REGisfERED CHARITY NU.MBEIL. 1194853 REPORT OFTHETRusfELS AND iJJ¥AUDTfED FIPIANCIAL STATE.MENIS FOR THE YEAR EYDEDAIJLThE 2024 FOR THE EQItITIX FOUYDATION Berringen LLP Lygon Ho 50 IA)th Ro BnNTh]ey BRI 3RA THE EQLrrix FOUNDATION coiYrLYfsoF THE FYNANCIAL sfATEMENrs ror the yt8r ended JO JuDe21124 RefeTeuee and adminiYtr41iv¢detsiLq Report 0rthetr￿5te£& Independent report atemeDt of fiD•nci•l #¢liviti BAlxnte sho Notes to tbe fi￿%￿¢111 statements 7 to 11 Detailed statement of *thides 12 THE Eourrix FOUNDATION REFERENCE ADMJYISlllATIVE DETAIL fortbeye4reDded 311 Jone 21124 TRUSTEES GAJack D Rose HB Cr05sley MA Bry￿ {app)inted 16.1023) G W*lsworth (apw>inted16.1023) PRINCIPAL ADDRESS ird FI[K￿(S(M￿ Bui 21KI Aldersgate Stre£t LA)ndon ECIA4HD REGisfERED CHARITY NUMBER 1194853 Lygoll House 50 Ro Bromley Ka]I BRI 3KA SOLICITORS ChaTl&s Russell Spruhly5 Lt 5 Fle¢t P THE EourrL¥ FOiJNDATION REpoirr OF THE TRUSTEFS forthe year endtd 30 Julle21J24 The trnst¢es present their rew)rt with the fiTwiciai 5tstements of th¢ th￿lty for the year ended 30 June 2024. The ¢¢$ have adotthl the provisions of Accounting and RewwtI￿ by Clwitie5: Staternent of Recommended Ptacti¢ applirnble to ¢harities preparing their XCAXmts in accordar￿ with the Ftnxitl Re￿]￿Trg Sta￿J￿ applicable in the UK and Republic of Irel￿ IFRS 102) (cffecttve i Janw 2019). OBJECTIVES AND AcfAVTnES Objeetives and iims The Charity is a Clmitsble InLxKwthd OrgwisatiorfCIO). The Cbaritys objert& as sd out in its Constitution. are to advan¢e any such tharitable (*cordin8 to the taw of Engla￿1 at¥J W*) &s ts Th￿¢¢¢$ see fft fiDm time to tim¢. Publit benefit The Board of Trustees 14ve had due reggTd to the Charity CthnThi&%ion g￿l(knee on public beJJefit and have eomplied ith the duty in section 4 of the CIwiii¢s ALtt 2011. Our ¥tivits¢s ale all in IiT* wi(h OUT objeLtive5 and atms and wholly forpublic ben¢fiL FINANCtAL REVIEW Flnanelal The Charity has forneil to pursue its charitabk objects by m8ki#ggrnnts tookn (wnisatK)ns. Total incane of£258,623 (2￿23. £185.382)WBS re¢¢ived duriDg theycar. Ih]ring tht yearcharttable grants of £l22.057 (2023: £1(Kl.945) were made todwitsble ow1￿10n& Reserves The level of resetves that the chority ￿h1 to have is revi¢wol ￿1￿lIe￿IlY by to ensure th2t it still refie¢t5 ¢wreTrt charity develoF4nents. stRUCTLTE, GOVERPIANCE AND MAliAGEMENr GDverni￿g docum¢nt The Cljarity was regist&ed wtth the Clwity c￿￿nI￿10ft ￿ 18 June 2021. The Charity is governed by Tts Collstitution as approved by the Board of Truste£s. Induction traillimg of trustees As requir&1 in the CotL5titution, Tn￿teeS are apTK)iOted at pmr*rty convena meetings of the Board of Trustees for tem of three Yea￿ The TTUStees consuk with ith Senior EXtr￿1Ve team at Ewitix to det¢miin¢ suitable carmlidates for the New Trn5tees uthgo training th tffi¢f than on auy legal obligall¢M￿ undw dmrtty law, as well aE Matte￿ relating to the Charity irKluding its Co[L%titutio￿ thision making prwtw I￿51nesS planoingand fjnancials. Riqk TnaDxgem¢nt The Trustees have a duty to identify and review the risks to which the dwsty is exFrf)Kd to ¢nsure appropriate contro15 ate in place to pn)vid¢ reasonable assur￿ against fratyj attd Qror. StATEMErrr OF TRusfEES' RESPONSIBILTTJFS The trustees are responsiblc for preparing the Rep)rt of the truaees and the financial statements in ¥cordall¢e with appli¢able law and Lnited Kingdixn ALwunting Stsndards (Unitrd Kingdom CTherally Accept•l Ac¢A)unting Pr￿ti¢¢}. Page 2 THE £ourrix FOUI%DATION REpoKf OF THF. TRUSTEFS fortbtyear ended 30Juthe 21n4 srATEMEYT OF TRUSTEES, RESpoNS￿￿mE$- continued The law applicable to charities irt England aRd Wale4 th¢ ChaJittes Att 2011. Charity {Accotmts th Reports) Reg￿atiOnS 2008 and the provisions of thc biLSt deed rwuires the tru4ee5 to prepaxe fjtHieiai 5tatement5 for each financiai yeor which give a lrne and fair Yiew of the state of affaiE3 of the tharity of the tnwming resources #nd 8ppli¢ati¢m of resource5, including the iDcome and exr*￿1]b]r& of the ch8Jity for that In preparing th)se f]twiGial statement% the ttWte￿ are requirtd to selcct swtable xcounting wliGi¢s alxl then apply them co￿l￿y. obserye the meth￿$ and principlcs in thecharity SORP. . make judgements and estitnates that ate re¥Amble ￿ Prud￿¢ prep&r the financial statem¢tts on the going concffli b&sis it is ID pre5um¢ that the chality will Lxmtinu¢ in knimess. The trustees are rtsp)n5ible for keeping prow ¥o)ur)ting rccord5 which dtscl(w with reawtthle &xurdCy at an), time the financial position of tk charity alw] tt) enable th¢m to enswe that the fin2nciai statements comply with the Charities Act 2011, the Chartty {Accounts and Rep)rts) RegulatiODS ?008 and th¢ wvision$ of the trust de￿. They are atso ponsible for safeguarding the assets of d￿lty aThJ hellce for tskiDg rtwnable steps for the prcvffltion and det￿tion of frdud alld other irregularities. 16 Awil 2025 Approved by orderof the boardof tslL*eson ..........._._........................-. and on its lthalf by.. HB Crossley- Tntstee Pa8e 3 1NDEPE1YDEP￿ LXAMINERS REPORTTOTHE TRusfEES OF IHE Eoijrrix FOLThDATION tndepeRdffjt examiner'5 reportto the of Th¢ Equitix FouThJatioD I rewrt to the c&￿ity on my eXaminatic￿ of of The Equiiix Ft)ulldatioD (the Th￿) for the year tuded 30 June 2024. R¢stwsibi]itle8 and b&vis of re￿rt A5 the charity tn￿teeS of thc Trust yoll are TE5V>Dsible for th¢ preparth of the ￿La)Unts in a¢¢ordallee with the rquir¢m¢nts of the Charities Act 2011 (Ihe AL2). I report in rB5pect of my ¢xamin*ion of the Tru5Vs rn carried out UTHler S#tb)n 145 of the AL* and in ¢8￿ing out my Lxamination I have followed all appli￿￿ D]r￿ts by the C￿rity Commission Section 145(5)Ib) of the Act. Independellt euJDinerf$ state￿¢￿# Sillce your tharity's gTOSS income &xeethd £250.(th your ex8minEf must k a t1￿mEer of a listed I￿y. l confim) that qU￿lfied to undertake the exa[nIn￿ b￿a￿e I am a m¢mber of the IllstEti￿ of Charte￿d Accounttnts in E￿gI￿ and Wa]e& wbicb is oneof th¢ bTrJTe5. I hav¢ ￿pICted my examination. l o)nfirm that mafrriai Tnall￿5 IBve crffi¢ Éo my atteffitioji in conn￿liOn with the ¢xamillation giving me cause io believe thst in any ma*rial accounting r￿$ WEre n(st kept in rwct ofd* TnLrta8 rtwiled by SedM)n 130 ofth¢ ACL or the ac¢oum5 do not a¢￿rd those rec(￿. the accounts (k) not cornply Trith the applithle r¢¥uirements ttMJ&rning the forni and content of ac￿Unts set (rtrt in the ChaTities {Awunts and Rqthsl R¢guIations 21x18 other any requiremeni that the w)uDts give a tru¢ and fair view which is not a matter collsidued as part ofan iTthrkknexaminat*)Th. I have no concerns a[￿ have L¥)m¢ acro&8 tK) <)thcr matttts in wÉth th¢ examination to which att¢ntion should be thawn in this Tepjt in tthto enable a￿(￿￿derSta￿lin80f the axwtsto k rt￿h￿l. l Allan BS(K Sc FCA The Ir&4itute of Chartercd Accountatts in Et￿d aThJ Wales BeTringers LLP Lygoll House 50 London Road Bromley Kenl BRI 3RA THE EQUITIXFOLryDATION sTATEME￿T OF FtYANCIAL. AcrivrriES fortbeyearended 311 June2O24 2024 UDre&tricted 2023 ds INCOME AND ENDOWMEh73 FROM Lknnatiolls and legacies 173266 117,423 (hhertrthling activitics 85J57 67.959 Totsl 25&623 185,382 EXPENDTfuRE ON Paising funds J16,703 70.504 CharitsNe activiti Grants Supwrt u>sts 122.057 iJ230 I￿￿,945 19.391 Totsl 251990 19).840 ]¥ET tNCOMFJIEXPENDITURE) A633 (5,458) RKCONCllJATION OF FUNDS Total fi￿d$ brought f(Thard {S458) TOTAL FUNDS CARRIED FORWAIID I,175 (5,458) The f(m F•rtof these fmancial sigtern￿ THE Eourfix FO￿ThDATION BAIANCE SHEET 30Jwie 2fr 2023 Total fvT¥Js UDrestrict*J fund CURRENT ASS￿5 S135 CREDITORS Amounts falling due within oneyear (3￿) (5.458) ,175 (5,458) TOTAL ASSEIB LFSS CURRENr 1,17S (5,458) NET ASSETSI(LIABILITIES) 1,175 (5,4581 FUNDS Unrestricted fillJ& io 1.175 (5,458) TOTAL FUNDS 1.175 (5,458) Th¢ finmcial statements apkyoved by th¢ Bcord of TTU5ttf5 and authoris¢d for ..lfj.April.2Q25.............. and were sigt%don its [￿by. HB Cro&%ley- T￿￿e¢ THE £Q1￿1x FOUNDATION r4iyiLs TO THE FIN.4liCIALSfATEMENTS rtsr the y¢4r ended 30 June 2024 Acc0[￿ynNc POLICIES B*8iy•f preparing the financial stgtments The finwial ststemthts of the clwity.. which a w￿11¢ eniity under FRS 101 1￿c been pr* in accordance with the Chatities SORP (FRS IV21 'A£￿￿￿tiDg ard Retxx1ing by Chariu¢5'. StatemcTrt of R￿0MMended Practi¢e applicabk to dwiti¥ prqyry th¢ir attounts in accorda￿% with Financial Rwrting Standard applicable in the UK alld Rwbli¢ of IrElaDd (FRS 1021 (effective l January 20191., Finan¢ial R¢￿ting standa￿ 102 Tr FIn￿la1 Rewting Stsndard applicable in the UK and Republic of Ireknd, and the Charitie5 Act 2011. The financial sta*mellts have been prepared ￿t￿er the historica] cost Ive￿10￿. Income All income is rccogntsa in the Statement of fjrnKial Adivikna8 once the charity has entitlement to the fi￿d4 it ts probablethat the i]rne will be Te(tived gEKI thc anM)Lmt can ￿ ]Deawed reliably. Liabilities are recwi5d a8 th￿t is 8 legal or 0)ns￿Ve Obligati￿ comtntttin8 the Gharity to that expertdiwre, it is tMDbable that a transfer of CCODomi¢ beJJefits will be requiEYd ID 5ettlem¢nt and the amcrtmt of the obligation be mwurttl rclithly. Ex￿dI¢llre is accountré for on an acawals basis and h&5 been classified under l￿dIngS that 2wesate all c05É relat￿ to the Cthegory. Whert Costs ca[￿9t Ix directly attril)uted to parti¢ular he*JiTW knve i*ett all{￿￿ted to *ivtDes on a b&%is c￿¥￿stent with tbe of resources. Grauts Off¢r￿ subicL# to conditThs which have at the year t￿d dat¢ are &s a commitmettt but not a¢¢rU￿ &s exp¢nditu]r. Taxatlon The charity is exempt fmm tsx oll its cb*itabk adiviti Fund 4eeountiDg U]]restri¢ted Lyn wed iti alx￿d￿ with thecharitable obiethvts ￿th¢diScr&ion of thetruste¢5. Restrictd fi￿dS call only be used for parti¢ular resrrict¢d p￿￿Se5 within the objccts of the ch￿lty. Restrictions arise when specified by the d(￿r or Wh￿ funMreDded 30 JuDe 2024 OThER TRADING ACTIVITIFS 2023 Strf)Dsor5bips 800( SJ57 65500 2.459 &fjJ57 67,959 RAISING ￿D5 Raising donation8 &tMI Iyue4 2024 2023 17,166 99W7 14.445 56.059 Ev￿t wsts 116,703 70,504 GRAN15 PAYABLE 122.1)57 l(K>,945 The t￿al gfdnts paid to itK4iknttiw theyearwLs as follo￿. 2024 Bimiingham & &)]itlldl M•)tal Hea]thNHS FIM]Trkn Trust Charity (C4Tit Mind5) Fight for Change Foundation Ltd Norfolk Communily Fouadation 40.685 40,686 40,686 121057 SUPPORT COSTS Governance ¢osts Supp)rt costs 13230 contiuueAI... THE EQLrrix FOLNDATtON for the ye*r ended 311 Jwie 2024 SUPPORT cosrs. Sup1￿ costs, In¢lUd￿ in the 8rc folkn￿". 21124 Sup]￿rt 2023 Totsl tivitics Independent examinatiort Legal & proftsS￿n￿ fees 3,960 15,431 43 19J91 TRusfEES' REMUNERATIOPI D BENEFTTS TIKre were no tnK*es' remunerat￿ w other t*nefits for the year aded 30 JurK 2024 nor for the year eThJed 30 June 20￿. There wer¢ tnthes, exp￿L￿ paid fvtheyearended 30 June 2024 th)r k>rtheye4rended 30 June 2023. COMPARAT￿￿$ FOR THE STATEMENf OF FINANCIAL AcrJvrriES fi￿d INCOME AND EN￿WMEI¥Ts FROM Iknnations amd lega¢ie5 117,423 Other trading a(liviti&% 67,959 Total 185382 EXPENDrruRE ON Ratsing fDnds 70,504 Chaiitsble artivitks Grants sUpI￿ wsls 100.945 19,391 Tot*1 19),840 IYET INCOME/(EXPEiYDrritRE) (5.458) TOTAL FUNDS CARRIED FORWARD (5.458) continued... THE EQUITIX FOUNDATION NOTESTO THE FINANCIAL 4fATEMENfs. t(rfioued forthe ye4reDded 30 J￿the 21124 CREDrroRS: AMOUPITS FALLING DUK IVTTHIN ONE YEAR 2024 2023 Tr￿je Lyeditors 1.498 3,960 5,458 MOVEMENf tN FUNDS Nd ￿￿Vement in futKIs At 30.6.24 At 1.7.23 Unrestricted fu*ds General fill (S458) 1,175 TOTAL FUNDS (5458) 1,175 N¢tmoYtrnetrt in fimd& iticlth in the aFx)vc arE &s follows: ITKoming Rwur￿$ Moyernent GeTh￿l fund (251,990) (25I,99D) Cvmp9rativu for mwement ix fulldy vern￿t At 30.6. At1.7.22 Unrestricted fullds General fi￿d (5,458) (5.458) TOTAL FUNDS (5.458) {5,458) ComrArativenetmovem&rt in itduded inthe aErf)ve are as folloFx" ]M)mÉng Re￿] rwurccs expended Movement in fimds Unrestricted C*￿ra1 fimd 185J82 (1￿.840) {5.458) TOTAL FUNDS 115J82 {1￿,840) (5,458) Pag¢ io rtinued... THE EQLrrLY Fouf4DATION OTES TO FINANCIAL STATEME￿[8-t0￿tiTrlled for Ihe year endtd30June 2•24 A CUEraJt year 12 montlLS and pri￿year 12 montk5 (wbined P)sIti(￿ i8as follows: Net Lovement in fwjds At 30.6.24 At 1.7.22 Unrestiicted full(ts ,175 1.175 TiyfAL FUNDS .175 .175 A cu[￿t year 12 attd prior year l2 nK¥th combined net in f* awluded in the alx)v¢ are a5 follows.. JDwming Resour eiTrended Movement in ￿ndS Lnrestrided fi￿dS GeLeral filnd 444.fy)5 (442,830) 1,175 444.(M)5 (441830) 1,175 ii. RELATED PARTY DISCL(XSURES Duriug the year. a d(x￿tI￿ of £IOJ8 (2013: £13,933) w&% nEade by Equitix Infr&￿tr￿kn thvestments Ltd. On¢ of the tn]stee4 H B Crossley is a dire¢torof this company. Dwing the ye4r. &>nation5 totalling £149,899 (2023: £70J04} wue ma(k by F4uilix One of th¢ t￿￿teel H B Crossley is a diworofthis company. THE EQUIIIX FOLThDATIOP4 DETAILED SrATEmE￿0F FIN￿NcIAL ACllVITIES forthe yarend¢d 311 June 2024 2024 2023 INCOME AP4D KNtK)WMENTS IN)natIo￿$ and kgaci¢s Ik>nations 117,423 Othertrading activiti Spmsorships Paftles 65500 85J57 67,959 Totsl ineomitig re50llrtes 185.382 EXPEi¥DITURE Raising don•tions and ]¢*¢ies Bcokl¢t & ]nagazine costs Eyentcosts 17,166 99537 14,445 56,059 11fj703 70,504 Charitsble aetivitie Grdnts to in￿l￿tiOnS 121057 100,945 Support costs Governin¢e t05ts llldependent examination Legal & professional fees 430 15,431 19.391 25Jg90 190.840 Net incorne1(ex￿Thd￿thre) W3 15,458) This ￿ge Mot fonM part ofthe ststsrtory fJnall¢ia] stskn?ents Page 12