2022-03-31-accounts - Leadership 2025

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Trustees’ Annual Report for the period

From 16/10/2020 (Period start date) To 31/03/2022 (Period end date) Charity name: Leadership 2025

Charity registration number: 1191851

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To promote the elimination of discrimination on the grounds of race and the encouragement of equality of opportunity between people of different racial groups within the community, particularly in the area of employment and training by: 1) conducting or commissioning research on equality and diversity issues and publishing the results to the public. 2) raising awareness of and providing training to address barriers to equality of opportunity in professional development in the workplace.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Our aim and purpose in the sector will be to influence a cultural change and to take responsibility in supporting talent. The cultural change aims to achieve a sector-wide mindset change that understands and accepts that increasing diversity makes business sense and makes leadership teams more reflective of the communities they serve. We see our role as providing constructive challenge to the sector and providing the tools for organisations to implement change. The supporting talent strand focuses on the continued need to ensure that senior managers from an ethnic minority background can feel they are fully equipped to become sector leaders.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The main objective of the charity is to promote equality and diversity, achieving this through providing educational opportunities and promoting activities to foster understanding between people from diverse backgrounds. The trustees are confident in confirming that should any personal benefit arise from this, this will be incidental and can

play a part in feeding into research on equality and diversity issues (in terms of case studies to raise awareness), whilst also providing stories of outcomes from activities that encourage understanding between people from diverse backgrounds - all of which we will be able to publish to the public to achieve our objects. The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference N/A Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment N/A Para 1.38 Contribution made by volunteers N/A Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Following the inductions of the new Trustees, we had an away day in July 2021 to start developing our two-year business plan. We then had a further session in late September 2021 to finalise our key objectives and start looking at our operating model. During the reporting period, we have recruited an additional six trustees, carried out their induction and developed our business plan. Our business plan reinforces our aim to be the catalyst of cultural change to create a leadership of the housing sector that is ethnically diverse. Our aim and purpose in the sector will be to influence a cultural change and to take responsibility in

supporting talent. The cultural change aims to achieve a sector-wide mindset change that understands and accepts that increasing diversity makes business sense and makes leadership teams more reflective of the communities they serve. We see our role as providing constructive challenge to the sector and providing the tools for organisations to implement change. The supporting talent strand focuses on the continued need to ensure that senior managers from an ethnic minority background can feel they are fully equipped to become sector leaders. We have had another cohort of six individuals successfully complete the leadership development programme. These individuals have completed the course and taken their learnings back to their workplaces and shared within their networks to bring about a public benefit. We are working with the trade press to increase the visibility of leaders from ethnic minority backgrounds in the written press and at conferences, with several Trustees sitting on their Editorial panel.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41	During the reporting period, we spent time on developing our business plan and our action plan with our strategic objectives.
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	N/A
Other		N/A

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At year end, we have utilised our income on consultancy and project management fees to develop our business plan and action plan and run the leadership development programme.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Once our first business plan and initial set- up of the newly formed charity has been completed, we will raise additional funds to help us achieve our objectives.
Amount of reserves held	Para 1.22	£0
Reasons for holding zero reserves	Para 1.22	The initial funding helped to develop our business plan, set-up the charity and develop our action plan. We will raise additional funds to help support the activities of the charity. Since April 2022, we have started reaching out to organisations operating in the housing sector for funding.
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There is no uncertainty about the charity continuing as a going concern as we have secured additional funding from Housing Associations from April 2022 onwards.
Additional information (optional) You may choose to include further statements		where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Funding from Housing Associations and other organisations operating in the social housing sector
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	N/A
Other		N/A

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	The constitution states: - A maximum of 12 trustees. - In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Applicants are asked to submit their CV and cover letter, followed by an interview which explores their motivations in more detail and what they can contribute to the charity. The recruitment process is robust to ensure that the right people are selected to sit on the Trustees’Board.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	The charity trustees will make available to each new charity trustee, on or before his or her first appointment: - a copy of the current version of the constitution; and - a copy of the CIO’s latest annual report, annual accounts and Terms of Reference. New trustees are also provided an induction by the Chair prior to the first Board meeting.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The charity is run by the Trustees, led by the Chair.
Relationship with any related parties	Para 1.51	N/A
Other		N/A

Reference and Administrative details

Charity name	Leadership 2025
Other name the charity uses	N/A
Registered charity number	1191851
Charity’s principal address	8 Kew Bridge Road Brentford TW8 0FJ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Olugbemiga Olanrewaju	Chair	Whole period	N/A
Gina Amoh	Trustee	Wholeperiod	N/A
Elyse Hodgess	Trustee	01/04/2021 – ongoing	N/A
Sandra Skeete	Trustee	01/04/2021 – ongoing	N/A
SandySohal	Trustee	01/04/2021 – ongoing	N/A
Jitinder Takhar	Trustee	01/04/2021 – ongoing	N/A
Nathan Warren	Trustee	01/04/2021 – ongoing	N/A
Mark Washer	Trustee	01/04/2021 – ongoing	N/A
Kate Dodsworth	Trustee	16/10/2020 – 31/03/2021	N/A

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets The charity has no funds held as custodian trustees on held in this capacity behalf of others

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

N/A

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Olugbemiga Olanrewaju
	Chair
	31/01/2023
	31/01/2023

Charity Name Leadership 2025

No (if any) 1191851

Receipts and payments accounts For the period Period start date To from 10/16/2020

Period start date 10/16/2020

Period end date To 3/31/2022

Section A Receipts and payments

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Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Grant from Greater London Authority 33,750 - - 33,750
Grant from g15 (Housing Associations) 33,750 - - 33,750
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
67,500 - - 67,500
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 67,500 - - 67,500
A3 Payments
Consultancy and project management fees
67,500 - - 67,500
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 67,500 ] - - 67,500
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 67,500 - - 67,500
Net of receipts/(payments) - - - -
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end - - - -
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Section B Statement of assets and liabilities at the end of the period

		Unrestricted		Restricted
Categories	Details	funds		funds
B1 Cash funds	Cash at bank *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ - - - - OK	OK	to nearest £ - - - -
		Unrestricted		Restricted
		funds		funds
B2 Other monetary assets	Details N/A	to nearest £ - - - - - -		to nearest £ - - - - - -
B3 Investment assets	Details N/A	Fund to which asset belongs	Cost (optional) - - - - -
B4 Assets retained for the	Details N/A	Fund to which asset belongs	Cost (optional) -
charity’s own use				- - - - - - - -
B5 Liabilities	Details N/A	Fund to which liability relates		- - - - - Amount due (optional)

Notes

There are no guarantee given by the CIO, where any potential liability under the guarantee is outstanding at the d There is no debt outstanding at the date the statement of assets and liabilities which is owed by the CIO and which

Signed by one or two trustees on behalf of all the trustees

Signature Print Name Olugbemiga Olanrewaju

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CC16a
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Last year
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to the nearest £

Endowment funds to nearest £ - - - -

Endowment funds

to nearest £

Current value (optional)

When due (optional)

date of the h is secured by

Date of approval V3112023

CHARITY (OMMISSION FOR ENGL) AND wE5 Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to th• trusteMI members of Leadership 2025 On accounts for tho y•ar endod 31102022 Charlty no 1191851 Sot out on page8 S¢¢ I report to the trustees on my examination of the acLounts of the above charity (Ihe Trust") for the year ended 3110312022. A8 the charitys trustees, you are responsible for preparation of the accounts in accordan(x with requirements of the Ch8rltles Act 2011 (ihe Acr). Re8ponslb11ft108 and ba8is of rep¢)rt I report in respect of my examination of the Twst's accounts carried out under section 145 of the 2011 Act and in carrylng out my eXamInat)n, I have followed all the applicable Directions given by the Charfty Commission under section 145(5Xb) of the Act. Ind•p•ndent I have (>)mpl8ted my examination. l o)nfimi that no material matter8 have oxamln•rfs $Lm•nt come to my attentK)n in nnectIOn wilh the examinatk)n (other than that dlsclosed below ') which gives me cause to bell6ve tt1 in, 8ny materlal the a¢UntIng records were not kept In accordan with sectlon 130 of the Charities A(a.' or the acc4)unls did rt accord with the acwunting reLY•rd8; or the account8 did not comply with the appllGgble requirements conc*miThJ tre form and content of a¢)UnIS sel out in the Charfties (Accounts and Report8) Regulations 2008 other than any requirement Ihat the accounts give a 'true and fairf view which is not a matter considered as part of an Irpendent examination. I have no o)ncems and have come across no other matters in connedon with the examination to which attention shoukl be drawn in thls report in order to enable a proper understanding of the accntS to be reathed. . Please delete th8 in trackets Ifthey do not ath. Signed: 3110112023 Namè: rek Joseph Relevant wofgsslonal qualifi¢atlon(sl or body IER IJ fCA. Oct 2018

(If any): i afl Section B Disclosure Onty complete rf the examiner needs to highlight material matters of concern (s88 CC32, Independent examination of charity accounts: directions and guidan for examiners). Glve h9Te brlef d•taill of any Items that the oxaminer wishe8 to dlsclose. IER Oct 2018