profile, national human rights campaign in partnership with LUSH, a major ethical, high-street retailer. Alongside the campaign, EachOther also launched a crowdfunding campaign, which provided the charity with essential funds to plug the gap in funding.

Throughout 2023 and 2024 the charity has significantly reduced its base costs, large overheads, and monthly operational costs. EachOther staff are currently working with trustees to explore diversifying revenue streams and exploring opportunities to generate more earned income, at a time when charitable funding has been challenging.

Due to a harshening landscape in charitable funding, it is of the Trustees' opinion that the ability to successfully fulfil obligations into 2026 will depend on successful funding and grant applications, which we are yet to receive the outcome of. As of January 2025, EachOther has several active funding applications for core funding, to support our editorial team. Like many charities in the sector, we hope to secure funding through these active streams in order to continue EachOthers’ vital work beyond 2025.

As of January 2025, EachOther has sufficient funds and secured income to continue at a reduced level of activity to September 2025. The Trustees are closely monitoring the financial position of the EachOther whilst awaiting the outcome of the current grant applications.

The current grant applications are to either previous funders of the charity or organisations where there is another existing relationship, but the outcome is uncertain.

The Trustees have concluded that the charity is a going concern but there is material uncertainty over its future funding as set out above.

Financial effect of significant events

In June 2023, EachOther entered into a partnership with Goldsmiths University, London. As outlined in the statement of intent, EachOther has and will remain an independent charity while being hosted by the institution.

As a result of this new ground-breaking partnership and EachOther’s re-shaping, the charity has been able to significantly reduce its cost base. EachOther was able to exit contracts with large overheads, including its office at Resource for London, and move into a free office space at Goldsmiths university.

Fundraising and Funding

EachOther had three main streams of funding in 2023, receiving income during the year broken down as follows:

4

EachOther Trustees’ Report for the year ended 31 December 2023

Main funding sources:

EachOther’s main individual funding sources (of £3,500 and over) in 2023 were:

Barrow Cadbury Trust: £37,000 JRCT: £25,000 Goldsmiths University: £10,000

GOVERNANCE, STRUCTURE AND MANAGEMENT

Governing document

EachOther’s governing document is its constitution which – originally under the name RightsInfo – was drafted, signed and registered with the Charity Commission in 2016 and subsequently amended in 2019 when the organisation’s name was changed to EachOther.

Charity constitution

EachOther is a Charitable Incorporated Organisation (CIO). Its charity number is: 1167370.

Retention, resignation and recruitment of trustees

Six existing trustees remained on EachOther’s board throughout 2023:

Organisational structure

Heading into 2024, EachOther’s core organisational structure is most simply depicted as follows:

5

EachOther Trustees’ Report for the year ended 31 December 2023

Decision making

Responsibility for decision making in matters related to governance rests with the board of trustees, led by the Chair. Responsibility for decision making in operational matters rests with the Editor in consultation with the board of Trustees. These consultations will take place primarily via quarterly board meetings, and the Editor will be line managed by the Chair.

Key management personnel

The key management of the charity in the first six months of the year were the Trustees and the Chief Executive, Editor and Creative Director. Since July 2023 the key management have been the Trustees and self employed freelancers as required.

Use of volunteers

In 2023, EachOther did engage with a pool of volunteers who took part in the storytellers programme in partnership with Goldsmiths University. The volunteers, who took part, were students from Goldsmiths University. The volunteers had the opportunity to take part in writing and research articles for publication, as well as gain experience of working behind the scenes of a human rights charity.

Risk management

EachOther maintains a Risk Register, identifying relevant risks and associated mitigation measures, which is kept up to date by the Editor and presented for discussion by the board of trustees at their quarterly meetings.

FUTURE PLANS

EachOther hopes to continue to build upon the storytellers programme's success into 2024-2025 as well as continue the good work of the Inspired Source series into 2024-2025, for which it has received a grant of £5,000 from MSN for support.

EachOther will continue to stand up in creative and compelling ways, and will keep this at the heart of their work when considering diversifying income and campaigning into 2025 and beyond.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those accounts, the trustees are required to:

6

EachOther

Trustees’ Report for the year ended 31 December 2023

The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

20/01/25

The accounts were approved by the board on and were signed on its behalf by:

Adam Wagner Adam Wagner (Jan 20, 2025 13:20 GMT)

Adam Wagner - Chair of Trustees

L Bheeroo L Bheeroo (Jan 20, 2025 14:10 GMT)

Lena Bheeroo - Trustee

7

Independent Examiner’s Report to the trustees of EachOther

I report to the trustees on my examination of the accounts of EachOther for the year ended 31[st] December 2023.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).

I report in respect of my examination of the Trust’s accounts as required under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s statement

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

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, other than as disclosed below:

As set out on page 11 of the accounts, the charity does not currently have sufficient funding to continue beyond September 2025. The Trustees have concluded that it remains appropriate to prepare the accounts on a going concern basis, but there is material uncertainty over the outcome of current grant applications, and if insufficient funding is generated the charity will no longer be a going concern.

Simon Goodridge FCA Knox Cropper LLP Chartered Accountants 65 Leadenhall Street London EC3A 2AD

20/01/25 Date:

8

EachOther

Statement Of Financial Activities For The Year Ended 31[st] December 2023

Notes
INCOME AND ENDOWMENTS FROM
Grants and Donations
2
Other trading activities
Bank interest
Other income
TOTAL INCOMING RESOURCES
EXPENDITURE ON
Charitable Activities
4
TOTAL RESOURCES EXPENDED
3
NET INCOME/(EXPENDITURE)
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
Reconciliation of Funds:
Total Funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
84,228
-
47
849
85,124
142,740
142,740
(57,616)
3,271
(54,345)
72,729
£18,384		 Restricted
Funds
£
-
-
-
-
-
-
-
-
(3,271)
(3,271)
3,271
£-		 2023
Total
£
84,228
-
47
849
85,124
142,740
142,740
(57,616)
-
(57,616)
76,000
£18,384		 Unrestricted
Funds
£
276,680
9,474
-
-
286,154
325,308
325,308
(39,154)
-
(39,154)
111,883
£72,729		 Restricted
Funds
£
5,000
-
-
-
5,000
1,729
1,729
3,271
-
3,271
-
£3,271		 2022
Total
£
281,680
9,474
-
-
291,154
327,037
327,037
(35,883)
-
(35,883)
111,883
£76,000

The notes form part of these accounts.

9

EachOther Balance Sheet As At 31[st] December 2023

Notes
FIXED ASSETS
Tangible Fixed Assets
9
CURRENT ASSETS
Debtors
10
Cash at Bank and on Deposit
LIABILITIES
Amounts falling due within one year
11
NET CURRENT ASSETS
NET ASSETS
13
FUNDS
Restricted Reserve
Unrestricted Funds
General
TOTAL FUNDS
12		 2023
£
5,527
3,762
21,069
24,831
(11,974)
12,857
£18,384
-
18,384
£18,384		 2022
£
8,036
2,582
70,561
73,143
(5,179)
67,964
£76,000
3,271
72,729
£76,000

The notes form part of these accounts

The accounts were approved by the Board of Trustees on and signed on its behalf by: 20/01/25

Adam Wagner Adam Wagner (Jan 20, 2025 13:20 GMT)

Adam Wagner - Chair of Trustees

L Bheeroo

L Bheeroo (Jan 20, 2025 14:10 GMT)

Lena Bheeroo - Trustee

10

EachOther Notes To The Accounts For The Year Ended 31[st ] December 2023

1. PRINCIPAL ACCOUNTING POLICIES

(a) Basis of Preparation

The accounts of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) second edition '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), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The accounts have been prepared under the historical cost convention.

Due to a harshening landscape in charitable funding, it is of the Trustees' opinion that the ability to successfully fulfil obligations into 2026 will depend on successful funding and grant applications, which we are yet to receive the outcome of. As of January 2025, EachOther has several active funding applications for core funding, to support our editorial team. Like many charities in the sector, we hope to secure funding through these active streams in order to continue EachOthers’ vital work beyond 2025.

As of January 2025, EachOther has sufficient funds and secured income to continue at a reduced level of activity to September 2025. The Trustees are closely monitoring the financial position of the EachOther whilst awaiting the outcome of the current grant applications.

The current grant applications are to either previous funders of the charity or organisations where there is another existing relationship, but the outcome is uncertain.

The Trustees have concluded that the charity is a going concern but there is material uncertainty over its future funding as set out above.

(c)

Fund Accounting

(d) Income All income is included in the statement of financial activities when the charity is entitled to the Income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

11

EachOther Notes To The Accounts For The Year Ended 31[st ] December 2023

1. PRINCIPAL ACCOUNTING POLICIES (continued)

(e) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred.

Expenditure on charitable activities comprises expenditure related to the direct furtherance of the Charity’s objectives as well as overheads and governance costs.

Governance costs are those incurred in connection with the management of the charity’s assets, organisational administration and compliance with constitutional and statutory requirements.

(f)

Tangible Fixed Assets and Depreciation

Tangible fixed assets costing over £500 (including any incidental expenses of acquisition) are capitalised. Depreciation is provided at rates calculated to write off the cost on a straight-line basis over their expected useful economic life. The rate of depreciation applied to Office Equipment is 20%.

(g)

Foreign Currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the SOFA.

12

EachOther

Notes To The Accounts For The Year Ended 31[st ] December 2023

2. GRANTS AND DONATIONS

GRANTS AND DONATIONS
Trusts and Foundations
Corporate donations
Individuals
Total		 Unrestricted
Funds
Restricted
Funds
Total
2023
£
£
£
83,550
-
83,550
-
-
-
678
-
678
£84,228
£-
£84,228		 Unrestricted
Funds
Restricted
Funds
Total
2022
£
£
£
275,500
5,000
280,500
-
-
-
1,180
-
1,180
£276,680
£5,000
£281,680
3.
EXPENDITURE
Charitable activities(see note 4)
Total		 Unrestricted
Funds
Restricted
Funds
Total
2023
£
£
£
142,740
-
142,740
£142,740
£-
£142,740		 Unrestricted
Funds
Restricted
Funds
Total
2022
£
£
£
325,308
1,729
327,037
£325,308
£1,729
£327,037

13

EachOther Notes To The Accounts For The Year Ended 31[st ] December 2023

4.

CHARITABLE ACTIVITIES

Expenditure on charitable activities comprised:
Organisational/ Content
Office & Premises
IT costs
Finance
Governance
Partnerships & Earned Income
Marketing & Business Development
Impact & Measurement		 2023
£
119,803
16,780
1,331
3,648
999
-
-
-
£142,740		 2022
£
223,023
22,901
24,835
6,122
4,570
44,058
1,232
296
£327,037

The above expenditure has been directly allocated to funds and programmes in accordance with the relevant restrictions.

Expenditure on charitable activities includes Independent Examiner’s Fees of £1,200 (2022: Auditor’s remuneration £4,400).

5.

STAFF COSTS AND NUMBERS

Salaries
Employers NIC
Pension
Redundancy		 2023
£
71,159
8,075
861
10,278
£90,373		 2022
£
213,066
23,508
3,066
-
£239,640

The charity downsized in the first 6 months of the year and all staff either left or were made redundant. Since July 2023 the Trustees have run the charity with the support of self employed freelancers as needed.

The average number of employees during the first six months of the year was 3 (2022: 6). No members of staff had emoluments in excess of £60,000 for the year (2022: none).

6. PENSIONS

The charity operates an auto-enrolment pension scheme for staff with NEST which commenced in January 2018.

Pension costs stated in note 5 and charged in the statement of Financial Activities represent the total contributions payable by the charity in the year.

7. TRUSTEES’ REMUNERATION AND EXPENSES

The Charity did not pay to its trustees any remuneration during the year (2022: £Nil). These accounts include no costs relating to Trustee expenses (2022: £nil).

14

EachOther Notes To The Accounts For The Year Ended 31[st ] December 2023

8. KEY MANAGEMENT PERSONNEL

The key management personnel of the charity are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any trustee of the entity. The total employee benefits, including employer pension contributions of the key management personnel amounted to £83,536 (2022: £122,825).

9.
FIXED ASSETS
Cost
As at 1stJanuary 2023
At 31stDecember 2023
Depreciation
As at 1stJanuary 2023
Charge during the Year
At 31stDecember 2023
Net Book Value as at31stDecember 2023
Net Book Value as at31stDecember 2022
10.
DEBTORS
Prepayments and Accrued Income
Other debtors
11.
CREDITORS
Accruals		 Office
Equipment
£
12,345
12,345
4,309
2,509
6,818
£5,527
£8,036
2023
£
3,762
-
£3,762
2023
£
11,974
£11,974		 Total
£
12,345
12,345
4,309
2,509
6,818
£5,527
£8,036
2022
£
1,343
1,239
£2,582
2022
£
5,179
£5,179

15

EachOther Notes To The Accounts For The Year Ended 31[st ] December 2023

12. MOVEMENTS IN FUNDS

MOVEMENTS IN FUNDS
Restricted Funds
CriSeren
Sub total
Unrestricted Funds
General
TOTAL FUNDS		 1st
January
2023
Income
Expenditure
Transfers
31st
December
2023
3,271
-
-
(3,271)
-
3,271
-
-
(3,271)
-
72,729
85,124
(142,740)
3,271
18,384
72,729
85,124
(142,740)
3,271
18,384
£76,000
£85,124
£(142,740)
£-
£18,384

Descriptions of the restricted funds in 2022 are as follows:

Comparative information in respect of the preceding period is as follows:

Restricted Funds
CriSeren
Sub total
Unrestricted Funds
General
TOTAL FUNDS		 1st
January
2022
Income
Expenditure
Transfers
31st
December
2022
-
5,000
(1,729)
-
3,271
-
5,000
(1,729)
-
3,271
111,883
286,154
(325,308)
-
72,729
111,883
286,154
(325,308)
-
72,729
£111,883
£291,154
£(327,037)
£-
£76,000

Descriptions of the restricted funds in 2022 are as follows:

16

EachOther Notes To The Accounts For The Year Ended 31[st ] December 2023

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Assets
Current Assets
Current Liabilities
Total		 Restricted
Funds
£
-
-
-
£-		 Unrestricted
Funds
£
5,527
24,831
(11,974)
£18,384		 2023
Total
£
5,527
24,831
(11,974)
£13,384

Comparative information in respect of the preceding period is as follows:

Fixed Assets
Current Assets
Current Liabilities
Total		 Restricted
Funds
£
3,271
-
-
£3,271		 Unrestricted
Funds
£
4,765
73,143
(5,179)
£72,729		 2022
Total
£
8,036
68,143
(5,179)
£76,000

14. RELATED PARTY TRANSACTIONS

There were no other related party transactions in the year.

15. FINANCIAL COMMITMENTS

At the year end, the charity had total commitments under non-cancellable operating leases as follows:

Land & buildings
Amounts payable:
Within 1 year		 2023
£
-
£-		 2022
£
7,582
£7,582

17