## **Trustees’ Annual Report for the period** **From 01/04/2024 (Period start date) To 31/03/2025 (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 main aims and objectives, for the public
benefit, 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 why this is key in reflecting 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 flagship 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 staff teams and for residents.
This is fundamental in dismantling structural
inequality and improving outcomes for
marginalised communities.| |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 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|| |Policy on grant making|Para 1.38|N/A| |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
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|During the year, Leadership 2025 delivered several
significant achievements that supported
ethnically diverse housing leaders and contributed
to wider sector understanding of inequality. The
charity completed a major qualitative research
project with the London School of Economics,
exploring the lived experiences of ethnically
diverse leaders in housing and producing practical
recommendations for the sector.
A knowledge-exchange event was held in January
for funders and stakeholders, providing an
opportunity to share findings and strengthen
sector engagement with the research.
Leadership 2025 also delivered a well-attended
Winter Conference in December, which offered
learning, networking and collaboration
opportunities for participants and helped maintain
visibility of diversity and leadership issues across
the sector.
Regular quarterly updates were issued to
supporters, sharing impact, good practice and
sector insights, which helped maintain
relationships and keep beneficiaries connected to
opportunities and developments.
The recruitment of a new Chair and the
appointment of an Interim Director ensured
continuity during the Director's maternity leave,
maintaining organisational stability and enabling
ongoing support for alumni and stakeholders.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements
against
objectives set|Para 1.41|The charity made progress against its organisational
objectives in several key areas:
• **Research and evidence-building:**Completed the
LSE qualitative research project, including literature
review, interviews and organisational insights, to
inform future programme design and sector
interventions.
• **Programme development:**Progressed tendering for
the next iteration of the Leadership 2025 programme,
reviewed proposals from business schools, and
engaged alumni to support future co-production
• **Sector leadership and influence:**The Director
contributed to an_Inside Housing_publication outlining
three strategies to increase senior-level Black and
minority ethnic representation (Aug 2024),
strengthening the charity’s voice in sector-wide
discussions.
• **Awareness and culture change:**The charity marked
Black History Month (Oct 2024) with public
engagement and sector communications highlighting
the ethical and business case for more inclusive
leadership.
• **Events and engagement:**Delivered the Winter
Conference, attended national events, and
maintained strong relationships with NHF, HDN,
Inside Housing and Ocean Media, ensuring the
charity remained visible in key sector forums
• **Stakeholder communication:**Issued quarterly
organisational updates and maintained regular
communication with funders and supporters to
demonstrate impact and value for money.
• **Governance:**Strengthened leadership through the
appointment of a new Chair and ongoing trustee
engagement, including plans for a skills audit and
additional training.| |||| |---|---|---| |Performance of
fundraising
activities
against
objectives set|Para 1.41|Fundraising continued to rely on annual sponsorship from
housing associations and corporate partners, totalling
£70,000 for the year.
All sponsors were contacted and existing relationships were
maintained through updates and event engagement. Despite
significant effort, fundraising remained challenging, with
limited responses to new outreach. A renewed approach,
strengthening trustee involvement and focusing on deeper
partnerships, was identified as necessary for the next
funding cycle.| |Investment
performance
against
objectives|Para 1.41|N/A| |Other||N/A| ## **Financial Review** |**inancial Review**||| |---|---|---| |||| |Review of the charity’s
financial position at the
end of the period|Para 1.21|Leadership 2025’s finances were
overseen with support from Altair, who
provided management accounts and
banking administration. Income for the
year continued to rely on annual
sponsorship, totalling £70,000, with most
payments received between September
and December. Budget tracking showed
that the organisation’s ability to meet
future costs is dependent on the timely
renewal of sponsorship income, and
projections highlighted sensitivity to any
delays or shortfalls in fundraising.| |Statement explaining the
policy for holding reserves
stating why they are 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|£51,703| |Reasons for holding zero
reserves|Para 1.22|N/A| |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 are uncertainties linked to the
charity’s reliance on annual sponsorship,
ongoing fundraising challenges, and the
need to renew or secure new funders
each year. Budget modelling indicates
that cash reserves are vulnerable if
sponsorship is delayed or does not
materialise. These financial pressures
create uncertainty around future
sustainability, though trustees and the
Interim Director continue to pursue
sponsorship and engage stakeholders to
mitigate this risk.| ## **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 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|4th Floor Silverstream House
45 Fitzroy Street,
Fitzrovia
London
W1T 6EB| ||| **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**
**(if any)**| ||1|Tolulope Oke|Chair|Whole period|N/A| ||2|Gina Amoh|Trustee|Whole period|N/A| ||3|Elyse Hodges|Trustee|Whole period|N/A| ||4|Sandra Skeete|Trustee|Whole period|N/A| ||5|Sandy Sohal|Trustee|30/11/2024|N/A| ||6|Jitinder Takhar|Trustee|Whole period|N/A| ||7|Nathan Warren|Trustee|Whole period|N/A| ||8|Mark Washer|Trustee|Whole period|N/A| 9 10 11 12 13 14 15 16 17 18 19 20 ## Corporate trustees – names of the directors at the date the report was approved |||| |---|---|---| |**Director name**|**Office (if any)**|**Dates acted if not for**
**whole year**| |||| |||| |||| |||| |||| 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
safe custody and
segregation of such assets
from the charity’s own
assets|N/A| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** ||**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---|---|---| |||||| ||**Type of**
**adviser**|**Name**|**Address**|| |||||| |||||| |||||| |||||| ||**Name of chief executive or names of senior staff members (Optional**
**information)**|||| |||||| ## **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)** Tolulope Oke **Position (e.g. Secretary,** Chair **Chair, etc) Date** 27/01/2026 ||**Leadership 2025**

**Charity Name**|**Leadership 2025**

**Charity Name**|**Leadership 2025**

**Charity Name**|**Leadership 2025**

**Charity Name**|**Leadership 2025**

**Charity Name**|**CC16a**| |---|---|---|---|---|---|---| ||**For the period**
**from**|01/04/2024
Period start date|**To**|31/03/2025
Period end date||| |||||||| |**Section A Receipts and payments**||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**70,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**

**70,000**
**-**
**-**
**-**
**70,000**
**13,680**
**56,026**
**1,087**
**352**
**-**
**-**
**-**
**-**
**-**
**71,146**
**-**
**-**
**-**
**71,146**
**- 1,146**
**-**
**52,849**
**51,703**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**- **
**-**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**
**70,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**70,000**
**-**
**-**
**-**
**70,000**
**13,680**
**56,026**
**1,087**
**352**
**-**
**-**
**-**
**-**
**-**
**71,146**
**-**
**-**
**-**
**71,146**
**- 1,146**||**Last year**
**to the nearest £**| |Income from HousingAssociations|**70,000**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**70,000**||**-**| ||**-**|||**-**||| ||**-**|||**-**||| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| |~~**_Sub total_**~~~~_(Gross income for_~~
_AR)_|
**70,000**|||**70,000**||**-**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**||**-**
**-**
**-**|**-**||| ||**-**|||**-**||**-**| |**_Sub total_**|**-**|||**-**||**-**| |**_Total receipts_**
**A3 Payments**||||||| ||||**-**|**70,000**||**-**| |||||||| |
Consultancy and project management fees|**13,680**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**13,680**||**11,000**| |Director costs|**56,026**|||**56,026**||**15,285**| |Insurance and IT|**1,087**|||**1,087**||**866**| |SundryExpenses|**352**|||**352**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| ||**-**|||**-**||**-**| |**_Sub total_ **|**71,146**|||**71,146**||**27,151**| |||||||| |**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_**||||||| ||||**-**|**71,146**||**27,151**| |||||||| ||**- 1,146**|**-**|**-**|**- 1,146**||**- 27,151**| ||**-**|**-**|**-**
**-**|**-**||**-**| ||**52,849**|**-**||**52,849**||**80,000**| ||**51,703**|**-**|**-**|**51,703**||**52,849**| CCXX R1 accounts (SS) 27/01/2026 1 ## **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
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
N/A
**Details**
**Details**
N/A
Cash at bank
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
N/A
**Details**
N/A|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**51,703**
**-**
**-**
**-**
**-**
**-**
**51,703**
**-**
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
Tolulope Oke|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Tolulope Oke|27/01/2026| ||||| CCXX R2 accounts (SS) 27/01/2026 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 31/03/2025 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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 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. **Date:** 26/01/2026 **Signed: Name:** Derek Joseph **Relevant professional** Fellow of the Chartered Institute of Governance, Holder of B. Com (Accy) **qualification(s) or body** from Leeds University and an approved person by the FCA **(if any):** 1 **Oct 2018** **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** . 2 **Oct 2018** **IER**