50.50 REPORT OF THE TRUSTEES AND FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2023 50.50 PA•ILIArnENT
Page R•port of th• Tnt••• Stat•m•nl of IlnAnclal cll¥lll•• B•tsn¢• •1 Nol•• to th• IIMnelol •tst•m• 9-13 Ind•p•nd•Dt •x•mln•rf• r•port 14
R•port of th• Tn•t•o• for wKl•d 31 D•cembor 2023 The trustees are pleased to wesentttir rewl twer with f19] sknnts ofthe chanty the year ended 31 Decents 2023. The financial stslements c¢xftW Charibes Act 2011, the thaiity's constitution, and ACCOting and Reporbn9 by chart1. Statement of RecommerKled praCe applicable to charltbs kyepanrfj their aGGounts in Wdan trt Finan RA)JtsThJ applb in the UK and Republlc of Ireland IFRS 1021 l•ffecUve 1 Jarwjary 2015). REFERENCE AND ADMN18TRATION DEfAIL8 Chartty regl8tr8iion number. 1195583 Pn"nelpal addrem: CEO.. LYne Nichdl (from Nor 2023) Bank. CAF Bank Lined, 25 Kry8 Hil A¥enu•, Klrg• Hil, Wèst MallbrKJ, Kent, ME19 STRUCTURE, 130VERNANCE AND IIANAGEMEwr Th8 eharty ia o chori16 Irthwaw ory•ni••li¢)n (CIO) 9o¥wMd by it• COti9n d•t•d 20 August 2021. TM ¢h•ity w rW•r•J tho ch Cynml••lon on 20 Augusl 2021. Th i• 9ovemed Boord oltru6tee8. The Bowd meets qjarterfy (and more often réqulmd) and détid88 on th• $trgic direcon Ihe thArity shId tske, the perfomMnc• tsrgets that should ba set examims th• r9nt xbvibu •nd port1 rfth• S1. Th day to day ¢wratnI of th• charity arn ¢j99ted to the CEO. R•eruitm•nt & 0ftr1¥ Tru$t•¢$ r8cNtted In nIuncl10n Vllth ongolng needs and Jklls 8n&tysl8 to iYovOde balanced and Infomwd govemarte for the Chartty. No less than three persons may be elect•d. Thé first three tru8tee# vre appointed for Varia terrn oflAwJ to fow y•ars. app.nIm•n10 ar• agr•8d by the trustees ft)r a fixed lemi olthreg Yr$ afterwthlch trustee8 may be rfrele(ed. Fr8e$ Scott. th• F¢Junder of 50.50, 8tepped as Dlrectt)r on the ¥w'ntment of Ihe tharty's first CEO. Fr8nees wa8 then appolnled as a true c#) 27 2023. Rhk managom•nt The tru$lee$ have a duty to hyèntify ¥#Y thè to tAthich th• charity is e>g08ed to en$ur• appropriate controls are in PL to WKle rea8on8 asswarKe again¥t fraud and error. The trustees meet regula and a5se55 any risks to the Charity. A Risk Regisier h8¥ been develored, the ntenl of whKh is irrfDtmed by LUtta* the CEO, staifand the Board. Thg Rl$k Reglster 18 monitored by the on a rngulw 1>a.
Rep(xt forth• y•arthxl 31 D•c•mbw 2023 trustees smd dunThJ the year aNI to Oate ofts retMJtTAVe: Btk8hra Ahmed {appoinW 22 Mwch 2023 Susan Bright. Chair Amanda Carpentsr Ireslgned 31 May 2023) Cardlne Pndgeon (appoint tr a newtenn C 24 2ff23) FranGe$ Scott {appolnted 27 Novemb8r 2023) Bdan Swrtkno A8h8 Wa$hlngtoTr Jonèj {•ppoh)t•d 25 J•Nary 2f23. 4 D•(thr 2023) Carol Ann Whitehead OBJECTIVE8 ANO ACTivmE8 Th0 oblocts of 50.'50 81 ut ¢xrt kn its •'. The allnml cl •qu•lty •A¥J dl¥•rnty. kn pArfhxl•r b•lwn and m•n •rKt to dimln•l• nd•r dlKrfnYnaUon for tha bgnofft (lthcxrt Hnlt•Uon) l. R•l¥lng awwen•M ¢1 1 I¥tr of dlB(¥knth tho UK dom0 rw••ff •ykn •t lo¢•l, r•glwl •nd n•tkn4 l•v•l•: 2. Raising awar8ne88 ofall aspe¢ts ofdlarylnnaIk In ¥0• ty w110n0,loCtUrn8, u8• of tr 3. Providlng gr faGilltdry tho wovknlon ofa8sOthnce to or Lynlutlorn irKILvJww (without Ilmftayon) thrOlTh tr86nlng, atrdlce N guidatK6 to en•bl• gY•at•r parbdpation by Yxnon (tIKw g•1f. tdèntltylng a$ wnmen) In the UK l•gNl•tUTe and r•w•o•nkn dmNatlc woce88. Pubme b•n•fft The tW8tees hqve CObry>l th• duty in wcl)n 4 ofts 2011 Chathi tr) httve due regard to guldance publi¥h•J by tho Chartty ComrntSGk)n. Irthdlng publk ljenent guIdar. The tru8te•$ have reforrnd to the Charty general guld•fKe on when r•vihing Ihe dwlty'• alm and oblecttves and in ptsanrty acts¥iil•¥. Tho chorlty fvrthorn Its ctwlthbkn pu8 for Ihe l)erfft ty rnislrwJ w•rnJeneJs of d18¢rlnlnaiion 7llhln the UK demoerti repreg•nt81ion 8ystsm and in so¢fy thrtyjgh tho u80 01 m•dla and $peakn"ng engagements. as t1gIng and 8llPWt'r& Vbvmen to progre88 in politicg at local, regional and levels its •AkHerToStsrKI and SlgnUpToStsnd progr•mm09 by holding events. ACHIEVEMENTS AND PERFORWE During 2023 over 300 have dked WUpToSland on the 50".$0 yb#e. ThiB brty8 tho total ThUmr oflwmen in 50.'50'9 'sigfvw>' to over 3.000. These T4wrrn received an InddY41 profil• to trad( their progre¥B. TPW aw) ¢e1ve invilation$ tr> monthly party4peGifi
R•port olth• TnMt••• trth• yr WKl•d 31 DKemlxr 2023 Lfyie Events tn¢luded.' • 50.'50 LNe In Parfiament on 1 Marth for Interna Women's 2023- h¢JSted by Vicky Ftrd MP. Speakers Sr Lkndsay kkny. Penny Mordaunt MP. Karin Smyth MP. Wera Hobhouge MP. Haniett BakfrM"n MP. Aletha De-Frellas. Fetr9 DTeckn of Pow and Resarch. 50'.50 Parliament In VkntrrrinstsrforAsk HtrTo Sland Day 2023. Speakers were Cardlne Nokes MP, Guy OFpemwi MP, Sophia Ihx&au. Deputy Le&Jer of VIEP, Sarah Dyk• MP, 08watd MP. Vthiia Akin$ MP. Dr Ch¥k)tte PrcrtKlrrwi. zack Polansko. Deputy Leader olthe Grn Party. Vkleos of wport w•rn made by tho Prim• Mlni8ter, the Fir8t Mlni$ter, the Leader ofthe Oppotyknk and the Lelor ofthe Llbwal D¢mOu. Ttu$ attracted 178 slgn-UPS. Other events Includ a Fundraiser called Vltsmen hAists'. FgOtten, E¢lp8ed. Révb48d, an onllne event to recwit wjmen veterans to Stand fof off. ho8t¢d by Doltry ¥•n Tullkn Salute Her. Speaklng ¢ngagements IUded at the Institute of GovernnnI and Poly and the London Busine$y S¢hool {LBSI and thè Frenth Embassy. [fferenty Podcast- an Interwew with Frances Scott. the 88ri•s alw featured W1¥efSati wllh k18pr.ratiaI induding B8rone88 J•nkln. Marsha de Cor(lova MP, BareSS Warw. Wera HObtSe MP and Lut8a PItt. ThlB 8èri•$ alms to Inftwm and in•pk• KMn•n to 98t pohtw •clive way thdr lifestyle commodates. 50'.50 8180 had rewe)tsfv •t all mw Paty 50.'50 launth•d Ih•'Be a Counclllorf Ffograrrffie. furxled ty the (3O¥eMrrt AuocLqtlon, to In8plre 4rne to stand as local counulhy¥. This progrnrrTh• 178 Kimon rnglBt•r, 72 attend and 38 Indlc&ts they ¢uld seek to st as a kne•l ¢ouncllkx. Over 100 women 8upport•d by our fr5gnthy network ¥tood In tho Lo¢AI E¢tIOnS In 2023. {12150..50 8gnups stood. 32 of those ¥• their Jeats.) 50..50 andy8ed the Lttal Elecllon dats from Democracy Club and estimated that Kirrnn acCnted for 34% ofcndidate8 37% of th08e seats. FINA14CIAL REVIEW Th• Income olth• ¢h¥ty am¢Mmtsd to £73,740 4lh n•t incryne ofU13812022.. In¢om6 01£122.747 wlth not income of £32.4861. R•MrvM pollcy Th• policy of the tharity a* at 31 December 2023 to have free eryes ofsrx months, minimtjm operating costs to fvnd its w)rk {offrenty budgeted 8t £33.2951. Unwtricted reserves at 31 December 2023 were £34,62212022.' £26,409). As at 31 L)eCern 2023 the assets of the charlty •re considered adequate to fulfil ils ob1w8 and ts trustees cuthrthe State of our finan¢ial affairs to be 8atisfaGtory.
RptaIth? Tnat••s f¢Yth• Yrd•d 31 DK•mbw 2023 PLANS FOR ThE FIMJRE 50'.50'8 focus ha$ now tumed to the next Geral Ecti- an additKfflal 100 women MPS need to b• eted to a¢¥e a 50:$0 Wemir. 50'.50 will ownue to monitor cwdi¢Jate 8eleclions and offer ThEntorirwJ or t..le SUPF¢rtto th0 are soeking to stand. 50.'50 111 9180 offer avenu85 ftY)men to Iheir krv •KI netwo$, thi8 election, in preparan for th• next¢i•(aion. 50..50 plans to spend the next election cyde in thè folkyAryng three ways.. conlinuino to Taise •warenes8 ofthe gender imbalm In PwlianRnt and ek(Xed t<¥Js thmwJhoLrt the UK and why it 1$ problem.. inwring arKI re(xuiiing to starKI for elected offu", and revlwm'ng way8 to break the bgnioT8 to eleded offlc¢ lor SO:60 alw use th time to our net¥w)rk8 and spher• of influw. TRU8TEE8' RE8PONWWLme8 IN AELATkW TO THE FINANCIAL 8TATEIIENT8 Thtr ch•rlty trust•M for $tee$. •nrwal r•ixvt aThl Ilnanclal 8tatemert8 in accordance vAlh aWlc•bl• law and Untted K¥Wom AlIng Stsndard8 (Unrted Kingdom Generalty ACpted ACC(ntIng Pracllc•). Th l•w awkable to Ghorltiu In Eng1 arKI Wale8 r•Wr88 charfty Inj81 ts prepar• lknan¢ial staloments for èach year ¥thkh glve a tn and Iw v4w of the 8tat• of affairs of th• ¢honty and of the Incoming rtwurces and appllcaloon of resIxx. of tre d)lty forthat peFl¢Jd. In prepaflrwj the fknand81 stat•T, trust are rnred to.. 1•le¢t 8ullthe ace(ymtlrq and th th•m conthtenty,. obse• the m•thod• and princl)lo• In th• applic4bTro Ch•rill• SORP., mok• Ivdgoments arKI e8timate8 that are rea80nab ar•J wudoit state wheth•r applkabl• a¢Untsng stsndards have be ICA)d, 8ubl•ct to any matorfal departures that must be th'sdomd aThl expla1 in the finandal statement8.' prep8re the finarKlal statemènts on th• goiry conewn bo8 unléa8 it ij inapproprl•t• to ••um• that lh• ¢lwty c¢)rtSnue tn blnes1. Th• ttee3 are respob1È k•wx'ng propw rnc<d• thjl dl•cle4o lOnabl0 •ccuraey at any time th• finwKMJ po•lkn ofthe clwnty and to enable them to ensufft that the financlal statsm•nts compty the Cttsrrtkns Act 2011. the •ppk•ble Chities •nd Report81 Regulatbn8. the FY0ViSi5 olth• ¢ornts1U. ar• ¥lBo reapon•lble for 88feguarthng thè as#ets of t antt roa8onth •tepi for t1 and of fraud 8rKb othw irrn9ul¥itiu. The trJ8te88 ¥e SpOn3f0lé forthe maintenanc and integrity of the Chadty and fln#nctal Infomation knchjded on the cl)arty'8 web8rt9 in aCCd¥e wlth1¢gBLaOon In tr Unlted lfjn goveming the preparatkjn and dls8emlnattLM of finar#Yal statemerbts. Approv•d by tho INt••8 and 8ignod on thelr behalf by usan Bright Chalr 16 JY 2024
Totyl Tothl INCOIAL. 120.4J4 1,414 870 E¥ert8 B•nk 1.414 875 216 TOTAL IIKQIIE exptNDmJftE: CEO & CaMn GI0rr Prov1 ol •thk• & Ev•n16 cJnmunitiQnI & CIM Prfnting, post896 & ot8lfvx Tra¥ InwJrnn¢• & profw8knn•l Fur¥Jralsk¥ rT &w•WI• cty untwcy IndoF4nttent f•• B•nk ch•ry an2 8.754 3.621 29.323 13.324 10,2T6 17.496 2,39 Jz3 1&324 14275 17M98 a.399 214 123 127 2,280 44 13.454 1139 176 3.149 212 214 123 32T 2.280 3.013 183 18) TOTAL EXPENDITURE NeT INCOIIEI(EXPEMiThIRE 10218 &1101 1118 a077 32,4 NETIAOIEIAEltr wi iuhris TOTAL FUNDSAT 1 WUARY 2ro3 6.077 TOTAL FUNDJ ATJI OÈCEMER 2Q23 Thfr nots8 on p8ge$ 9 to 13 fomi pwl crf thw financial statWT*. The stgtement of fmwKiat Ktsvilm Inchth• all kMeg pwlod. Al IrKome and expendlture derive from continn9 activths.
50.50 Baknn¢• Sh••t *t 31 DKembor 2023 2023 2022 CURRENT ASSEf8 Cash at bank ond in hand 2.761 6,909 39,395 40.319 UABILITIES CREDITOR8: amounts tsllirKJ witrm'n one y•4r Ngf CVRRENT A8SET8 NET A88Ers 10 FUNDS OF THE CHARITY Restrkt•d fvnd# 6,OTT Unmtri¢ted fund8 TOTAL FUND8 Slgn•d on bettalfof tho tw•t• Susan Bright Chair 18 Juty 2024
Statwn•nt of Recomnwvjod applic to ch•th# prying their acwjnts in ac¥ordance the Flnftnc Rep St applicabl• In th• UK aTrJ RwubNG af Ir•land {FRS 102} (effecti 1 January 2019)- (Ch•lU8s SORP (FRS 102)). th• Flnancoal R•porVng Stand¥(l •pplicabl• k7 the UK •nd Republi¢ ot Irelarml (FRS 1021 arKI the Chortilei Act 2011. 50'.50 meets tho definlllon ol a pubk b•nef erltyy under FRS 102. K1 ll•blllli•s are In61101ty rfjcognl8ed at hlstrtal coot or trar••GliM Val unlu8 8tatsd In th• I•¥t accounty note(s). It l the trustees. that there are matww uneertwth rogarding SO:SO's ablllty to ¢onlinue in opwo¥on for th• lty¢s•eth fithTe iaking hrto &c(yJrt all Wallab infomiatlon, and have ndthor tho irrtthkn nor ts ne•d lo Iwlalo matttlolty the 8cale of ib the tharity'• fin•rthl po66tlon lor Ih Grynlng yw are •attthd th•t ttle charty wlll have Tru¥t from thom gr)t fundng wa• avMd•d in Mwch 2(r23 for th• folStrkng thrM yegrn and through the Iln•noal support ol"FtsndJ of 50.'5¢r. Further gmt funthng vlit be #ought durlng th• comlng year. general objocl¥e8 ofthe charty. grant awwd tho temN rfan •ppo•l. c} I trmm• h Inthdod In the athnt oflkwthl xO¥ll• the fi• •ntiYed to th• Exp¢n¢Jlturn18 recognlwl on •n b1# al a I1•bi kn hy)md. It i• rnpwt•d M p•rt of the experKliknro to vthkh tt rel•t6•. Tradè and othor d•btorn am reowiMd at thè •8Ill• •mwnt duè aft•r any trad discAiunt [*r8d. PrepayThwts are valwd altho an¥JUTrt Fyepald net ofany trade d8Munts due.
ACC hAt Cash at bank and osh in hand hKJdes calh ghxttwm hlghty Iquid irNe8tsnerrt8 ith short mafvnty ofthw ThM)rblh or less frDm de of wulslllon or wniro ofthe deposit or ¥lar acc Creditors or? rn¢ogni¥e(I the (wity has a wesent oblIga re8uMr¥J from a past evert that will probabty resuli in the transfer of fijnds to 8 third paity and the anUnt due to 8etlle the oblvJat6on be measured or e8ts"mated r¢liably. Creditors are nomalty r8¢ognl8ed at thelr 8et¥•mont amount aft•r 1(r1ra fty ffj trado due. The charty makM avallablo to al emth••s a d•fin•d Contr1]Qn ponslon 8th•mg oyrat•d by NEST. The pension costs charged to tho Statwnent of Finandal I£¥6tte¥ repre8enl the •rTh)unt ofthe cc#)trilxJtiorrf P#bIl to tho In relm ofts xcountlng pertod. Fl The charty ho9 tsken a¢frant•g• olth• •x•MFrtI1 frDm propwlng a cash flow •t•t&nent In •0rd•ne with FRS 102 the b Ihfftt * quth u • WTNg11 enttty. $0.'5018 o rrfl8ternd chwlty and as SLth its in(xxrn and gdn8 I11 wlthln Seckn$ 471 to 489 of th• Corporakn Tax Act 2010 or S•¢tion 256 of Taxat of chargeab Gain8 A 1992 are exempt from corporatson lax to ts oxlent that thoy •re appllod to h ¢haritabl• Obj•cU¥. Net in¢om•llexp•nditur•) il •tat aftw Year ended 31 D•cerrl)er 2023 Penc(l end•d 31 D8cembgr 2022 Ind8pondent Examk)•f• f•• 720 720 On 31 M8rch 2022, all assets. liamies fijtwe activibes of 50."50 Vlom8n'8 Equalty Limlted werè transferred lo th# Charity. Included in unrestricted gfanl8 don8 income in 2022 was £15,653 reiatlng to the vansfer ol funas. In allaffn a £6.131 ol grant funthng defèrrod by 50.'50 Women's Equality Llte(l at 31 March 2022 vrns relea1 to r8strKaod gmts and donations Inc£n by the charity durin9 the perK*J gnd&J 31 December 2022. io
Year ended Period end8d 31 December 31 D8cemlJor 2023 2022 Wages and 8ala Social wunty co$ Pension costs 5.192 156 S.348 Staff co8t• above rel•t¢ to the key mBwd9wn•rt W8mil rfthe dwlly. Th• average wmber of tytaff •mpw duriry Ihe y•or 0.17 {2022'. 0). Thw• TA•m no employiJ88 w6th emoluments exceeding £60.000 pw amum IIN y•ar (2022: none). TR 8'RE NERA Durlng the year a totsl of £213 was to 2 trust ro#rtrn8nl ofcosts pald on the r•,8 behalf and travd exEn5 <2022.. £nl. No trustee rocelvad r•munwatlon in either p. TO Year ended 31 0*mber 2023 P•rfodend8d 31 December 2022 Tradè debtOTS 6,699 210 Yoar endejj Pericxl end•d 31 C)ec•mbèr 31 D8o8mb 2023 2022 Other taxes and so¢lal 8e 3.060 874 InGlud•d n credltorn atM is (kfwr•d IrKiyM rekllry k• IrKcrfne red kn advance for events trj b• hold in thg following fn•ndal year as IdlM.'- Tr•n•f•rr•d from 50..50 Vknmen'• £qulty Limitèd.. Grant fundirvJ carri•d fmrd at 31 M1 2022 Rele•sad to SOFA In year 131 li
Notrs to tho ACC for th• yearondod 31 Dtt•mber 2023 NCIA MITMENTS At1 January Inc(Mn• ExP•ndm Trnrnf•rn At31 DKomb•r 2023 General fiJnd$ Joseph Rowntree Chitsbl• Tru 28.409 14.411 49.990 261 (54,4161 {2,033) 39.048 14.4261 155 033 At31 L>ocwnb•r 2022 Goneralfunds 28.1 (1.6) 26,409 Tr•n$fer• bgtVpon funds repreBent the trarntsrom unro¥trkW tundi to covw flnal deficb at PeLl completion18ee note 9 belom). A131 D•c•mb•r 2023 J•nuary 2023 Comlc Rel1- Equal P<Tr Joseph Rowntree Cttarltabte Trust 2.167 3.910 (3.6881 <112581 {2,$09) 1.521 612 6.836 17 033 Oec•mb•r 2022 COMK Rel1- Equal Powgr Joseph ROWntr Ch8rt8ble Trnjl 12,830 81.908 (10.663) (Tl,998) 2, 167 3.910 Re8trf¢t¢d funds GanrJ8t offuThls gl¥en ty a to be ¥ent (m SP c catsgoth of expenditure. 12
io. BETWEEII FUNDS Net 31 Decemb 2023 Unrestrictsj fvnd$ 34.622 34,822 Net nnI 31 De¢gmber 2022 UnreSttsd lunds R•strthdlunds 26,409 28.409 Durfng tho yew, tho Crty r•¢•lv¢d donath from relaled p•tles totsllng £2,05512022.' £5.8451 Durlng I year £11xI was PaKI to TheZd)ra Partnw¥hlp Limited of *thich Carol Ann Wh4tehgad Is Managlng Dbrxtor for r¥imbur¥emt of travel gxp•n•e8 and 2 trustees recelved 8 total of £213 tr relmbuT8ement of trav & offK• expn•M12022'. rK) payments V•Yre made to related pwuei).
Independent Examiner's Report to the Trustees of 50.50 for the yoar ènded 31 December 2023 I report lo the trustees on my examination of the accounts for the year ended 31 December 2023, whi¢h are sel out on page5 7 to 13. Responsibilities and basls of report As the charity trustees of the Trust YOU are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Act 20111.lhe Act,). I report in respect of my examination oflhe trustee'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 Charlty Commission under section 145(6)Ibl of the 2011 Act. Independent examlneffs statement I have completed my examinatson. I confimi that no rnaterial matters have come lo my attenlion In connection with the examinalion giving me cause to believe that in any material respect-. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 121 the accounts do not accord with words.. or 131 the accounts do not comply with the applKable requirements concerning the form and conlenl of accounts set out in Ihe Charities (Accounts and Reports) Regulations 2008 other than ary requirement that the accounts give a 'true and fair view, which is not 8 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 rewt in order to enable a proper understanding of the accounts lo be leached. Paul Baker FAIA Applied Accountancy Limited 50a Clifford Way Maidstone Kent ME16 8GD Dated.. 161h July 2024 14