Charity registration number 1168738 EQUALITIES WORK Report and Financl81 Statements for the year ended 31 August 2024 {For Charttable Incorporaled Organi$atlon}
EQUALITIES WORK Charity Information Trustees Jonathan Rees Davies Cassie Anne Edmiston Tom Simon Swaine-Jameson James Pattison - AppoinledJanuary 2024 Jammie Hickling - AppoinledJanuary 2024 Charity number 1168738 Registeied office The Foundry 17 Oval Way Londoll SEI I5RR Accountant Lorralex A8sociatcs I l Kiinb¢rley Court Kimbcrlcy Road London NW6 7SL
EQUALITIES WORK Report and Financial Statements for the year ended 31 August 2024 Contents Page Tn]stees' report Accountants, report Statement of financial activities Balance sheet Notes to the statement of financial actLVlties
EQUALITIES WORK Trustees, Report The Directors present their report and accounts for the year ended 31 August 2024 Organisation Equalities Work is registered as charitable incorporated organisation (CIO) number 1168738. The object of the CIO is the promotion of equality and diversily 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 Vauxhdll, south London. This has brought tO&FCther some of London's inost 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 fonvard innovative projects including Rights, Camera, Action! This visual arts project engages young people in Lambeth 1( boiit human rights isbucs and providcs roiitcs iiito the creative scctor. Our 'ln The Mix, project includes workshops designed to promote access and participation to the visual arts for disabled peoplc livin&7 in south London. It combines arts workshops, Inentoring and seminars designed to break down the barriers to inclusion for disabled artists. Equalities Work funded the Radical Film School which is designed to encourage social justice filmmaking. The school provided free training in film direction for 16 residents who were all Londoners from under-represented backgrounds in the film industry including those on low incomes and people of colour. We also continued to provide essential capacity building for local voluntary groups with support around fundraising and business planning. In recent years Equalilies Work has worked closely with Block336 - a creative space in Brixton located in the largest disability hub in London. Over the 12 months we have supported the charity through a major transition which has involved the recruitment of a new Board of Trustees and funding bids. Our exhibitions programme over the year included a collaboration with Transforn] Trade and another with local artist ALyata Nowak called 'Rough Sleeping- A Lifestyle Choice, An exhibition of works produced by local young people called 'Selfhood' was created through a partnership with Ncon Pcrfonning Arts. All our cxhibitions include workshops and events cngaging schools and thc general public to discuss thc issucs raised. Our work is sUPPOrted by a core grant from the Social Justice and Human Rights Centre and grants from trusts including the City Bridge Foundation. ualitieswork.or Signed on behalf of the Board of Trustees on 18 November 2024. nathan rustee Rees Davies Page I
Accountantsl Report on the unaudfited Financial Statements to the Trustees of QUALITIES WORK As described on the balance sheet you are responsible for the preparation of the statement of financial activities for tbe year ended 31 August 2024 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 infom]ation supplled to us. Lorraine Alexander Lorralex Associates Accountants and Independent Examiners I l Kimberley Court Kimberley Road London NW6 7SL 18 November 2024 Page 2
EQUALITIKS WORK Statement of Financial Activities for the year ended 31 August 2024 Unrestricted Restricted Total Funds Funds 2024 Total 2023 Note Incoming Resources From generating fimds 28,100 28,100 25,906 Total Incomlng Resources 28,100 28,100 25,906 Resources Expended Accountanoy fees Promotions and cvents Consultancy fe¢s Coordinator fees Insurance Project costs 220 3,023 10,483 10,448 347 12,218 220 3,023 10,483 10,448 347 12,218 200 1,410 11,895 3,707 333 5,529 Total Resources Expended 36,739 36,739 23,074 Net Incomlng l Outgolng Resources Surplus l O)eficit) (8,639) (8,639) 2,832 Total Funds Brought Forward 5,500 19,862 25,362 22,530 Total Funds Carried Forivard 5,500 11,223 16,723 25,362 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 forn] part of these financial statements. Page 3
EQUALITIES WOIU( Balance Sheet as at 31 August 2024 2024 2023 Notes Current assets CtLsh at bank and in hand 16,723 25,362 Current liabillties Creditors: Amounts falling due within one year Iyet current assets I liabilities 16,723 25,362 Reserves Funds Restricted fund Unrestricted fund 11,223 5,500 25,362 Total funds 16,723 25,362 The Trustees confirn], 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 appToved by the Board of trustees on 18 November 2024 and signed on its behalf by Jo athAn R stee Davles Page 4
EQUALITIES WORK Notes to the Statement of fillancial activities for the year ended 31 August 2024 Accounting policles 1.1. Basls 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 prep&red in accordance with the Ststement of Recommended Accounting Practice: Accounting and Rq)orting 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 arnounts 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 tbe periods to which they relate. Income reccivcd during the ycar for future periods is treated as defcrrcd income. 1.3. Outgoing Resources These are resources expended in order to deliver services. They are Included in the Statcrncnt of Flnancial Activities (SOFA) on accruals basis, inclusive of any VAT paid. VA'I. cannot be recovered. Expenditure is charged to activities on a direct allocation and / or a suitable apportiODment basis, in a manner consistently applied. 1.4. Fund Accounting Rcstrictcd and unrestricted fidS are separately disclosed, as set out in the SOFA. Th¢ different funds hcld are detincd as follows:_ Re8tricted fimds are subject to the specific purposes for which the funds were raised; De8ignated and unrestricted funds are available to spend at the discr¢tion of the Trustees in furtherance of the charitable objectives of the charity. Taxation No taxation has been provided for in the fmancial statement8 because, as a Tegistered charity, thc income is exempt in accordance with section 505 of the Income and Corporation Taxes Act l988. Going Concern The accounts &re 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 all alternative funding arrang¢ment and that grant funds will, in their view, be sourced to carry out the ncw activities. The Trustees will not und¢rtake commitments until new funding has been secured. Page 5
EQUALITIES WORK Notes to the Statement of fInancial activities for the year ended 31 August 2024 Incoming Resources All Incoming resources are accounted for in the accounts in the year in which they are receivablc. 2024 Total 2023 Total City of London - City BTidge Foundation The Social Justice and Hurnan Rights Centre 13,100 15,000 10,906 15,000 28,100 25,906 Page 6