Charity fgylstratlon numb•r 1197666 Company registsatlon number 12914735 (England and Walesl EXIT HATE UK LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
EXIT HATE UK LTD LEGAL AND ADMINISTRATIVE INFORMATION Tru5teos Nigel Bromage Chrss Jones Kats"e Smith Charity number 1197666 Company number 12914735 Rggi$tered office 71-75 Shelltsn Strè8t Covent Garden London Unf(ed Kingdom WC2H 9JQ Independent gxamlngr Mark McLean FCA Thomas & Young Limited Cadèton House 2268 Stratford Road Shidey Solihull B90 3AD
EXIT HATE UK LTD CONTENTS Page Trustees. report Independent examinerfs ieport Statement of finanrial adivrties Balance sheet Notes to the financial ststements 6-12
EXIT HATE UK LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees present their annual report and finanrAal slalèmènts for the year ènded 30 September 2023. The financAal statements have been prepared in accordance with thè accounting poli¢ies sel out in note 1 to the finan&al statement5 and cofflply wrth the chaiity's Memorandum and Artide5 01 Assoaation, the Companies A¢t 201K and "Accounting and R8POrting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Finan¢ial Reporting Standard applicable in the UK and Republic of Irel8nd IFRS 1021. leffe¢tive 1 January 20191. Objectives and activilies The charitys objec15 are to advance conflict resolub.on and r8concAliation in ¢ommunties in the UK that are adversety affectèd by far-righl extremist activities. The policies adopted in furtherance ol these objects are relieving suffering. poverty and disliess and building and fflainlaining social cohesion and trust wrthin aT7d between mmunities. Identfying the causes of far-right extremism, adva[lg 8ducation about far-righl èxtremism and r(s impad. Prowding advice. ¢oun5ellirhg and 5UPPQrt to Individuals involved in tsr-lighl exlremism and Iheii famili85 and promoting dialogue, mutual understanding and peace within MMUnities. There has been no change in Ihese during the year. The TTuslees have paid due iegard to guidance sssued by the Charity Commission in deading what activities the charity should undertake. During this finanual yèar. Et has sought to consolidate our position as a charity and develop partftetship working, to widen awareness ol the work we do and develop fvrthei opportunities for growth. LOO.ng ahead the charity feels its widening audience with regard to both support reqsted and also growing partnership work ceflects the charity's growtng stature within our field of work and we will o)ntinue lo look for furthef opportunitie5 to reduce extremi5ffl wa education, compa55ion and understanding while advocating all extremism and violence is wrong. Seeking lo support people many walk away from, we don'l and believe thè bèst way of reducing extièmism is by going lo the core of the problem i.e., extrernisls involved and thèn try and persuade them lo change their lives and walk away from a life of hate. Not easy. we understand many people involved in extremism are victims. not monsters and we believe by seeing people as individuals first, not extremists, positive change is possible through dedicated 5UPPOrt by people with lived experience. who offer full support. without judgem8nl. Having supported 42 in-depth cases this year and 115 others who did not need long-tem) support, we a pleased lo say that all families helped lell supported and all those that were supportive of extremism er(her stopped supporting extremist narratives completely or reduced thèir support for extremism after engagement and support. Financial review Consolidating work with MOPAC In London and META foi support with their rediiéd programme, Exit Hale Is conscious of the need for lonTrlerni fundingwith regard lo trying to challenge and redu¢e th8 impact of extremism on indiwduals, their families and the wider COTnmurity. As such Exil Hate is ¢urrendy applying for mults"_ year funding lo prowde and improve free menlortng support to people in Grttical need. During the year. in¢ome of £125.787 was ad)ieved through providing servicès or receiving grants lo support Ihe charity's actiwtie5. Expenses of £100,553 weie incurred lo deliver those actiwlies, the vast rnajorrty of which related lo charitable acts'vitiès. A surplus of £25,234 was achieved in the yeai, which is added lo the previous surpluses of £27.184. giving lot81 fund balances tsf £52.418 to lake into next year. The tru51ee$ arè satisfied with the charity'5 finanaal perforniance for the year. It is the policy of the ch8rty that unrestliLled fijrhds which have not been designated for a specific use should be maintained at a level equivalent to betsveen three and six month'5 expènditure. The Trustees ¢onsider thal reserves at Ihis level will ensuie that. in the event of a significant drop in funding. they will be able to continue the charty's current activities while consideration Is given lo way5 in which additional funds may be raised. This level of reserves has been mainlained throughout the year.
EXIT HATE UK LTD TRUSTEES. REPORT (INCLUDING iiIRECTOiiS'. REPQRT> (COiIT114UEDj FOR THE YEAR ENDED 30 SEPTEMBER 2023 '!s.a Ccjnpary Ilrltsd by isi '.?:-"k¥k-
EXIT HATE UK LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EXIT HATE UK LTD l port to the Trustees on my examination of the financial statements of Exit Hale UK Ltd Ithe charity) for the year ènded 30 Sèptèmbei 2023. Rèsponslbllities and basis of report A5 the Tw51ee5 of the charity land also its direclors for the purposes of company lawl you ara rèsponsib for the preparation tsf the finanryal slalemenls in accordance with the requirèments of the Companies Act 21]06 (the 2006 Act). Having satisfi8d myself that the finarsryal statements of the ¢harily arè not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respe¢t ol my examination of the Charis financial siatements carried out undèr sectson 145 of the Charitiès Act 2011 lihe 2011 Act). In cairying out my examination I have followed all the applicable Directions given by the Charity Cornmission und•r secbon 14515llb} ofthe 2011 Act. Indepèndènt •xamlnèrf$ $tatsment I have completed my examination. I confirm that no rnatters have (x)me to my attenlion in o)nnection with the eyaminalion giving me cause lo believe that in any malerial respec*'. ac¢ounting records were not kept in respeci of the ctharity as required by section 386 of the 20C6 Act., or the financial statements do not accord with those records., or the financial statements do not compty with the accounting requirements of section 396 of the 2006 Acl other than any iequiieTnent that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination. or the finanual statèmènts have not been prepared in ac¢oidan¢e with the methods and principles of the Slalement of Recommended Placlice for accounting and reporting by chatilies applicable to charitiès preparing their acctsunts in accoidance wrth the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have corne across no other matters in Connection with the examination to which attenliors should be drawn in this report in order to enable a proper understanding of the financial statèmÉnls lo be r8achèd. Mark McLean FCA Thomas & Young Limitéd Carfelon House 26&268 Stratford Road Shirlèy Solihull Bgo 3AD
EXIT HATE UK LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestricted funds 2023 Unrestricted funds 2022 Notes Incom8 from: Donations and legacies Charrtable activities 64,614 61,173 46,6n Total incom• 125,787 46,673 Expenditure on: Raising funds Charitable adivities 79 100,474 181 19.308 Total expenditure 100.553 19,489 Net income and movement in funds 25.234 27.184 Rèconclllallon of fvnds.. Fund balances at l October 2022 27,184 Fund balances at 30 September 2023 52.418 27,184 The slalemenl of financial activities indudes all gains and losse5 recognised in the year. All incomè and expenditure derive from continuing adivilies.
EXIT HATE UK LTD BALANCE SHEET AS Af30 SEPTEMBER 2023 2023 2022 Notes Fixod assats Tangible assets 11 1,702 Current assets Debtors Cash at bank and in hand 12 18.750 34,617 38,618 53.367 38,618 Credltors: amounts falling due within one year 14 2,651 11,434 Nel current assets 50,716 27,184 Tot#1 as#ets less current liabilities 52,418 27.184 The funds ofthe charlty Ursrestricted funds 52,418 27,184 52,418 27,184 The company is entiued to the exemption from thè audit requirement conlairted in se(*'on 477 of the CompaniesAcl 2006. tor the year ended 30 September 2023. The diTector5 athiowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records ènd the preparation of ffinanaal statemenls. The members have not iequiied the cornpany lo obtain an audit of its financial statements forthe ye81 in question in accordance with sedion 476. These finanal statements have been piepared In a¢xordance with the provIsn$ applicable lo cornpanies subjèct to the small companies iegime. The financial statement5 weTe approved by the Trustees on ....... NpJel Bromage Trustee Company registration number 12914735 (England and Wales)
EXIT HATE UK LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollclès Chaiity Informatlon Exit Hale UK Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 71-75 Shelton Strèèt, Covènt Garden, Londo7n, WC2H 9JQ, United Kingdom. 1.1 Accounting ¢onvèntion The finanaal slalernenls have been prepared in accordance wtth thè charitys Memorandurn and Articles of Assoaation, the Companies Act 2006, FR8 102 'The Financial Reporting Standard applicable in the UK and Rep(tiAic of Ireland. (°FRS 1021 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charilies preparing their accounts in accordance with thè Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}" (effective 1 January 2019}. The charity is a Public Benefit Entty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charrties not to prepare a Statement of Cash Flows. The finaniaal statements ale prepared in sterling, which is the functional currency of the tharty. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have beèn prèpared undèr thè historical cost convention. The principal accounting poliaes adopted are set out below. 1.2 Going concem At the time of approving thè financial slatemenls. the Trustèès have a reasonable expectation that the charity ha5 adequate resources to7 continue in operational existence for Ihe foreseeable fijture. ThLts th8 Trustees continuè to adtspt the going concèrn basis ol accounting in preparing the finanaal statements. 1.3 Charitable funds Unrestricted funds are available for use at the disiyetion of the Tru51ees in furtherance of their tharitaNe obje¢tives. Restricted funds arè subj'ect to sPefiC condrtions by donors or grantors as to how they may be used. The purposes and use5 of the iestrided fvnds are set oul in the notes lo the finanaal statements. Endowment funds are 5ubie(a lo specific ndth'onS by donors that th• capital musl be maintained by the charity. 1.4 Income Income is iecognised when the charrty is legally entitled lo rt after any performance condf(ions have been met, the arnounts can be measuied reliably, and it is probable that incorne will be ¥eceived. Cash donations are recognised on receipt. Other donations are recognised on¢e the charity has been notified of thè donation. unless perfom)ance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recogni5ed al the tirne of the donation. Legaues are iecognised on receipt or otherwise rf the charity has been nolrfied of an impending dislribulion, the amount is known, and re¢eipl is expected. If the amount is nol known, the legacy 15 Irealed as a contingent asset.
EXIT HATE UK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounting polici8s (Continuod) 1.5 ExpÈndlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, rt is probable that a iransfer of economic benefits will bè rèquired in setuement. and Ihe amount of the obligal¢on can be rneasured reliably. Expenditure is dassified by activity. The CL)sts of each a¢tivity are made up of the total of direct costs and shared $ts. including SlJPPOrt costs involveoj in tJnderlakir)g each activty. Direcl costs attributable lo a single activity are allocated directly lo that activty. Shared c0515 which conlribLrte lo more than one activity and support Cts5ts which are not attributab to a singlè activity are apportioned between those activitie5 on a basis consistent with the use of resource5. Central 51aff costs are allocated on Ihe basis of time spent, and depreciation chargès arè allocated on thè porb'on of Ihe asseY5 use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequentty measufed at cost or valuation, nel of depre¢iation and any irnpaimenl losses. Depreciation is recognised so as lo write off the cost or valuation of assèts less their residual valuès over thew use1 lives on the followng bases.. Computers 33°A Reducing balance The gain or loss arising on the disposal of an asset is determined as the drfference beeen Ihe sale proceads and the cafrying value of the asset, and is fecognised in the stalemenl of fin8n¢ial activities. 1.7 IMpalmnt gf fixgd a$sets Al each reporting end date. the charity reviews d)e carrying amounts of 115 tsngible assets to determine whethèr thèrè is any indication that thosè assèts have suffered an impaim)ent 1055. If any such indication exists, the recoverable 8mount of the a5sel is eslimaled in order lo determine the extent of the impairment Ioss Irf any). 1.8 Cash and cash •quivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-tèmi liquid invèstments with owigin31 maturities of three tnonths or less, and bank overdrafts. Bank overdrafts are shtswn within borrowings in current liabilities. 1.9 Financial instruments The charity has elected lo apply the provisions of Sedion 11 'BaS Financial Instrurnents, and Section 12 '(Xher Finantial Inslnjments Issues, of FRS 102 to all of its financial inslrumenls. Finanaal instruments are recognised in the charitS balance sheel when th8 chafity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presenled in the finanaal Statements. when Ihere is a lègally enfoiceable right to sél olf the iecognised amoun15 and thère is an intention 10 settle on a nel basis or to realise the asset and Sett the liability simultaneously. Baslc flnanelal a$sets Basic financial assèts. which includè dèbtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequéntly carried at amortised cost using the effective interest method unlèss the arrangèment Constitutes a finanrAng transaction, where the tran5adion is measured at the present value ol the future reip1S discounted al a market rate of inleiesl. Finanti31 assets classified as receivable within one year are not amortised.
EXIT HATE UK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng poll¢l•$ Icontlnuedl Basic financial liabilities Basic ffinancial liabilities. including creditors and bank loans are inilialty recognised al transaclion price unless the arrang•m•nt constitutes a financing transaction, where the dèbt instrument is measured al the present value of the fvlure payments discounted at a market rate of interest. Finanrjal liabilitiès classified as payable within one year arè not amortised. Debt instrumènts are subsequenlty carried at amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have bèèn acquired in the ordinary course of operah.ons from suppliers. Arnounts payable are classified as current liabilities rf payment is due wrthin one year or less. If not, they are presented as non-currenl liabilitie5. Tradè creditors are recognised initially al transaction price and subsequently measured al amortised $1 using the effective interest mathod. Derecognition of ffnancial liabilities Financial liabilrties a derecognised when the charity's contractual obligations expire or are discharged cancelled. 1.10 Employee benefits The cost of any unused holiday enlitlemenl is feo)gni5ed in Ihe period in which the employee's $e&S are received. Temiination benefits are re¢ognised immediately as an expense when the charity is demonslrabty commrtted lo lemiinate the employment of an employee or lo pro]de temiination benefits. 1.11 Rètlrem•nt ben•flts Payments lo defined conlribulK)n retirement benefrt sd)emes are charged as an expeftse as thèy fall due. Critical accounting estimates and judgemonts In the application of the charty's accounting policies. the TIu51ees ai8 required lo make judgements. eslimale5 and as5umplions about the carrying amount of assels and liabilities that are not 18adily apparent from other sotJrc•s. The eslimales and associated assumptions ale based on historical experience and other laclors that are Consided to be ielevanl. A¢tual resulls may differ trom these e51imalgS. The 8Stimates and underlying assumptstsns are rèviewed on an ongoing basis. Revisions lo accounting eslimales are recogni5ed in the period in which the estimate is revised where the revision affècts only that pèriod, or in the peiiod of the rèvision and future p8riods where the revision affeds both current and future periods. Income from donations and legacies Unrestricted funds 2Q23 Unrestricted funds 2022 Donations and gifts Grants reIvable for charitable activitses 1,660 62,954 46,673 64.614 46,673
EXIT HATE UK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Income from charitsbl• a¢tlvltlo$ S*ryl¢• contracts 2023 Total 2022 Mentoring SUPPOrt 61,173 Analysls by lund Unrestricted funds 61.173 Expènditure on raising funds Unr•$trlcted Unrestricted funds funds 2023 2022 Fundraising and publiclty Advertlsing 79 181 Charitabl• actlvld•s Direct Charit#ble charitable èxpenditure éxpenditure 2023 2022 Staff c051s 52.065 15,938 Share of support costs Isee note n Share of govemance cosls (see note 71 43.441 4,968 1,832 1,538 100,474 19,308
EXIT HATE UK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support costs allocated to activities Charitable a¢tivitl•$ 2023 Total 2022 DepreLiation Administratnie support Bank charges Computer wunning cos15 Room hiie Telecommunications Travel expenses Printing. postage and slalionery Laundry, cleaning, uniforms Staff training Sundry expenses Govemance 838 20.711 49 2,947 987 932 13,538 1,941 45 249 25 448 940 80 45 1,441 57 4,968 1,538 48,409 3,370 2023 2022 GoveTnan¢e compris•: Legal and professional Accountancy and bookkeeping Independent eXaminatn 72 466 1.000 2.368 1,200 1.538 Trustees None of the trustees. lor any persons connected with thèm) rèceived any remuneration or benefits from the charity during the year, but Ihe total expenses reimbursed lo the trusleès during the year wa5 £454 12022 £Nill. Employees The average monthly number ol èmployees durirhg the year was.. 2023 Numbèr 2022 Number 10.
EXIT HATE UK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Ernployees (Continued) Employment costs 2023 2022 Wages and salaries Other pension costs 51,275 790 15,855 83 52,065 15,938 There wèrè no Èmployèes whosè annual remuneration was more than £60.OLK). 10 Taxatlon The ¢harity is exempl from lax on income and galns lalling within section 505 of the Taxes Act 1988 or section 252 of Ihe Taxation of Chargeable Gains Act 1992 to the extent that thèse are applied lo rts charitable objeds. 11 Tangible fixod ass8ts Comput6rs Cost Additions At 30 S8Ptetnber 2023 Depre¢lalltsn and Impaimient DepreatIon charged in the year 838 At 30 September 2023 838 Carrylng amtst At 30 Septembèr 2023 1,702 12 D•bto 2023 2022 Amounts falling due within one yoar. Trade debtors 18,750 13 Loans and overdrafts 2023 2022 Diredors, loans 19 9,662 Payable within one year 19 9,662
EXIT HATE UK LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 14 Credito. amounts falling due within one year 2023 2022 Borrowings Othèr taxation and social sècuiity Other uedilors Accruals and deferred income 19 562 231 1,839 9.662 378 194 1,200 2,651 11,434 15 Unre$trfcted The uTrieslricted fund5 of the charrty comprise the unexperhdèd balances ol donations and grants which arè not subject to specific conditions by donors and grantors as lo how they may be used. These include designated lunds whi¢h have been sel aside oul tsf unrestrirted funds by the Iruslees lor speafic purposes. At 1 Octobtrr 2022 Incoming re50urceJ Resources At30 0Xnded Soptsmbor 2023 Genèral fvnds 27,184 125,787 1100.5531 52.418 Previou$ year: At 1 Octobèr 2021 Incomlng rnsources Resources pxpendèd At30 Soptombor 2022 General frjnds 46.673 {19,4891 27,184 16 R•lat8d party tran$aclions Trnn$aetion$ with related parties During the year. the interest free loan from a Iiuslee and director was repaid. The balance due to that trustee as at 30VI September 2023 related to expenses and totalled £19 12