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2024-03-31-accounts

Trustees’ Annual Report for the period

From 01/04/2023 (Period start date) To 31/03/2024 (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 diferent 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
beneft, in particular, the
activities, projects or
services identifed in the
accounts.		 Para 1.17 and
1.19		 Our main aims and objectives, for the public
beneft, are:
• To drive an essential and
fundamental transformation and
cultural competence.
• To support, develop and promote
the talent of ethnic minority
leaders.
The cultural change thread aims to achieve
a sector-wide mindset change in housing so
that the sector understands and accepts the
business and ethical case for a leadership
which is more ethnically diverse and
inclusive but also whythis is keyin refecting
and supporting communities. Leadership
2025 provides constructive challenge to the
sector, raising awareness and providing
support and tools for organisations to
implement change.
In supporting talent, we aim to support
leaders from ethnic minority backgrounds in
navigating the barriers and organisational
cultures which prohibit equity of
opportunity. This is done through our
fagship leadership programme and by
providing them with the networks, tools and
platforms they need to best support,
develop and promote their talent to become
sector leaders. The programme will go
through a redesign and tender process in
coming months. We also support talent
through sharing opportunities with alumni
and championing their successes and
careers across our platforms and networks.
In increasing the ethnic diversity of its
leadership, the sector will be more inclusive
and supportive for staf teams and for
residents. This is fundamental in
dismantling structural inequality and
improving outcomes for marginalised
communities.
Statement confrming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
beneft		 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 have had regard to the
guidance issued by the Charity Commission
onpublic beneft.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference N/A

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

Achievements and Performance

SORP
reference
Summary of the main
achievements of the charity,
identifying the diference the
charity’s work has made to
the circumstances of its
benefciaries and any wider
benefts to society as a
whole.		 Para 1.20 The appointment and onboarding of a
director has created resource and
direction in achieving our charitable aims.
The Trustees have worked with the Director
to establish a clear strategy, business and
action plan for Leadership 2025.
In December, our Chair attended the GLA’s
Homes for Londoner’s Board to present a
paper on the progress of the charity,
secure support and engage in important
discussions about the ethnic diversity of
housing’s leadership, advocating for
further progress.
To afect a cultural shift, the Director, Chair
and the Trustees have been building on
relationships across the sector to create
and sustain meaningful partnerships and
collaborations. This has asserted the
beneft and importance of the charity’s

mission and secured buy-in from influential leaders and organisations. We have engaged with key pieces of research, such as the National Housing Federation’s diversity reports and subsequent regional breakdown to enhance our authority in this space and to advocate for change. We also benefit from the support of Inside Housing, in which we continue to develop a voice and presence. In January, Savill’s hosted a Leadership 2025 Influencer’s dinner. This enabled an important discussion between CEOs from housing, Leadership 2025 alumni and other key stakeholders such as the Regulator for Social Housing and key recruiters, around the importance of ethnically diverse and inclusive leadership and how improvements may be made. A write-up of the event received good levels of engagement across the sector. In March, we spoke at the National Housing Federation’s conference on Diversity and Inclusion to raise the profile of Leadership 2025, share its aims and next steps and to secure support from key stakeholders. As well as the Director, an Alumnus of the Leadership 2025 programme spoke, focusing on the value they derived from completing the programme and why such work is important. This helped promote future iterations of the programme and to strengthen the voice of Leadership 2025 and its agenda. It also raised the profile of its alumni, their talent and that of ethnic minority talent across the sector more generally. The director undertook a large feedback exercise with Leadership 2025 Alumni to understand the strengths, weaknesses and

impact of the leadership programme and to inform its next iteration and design. In meeting with alumni and working on networking or feedback opportunities, the charity continues to develop the alumni network and support those relationships and careers. Work has begun on speaking with past mentors who are highly influential in the sector to secure buy-in and obtain feedback. Likewise, we are speaking with educational institutions about the next iteration of the programme, prior to a tendering process beginning, so we may best support talent. In order to best support ethnic minority talent across the sector and to improve its cultural competence and inclusion, it is a key strategic aim to expand our reach beyond London. To do so, the Trustees and the Director are building relationships at a national level, for example with the Housing Diversity Network, National Housing Federation and Inside Housing as well as with housing associations outside of London as well as within the capital. This is to ensure that ethnic diversity of leadership remains a strategic priority in housing and to further our reach. Our relationships with individuals and organisations such as national bodies, housing associations, charities and consultants has been key in the furthering of our aims. It is thanks to this sponsorship and broader support that we have been able to make progress towards our charitable aims and continue to grow our movement.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 We have contributed to fve articles as part
of Editors series on a Racism and Housing
Campaign for industry media partners,
Inside Housing.
We have had 8 speaker sessions at various
conferences and events in partnership with
HACT, Housing Diversity Network, The GLA,
National Housing Federation, Chartered
Institute of Housing and Housing Events.
Hosted events online and ofline with 150+
attendees sharing charity mission and
sector best practice.
The relationships and conversations
initiated or restarted, alongside the work
undertaken, will pave the way for our next
round of fundraising. Work will begin on
this shortly and we hope to secure the
fnancial support of previous funders as
well as new.
Performance of fundraising
activities against objectives
set		 Para 1.41 This year, the Trustees and Director have
continued to reach out to Housing
Associations and other organisations such
as consultants, to establish or maintain
relationships which will lead into a request
for sponsorship. In the coming months, the
Director and Trustees will continue to
reach out the wider sector for
sponsorship.
Investment performance
against objectives		 Para 1.41 N/A
Other N/A

Financial Review

Review of the charity’s
fnancial position at the end
of the period		 Para 1.21 At year end, we have spent some of our
income on the employment of a director
who can drive forward our aims and action
plan.
Statement explaining the
policy for holding reserves
statingwhytheyare held		 Para 1.22 Reserves are held for the charity to
continue implementing its action plan over
the coming year
Amount of reserves held Para 1.22 £52,849
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
defcit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Funding is an ongoing area of development
for Leadership 2025. We will be fundraising
over the next year and developing a
strategy to ensure sustainable funds for the
organisation. Now that we have a director,
we will be more able to deliver outcomes
and projects such as research and the next
iteration of our leadership programme,
which will mitigate this risk and support
our requests for funds. We will also
continue and build upon our good
reputation and relationship with existing
funders to ensure fnancial security.
Additional information (optional)
You maychoose 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

N/A Other

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 efective
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 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 frst 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
frst 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

Charityname Leadership2025
Other name the charityuses N/A
Registered charitynumber 1191851
Charity’s principal address 8 Kew Bridge Road
Brentford
TW8 0FJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9		 Trustee name
 Ofice (if any) Dates acted if not
for whole year		 Name of person
(or body) entitled
to appoint trustee
(if any)
Olugbemiga
Olanrewaju
 Chair Whole period N/A
Gina Amoh
 Trustee Wholeperiod N/A
Elyse Hodges
 Trustee Wholeperiod N/A
Sandra Skeete
 Trustee Wholeperiod N/A
SandySohal
 Trustee Wholeperiod N/A
Jitinder Takhar
 Trustee Wholeperiod N/A
Nathan Warren
 Trustee Wholeperiod N/A
Mark Washer
 Trustee Wholeperiod N/A

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11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved

Director name Ofice (if any) Dates acted if not for
wholeyear

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
held in this capacity		 The charity has no funds held as custodian trustees on
behalf of others
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A

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) Jessica Parsons

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) Olugbemiga Olanrewaju Position (eg Secretary, Chair Chair, etc) Date 30/01/2025

Charity Name
Leadership 2025		 Charity Name
Leadership 2025		 Charity Name
Leadership 2025		 Charity Name
Leadership 2025		 Charity Name
Leadership 2025		 Charity Name
Leadership 2025		 CC16a
For the period
from		 Period start date
01/04/2023		 To Period end date
31/03/2024
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
-
-
-
-
-
-
-
-
-
-
-
-
-
11,000
15,285
866
-
-
-
-
-
-
27,151
-
-
-
27,151
- 27,151
-
80,000
52,849		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
11,000
15,285
866
-
-
-
-
-
-
27,151
-
-
-
27,151
- 27,151		 Last year
to the nearest £
Income from HousingAssociations - 92,000
-
-
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 - 92,000
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
92,000
Consultancy and project management
fees		 11,000 12,000
Director expenses 15,285 -
Insurance and IT 866 -
- -
- -
- -
- -
- -
- -
**Sub total ** 27,151 12,000
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
12,000
- 27,151 - - - 27,151 80,000
- - - - -
80,000 - - 80,000 -
52,849 - - 52,849 80,000

CCXX R1 accounts (SS)

30/01/2025

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
N/A
Details
Total cash funds
(agree balances with receipts and payments
account(s))
N/A
Cash at bank
Details
Details
N/A
Details
N/A
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
52,849
-
-
-
-
-
52,849
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Olugbemiga Olanrewaju		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Olugbemiga Olanrewaju 10/01/2025

CCXX R2 accounts (SS)

30/01/2025

2

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name Leadership 2025 On accounts for the year 31/03/2024 Charity no 1191851 ended (if any) Set out on pages Sections A and B of the Receipt and Payments Accounts I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:
Name:
Relevant professional
qualification(s) or body
(if any):		 Date:
14/01/2025
Derek Joseph
Fellow of the Chartered Institute of Governance, Holder of B. Com (Accy)
from Leeds University and an approved person by the FCA

Oct 2018

1

IER

Address: Flat 8, Tempus Wharf, 29 Bermondsey Wall West, London, SE16 4RW

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

2

IER