Company registration number: CE022664 Charity registration number: 1190584
## THE EMPOWERMENT GROUP
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2024
GRC Accountants Limited 166 Banks Road West Kirby Wirral Merseyside CH48 0RH
## **THE EMPOWERMENT GROUP**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Strategic Report|2|
|Trustees' Report|3 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
## **THE EMPOWERMENT GROUP**
## **Reference and Administrative Details**
## **Chairman**
Mr Anthony Brathwaite
**Charity Registration Number** 1190584 **Company Registration Number** CE022664
**Registered Office** The Empowerment Group 86-90 Paul Street London EC2A 4NE **Independent Examiner** GRC Accountants Limited 166 Banks Road West Kirby Wirral Merseyside CH48 0RH
Page 1
## **THE EMPOWERMENT GROUP**
## **Strategic Report for the Year Ended 30 June 2024**
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 30 June 2024, in compliance with s414C of the Companies Act 2006.
The strategic report was approved by the trustees of the charity on 29 March 2025 and signed on its behalf by:
......................................... Mr Anthony Brathwaite Chairman and trustee
Page 2
## **THE EMPOWERMENT GROUP**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 June 2024.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr Emmanuel Anthony Miss Abimbola Anyiam Mr Anthony Brathwaite Chairman: Mr Anthony Brathwaite
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of THE EMPOWERMENT GROUP for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Overview: The Empowerment Group is dedicated to providing accessible and culturally sensitive therapy to individuals in need. We strive to create a safe and inclusive space where individuals can receive the support they require. Our team of staff and dedicated therapists are committed to promoting mental well-being and empowering individuals to lead fulfilling lives.
Activities and Impact: Throughout the reporting period, The Empowerment Group has successfully delivered one-to-one online therapy sessions, catering to the specific cultural needs of our clients. We are delighted to see the majority of individuals we have supported, have greatly benefitted from our service in the last 12 months. Our service has supported them in their mental health journey, providing them with the tools and support necessary to overcome personal challenges.
Partnerships and Notability: We are proud to have established key partnerships during this period, including a notable collaboration with Mind, a leading mental health charity in the UK. This partnership has allowed us to expand our reach and better serve individuals in need. We have also engaged with other organisations and community groups to raise awareness about mental health issues and the importance of culturally appropriate therapy.
Page 3
## **THE EMPOWERMENT GROUP**
## **Trustees' Report**
Financial Review: The Empowerment Group has experienced significant growth in income during the reporting period, which has enabled us to enhance our services and reach a wider audience. Through successful fundraising efforts and the generous support of donors, we have been able to build capacity, invest in training, and expand our therapeutic offerings. Our financial statements, available separately, provide a comprehensive overview of our financial performance.
Governance and Risk Management: We place great emphasis on robust governance and risk management to ensure the effective operation of our charity. Throughout the year, our dedicated board of trustees has provided strategic guidance, oversight, and support. We have implemented risk management processes to identify and mitigate potential risks and challenges, ensuring the sustainability of our operations.
Future Plans and Objectives: Looking ahead, The Empowerment Group aims to build on its success and further expand its reach and impact. We plan to continue strengthening our partnerships, both within the mental health sector and the wider community. Our focus remains on improving accessibility to culturally appropriate therapy services and supporting more individuals in their mental health journey.
Conclusion: In conclusion, The Empowerment Group has had a transformative year, providing culturally appropriate therapy to hundreds of adults in the UK. Our growth, strategic partnerships, and growing notability have allowed us to make a significant difference in the lives of those we serve. We are immensely grateful for the support of our dedicated team, donors, and funders who have contributed to our success. Together, we will continue to empower individuals and promote mental well-being.
It is the policy of the charity to hold in reserve £15,000. The level of reserves is reviewed annually.
The annual report was approved by the trustees of the charity on 29 March 2025 and signed on its behalf by:
......................................... Mr Anthony Brathwaite Chairman and trustee
Page 4
THE EMPOWERMENT GROUP
Independent Examiner's Report to the trustees of THE EMPOWERMENT GROUP
('the Company,)
I report to Ihe chaTily Irusle¢A on my examjnalion of Ihc accounts ol'th¢ Company fDr Ihe year ¢nd¢d 30 Junc 2024.
Respvn¥ibililie$ ind ba¥15 of rtpori
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Ilavintsy ydlisfied Inyq¢if that fhe ac¢oun15 uf th¢ Coinp#ny urc not Tcquir¢d to b¢ audiltJ under PDTt 16 of Iht 2006 Acl and
are eli¥iiblc for ind¢p¢ndL'nl examinaiivn, I report In r¢ipL'Il of illy examin&livn uf yuur chdrily's a¢¢uunL% as Larricd out
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## **THE EMPOWERMENT GROUP**
## **Statement of Financial Activities for the Year Ended 30 June 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Total income
**Expenditure on:**
Raising funds
Charitable activities
5
Other expenditure
6
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14
**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Total income
**Expenditure on:**
Raising funds
Charitable activities
5
Other expenditure
6
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14|**Unrestricted**
**funds**
**£**
2,571
35,705
38,276
(1,482)
(19,151)
(2,211)
(22,844)
15,432
15,432
61,658
77,090
**Unrestricted**
**funds**
**£**
11,044
33,848
44,892
(250)
(2,390)
(10,856)
(13,496)
31,396
31,396
30,262
61,658|**Restricted**
**funds**
**£**
104,933
-
104,933
-
(117,249)
-
(117,249)
(12,316)
(12,316)
113,864
101,548
**Restricted**
**funds**
**£**
201,775
-
201,775
-
(123,745)
-
(123,745)
78,030
78,030
35,834
113,864|**Total**
**2024**
**£**
107,504
35,705|
|---|---|---|---|
||||143,209|
||||(1,482)
(136,400)
(2,211)|
||||(140,093)|
||||3,116|
||||3,116
175,522|
||||178,638|
||||**Total**
**2023**
**£**
212,819
33,848|
||||246,667|
||||(250)
(126,135)
(10,856)|
||||(137,241)|
||||109,426|
||||109,426
66,096|
||||175,522|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 14.
The notes on pages 8 to 14 form an integral part of these financial statements. Page 6
## **THE EMPOWERMENT GROUP**
## **(Registration number: CE022664) Balance Sheet as at 30 June 2024**
|**Note**
**Current assets**
Debtors
11
Cash at bank and in hand
12
**Creditors: Amounts falling due within one year**
13
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
14
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2024**
**£**
3,300
175,818
179,118
(480)
178,638
101,548
77,090
178,638|**2023**
**£**
-
176,002|
|---|---|---|
|||176,002
(480)|
|||175,522|
|||113,864
61,658|
|||175,522|
For the financial year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 29 March 2025 and signed on their behalf by:
......................................... Mr Anthony Brathwaite Chairman and trustee
The notes on pages 8 to 14 form an integral part of these financial statements. Page 7
## **THE EMPOWERMENT GROUP**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **1 Charity status**
The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: The Empowerment Group 86-90 Paul Street London EC2A 4NE
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
THE EMPOWERMENT GROUP meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 8
## **THE EMPOWERMENT GROUP**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 9
## **THE EMPOWERMENT GROUP**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Financial instruments**
## _**Classification**_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
## _**Recognition and measurement**_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
## _**Investments**_
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
## _**Derivative financial instruments**_
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Page 10
## **THE EMPOWERMENT GROUP**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
2,571
-
2,571
11,044|**Restricted**
**funds**
**£**
-
104,933
104,933
201,775|**Total**
**funds**
**£**
2,571
104,933|
|---|---|---|---|
||||107,504|
||||212,819|
## **4 Income from other trading activities**
|Events income;
Other events income
**Total for 2024**
**Total for 2023**
**5**
**Expenditure on charitable activities**
Counselling
Consulting
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
18,225
-
18,225
-|**Unrestricted**
**funds**
**General**
**£**
35,705
35,705
33,848
**Restricted**
**funds**
**£**
79,740
37,509
117,249
82,339|**Total**
**funds**
**£**
35,705|
|---|---|---|---|
||||35,705|
||||33,848|
||||**Total**
**funds**
**£**
97,965
37,509|
||||135,474|
||||82,339|
||||**Total**
**expenditure**
**£**|
In addition to the expenditure analysed above, there are also governance costs of £926 (2023 - £2,390) which relate directly to charitable activities. See note 7 for further details.
Page 11
## **THE EMPOWERMENT GROUP**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **6 Other expenditure**
|**Note**
Allocated support costs
7
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
2,211
2,211
10,856|**Total**
**funds**
**£**
2,211|
|---|---|---|
|||2,211|
|||10,856|
## **7 Analysis of governance and support costs**
## **Support costs allocated to charitable activities**
|**Basis of allocation**
Advertising
Travelling
Computer software and maintenance costs
Subscriptions
Printing, postage and stationery
**Total for 2024**
**Total for 2023**|**Administration**
**costs**
**£**
488
570
778
331
44
2,211
52,262|**Total**
**funds**
**£**
488
570
778
331
44
2,211
52,262|
|---|---|---|
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Other governance costs
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
480
446
926
2,390|**Total**
**funds**
**£**
480
446|
|---|---|---|
|||926|
|||2,390|
Page 12
## **THE EMPOWERMENT GROUP**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
## **8 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **9 Independent examiner's remuneration**
Examination of the financial statements
**----- Start of picture text -----**
2024 2023
£ £
480 480
**----- End of picture text -----**
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **11 Debtors**
|**11 Debtors**||||
|---|---|---|---|
|Prepayments
**12 Cash and cash equivalents**
Cash at bank
**13 Creditors: amounts falling due within one year**
Accruals
**14 Funds**
**Balance at 1**
**July 2023**
**£**
**Unrestricted funds**
**_General_**
Unrestricted
61,658
**Restricted funds**
Restricted fund
113,864
**Total funds**
175,522|**Incoming**
**resources**
**£**
38,276
104,933
143,209|**2024**
**£**
175,818
**2024**
**£**
480
**Resources**
**expended**
**£**
(22,844)
(117,249)
(140,093)|**2024**
**£**
3,300|
||||**2023**
**£**
176,002|
||||**2023**
**£**
480|
||||**Balance at 30**
**June 2024**
**£**
77,090
101,548|
||||178,638|
Page 13
## **THE EMPOWERMENT GROUP**
## **Notes to the Financial Statements for the Year Ended 30 June 2024**
|**Unrestricted funds**
**_General_**
Unrestricted
**Restricted**
Restricted fund
**Total funds**
**15 Analysis of net assets between funds**
Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets|**Balance at 1**
**July 2022**
**£**
30,262
35,834
66,096|**Incoming**
**resources**
**£**
44,892
201,775
246,667|**Resources**
**expended**
**£**
(13,496)
(123,745)
(137,241)
**Unrestricted**
**funds**
**General**
**£**
179,118
(480)
178,638
**Unrestricted**
**funds**
**General**
**£**
176,002
(480)
175,522|**Balance at 30**
**June 2023**
**£**
61,658
113,864|
|---|---|---|---|---|
|||||175,522|
|||||**Total funds at**
**30 June**
**2024**
**£**
179,118
(480)|
|||||178,638|
|||||**Total funds at**
**30 June**
**2023**
**£**
176,002
(480)|
|||||175,522|
Page 14