Charity registration number 1168738
EQUALITIES WORK
Report and Financial Statements
for the year ended 31 August 2021
{For Charitable Incorporated Organisation}
EQUALITIES WORK Report and Financial Statements for the year ended 31 August 2021
Charity information
| Trustees | Douglas Gunn |
|---|---|
| Jonathan Rees Davies | |
| Cassie Anne Edmiston | |
| Dwain Lucktung | |
| Katy Oglethorpe | |
| Charity number | 1168738 |
| Registered office | The Foundry |
| 17 Oval Way | |
| London | |
| SE11 5RR | |
| Accountant | Lorralex Associates |
| 11 Kimberley Court | |
| Kimberley Road | |
| London | |
| NW6 7SL |
EQUALITIES WORK Report and Financial Statements for the year ended 31 August 2021
Contents
| Page | |
|---|---|
| Trustees’ report | 1 |
| Accountants’ report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the statement of financial activities | 5 |
EQUALITIES WORK Report and Accounts for the year ended 31 August 2021
Trustees’ Report
The Directors present their report and accounts for the year ended 31 August 2021.
Organisation
Equalities Work is registered as charitable incorporated organisation (CIO) number 1168738. The object of the CIO is the promotion of equality and diversity for the public benefit by:
-
(A) Advancing education and raising awareness of equality and diversity
-
(B) Promoting activities to foster understanding between people from diverse backgrounds
Principal Activities
Equalities Work has been established to make the most of the opportunities presented by the creation of the Foundry in Vauxhall, south London. This has brought together some of London’s most progressive human rights and social justice organisations under one roof. A key objective is to engage the public with education and arts focused projects as well as talks, film nights and a range of other events. We do this by working closely with campaigning, advocacy, education, advice and arts organisations.
Over the year, Equalities Work took forward innovative projects including Rights, Camera, Action! This was funded by Awards for All and involved a collaboration with Creative Sparkworks to use the visual arts including photography and film to engage children and young people in Lambeth about human rights issues. In total we worked with seven schools and over 100 young people. Another project that commenced in the year was In The Mix which has been designed to promote access and participation to the visual arts for disabled people living in Lambeth and surrounding boroughs
Our exhibitions programme at the Foundry was curtailed by repeated Covid lockdowns. However, Equalities Work worked with PhotoVoice on an exhibition called ‘Pitch’ which also involved a collaboration with Frontline Aids.
Thanks to a core grant from the Human Rights and Social Justice Centre we provided support to a range of local voluntary sector organisations to adapt their funding and business plans in the light of the pandemic. This included working closely with London Borough of Lambeth on the launch and development of the Lambeth Youth Opportunity Fund which has been set up to benefit a wide range of youthwork initiatives.
www.equalitieswork.org
Signed on behalf of the Board of Trustees on 5 April 2022.
Jonathan Rees Davies
Page 1
Accountants' Report on the unaudited Financial Statements to the trustees of EQUALITIES WORK
As described on the balance sheet you are responsible for the preparation of the statement of financial activities for the year ended 31 August 2021 set out on pages 3 to 5 and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.
Lorraine Alexander Lorralex Associates Accountants and Independent Examiners 11 Kimberley Court Kimberley Road London NW6 7SL
5 April 2022
Page 2
EQUALITIES WORK
Statement of Financial Activities for the year ended 31 August 2021
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Note | Funds | Funds | 2021 | 2020 |
| £ | £ | £ | £ | |
| Incoming Resources | ||||
| From generating funds | 5,000 | 10,000 | 15,000 | 25,000 |
| Total Incoming Resources | 5,000 | 10,000 | 15,000 | 25,000 |
| Resources Expended | ||||
| Accountancy fees | 180 | 180 | 160 | |
| Advertising and PR | 139 | 139 | 2,621 | |
| Consultancy fees | 6,075 | 6,075 | 16,905 | |
| Insurance | 289 | 289 | 289 | |
| Project costs | 9,294 | 9,294 | - | |
| Sundry expenses | - | - | 38 | |
| Total Resources Expended | - | 15,977 | 15,977 | 20,013 |
| Net Incoming / Outgoing Resources | ||||
| Surplus / (Deficit) | 5,000 | (5,977) | (977) | 4,987 |
| Total Funds Brought Forward | 20,236 | 20,236 | 15,249 | |
| Total Funds Carried Forward | 5,000 | 14,259 | 19,259 | 20,236 |
All transactions are derived from continuing activities
All recognised gains and losses are included in the Statement of Financial Activities (SOFA). The notes on page 5 form part of these financial statements.
Page 3
EQUALITIES WORK
Balance Sheet as at 31 August 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | £ | £ | £ | £ |
| Current assets | ||||
| Cash at bank and in hand | 22,740 | 21,666 | ||
| Current liabilities | ||||
| Creditors: | ||||
| Amounts falling due within one year | (3,481) | (1,430) | ||
| Net current assets / liabilities | 19,259 | 20,236 | ||
| ===== | ===== | |||
| Reserves Funds | ||||
| Restricted fund | 19,259 | 20,236 | ||
| Total funds | 19,259 | 20,236 | ||
| ===== | ====== |
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
The financial statements were approved by the Board of trustees on 5 April 2022 and signed on its behalf by
Page 4
EQUALITIES WORK
Notes to the Statement of financial activities For the year ended 31 August 2021
1. Accounting policies
1.1. Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
1.2. Incoming Resources
Incoming resources represent amounts receivable during the year. Grants and donations for specific purposes are treated as income in the year in which received. Amounts received during the year relating to specific periods are spread over the periods to which they relate. Income received during the year for future periods is treated as deferred income.
1.3. Outgoing Resources
These are resources expended in order to deliver services. They are included in the Statement of Financial Activities (SOFA) on accruals basis, inclusive of any VAT paid. VAT cannot be recovered. Expenditure is charged to activities on a direct allocation and / or a suitable apportionment basis, in a manner consistently applied.
1.4. Fund Accounting
Restricted and unrestricted funds are separately disclosed, as set out in the SOFA. The different funds held are defined as follows:-
*Restricted funds are subject to the specific purposes for which the funds were raised;
*Designated and unrestricted funds are available to spend at the discretion of the Trustees in furtherance of the charitable objectives of the charity.
2. Taxation
No taxation has been provided for in the financial statements because, as a registered charity, the income is exempt in accordance with section 505 of the Income and Corporation Taxes Act 1988.
3. Going Concern
The accounts are prepared on a ‘going concern’ basis. The Trustees still consider that ‘going concern’ is the correct basis to prepare the accounts on the grounds that they have concluded an alternative funding arrangement and that grant funds will, in their view, be sourced to carry out the new activities. The Trustees will not undertake commitments until new funding has been secured.
Page 5
EQUALITIES WORK
Notes to the Statement of financial activities For the year ended 31 August 2021
Incoming Resources
All Incoming resources are accounted for in the accounts in the year in which they are receivable.
| Big Lottery Awards for All The Social Justice and Human Rights Centre |
2021 Total £ - 15,000 15,000 ======== |
2020 Total £ 10,000 15,000 |
|---|---|---|
| 25,000 ======= |
Page 6