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2022-06-30-accounts

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Independent Auditor's Report to the Trustees of Black Minds Matter UK Opinion We have audited the financial stslements of Black Minds Matter UK Ilhe 'charily'l for the peri(Kl ended 30 June 2022, which comprise the statement of financial activities, balan￿ sheet, statement of cash flows and notes lo the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the charity's affairs as at 30 June 2022 and of ils incoming resources and application of resources, including its income and expenditure. for the period then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with th8 requirements of the Chari118s Act 2011. Basis for opinion We conducted our audit in accordance with Inlemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sijfficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accoLJnting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going eoneern for a period of at least twelve months from when the original financial statements were authorised for i8SLJe. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other infomialion comprises the information included in the annual report, other Ihan the financial slalements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other infomialion and, except lo the extent otherwise explicitly staled in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, Consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclLJde that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ANNUAL REPORT& FINANCIAL STATEMENTS | 20

Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material misstatements in the re￿rdS provided. We have nothing lo report in respect of the following matters the Charities IAccounts and Reports) Regulations 2008 requires us to report to you if. in our opinion.. the information given in the financial statements is ineonsistent in any material respeel with the trustees, report., or the charity has not kept adequate accounting records., or the financial statements are not in agreement with the aceounling records and retums., or we have not received all the infom)alion and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the statement of Iruslees, responsibilities set out in the trustees, report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary to enable the preparation of financial statements that are free from material misslalemenl, whether due to fraud or error. In preparing the financial stalemenls, the trustees are responsible for assessing the charity's ability to continue as a going concem, disdosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trLJStees either intend to liquidate the charity or to Cease operations, or have no realistic alternative bul to do so. Auditor Responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assLJrance is a high level of assurance, but is not a guarantee that an audit conducted in accordan￿ with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design prO￿dureS in line with our responsibilities. outlined above, to delect material misstalemenl in respect of irregularities. including fraud. In identifying and assessing risks of material misstatement in respect of irregularities. including fraud, the audit engagement team.. obtsined an understanding of the nature of the industry and sector, including the legal and regulatory framework that the charitable company operates in and how the charitable company is complying with the legal and regulatory framework., inquired of management, and those charged with govemance, about their own identification and assessment of the risks or irregularities, including known and actual, suspected, or alleged instan￿$ of fraud., discussed matters about non-complian￿ with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. http'.Ilwww.frc.org.uklaudilorsresponsibilities. This description forms part of our auditorfs report. ANNUAL REPORT & FINANCIAL STATEMENTS | 21

Use of our report This report is made solely to the charl￿S trustees, as a body, in accordance with Part 4 of the Charities {Ac¢ounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's trustees those matters we are required to slate to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not awepl or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have fomied. Milsted Langdon LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. LLP Milsted Langdon LLP Chartered accountsnls and statutory auditor Freshford House Redcliffe Way Bristol BS16NL Date.. 0210312023 ANNUAL REPORT& FINANCIAL STATEMENTS | 22

2ek Minds M2ttèr UK Ch2rily No 1193036 BLACK MINDS MATTERV. Annual accounts for the 18 month eriod Period start date 0810112021 To Period end date 30106r2022 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 30 JUNE 2022 Restrlcted incomo funds Unrestricted funds Notes Totsl funds Incorning resources Incorne from: Donations and legacies Charitsble activities 818892 408,966 1,227.858 Other trading aebvilies Other 2.327 Total 821,219 408,966 1,230,185 Resources expended ExpendMure on. Raising ftjnds Charitsble activities 33,183 5.238 38.421 312,222 83,402 650,320 962.542 83.492 Othor Total 428,897 655,558 1,084.455 Ngt incomel{•xpgnditurel Transfers between funds 392,322 1246.5921 349,793 145,730 1349,7931 Other recognised gainslllossesl: Other gainslllossesl N8t movement in funds 42,529 103,201 145,730 Roconclllatlon of fvnds.. Total fund5 brought forward Totalfunds carried fonyard 42,529 103,201 145.730 The notes on page5 26 to 34 fotrn part of these finanoal state[r￿nts ANNUAL REPORT & FINANCIALSTATEMENTS | 23

BALANCE SHEET AS AT 30 JUNE 2022 Restrlcted Income fvnds Unrestrlcted funds Total thls year Jle Fixed assets Tangible assets 3.741.00 3,741 Total Ilxed assets 3,741.00 3,741 Current assets Debtors Cash at bank and in hand 27,353.00 35,181.02 27,353 138,382 103,201 Total currpnt a55ets 62,534.02 103,201 165,735 Creditors: amounts falling due wlthln one year 23,746.00 23,746 Not currnnt assets/(liabilitlos) 38.788.02 103,201 141.989 Total assets less current liabilities 42,529.02 103,201 145,730 Total net assets or liabilities 42,529.02 103,201 145,730 Funds of the Charity Restricted income funds Unrestrlcted funds 103 201 103201 42,529 145,730 42,529.24 42,529.24 Total funds 103.201 Signed by two Iruslees lo Approved and authorised for issue on behalf of the trustees by.. SHJnature Print Name Dale of approval ddlmmlyyyy Hwol Wolde-senbel 2610112023 Ronald Howson 2610112023 The notes on pages 26 to 34 fom part of these financial statements ANNUAL REPORT & FINANCIAL STATEMENTS | 24

STATEMENT OF CASHFLOWS FOR THE PERIOD ENDED 30 JUNE 2022 Notès Total funds Cash flows from operating activities: Net income for the reporting period las per the statement of financial activf(iesl 145,730 Adjustment for: Deblors 127,353) 402 Depreciation Creditors 23,746 Net cash provided by (used in) operating activities 142,525 Cash flows from investing aclivities: Purchase of computers Net cash provided by (used in) investing activities 14,143) 4,143 Change in cash and cash equivalents in the reporting period 138,382 Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 138,382 The notes on pages 26 10 34 fonr part of these financial statements ANNUAL REPORT & FINANCIAL STATEMENTS | 25

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2022 Note 1 Basls of preparathon 1.1 Basis of accounting These accounts have been prepared under the historical cost convention with Items recognised at cost or transaction value unless OtheiwKse stated in the relevant note5 to these account5. Th8se ar8 th8 first publish8d accounts for Black Minds Matter UK and h8V8 b88n pr8pared in accordanc8 W11h the Stat8m8nt of Recommended Pract￿e.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial R8POrting Standard applicab￿ in th8 UK and R8pUbl￿ of IreL4nd IFRS 1021 issu8d in October 2019 and with th8 Charit￿5 Act 2011. The charity constitutes a public benefit enlily as defined by FRS 102. 1.2 Going concern Th8 trust8es COns￿8r that th8r8 are no mat8ri41 unCertaint￿S atK)ut th8 charrty's ability to continu8 a5 a going concern. A5 S8t out in rnore detail in the Trustees. annual report and the funds held in OCF will ensure the charrty is able to tnainlain its operatK)ns into the future. The Trustees have a reasonable expectation that the oh8rity has adequate resources to continue in operational existen¢e for the foreseeab￿ lulure. The Trustees therefore continue lo adopt going concern basis of accounting in preparing the accounts. 1.3 Change of accounting policy Th8 accounts pr8sent a tru8 and fair view and th8 accounting pol￿￿8 adopted are those outln8d in the following not85. ANNUAL REPORT & FINANCIAL STATEMENTS | 26

NOTE5 TOTHE ACCOUNT5 ICONTINUEDI FOR THe PERIOD ENOEO 30JUNE2022 Motp 2 Acc(yJntln9 poIiciBs 2.1 INCOME RgCiVJllltl￿ of incumv These are in¢lude4 in the stsmeni olFinan¢i81 A¢bvibes ISOFAI when. ihe tharilybecomesenliled to ihe reSoUr￿s, il is more likely ihan nollhal ihe Iruslees will receive ihe resources, and ihe tnonetary value caD be measured wilh sufficient reliability. Funds raised in Oxfordshire Cornmunity Fund on behalf of BMM uKa￿ nolrecognised in SOFA unbl disbursements are applied lorand received. Oftsettlny Thtrre has b8en nooffs¢iiing of8ssets li¥bilibt$, orin¢om$ and trxptnss, unless rtrquired or permilted by tht FRS 102 SORP or FRS 102. Grants anddohatknns Grants and don3tions are onlyiTh￿uded in the SDFA when the general income recognltion criteria are meii5.10 10 5.12 FRS102 S¢>IPI. In the ¢a¥ of perlortn¥n¢ related grgnts. income mustonly be r¢ognised to the extent thai the charily has provided tre speGified 9oodsor $ervices¥s enlillpmpni to the grant onlyoccutswhpn the perform8nce related CDndibons ar8 mel15.16 FRS 102 SORPI. Tax rÈtlaimy on onaiiuns and glfts GIftAid receivable Is Induded In Income when there Is a valid declaration Iromthe donor. Any Gift￿￿ amount recovered OD a donatson is considered to be part oflhal giftand 15 Irealed as an addition lo the same fund as ihe inibal donalon uDle5sthe donor orthe tertns of ihe appeal have specihed oihetW15e. ontractval Income and performance related grant5 Thjs Isonly Included In SOFA once the chariiy has prowded the related goods Drseryices ormellhe perfrJrmanGe Donated goods Donated goodsare measured Slf8irvaiue Ilhe amouniforwhi¢h the $$sei¢ould be eA¢hangedl unle$$ impra¢b¢al 10 do $0 orlhe co$1 outsveigns the beN8fil lo 8MM UK Donatsd goods lorrt$ala art maasurtd 8lf¥ifv8lutOn Initial rt¢ognilion. which Is Iht expt¢ttd procatdslrom $8110s5 the èxpeded costs olsale. and recognised In'lneome from other trading aciivilies'with ihe torresponding sknck reco9nised In the balan￿ sheei On Its sale the value of stock Is chaiged againsl'lncome from other ￿dIng activities, and the proceeds from sale are also recognised as'lncome trom other trading activities. Gifts In kind for use bylhe charitya￿ included in the SOFA as Income Irom donabons whpn re￿i¥￿01e. Donated Services and Donated service5 and facilities are Included In the SOFAwhen received allhe value of the gilllo Ihe charity provided the value ollhe giftcan be measured reliably. Donated s¢rviTrs and lacilities thai are consumed immediai¢ly art r¢ognised as inty)tnt with an ¥qJivalniamouni recognised as an expense underthe appropria￿ heading in the SOFA Volunt•Èr ￿1p The value of any volunLary help receivèd IS nDI Included In the accounLS bulls dèsciibed in the trus￿eS. annual report Incomè ltstÈr•st, royaltles and dlvldÈnds This 15 included In the accounts when re￿Ipl is probable and the a￿U￿treCeIVable can be tneasured reliably. IncoKne frovn mgmbership subscription Membership subscnpiiDnS received in ihe naiure ola gift are recognised in Donations Legacies meMbe￿hIP sutys¢riptions which gives a memberthe righlto buy sepoices orother benefits are recognised as Inwme earned from the provision ofgoods and seNices as Income from chariL4ble aclivibes Setllementofinsurance claims InsurdTh￿ daims are only Included In the SOFA when the general Income recognition eri￿ri3 are mel15.10 10 5.12 FRSIQ2 SORPI and are included a5 an ilemof olherincorne in the SOFA. Investment gains and losses This Includes any realised or unrealised gains or105ses on the Sale of invesbnents and anygain or105s resulting fvom revaluing Investments lo markelvalue allhe end of ihe year. ANNUAL REPORT & FINANCIAL STATEMENTS | 27

2.3 EXPENDITURE AND LIABILITIE5 ability recognition Liabililies are recognised where Il Is MO￿ likely than not that there is a legal orconslructive obligation commilbng the charityto pay0ulresour￿S and the amounlollhe obligauon can be measured With reasonable ￿rtainty. Governance and sUPPOrt Supportcosts have been allocated between governan￿ costs and other suppoil. c1)vernaTh￿ costs comprise all costs Costs Invol¥ryTrg public accountability of the charity and Its Complian￿ with regulation and good practice. Supporicosts Includg Cgntral lunction5 and have begn allocated lo aclvilycosl calegoDes on a bas1sc0nsis￿n1W1ih lh£ use ol resource5. eg allocating properiycosts by floorareas. or per rApits. siaff costs bylhe limg Spgnland olhgrcosls by Grants with porforman¢6 Where Iht ¢harity giv$s a yr8nlwilh condibonsfor paymnib8ing $ sp¢¢ifi¢ lav81 olsetvics orOu￿ul10 b8 provided. ¢ondition$ $u¢h grants S￿ OnlY￿¢0￿ni$ed In the SoFAon¢e Ihe ￿CIpient ofthe gr8nt has provided the $pe¢ified seYvi¢e oroulput. Foreiyn CUrr￿¢Y Where sums originally denominated In foreign currency have been included in Income, those sums have been tsns131ed Into 51erfing al the monthly average exchange rate forlransacbons occuring In Ihal month Grants payabb Wit1￿Ut Wntrs thtrr¢ are no¢ondilionsalla¢hing to tha granlthaionableg Ihe donor Ch?Dty to r¢alisticallyavoid IhÈ ¢ommiknonl. rltym8n¢8 ¢(xYJitI¢yi8 8118bililybrlh$ tull tunding obligation musi be rt¢ognis¥d. Re(Jndancy c05t Thg charityTnadg no rgdundancy paytngnisduring repor￿￿9 poriod Defe￿d income No malerial Ilem of deferred Incotne has been Induded In the accounts. Credtars The ¢harityh¥$ c￿lItOr$ whlch 8rs tnea$ursd atrs&iu$ment8mouni$ less anytrade di$couni$ Bl4¢k Mind$ Maitsr 1$ 8 rtrgis￿r*d ¢h8fity. and 8$ $uth its In¢om8 8nd gain$ falling wilhin St¢bon$ 471 10 489 oflh$ Corporation T¥xAci2010 or Section 256 Taxalion8nd Charge¥ble Gains Acl 1992 8re exempt from ¢orporalion taxto the exlenlthatthey are appliedex¢luSi¥elyto its ¢haritsble obie¢tives. Taxation Pro¥ision$ liabilities A liability Is measured on recogThiliOn al its historical cost and then subsequently measured allhe beslestimale of ￿e amount required lo sewe theobli9abon al ihe reporiing dale Ba$1¢ finan¢ial in8trumeDts Thtr charilya¢counl$ forba$ic financial instrutntnl$Qn inibal ra¢Dgniliona$ p$rparagraph 11 7 FRS102 SORP. Sub$$qu$Dlmg¥$ur¢mtrDli$ as per p8ragr¥phs 11.17 to 11.19. FRS102 SORP. penS￿n The ¢hariiyoper¥te$ 8nd defined ¢ontribution workpl8¢e pension $¢heme and the penwon ¢h8rge repYe$entsthe amounts paygble bythe th£rily 10 the fund In the ￿spect ofthe ye8r. 2.4 ASSETS TangSNe fixed3ssets for use by charity These are capitalised If theycan be used for more Ihan one year, and coslalle3sI £500 They8rs valu84 al¢o$i or ilgifted, atthe value to th8 Ch¥filyon re¢eipi Depreciation is calculatgd al a rate to write off ihg cost lessestimaled residual value oltangiblo fixed assets over its tIP8cl8d life. COmpu￿r Equipment FixiJre$ 8n4 Fityng$ 3 years 3 years stocks andwork In progress Goods or services provided 8$ partofa chariLqble 8ctiVity are measured ai net reali$able value based on the seYvi¢e poieniial provided byilems 01s￿ck. Debtors (including trade debtors and loans receiwablel are measured on Inibal recognibon alselllenEnl amouniaft8r any trade discounis oramounladvanced by the charity. Subs8quenUy. Ihey3re measured al c3sh oroiherconsid8rabon expecled lo be received. Oebtors Cashand cash eqUThfaleDts Cash and Cash equiv81eni$ Include c¥$h In hand, deposits held ai call wilh bank$8nd Other Short-krm liquid inve$tsneni$ with original malurilies oflhroe months orless. ANNUAL REPORT & FINANCIAL STATEMENTS | 28

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2022 Note 3 Analysis of income Lknre5tricted f￿d8 Restricted Incc•n8 l￿d8 Tc*al fund Donatlons: corporat￿nS Indwiduals Icrowdfundingl Large Trusts and FoundalK)ns Major Donors Small Trusts and Foundali)ns Donated goods, f8cilrties and serV￿eS Gift Aid Other e.g. Events 63,884 665 337 339,271 738 403,155 666,075 5,363 21,769 27,132 81,724 2,558 26 1,227.858 2,558 26 818,892 Total 408.966 Charltable Activties: charitab￿ Actwt Total Other trading Merchandise activities: Total 2,327 TOTAL INCOME 821.219 408.966 1,230.185 ANNUAL REPORT & FINANCIAL STATEMENTS | 29

NOTES TOTHE ACCOUNTS ICONTINUEDI FOR THE PERIOD ENDED 30 JUNE 2022 Notg 4 Analysis of gxpenditure Unrestrlcted funds Restricted Income fund5 Total funds Expgndituro on raising funds: Fundrak%ing Pronv)tvJnal 13.043 13.043 webs￿ Costs 7.068 Total expenditure on raising funds 33,183 5,238 38.421 Unrestricted fund$ Restricted Income funds Totsl funds Ex￿ndIture on charitable activitios: FUr￿8ri Charitab￿ ob'ÈctDI8S Bank Charges Cornpuler & Internet Consuttancy Costs DepreciatK)n Directors Remuneration Entertaining Equipmènt lèasin9 Exchange Rate VarLance Heath & Safety Insurance Payroll Expensas Recruilrrent Tax, Nl and Pensk)n con1rbu￿ Training Travellng expenses TherapueiL Work.. IndIv￿Ual Sesslons TherapUet￿ Work.. Biack Trans Foundation TherapUet￿ Work.. Workshops 77 2,009 77 3,359 25,878 402 21.415 559 108 68 722 1.036 115.935 450 1,350 24,938 402 21,415 559 722 1.036 115,935 450 5.460 546 546 5,261 b32,b2Y 8,695 157 5,261 b14,191 8,695 157 nc Audit & AccoLJnting Fe8s Officè & AdministratK)n profess￿n51 Fees 36.563 36.￿3 100.162 100.162 Total eX￿ndItUre on chariiable activities 312.222 650,320 962.542 ANNUAL REPORT & FINANCIAL STATEMENTS | 30

NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE PERIOD ENDED 30 JUNE 2022 Note 5 Tanglble fixed assets 5.1 Cost or valuation Computer Equipment Total At the beginning of the yaar AddrtK)ns 4.143 4,143 RevalualK>ns DistM)saLs Transfers At end of the year 4.143 4,143 5.2 Depreciation and impairments At beginning of the year DisFK)saL% Deprecbton Impairment Transfers 402 402 At end of the year 402 402 5.3 Net book value Net book value at the beginning of the year Nel tKX)k value al the end of thA yAar 3,741 3,741 ANNUAL REPORT & FINANCIAL STATEMENTS | 31

NOTES TO THE ACCOUNTS {CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2022 Note 6 Details of certain items of expenditure 6.1 Fees for Audit of the accounts Thi$ year Auditor Fees Other fees Note 7 Debtors and prepayments 7.1 Analysis of debtors This year Trade debtors Prepayments and accfued income Other debtors Total 27.353 Note 8 Cash at bank and in hand Th1$ year Cash at bank and gn hand Oth&r 132002 6.380 138,382 Total Other a¢wunts held indude a ￿gacY attount hekl under BMMUK Ltd. under board a9￿￿eft￿nt to be dosed and the fund baLgnce to be transferred to the cU￿&￿t 8C(x)unt. Noto 9 Creditor¥ and aGGrual3 9.1 Analysis of creditors Amounts falling due wlthin one year Amounts talling duè aftor morg than onè yèar This year This year Trade Grgdit(xs Accruals and deferred income Taxation and soc￿1 securty Other creditors 9,451 8,950 2.152 3.193 23,746 Total ANNUAL REPORT & FINANCIAL STATEMENTS | 32

NOTES TOTHE ACCOUNTS ICONTINUEDI FOR THE PERIOD ENDED $0 JIJNE 2Q22 Note 10 Paid employees 10.1 Stafl c￿t$ 1B Months to 30th June 2022 8AlarfeA and wage So¢ial cosi 115,935 Empltsy•Ys Allowanc•121122 & 221231 18,1961 Total Stafl costs 140 employees recdved employee benellts lex¢ludlng employer pen•lvD costs) lorthe reportlng perfod ol more £60,000. Blac Mlnd Mattèr Nglgtw#d a• an •mploy•rfrom 1t Octobw2021. ¢o¥¢s ar• rnpr•gthtatlY of nln• month$ operatlon, wlth Penslon dutlès ￿MMen￿n9 1st FebruBry2022. 102 AveragB hpad CO￿1 inthe year Thi¥ y￿r Numbèr Total 10.3 Pènlon Schèmo Thè charty owratè$ a 4VDrkp¥ce Fn$loF) se￿￿M￿ and 8mpbyees werg ènrolw and gIV￿ thgoptk)n to optout $0 vAsh. Th& charty p3th1 empknyer cOntrthth￿S totaiiro £1.887 dunw the fin8noLql year on behA￿offve￿￿k)Y8ÈS, commenc￿0 February 2022. and Ihts a￿nI Is recogrI5ed as an expense ￿ the Slalementof Financ&3lklw￿e5. Noto11 Tran8actk)M ￿th trustees aNJ relatèd partles 11.1 Tru8t80 r&mUr￿￿9t￿)n 8ThJ LMflts None of Ihb tru51bèS havb bBan pahl any remun8rBlk)n cr racar48d any olhBr benèfts from￿ wnpbyThntwth th￿r charity orA rb&tsd bntity. 112 Trarbsactionlsl with febated part￿$ Thts yéar Amount$ tt•n OH durfng Poftlng pédod P4he of the tNst•• or rnlat•d party RelBllonhlp lo charfty Degcrtptlott of th$ trnnsActlonl$l Amount d•bts at wrfod ènd Directo¢s Remunerat￿￿ rolc0mn￿¢ln Expènses ilcurra durirKJ Inrt491 char selu rÈ5 Mwakatuma Fwnder and CEO r5 MwÈkalum8 Fwnd¥ and ¢EQ 11.3 Fl£lal£d party tranBaGkns Durw ihe year eiack Minds Matter receNed ￿)￿0 kgalsupwxtof £81.724 for reg151eMg Ihe Gharty. Th￿ amunl has been reGOgnised In the aCc￿ntS as InGorne with an eq￿v￿￿t amunl recoynised as an exp2nse for the vabje olthe In supptyt ro¢wed. ANNUAL REPORT & FINANCIAL STATEMENTS | 33

NOTESTOTHE ACCOUNTS ICONnNUEDI lor•iTd FurtdftTh ThEr rrN rw4 HAM lu RB51r￿￿￿fiJ R&uLWw Th CD3 71.kAI Th nGlUsL￿thL RBS1r￿knI￿fijr￿ ThBr F3 Tw3 Tr￿n￿¥ iTrFourthl C￿￿r￿5 IRr51rs￿-> I1.￿) tedt01￿￿ 1.534 Dwrs $￿1T.LEtSJn￿F1￿nts￿6 Réstrtledtrj1￿d 01r*rF￿lr￿ted T0￿Fund￿ ANNUAL REPORT & FINANCIAL STATEMENTS 1 $4