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2024-12-31-accounts

DISRUPT FOUNDATION (A Company limited by guarantee) Charity Number 1198872 Company Number 13738626

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS

for the year ended 31 December 2024

CONTENTS

Page
REPORT OF THE TRUSTEES 3-10
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS
OF DISRUPT FOUNDATION 10-13
STATEMENT OF FINANCIAL ACTIVITIES 14
BALANCE SHEET 15
STATEMENT OF CASHFLOWS 16
NOTES TO THE FINANCIAL STATEMENTS 17-21

DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees who are also directors for the purposes of company law are pleased to present their annual Trustees’ report together with the audited financial statements of Disrupt Foundation (‘the Foundation’) for the year ended 31 December 2024.

Reference and administrative information

Name of charity DISRUPT FOUNDATION (Disrupt or the Foundation)
(Previously known as The Pod Foundation)
Charity Registration Number 1198872(England and Wales)
Company Registration Number 13738626(England and Wales)
Registered office address One Bartholomew Close, London EC1A 7BL
Auditor MHA, 2 London Wall Place, London EC2Y 5AU
Administrators and Legal Advisors Broadfield Law, One Bartholomew Close, London EC1A
7BL
Trustees Guy Podjarny (Member Trustee)
Dr Gal Podjarny (Member Trustee)
Jonathan Brinsden (Non-Member Trustee)
All of the above appointed on 11 November 2021
Einat Podjrany (Non-Member Trustee - appointed 28
July 2023)
Senior Management Chief Executive Officer (CEO) – Miri Weingarten

Structure Governance and Management

Governing The Foundation is a charitable company limited by guarantee, incorporated on 11 November document 2021 (company number 13738626) and was registered as a charity with the Charity Commission on 9 May 2022. The Foundation was originally incorporated as The Pod Foundation and changed its name to Disrupt Foundation in March 2022. The Foundation’s governing document is the Articles of Association dated 11 November 2021. Risk The Trustees have a duty to identify and review the risks to which the Foundation is exposed Management and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. For this purpose, the Foundation is in the process of establishing a Risk Register to identify the key issues faced by the Foundation and steps to mitigate those risks. The Trustees are aware that there are potential risks concerning its grant making activity including delay or difficulties in implementation due to political, environmental and resources issues, which in turn may result in a failure to meet defined milestones or objectives. The Trustees manage the risk through a grant approval process, the use of grant agreements and regular monitoring by the Foundation’s CEO. Key risk areas are identified as follows:

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DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Risk area
Mitigation		 Risk area
Mitigation
Governance Regular work on strategy, impact analysis and decision-
making processes by Trustees
Operational Oversight of policies, management and compliance by
Trustees
Financial Budget planning by Trustees, bookkeeping and accounts
automation
Safety and
safeguarding		 Risk assessment, safeguarding policies and insurance in
place and reviewed regularly

Objectives The Foundation’s objects are restricted to such exclusively charitable purposes according and Activities to the laws of England and Wales as may be determined from time to time by the Trustees for public benefit. The Trustees have decided to narrow this in order to promote and further social justice by supporting communities and organisations working for positive change, and by amplifying their impact through technology and organisational capacity building. The Foundation advances the objects through its grant making activities, engaging external consultants to provide support to its beneficiary organisations and convening beneficiary organisations for know-how and knowledge sharing purposes.

Key In addition to the Trustees, the Foundation has appointed a CEO who has delegated Management authority to conduct the day-to-day business of the Foundation. The Trustees and CEO are personnel considered as Key Management Personnel. Pay and remuneration for the CEO is decided by the Trustees and is set in line with current market rates.

Trustees The Trustees of the Foundation are directors for company law purposes. The minimum number of Trustees required by the Articles is three and the maximum is twelve. There are two Member Trustees, Guy and Gal Podjarny (a Preference Member and Ordinary Member respectively), who serve an indefinite term based on their relative experience and contribution to the Foundation as a whole. There are two non-Member Trustees, Jonathan Brinsden and Einat Podjrany who have been appointed to serve a minimum of three years.

In accordance with the Articles, Trustees are appointed by the Preference Member during his lifetime and thereafter by the Ordinary Members. Training for new and existing Trustees is provided when needed/ relevant. Responsibility for the induction of any new Trustee, which includes the awareness of the history and approach of the Foundation and the understanding of a Trustee’s duties, lies with the Trustees. New Trustees receive a copy of the Articles, the previous year’s accounts and guidance booklets provided by the Charity Commission. The Trustees also provide full details of the Foundation’s current grant programme and objectives.

All Trustees work on a voluntary basis and no remuneration was paid in the period. Details of Trustees’ expenses and related party transactions are disclosed in the Accounts. Trustees are required to disclose all relevant interests and register them annually with the Chief Executive Officer and, in accordance with the Foundation’s policy, withdraw from decisions where a conflict of interest arises. A register of conflicts is maintained by the Foundation and any new conflicts are also noted during meetings.

4

DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees meet at least twice a year and agree the broad strategy and areas of activity for the Foundation, including consideration of grant making, budget, investment, reserves, risk management policies and performance.

Fundraising The Foundation’s income during the period was derived from Prism, a donor advised fund. The Foundation does not undertake fundraising activities. Consequently, the Foundation is not registered with the fundraising regulator and received no fundraising complaints in the period.

Public benefit The Trustees, having regard to the Charity Commission’s guidance on public benefit including the guidance ‘Public benefit: running a charity (PB2)’ and in accordance with section 17 of the Charities Act 2011, consider that the purposes and activities of the Foundation satisfy the requirements of the public benefit test set out in section 4 of the same Act. The Foundation carries out these objects by providing grants and donated services to organisations whose activities comply with the Foundation’s criteria.

Grant making The Foundation has developed assessment, due diligence, compliance and oversight policy procedures for provision of charitable grants. Each grantee and application undergoes a rigorous process of assessment and due diligence against the Foundation’s strategy, priorities and charitable objectives, and is subject to Trustee approval. Foundation policies and grantee information as well as applications, reviews and reports are saved on file and on the Foundation’s database, to ensure efficient workflows both in the UK and in Israel.

In relation to grantees overseas, the Foundation has developed further procedures and oversight to ensure compliance with English charity law and other legal requirements. The Foundation began direct grantmaking to grantees in Israel in the first quarter of 2023 and continues to engage Istishara as a local consultancy which identifies, assesses and supports grantees, subject to Trustee approval and to due diligence checks in the UK.

The Foundation employs a small team of a full-time Managing Director and a Grants Manager based in London, which works closely with the Trustees and with Istishara to build the Foundation’s strategy and maintain activities, meeting frequently online and in person at regular intervals. In September 2024, the Foundation on-boarded a UK Tech Lead to assist with its technology-related work for grantees.

Achievements and Performance

Achievements Grants

Grants have been made to various organisations in support of its charitable objectives. In the period, grants committed amounted to £2,576,704 (2023 £2,430,769). Details of the grantees are in note 3 of the accounts. There were no grants committed but unpaid at 31 December 2024 amounted (2023 £20,000).

In the UK , the Foundation’s thematic priorities for grant making in 2024 were:

The Foundation was able to identify and make multiple grants to organisations across the UK who are engaged in social justice work in these fields.

In Israel , the Foundation continued making charitable grants to Israel-based organisations, having engaged Istishara consultancy to advise and assist with identifying and monitoring such grants, while the London office maintains oversight of due diligence and compliance with the requirements of Disrupt Foundation’s charitable objectives. The Foundation’s

5

DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

priority in Israel has been to support self-organised grassroots initiatives from marginalised communities, who employ an intersectional approach to social justice.

With Istishara’s assistance, the Foundation was able to identify and make 32 grants to organisations based in Israel.

Technology – The Foundation has a cross-thematic, multi-level interest in ‘Tech for Good’ and access to justice, and constantly examines ways in which technology initiatives can contribute to its objective and priority areas.

The Foundation was able to support grantees in this field as well as the development of technology solutions to issues arising across the ecosystems it supports. The Foundation continues to engage a senior technology consultant, who advises Disrupt across all its techrelated work.

Funder Plus

Alongside funding, the Foundation offered expertise, upskilling and development processes to its grantees on request, in the following areas:

To deliver this, the Foundation identified and engaged appropriate expert consultants, who were matched with grantees to provide them with the relevant services. In the UK, the Foundation was able to dedicate a total of £102,354 to identify and engage external consultancies for this purpose. In Israel, Istishara consultancy undertook to provide Funder Plus support directly to grantees, involving additional external providers where needed.

Monitoring, Evaluation and Learning

The Foundation has adopted a CRM, whose aim is to document its grant making work both in the UK and Israel, enabling monitoring, evaluation and learning (MEL) in relation to its impact as it grows. The CRM was introduced in January 2024.

Some examples of the Foundation’s grant making work in the financial year ending 2024

UK

Minoritised and migrant women – deepening our relationships - In the wake of the Foundation’s 2022 conference on housing rights amongst migrant and minoritised women, and its 2023 funding round supporting community-led women’s groups, in 2024 the Foundation deepened its support for organisations led by and for migrant and minoritised women across the country, by providing continuation funding and Funder Plus support to a number of groups, with a view to longer term support. The Foundation also funded a further conference (hosted this time by a community-led group, the PHOEBE centre in Ipswich). Finally, the Foundation provided seed funding and governance support for the establishment of a new infrastructural organisation in this ecosystem, Project Resist, which was founded partly in response to the needs voiced in the 2022 conference, and provides training, networking and convenings for smaller grassroots women’s groups in the North of England, and leverages their frontline work for strategic interventions for their rights from an intersectional feminist perspective.

Ensuring accountability for the right to health in the UK - In the course of 2024, the Foundation continued the work begun in 2022 to support a number of charities which have been recognised as Core Participants to the Covid19 Public Inquiry. The Foundation’s aim

6

DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

has been to ensure that the voices of marginalised or minoritised groups and communities are fully heard by the Inquiry and that their meaningful participation is ensured. Groups the Foundation has supported include Disability Rights UK (awarded a grant of £26,000), an umbrella group for organisations led by and for disabled people across the UK; Doctors of the World UK (£34,800), who work closely with migrant and homeless populations and have expertise in questions relating to their access to healthcare during the pandemic; and Kanlungan Filipino Consortium (£31,790), a community-led charity working for the rights and welfare of Filipino workers, including health workers, and other Southeast and East Asian migrants in the UK. Separately, the Foundation has also supported the growth of Just Treatment, a grassroots patients-led initiative promoting the right to health and protection of access to healthcare against profit-driven considerations.

Community-led planning: Funder Plus support – In 2024 several community-led groups within the Foundation’s social and economic rights strategy areas expressed a need for expert planning support, in order to assist them when organising for their right to adequate, safe and healthy housing and community spaces. The Foundation was able to provide this in the form of Funder Plus support totalling £35,460 from Unit 38, an expert collective of architects and planners working for social justice, who ran workshops with the affected communities to produce plans and feasibility studies for communityled retrofit for social housing blocks in Harrow and Rochdale; a community centre led by the Somali Development Society in Leicester; and housing for minoritised survivors of domestic abuse managed by Zinthiya in Leicester. The Foundation regards this provision of expertise to smaller community-led groups to be an essential form of infrastructural support for the grassroots, and it hopes to continue supporting the essential work undertaken by expert professionals in support of community groups.

Governance support – In 2024, the Foundation started an innovative collaboration with the Civic Power Fund, a fundraising grant-making charity, to support its grassroots community organising grantees through provision of a Governance Hub staffed by legal professionals. The Foundation provided a grant of £26,800 to this initiative to enable it to expand and deepen its work, as well making the service available to its own grantees. The Hub provides essential training, governance advice and assistance, and resources to groups in order to help them grow and sustain their work while remaining compliant with due diligence requirements.

Emergency response to summer racist riots - In late July and early August 2024 far-right mobilisations across the UK led to racist riots and mob attacks on migrants, Black, Muslim and otherwise minoritised people as well as on advice agencies assisting migrants. The Foundation’s staff updated Trustees about the context and developments and organised to respond promptly.

The first response was an email to all grantees asking about their safety and offering assistance and follow-up conversations with some of the grantees and external experts. Clear and urgent needs arose from many of the responses and on 20 August 2024 Trustees approved provision of £50,000 in emergency grants to existing grantees in need. Ten grants of £5,000 each were made in the first half of September, following an accelerated assessment process..

Israel

The Follow Up Committee on Arab Education (FUCAE) - As part of the Foundation’s commitment to supporting community-led grassroots initiatives, the Foundation provided £54,105 in core funding to FUCAE, a network of Palestinian educators in Israel. This partnership has enabled the organisation to grow and establish a more robust and structured approach to its work in the broad field of education among Palestinian

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DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

communities in Israel. The Foundation’s continuous support allowed FUCAE to adapt to the increasingly complex political landscape and to respond to the urgent needs of the Palestinian community during times of crisis. One of FUCAE’s key initiatives is the coordination of a collective forum for Heads of Educational Departments in ArabPalestinian localities in Israel. This platform enables knowledge-sharing, peer learning, and joint advocacy when necessary. In addition to core funding, Disrupt Foundation has supported FUCAE through a Funder Plus tech project to develop a dedicated digital platform designed to facilitate networking and the exchange of knowledge and expertise. This tool is intended to enhance the forum’s effectiveness while redefining FUCAE’s role as a community organizer. If proven successful, the tool will be adapted for use by other FUCAE-organised groups such as parents’ committees, teachers, students and principals.

Time Disrupt program - This program is designed as part of the Foundation’s commitment to strengthening its partners by cultivating connections and networks amongst them. The program brought together grantees for four gatherings, each designed to foster mutual learning, deepen shared understanding of the socio-political context, and create opportunities for connection and collaboration. On average, each gathering was attended by 33 participants, representing nearly all of the Foundation’s grantees in Israel. In 2024, the gatherings took on heightened significance in the context of the devastating war and unfolding genocide that began in October 2023. Amid widespread violence, repression, and the silencing of Palestinian voices and anti-war Jewish activists, Time Disrupt became one of the few remaining spaces where NGOs and activists could come together, express dissenting views, and engage in open dialogue.

Tech

Kompasi - a signposting and referral tool in the migrant rights space. Development of the Kompasi platform progressed throughout 2024, with the product officially launching in Greater Manchester in March as a signposting tool. During this period, we provided grant funding totalling £208,076 to CAST, who incubated the platform and led the continued development of its direct referral functionality with input from GDPR experts and data ethicists. In June, a strategic decision was made for Disrupt to assume ownership of Kompasi. To support this transition, we hired an in-house UK Tech Lead who joined the team in September and began the process of shifting responsibility from CAST to Disrupt. Alongside this process, in December, Kompasi launched in Bristol, and preparations were underway for a planned launch in Yorkshire in 2025. The transition from CAST to Disrupt is expected to happen in early 2025. Work on the direct referral tool will continue in 2025.

Financial Review

Income The total income received in the period was £2,864,484 (2023 £4,024,861). This was comprised of donations amounting to was £2,859,716 and bank interest amounting to was £4,768 (2023 donations amounting to £4,016,250 and bank interest amounting to £8,611).

Charitable and Grants totalling £2,576,704 were awarded during the period (2023 £2,430,769). Of these, other none were committed, but not paid at the end of the accounting period (2023 £20,000). expenditure Support costs amounted to £1,193,686 (2023 £590,878). The total charitable expenditure was therefore £3,770,390 (2023 £3,021,647).

Reserves The Trustees will review the Foundation’s Reserves Policy with reference to Charity Policy Commission guidance (CC19) and accounting standards (SORP 2019 – FRS 102). As at 31 December 2024 there were unrestricted funds of £241,687 (2023 £1,126,291). It is envisaged that these funds will be used in future years towards grants. The Foundation does not hold a set level of reserves. All operational expenses are currently met under an arrangement with the Foundation's funding partner. Therefore, the Trustees do not consider there is currently a need for a formal reserves policy. However, the Foundation's aim is to hold between 6 and 9 months' worth of cash reserves or at least £300,000 to

8

DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

cover operational expenses at any one time. The Trustees considers that it has adequate financial reserves to continue to deliver on its plans and has a reasonable expectation that the Foundation will have adequate resources to continue in operational existence for the foreseeable future.

Future Plans The Foundation expects to fund further work in support of social justice initiatives in the UK and Israel. The Foundation continues to have a cross-sectional interest in tech and will explore further ways in which technological capacity building and initiatives can amplify the impact of social justice work. Convening activities will be initiated from time to time, to help forge links among different organisations as well helping Disrupt to identify new grantmaking opportunities.

The Foundation may also make grants in future years to other projects promoting social justice through tech, initially in the UK and Israel, with the potential to expand to other countries if and when the Trustees consider this appropriate.

9

DISRUPT FOUNDATION

(A Company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Foundation and of the incoming resources and application of resources of the Foundation for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Foundation and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, the Company Act 2006 and the provisions of the Foundation’s constitution. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Foundation.

In so far as the Trustees are aware:

This report has been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

Signed for and on behalf of the Trustees

Jonathan Brinsden - Trustee

Date: 4 September 2025

10

DISRUPT FOUNDATION INDEPENDENT AUDITOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Opinion

We have audited the financial statements of Disrupt Foundation (the ‘charitable company’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report.

We are independent of the charitable company 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 sufficient 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 accounting in the preparation of the financial statements is appropriate. Our evaluation of the Trustees’ assessment of the entity’s ability to continue to adopt the going concern basis of accounting included critical reviews of budgets and forecasts provided.

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 charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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 information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form 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

11

DISRUPT FOUNDATION INDEPENDENT AUDITOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

information. If, based on the work we have performed, we conclude 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement set out on Page 6, the Trustees (who are also the Directors of the charitable company for the purposes of company law) 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 Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s 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 to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 to influence the economic decisions of users taken on the basis of these financial statements.

12

DISRUPT FOUNDATION INDEPENDENT AUDITOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standardsand-guidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-ofauditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.

Use of this report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Stuart McKay BSc FCA DChA (Senior Statutory Auditor)

For and behalf of MHA Statutory Auditor London, United Kingdom

Date:

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542) MHA are eligible to act as auditors in terms of section 1212 of the Companies Act.

13

DISRUPT FOUNDATION

(A Company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES

(incorporating an income and expenditure account)

for the year ended 31 December 2024

Notes
Unrestricted
Fund
£
Bank interest
4,768
Donations
2,859,716
Total income
2,864,484
Expenditure on:
Charitable activities
3
3,770,390
Total expenditure
3,770,390
Net income before
investments gains/(losses)
(905,906)
Other recognised losses Currency losses
21,302
Net movement of funds
(884,604)
Reconciliation of Funds
Balances brought forward
1,126,291
Balances carried forward
at 31 December 2024
241,687
Income and Endowments from:
Total income		 Total Funds
2024
£
4,768
2,859,716
2,864,484
3,770,390
3,770,390
(905,906)
21,302
(884,604)
1,126,291
241,687		 Total Funds
2023
£
8,611
4,016,250
4,024,861
3,021,647
3,021,647
128,340
(5,263)
997,951
128,340
1,126,291

The notes on pages 13 to 17 form part of the financial statements.

14

DISRUPT FOUNDATION

(A Company limited by guarantee) BALANCE SHEET as at 31 December 2024

Notes
Current Assets
Cash at bank
4
Total current assets
Current Liabilities
Creditors:
Amount falling due within one year
5
Net Current Assets
Total Net Assets
Funds of the Charity:
Unrestricted Fund
Total charity funds		 £
£
371,105
371,105
(129,418)
241,687
241,687
241,687
241,687
2024		 2023
£
£
1,161,291
1,161,291
(35,000)
1,126,291
1,126,291
1,126,291
1,126,291		 2023
£
£
1,161,291
1,161,291
(35,000)
1,126,291
1,126,291
1,126,291
1,126,291
1,126,291
1,126,291
1,126,291

The notes on pages 13 to 17 form part of the financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on

Authorised to sign on behalf of the Trustees:

…………………………………….. Jonathan Brinsden - Trustee Company No. 13738626

15

DISRUPT FOUNDATION

(A Company limited by guarantee) STATEMENT OF CASH FLOWS

for the year ended 31 December 2024

Note

Note
2024
Cash flows from operating activities
£
Net income for the reporting period
(884,604)
Interest
(4,768)
(Decrease)/increase in creditors
94,418
Net cash used in operating activities
(794,954)
Cash flows from investing activities
Interest
4,768
4,768
Change in cash and cash equivalents in the period
(790,186)
Cash and cash equivalents at start of period
1,161,291
Cash and cash equivalents at end of period
4
371,105		 2023
£
997,951
(8,611)
(10,400)
978,940
8,611
8,611
987,551
173,740
1,161,291

As the Foundation does not have any debt, an analysis of net debt has not been produced.

16

(A Company limited by guarantee)

DISRUPT FOUNDATION

Notes forming part of the financial statements 31 December 2024

1 ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Foundation's financial statements.

General

The Foundation constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are presented in Pounds Sterling, which is the functional currency of the Foundation and are rounded to the nearest pound.

Going concern

The Trustees have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

Funds

Unrestricted Funds comprise those funds which the trustees are free to use in accordance with the charitable objects.

Income

Income is recognised once the charity has entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably.

Expenses

All expenditure and liabilities are accounted for on an accruals basis and has been classified under headings that aggregate all costs to the category. Grants are recognised when paid or an earlier commitment made. All expenses are deducted from the Unrestricted Fund as charitable expenditure (support costs).

Grants

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Foundation. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Foundation.

Foreign Currencies

Transactions during the period have been converted at the same exchange rate applicable at that time. Assets and liabilities in foreign currencies are translated at the exchange rates at the balance sheet date or, where appropriate, the rates of exchange under relevant foreign exchange contracts. Gains and losses arising therefrom are included in the Statement of Financial Activities.

17

DISRUPT FOUNDATION

(A Company limited by guarantee)

Notes forming part of the financial statements 31 December 2024

1 ACCOUNTING POLICIES (Continued)

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors and provisions

Creditors are recognised where the Foundation has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial Instruments

The Foundation only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, which, in the case of the Foundation is at cost for creditors and

Cash at bank or hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2 JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Foundation's accounting policies, which are described in note 1, the Trustees are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future

18

DISRUPT FOUNDATION

(A Company limited by guarantee)

Notes forming part of the financial statements 31 December 2024

3 CHARITABLE EXPENDITURE

Grants
Direct Costs
Support Costs
Total Charitable Expenditure
3a
Grants made
Category
Tech for Good
Social and Economic Rights
Social and Economic Rights
Migrant Rights and Racial Justice
Migrant Rights and Racial Justice
Migrant Rights and Racial Justice
Access to Justice / Infrastructural support
Migrant Rights and Racial Justice
Peace & Human Rights
Tech for Good
Migrant Rights and Racial Justice
Access to Justice / Infrastructural support
Social and Economic Rights
Social and Economic Rights
Social and Economic Rights
Social and Economic Rights
Migrant Rights and Racial Justice
01 Founders Ltd
Access Social Care
ACORN
Asylum Aid
Asylum Matters
Baobab
Black South West Network (BSWN)
Bristol Refugee Rights
British Shalom Salaam Trust (BSST)
CAST
CIAC
Civic Power Fund
Climate 2025 Limited
Crisis UK
Disability Rights UK
Doctors of the World UK
Friends Families and Travelers
Fuel Poverty Action
Social and Economic Rights
Greater Manchester Immigration Aid Unit (GMIAU)
Migrant Rights and Racial Justice
IMIX
Migrant Rights and Racial Justice
Independent Workers Union of Great Britain
Social and Economic Rights
Joint Council for Welfare of Immigrants
Migrant Rights and Racial Justice
Just Fair
Social and Economic Rights
Kanlungan Filipino Consortium
Migrant Rights and Racial Justice
Kinfolk Network CIC
Migrant Rights and Racial Justice
Law for Change CIC
Access to Justice / Infrastructural support
Leeds Refugee Forum
Migrant Rights and Racial Justice
Living Rent
Social and Economic Rights
Makani CIC
Migrant Rights and Racial Justice
Manuel Bravo Project
Migrant Rights and Racial Justice
Migrant Rights and Racial Justice
Tech for Good
Migrant Rights and Racial Justice
Migrant Rights and Racial Justice
Migrant Rights and Racial Justice
Access to Justice / Infrastructural support
Migrant Rights and Racial Justice
Migrant Rights and Racial Justice
Migrants Organise
Outlandish Cooperative / Space4 project
Polish Migrants Organise for Change
Praxis
Public Interest Law Centre
Public Law Project
Refugee and Migrant Forum of Essex and London
Revive CIO
Carried Forward		 2024
2023
£
£
2,576,704
2,430,769
866,343
324,884
327,343
265,994
3,770,390
3,021,647
2024
2023
£
£
75,000
80,000
82,000
40,000
40,000
50,000
50,000
20,000
20,000
50,000
62,530
40,979
20,000
208,076
269,066
20,000
30,000
26,880
20,000
20,000
150,000
150,000
26,000
34,800
20,000
20,000
31,178
31,178
50,000
20,000
31,063
87,694
55,000
55,000
31,790
25,000
50,000
20,000
30,000
20,000
59,500
20,000
30,000
65,000
68,500
29,245
35,000
30,000
50,000
40,000
60,000
25,000
20,000
21,928
1,332,990
1,384,417

19

DISRUPT FOUNDATION

(A Company limited by guarantee)

Notes forming part of the financial statements 31 December 2024

3 CHARITABLE EXPENDITURE (Continued)

Grants made to Israel based charities
Category
Brought Forward
Safe Passage Intl
Migrant Rights and Racial Justice
Social Change Nest
Migrant Rights and Racial Justice
South Yorkshire Refugee Law & Justice
Migrant Rights and Racial Justice
The Autonomy Institute
Social and Economic Rights
The Immigration Law Practitioners Association
Migrant Rights and Racial Justice
Ubele
Migrant Rights and Racial Justice
War on Want
Contingency/emergency funds
Grants made to other institutions (less than £20,000) Various
Grants made
Category
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Development and support for community groups
Grants made to Israel based charities
Alliance for Israel's Future
Arteam, Interdisciplinary Art
Callactivit-Promoting Culture and Art of Ethiopian
Community in Israel
Centre for the Advancement of Peace Initiatives
(CAPI)
Haamuta Lemaan Noar Ve Tzeiirim Aravim
Haraba
I'lam Media Center for Arab Palestinians in Israel
Injaz Center For Professional Arab Local
Governance
Isha L'isha
KEDMA- LESHIVYON B'HINUH U-BEHEVRA
B'ISRAE
Mizrahi Civic Collective
Nine Seven Two
The Follow Up Committee on Arab Education
The Nazareth Nurseries Institute
Tishreen Core
Tishreen Project Grants
Women Against Violence
Grants made to other Israel based charities (less
than £20,000)
Total grants made to Israel based charities
Grants made
Ttl Gt		 2024
2023
£
£
1,332,990
1,384,417
20,000
20,000
60,700
25,000
25,000
20,000
105,000
25,000
20,160
49,688
20,000
242,560
213,721		 2024
2023
£
£
1,332,990
1,384,417
20,000
20,000
60,700
25,000
25,000
20,000
105,000
25,000
20,160
49,688
20,000
242,560
213,721
1,856,098
1,708,138
2024
2023
£
£
42,556
43,504
43,281
45,641
43,270
67,404
21,417
25,622
43,609
20,533
53,416
45,641
20,885
21,567
20,802
30,466
42,556
44,916
43,609
41,418
54,105
55,511
43,270
41,896
104,882
37,153
42,376
143,159
158,772
720,606 722,631
1,856,098
1,708,138
2,576,704
2,430,769

Total Grants

All grants have been made to institutions and not to individuals.

The Foundation supports general charitable objectives as outlined in the Trustees 'Report. In accordance with SORP2019 FRS102 Grantmaking should include the costs of the grants and associated support costs. These are as follows:

20

DISRUPT FOUNDATION

(A Company limited by guarantee)

Notes forming part of the financial statements

31 December 2024

3 CHARITABLE EXPENDITURE (Continued)

3 CHARITABLE EXPENDITURE (Continued)
3b
Direct Costs
International Operations (Israel / Palestine and
Technology)
Consulting (Funder +)
Total Direct Costs
3c
Support Costs
Staff Costs
Staff travel and expenses
Legal and Accountancy Fees
Consulting
Office Rental
Payroll
IT / Subscriptions
Audit Fees
Conferences
Bank Charges
Total Support Costs
4 CASH AT BANK
HSBC
Barclays
5 CREDITORS
Grants payable
Accruals
Grants Payable Reconciliation (as above)
Grant creditor brought forward
Grants awarded in year
Grants paid in year
Grant creditor carried forward
6 STAFF COSTS
Wages and Salaries
Social Security Costs
Pensions
During the period, the Foundation employed an average of 2 staff. Staff costs are analysed as follows:		 2024
Restated
2023
£
£
763,989
324,884
102,354
0
866,343
324,884
2024
Restated
2023
£
£
192,821
131,580
4,591
3,226
34,441
36,857
52,670
61,588
7,200
6,000
791
984
1,674
4,719
15,000
15,295
16,415
3,622
1,740
2,123
327,343
265,994
2024
2023
£
£
-
1,161,291
371,105
-
371,105
1,161,291
2024
2023
£
£
-
20,000
129,418
15,000
129,418
35,000
20,000
31,000
2,576,704
2,430,769
(2,596,704)
(2,441,769)
0
20,000
2024
2023
£
£
171,333
113,500
15,715
13,843
5,137
4,237
192,185
131,580

One employee received remuneration in excess of £60,000 per annum, in the banding of £100,000 - £110,000 (2023: None).

Total employee benefits paid to the Key Management Personnel was £100,000 (2023: £82,313).

7 DISCLOSURE OF TRUSTEES' REMUNERATION, BENEFITS AND EXPENSES

During the period, the Trustees received no personal remuneration or benefits in their capacity as Trustees. In the year Einat Podjarny a Trustee was reimbursed expenses amounting to £2,227 to attend all hands in London conference in Sept 2024. No other Trustee reimbursement of expenses were made in the year.

8 RELATED PARTY TRANSACTIONS

There have been no related party transactions in the year, other than those disclosed in Notes 6 and 7.

21