REGISTERED CHARITY NUMBEIL. 1179435 Rert of the Trustee5 and UDaudit¢d Flnanei81 Statements for the Year Ended 31 Mareh 2025 f•r The Diversity Prnjed Cbarity Grant Harrod Lern Davis LLP Chartered Accounthnts Second Floor, Kirkland House 11-15 P¢t¢rborough R¢)ad Harrow Middles¢x HAI 2AX
The Divenity Project Chrity Contents of the FinaDci41 Sttemetsts for the year ended 31 MArth 2025 Page Report of the Tru$tee5 Independent Examiner's Report Statement of FinaRcial Adlviti Balgnee Sheet Notes t• the Financial Statements
The Diversity Prnje¢¢ Charity Report of the Trustees for tb¢ yeir thded 31 Morth 2025 The trustees pr¢s¢n¢ th¢ir report the financial statements of the charity for the year ended 31 Mar¢h 2025. The Iniskes have adopted ilie provisions of A¢¢ounting and Reporting by Charsties= Staiement of Re¢ommended Practice applicable to charities preparing their a¢¢ounts in accordatjce with the Financial Reporting Standard applicable in th¢ UK and Republi¢ (FfIreland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVRTIES Objeetlves gDd aims During 2024125 th¢ Charity continued to focus on supporting charities with mobility, diversity and inclusiNity aims with particular emph&4i5 On The Fin¢la] Services ittdusty. This remains the objective for 2025126. Public beDefit The Trustees ¢onfirni that they hav¢ referred to the guidan¢e ¢ontained in the Charity ConJmission'5 general guidance on public benefit en revieivtng the Trust's aims and objectives aTKI in platxning futlbre activities. Cr#TJtm4king polity The DiVeIlY Proje¢t Charity (TDPCI channels charitabl¢ dtsnations to initith'ves whi¢h wll de improved Div¢r5ity. Equity and In¢lusion O)EIl in th¢ financial services industsy and wider society. Fund5 limited and it is the trustees, responsibility io allocate ndS based on the priorities of TDPC. ACHIEVEMEpffs AND PERFORMANCE Grants Awardtd The year ha5 bcen oDe of ¢onsolidation Cor th¢ chority, with no grants awarded and no fundraising und¢rtaken. We have continued to r¢vi¢w the way we operate and our cost base. We hav¢ though en working with others to award grants in 2024125. and reyiewing our social mdia presence to ¢nsure that we are well equipped to prov¥de support in the future. Fundr¥ising No specific fund-raising pro8ramme was undertaken by the Charity. The Trustee5 are now r¢vieMryng their social media pres¢n¢¢ and considering the w8y forward for 2024125. New trusiees have been appointed during the year who hav¢ particlIr experience in fi]nd raisins utho will support the effort. FINANCIAL REVIEW Investment poliry The Ciwity's investrnent policy at this stage is gen¢rnlly to retain reserve funds a5 cath so That there is th¢ flexibility to 5UPPOrt urgent immediatc needs, and not to make longer temi inveslmerrts. Th¢ aharity had J subsidiary to fa¢ilitate trading activities for its fund raising. There were no tiVitieS through the subsidiary in recent years and on 6th Dec¢tnb¢r 2023 li became a domant company. Having takell adwGe, and whilst notÈng that the subsidiary has no &%sets OT liabilities on its balan¢¢ sheet, the trust¢es have deiertnined not to atncnd the aecounting basis for their valuation in the Company from the existing wst b&sis. This will thougli b¢ reviewed in the coming financial year a5 the 11¢ of th¢ subsidiary 15 decided by its director5. Reserves poli The Trnstees will aitn to hold sufficient reKrves to allow the charity io give support th beneficiarics as and when the nced arises. Th¢y are aware of th¢ r¢quir¢ment to keep tesetves uDd¢r review. srRUCTURE, GOVERNANCE Af4D MANAGEMENT Goyerttittg dKum¢nt The charity 15 Controlled by its 8overning do¢um¢nt. a deed of trust and wnstiiutes an utiinrp0rat¢d charity. Page I
The Diversity Project Ch¥rity Report of the Trn5tee$ for tbe year ended 3] Mgr¢h 2025 STRUCTURE, GOVERNANCE Af4D MAP4ACEMENT Structur4 Governance and Management The Diversity Proje¢t Charity is a Charitable Incorporated Or8ani5ation ('CIO), Tegistered number 1179435, governed by a Foundation document dated 2 August 2018. Th¢ Trusttts are a¢tiv¢ly involved in the CIO. The existing Trus¢e¢s have a poli to look for new trUSt¢¢s, id¢ntifyifig ne¢essary skill sets and exp¢rienc¢s as required. The Truste¢s seek io appoint any new TnL8te¢5 in line their objectives of in¢lusion and diversity with the objective of eombining skills. experi¢n¢e$ and approa¢hes to ¢reate 4n effe¢tiv¢ Trustee Board. Trustee role specifications are created taking accou of 1¢ need to promote diversity and advertised as appropriaie. Wh¢n D¢W tru5ttts joirt, they ar¢ given an infoTThY41 intwdu¢tion ici th¢ir role within the Trust and their legal responsibilitie5. Risk 855tssmeDt The Trns*¢s have a duty to identify and review the risks to which the charity 15 ¢xw>s¢d and to cnsure appropriaie Dtrols are in place to provid¢ reasonable assurance against fraud and error. REFEREIYCE AND AD]¥IINISTRATIVE DLTAJLS Registered Ch4rity number 1179435 Principal 4ddress Peterborough Road IL412AX Truste¢s Chris Grdy Martina Jersakova (resigned 14.7.2025) Deepa Krishn8rna¢hari Lee Marsho11 Giles Parsons (resigned 19.9.2025) Chloe Taylor (resigtted 1.2.2025) Lucy Ring Amanda Joy Pullin8er (appoithted 27.2.2025} Varsha Chilka {appointed 27.2.2025) laura O'shca IndepeDd¢nt Examiner Grant Harrod Lerman Davis LLP Chart¢r¢d Aecoulltants Second Floor, KirklaDd House 11-15 Peterboroush Road Middlesex HAI 2AX Approved by OTder of the board of twstees on ..... - and signed on its b¢half by: Lee Marshall- Tntte Page 2
lttdopendent Examiner's Rtport to the Trn5tee$ Or The Divtrslty Project Chority In41epondent eine¥ report to the trustees of The Diversity Proje¢t Ch*rity I report to the charity trUSt¢es on my examination of the at¢OUDts of Thc Diversity Project Charity (the Trust) fow the year ended 31 March 2025. Respon5ibilitie5 and basis ofreport A5 the tharity trustees of the Trnst you ire responsibl¢ for the preparation of the accounts in aOrdanCe with the requirements of th¢ Chariti¢s Act 2011 ('the A¢V). I r¢port in respect of my examination of the Trnsvs Unts caTrred oul under Section 145 of the Act and in carrying out y examination I have followed all applicable Directions given by the Charity Commission under Section 145{5)(b) of the Act. Independent exgmiDer's statemellt I bav¢ ¢omplel¢d my examinotion. I confirrn th01 Th) material matters hav¢ eomc to my atteniion in connection with the examination giving me Cae to believe thA¢ in any material respect.. accounting records were not kept in respcci of the Trust as qUired by Section 130 of the Act,. or the a¢¢ovnts do not ac¢ord with those r¢¢ord5' or th¢ accounts do not comply the appli¢able requirernents ¢on¢¢ming the fonn and wntent of accounts sei out ) th¢ Ch&riti¢s {A¢¢ouni$ and Report5) Regulations 2008 other than any rquirement that the awunts give & true and fair view which is Dot a tDattei considered as part of an ind¢peDdent examination. J have Concerns and have comc acros5 no tsther matters in conneciion with the examination to whi¢h attention should be drawi in this report in order to enabl¢ a propcT understanding of the accounts to b¢ r¢a¢hed. Jererny Harrod Ic¢ Grant Harrod LrMan Davis LLP Chartered Accountants Second Floor, Kirfoland House 11-15 Pet¢rborough Ro Harrow Middlesex HAI 2AX Page 3
The Diversity Project Ch8Tity Statement of Financial Actiwlties for the year ended 31 Martb 2025 2025 2024 Tota] fund8 Unr¢slri¢t¢d fijnd Restrided nd fimds Note5 INCOME AND ENDOWMEwfs FROM Donation5 and legacies 5,630 5,630 7J26 Inw¢sthi¢nt incorn¢ 75 75 221 Trfvtsl 5.705 5,705 7,547 LXPENDITVRE ON Cbaritxble attivitie$ Charitsble aciivities 13.1)68 13,068 2.159 iYET INCOMEI(EXPENDITURE) (7,3631 17,363) 5.388 RECONCILIATION OF FUNDS Totsl fvnds brought forWd 50,236 50,236 44.848 TOTAL FUNDS CARRIED FORWARD 42.873 42.873 50,236 The notes forni part of these fman¢ial statemet P28e 4
The Diversity Projetl Ch*rity Balante Shett 31 March 2025 2025 Total fimds 2024 Tol fimds Unrestricted liind Re$tri¢kd fund Notes FIXED ASSETS Inv¢stments 8.000 8,00 8.000 CbliREI¥T ASSETS Cash at bank 35,863 35,863 43,676 Amounts fallin8 due within one year (990) (990) (1,440) NET CURRENf ASSETS 34,873 34.873 42,236 TOTAL A&SETS LESS CURRENT LIABILITIES 42,873 42,873 50,236 NET ASSETS 42,873 42,873 50,236 FIINDS Unrestri¢te41 tlmds 42,873 50236 TOTAL FUNDS 42,873 50236 finan al s emeiJVwer¢ approved by th¢ Board of Trustees and authoristd for issue were sAgned on ils behalf by.. txe MaTshall- ste¢ Th¢ noks fom part of these finaD¢ial 5tatetDents Page 5
The Dlvershy Prnjett Charity Notes to tILe Financial Statem¢nL$ for the yexr tnded 31 Mgtth 21125 ACCOUNTING POLICIES Basis of preparing the finADcial 5tatsmellts The finaneial statemertts of th¢ ¢harity, which is a publi¢ benefit entity uJ)der FRS 102. have been pr¢pared in accordance with th¢ Charities SORP (FRS 1021 'A¢¢ouDting and Reporting by Ch8ritie5.' Statement of R¢¢ommended Practice appli¢able 14) ¢haritie5 preparing theii a¢¢ounts in accordance th the Financial R¢porting St)dard applicable ill the UK and Republi¢ of Ir¢land ITrRS 102} {¢ffective l January 2019}'. FinAncial R¢porting Standard 102 IIL¢ Finan¢ial Retrf)rting Standard Jpplicable in the UK and Republi¢ of Ir¢land' and the Chatilies Ad 2011. The financial statements hav¢ been prepared under the historical cost Conventio 1th the exception of investments whi¢h ar¢ included * mark¢t value. Intorne All income is re¢o8nised in the Ststement of Financial Activities once the ¢harity has entitlement to the thnds. Donated sejvices and facilities are included in the SOFA received at the value of the gift to the charity provided the value of ihe gift can be measured reliably. Expenditurt Liabililies ar¢ r¢¢ogni5ed as cxpenditure as soon as there is a legal or ¢onstrudive obli88tiOll COTnmitting the ¢harity to that expenditure. it is probable that a transfer of economi¢ b¢n¢fits will be required in settlement and the amount of the oblisation can bt me&sured reli¥bly. Expenditure is awount¢d for on an awruals basis and h&8 been ¢lassified under headings that aggr¢gate all c051 related to the ¢ai¢gory. Where cosis ¢annDt be directly ttributed to particular headings they have been allocatsd tt> activiii¢s on a basis consistent with the use of r¢sourc¢s. Granrs payabl¢ are payments made to third parties in furtheran¢e of the chaTiLqble objeGtiv¢s of the ¢hariry. Singl¢ or mulii-year grants ai¢ a¢¢ounted for when approval has been mmunIcated to the recipient and the Trustees have agreed to pay the wt withoth condiiion, or Trthen conditional approval h&% been comtnuni¢ated the recipient and #ny condition attaching to the 8Tant is outside th¢ ¢ontrol of the Charity. Taxation The charity i$ exempt from on its ¢h8ritable activilie5. FuDd ae¢ounting UTJrestricted fuTbds Can be us¢d in aecordance with the charitable objectives at the discretion of the trustees. Re5trict¢d fund5 Gan only bc used for particular restricted pu]V05e5 Within the obj¢¢ts of the charity. Restrictions arise when specified by the donor orwhen fimds are raised for patti¢ular restricted putP05es. Further explanation of th¢ natur¢ and purpose of each fund is ill¢lded in the notes to the finanrial stit¢m¢Jtts. Going contern These acwunis have been prepared on the going ¢on¢ern b&sis &% the trustees ¢onsidcr that there art sufficient reserves available to meet the ¢harity's liabilitie5 as ih¢y fall du¢. Pag¢ 6 continued...
Tbe Diversity Proje¢t CTharity Notes lo the Finandal Statrments- co110ed for the yeAr end¢d 31 March 2025 IIYVESTMENT INCOME 2025 2024 Bank inteTest 75 221 TKUSTEES, REMUNERATION AND BENEFTTS The were no trnstees. remunerdtion or other b¢n¢fits for the year ended 31 March 2025 nor for the year cnd¢d 31 Mtrch 2024. Trnstees, txpeD8e$ There were tNst¢¢s' expenses paid for the year ended 31 March 2025 nor for th¢ year ended 31 Marth 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVTfiES Unrestricted nd Restricted fimd Tots] funds INCOME AND ENDOWMENfs FROM Donaiions and lega¢i¢s 7,326 7,326 Inyestment inwme 221 221 Tot81 7.547 7.547 EXPENDITURE ON Cbaritable artivities Charitable activit1¢5 2,159 2,159 iYET INCOME 5,388 5,388 RECONCILIATIOP4 OF FUNDS Total funds broughi fotivard 44,848 44,848 TOTAL FUNDS CARRIED FORWARD 50,236 50236 FIXED ASSET INVEsfMEf4TS Subsidi*ry und¢rt8kiTrg Cost Brought fotiwaTd 8,000 In th¢ opinion of the Trustees, the ag¥re¥ate value ofthe Charitys investnieTht in subsidiary undertakings is not less thatt ihe amount includ¢d in ih¢ balance sh¢et. Shares held Company umber CoMnY TPDC Limit¢d Class Ordinary 12342194 loo Page 7 Continued...
The Diversity Prnjeft Cbarity Note$ to the Finantlal Statem¢nts- ¢fjntiDued for tILe year ended 31 Mllrcb 2025 FIXED ASSKT INVESTMENTS- continued The wegate amount of capital and resetves and th¢ results of these undeJtakiThgs for the fJnanci81 period w¢r¢ as follows.. Profit I (IA*S3)for tILe year Capital and ReseTYes TPDC Limited Th¢ registered office of the subsidiary ts Se¢oThl Floor, Kirkland House. 11-15 Petsrborough Road. Harrow, Middlese& United Kingdom, HAI 2AX. CRKDrroRS: AMOUNTS FALLING DUE wmiiN ONE YEAR 2025 2024 Oth¢r ¢reditors 1,440 MOVEMENT IN FUNDS Net ovement In funds At 31.3.25 At 1.4.24 Unrestrict¢d funds General fund 50236 (7.363) 42,873 TOTAL TrUNDS 5Q,236 (7.363) 42,873 Net movement in fund5, incled in the above ar¢ as follows.. Incoming resource5 Resources expended Movement n fuhds Unrestricted funds Genernl fimd 5,705 (13.068) (7.363) TOTAL FUNDS 5,705 (13,068) (7,363) Comparalives for m•Y¢Ment in fuDds Nct mov¢m¢nt in fvnd5 At 31.3.24 At 1.4.23 Ilnrestricted fvnds Generdl fitnd 44,848 5,388 50,236 TOTAL FUNDS 44,848 5,388 50.236 Pag¢ 8 continued...
The Diversity Projert ChArity Noles to the FIne19] Stsi¢ments- eontlDved for the year end¢d 31 Mlrfh 2025 MOVEMENT IN Fuf4DS- CODtinlled CompAiative net movement in funds, included in the abov¢ aTe as follows.. IoMIng resource5 Resources expended Movement ill fuod$ lJnrestricted funds General fund 7.547 (2,159) 5.388 TOTAL FUNDS 7,547 (2.159) 5,388 A CUTT¢ntyear 12 months and PTior year 12 months combined position is as follo5.. Net rnovem¢Trl in fund5 At At 1.4.23 Unrestrieted [lld$ Gtnct81 fund 44,848 (1,9751 42,873 TOTAL FUNDS 44,848 (1.9751 42,873 A currenl y¢ar 12 months and PriQT y¢ar 12 ]M)nths ¢ombir*d net tthovement in funds, included in the above are Is follows.. In¢oming reSOUTces Resources expended Movetyjent in tIdS Unrestrirt¢d fllnds General fund 13252 (15227) (1,975) TOTAL FUNDS 13.252 {152271 (1,975) RELATED PARTY DISCLOSURES There w¢r¢ no related party transa¢tio]Js for the year ended 31 MarGh 2025. Pag¢ 9