SOUTHALL BLACK SISTERS Charity Registration Number: 1204937 Company Registration Number: 3037955 SOlmlALi BLACK SlsfERS {C(xnpany Ilmited by guarantee) REPORT AND FINANaAL5TATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) CONTENTS Page Mana8ement committee's report Independent auditorfs report 8-11 Income arsd expenditure account 12 Balance sheet Statement of Cash Flow5 14 Notes to the financial statements 15-26 Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) Managernent Committee Report For the year ended 31 March 2025 The Management Committee Members ￿￿ent their annual rnanagemenl comrnittee report together with the financial statements for the year ended 31 March 2025 which are also prepared to meet the requirements for a direaors. report and accounts for Cornpanies Att purFy)ses. Oblectives and activlties The principal objects of the tharitablecompanyi asset out Kn the memrandum of association areto relievewomen and their children and farnilies, particularty those of Asian. African and Caribbean or@in who a￿ in conditions of need. hardship, danger or distress and to preserve and protett the heatth and advance the education of such persons. The overall airn of the Charitable Company is to help women and children escape geftder related violence and abuse. The Charitable Company achieves this by providing advice. informat￿)n, advocacy, casework. counselling, and one-to-one support and by campaigning and providing expert athice and reports io influence policy and practice at lo￿1 and national level. These specialist services are delivered bya small bui highly skilled and dedicated staff team and overseen by a voluntary Board of Trustees. Public Benefit The Trustee's of Southall Black Sisters have read the guidance issued by the Charity Commission for England and Wales on 'Charities and Public Benefrt,. The DirectOW5 confEnn that the objects of the Charitable Company fully comply with thi5 guidance. Activities During the Year Service Delivery During the year ending 31 March 2025, Southall Black Slsterfs ISBSI continued its principal auivity of providing speclallst frontline services to women and children estaping violence and abuse. SBS works to challenge the structural Inequalities. and hamifvl ¢ulwral prattl￿ that perpetuate violence against women and girls IVAWGI. its services are d*i8ned io meet the complex and Intersertlng needs of Black. minoritised and migrant women and girfs. addressing domestic vK)lence. forced marriage, honour-based abuse, and transnational abandonrnent. These experiences are frequently comrKFunded by imm4rat￿n insetyrlty. homelessness. and mental health. Between l ApTI Z024 and 31 Marth 2025, SBS ￿Ceived 3,425 enquirles and referrak from service users and professionals across the UK. This included 1.916 contscts to the SBS helpline, where Calle￿ to received specialist advice. information. and where appropriate. signposting or referral to I(￿al swwices when needs fall outside the scope of SBS provision. During the same perlod, 833 casework refe￿al5 weie recewed. of which 604 black, minorltlsed and mlgrant women were supported in relation ro gender-based violence. including domestic abuse and other forms of cultLJralW specific harm. such as forced marriage. Of the women supported, 275 had thlldren, representing a total of 479 chlldren affected by abuse. The complexityof need remained high- 60% ofwomen had No Recourse to Public Fund5 INRPFI 23% were on 5W)U5e visas 77% of all enquirie5 invofved complex imrnwation issues Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) Many cases invofved multiple. interconnected risks. Includi￿ immigration insecurity. horneles5ne5s. rnental ill health, suiade ideation, and sew-ham. In addttion to advocary casework.. 64 women accessed counselling 68 women participated in support groups 50 attended ESOL classes 158 women ￿e1ved direct financial assislan￿ to 5UPPOrt safety. r￿overyj and rebuildin8 their lives SBS achieved a 100% success fate in preventing deportatlon for migrant waim-sumvors supported durifig the year. 5BS's service delivery took place vjithin a contexr of sustslned hlgh demand. reduced stat￿Ory pro¥ision, and a hostile environrnent. requiring intensive and sustsined intervention to ensure the safety and wellbeing of service users. Poficy. Campaigning and Systemk Change Alongside frontline service delivery, SBS undertook s*nllkant polky. campaiBnln& and Influenang work during the year. This work is integral to SBS'S charitableobjectives and is direttly infomed by ewdence from its Iront5ine service5. Durin8the per*)d,5BSco-launchaJ theln¥estln8ln Safetymodel in partnership wth LAWRS, Safety45tsters, Ubuntv Women Shelter. and the Angelou Centre. The ffK)del was launched at a national online eveni attended by nezrly 2(￿1 profes5ionzl5. The accompanying fre&tr￿Own1Oad cost-benefft calculator demonstrated that sustained investment in specialist 'by and forf services could generate estimated savin8s of £IZ7 million nationally over three years, strengthenine the evidence base for preventatNe investrnent. SBS also led a successful national Carnpa￿n to drop raastthargesagainst the ￿ngsCrOSS3- threewomen one of whom wu5 tlre orgonisution's Executive Dirertor. who were Violenily targeted in a racist attack in the presence of an off-duty police officer and subsequently charged for resisting that attack. SBS coordinated two public rneetings, a sustained Media and protest campaign, and the rnobilisation ofover 37.(th petition signatures. The char8es were ultirnately dropped repre5entin8 a significant outcome in challenging the criminalisat￿n of Black wornen and institutional raci5rn Within the criminal justice system. Following the AuBllSt 2024 ra￿ riots. SBS led the devdopment of a joint statement containing 12 demands to the Prime Minister. calling for urgent artion to address the rise of far-right violence and racisrn. SBS han(J-delivered the demand5 to 10 Downing Street, alongside Women for Refugee Women. Imkaan. LAWRS. and Safety4Sisters, reinforcing collective sector leadership and accountability. SBS 8lso13unched a campaign following ihe murder of Harshfta Brella. a migrant waim-survivor of dorne5tit abuse who was Skjbject to NRPF. This work highlighted system-wide failures and the impact of immigration-related barriers on acce5S to proreclion. secured national media covera8e. and hosted a publK vigil in Ilford, where Harshita's body wa5 found. This work sought to expose gaps in safeguarding and press for reforms to prevent future harm. Through its policy and campa￿ning attivity, 5BScontinued to amplrfythevolces of marglnalised women, inf5uencing national debate. and challenge struttural racism. immi£fation injustice, and failures in prorettion. This Wor￿ complement5 SBS'S frontline services and strengthens its overall impact and public value 5outhall Black Sisters {A Company Limited by Guarantee and a Registered Charity) Plans for future periods South311 Black Sisters remains cornmitted to it5 overarching aim of challengin8 all fom15 of 8ender-related violence against women and girls, empowering BlacL minoritr5ed. and migrant ¥￿rnen to rebuild theif lives. and upholdingthwr human rlghts to lustice. equality and freedom. Durin8 the rey)rting period. SBS continued to deliver against irs strate8ic objective5, including Strengthening advc(acy and counselling 5UPPOrt lor migrant women with NRPF. undertaking national carnpaigning on institutional racism and 5afe8uarding failures. and investing in organisational capactty. The organi5ation now enters the next perlod with increased demand for 5ervice5. heiBhtened policy enga8emwL and a complex operating environment for migrant victim-survivors. In the comin8 year. and in line wth its strate8ic fvamew)rk, SBS wll prioritisethe followriNg'. Consolidatlng and expanding advocacy, c4wnsellin& and Ui5T5 SUPI)orL wtth a continued focus ofi rnigrant women affected by immigr3tion-related restriction5. including NRPF. Deepenin8 policy and systems ad¥r￿cY io addre55 institutional rdCiSm and 5truttural barrier5 Wlthin policin& immigration, ar*d safeguarding respofise5 to violence against women and girls. Strengthening financlal resilience and operational infr35trUrture. including income diversification and governance oversight, to ensure service continuity amid rising demand. 5upportlng workforce 5tabillty and development. recognising the increased cornplexity of cases and the need for specialist, trauma-informed, and cuhurally competent practice. Sustalning community engagement and public edu(*lon. particularly In response to ernerging risks facing Black. minoritised and migrant women. including criminalisation and exclusion from protettlon. Using e¥iderKe, learniD& and frlfed eXper1eM￿ from frontline services and campaigning activity to inform f￿tUre service developmenL policy engagement. and public debate. These priorlties reflett SBS'S commf(ment to Tneeting tN)th immediate and long-terrn need. while responding to a rapidly shifting policy and funding landscape affecting Black, minorttsed antl migrant women. Finanaal revbew DurinBthe year ended 31 March 2025, 5outhall 81ack Sisters ISBSI 8enerated total income of £4.080.96612024.. £3,679,997), compri5in8 £3,395,262 in grant funding and £685,704 from donations. investment income. and other activitie5. This includes one-off donation5 from Southall Black Sister5 Trust. notably a freehold property valued at £450.OLK) and unrestricted cash contributions. Total expenditure for the year wa5 £3,548.71312024.. £3,657.5991, ￿ultI￿g in a net incorne before revaluation of £532,253. A revaluatM)n gain of £SO.CK¥J on the property has been added to reser¥e5, giving a final net movement in funds of £582,253. The increase in unrestricted funds to £l.T35,03812024= £1.150,0841 refiects both the one-off contributions and careful Flnancial management. Restrittedfun(Is stood at £411.21612024= £413.9171, aligned wilh rnutri-year project allocations. Cash at year*nd wa5 £963.561. The underlying financial ￿Su1t. excluding ontroff PToperty transfer5 and r￿alUatIOn. remain5 Positive, demonstrating effective cost control. Cash decreased slightly by £IS.457 due to timing drfferences in restritted projert income and planned use of reserve5. SBS'S liquidity remains 5tron& supported by prudent cash management and regular forecasting. Investment income of £21,454 was generated from bank deposits. wtth a focus on capital preservation and ethical standèrds. Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) The organi5ation continues to re￿ on ko staiutory fundets, particularty the Home Office and the London Mayor's Office. Whilethese funding relationships remain stable. S8S 15 artivety seekingto grow unrestricted ¢ncome thfouBh individual givin& grant-rnaking trusts, and strategic partnerships. Budgets for 2025-26 have b￿n approved vrith conservative a5sumption5 and inflationary adI￿lmentS. Quarterly budget monitoring and forecasting are unilertaken by the Finance SutFCommittee. Looking ahead, SBS remains committed to financial sustain3bility while invesling in servite deliveryi Staff development, and operational infrastructure. A medium-terrn linancial Pla￿ is in place to eThsu￿ resources are alignwl with Strategic prioTlties. Reserves Policy The Board of Trustees is cornmitted to maintaining an adequate. justyfied and reasonable level of reserves in line with Guidance from the Cknari(y Commission. In determining the level of reserves held by the Charttable Company, the followingfactor5 have been taken into account: our strategicgoals and risk5,' financial 51rate8y and $L￿taInab11[ty- liquidtty management; commitment to staff and other contracEual obligations: needs of services and beneficiarie5 The Management Committee reviews the reserves polKY annually to ensure S85 maintains appropriate financial resilience. The target reserve is £502.345, equNalent to three rnonths ol core operatin8 Costs leycluding consortium payments). As at 31 March 2025. th¢5 tar8et has been fully achieved. The required amunt is held within two de5¥nated reserves.. Dissolution Contingency.. 3 months waEes-£225,854 Dissdution Contingency: runningiosts- £ 276,491 These reserve5 ensureSBS could continue essential operations and meet salaryand operational obligations for a short period in the event of a major funilin8 disruption. In addr(lon. SBS holds designated reserve5 to support property d￿elopMent, service continuity, and 5trdtegic initiatives.. Premises Development-£ 210,020 NRPF Continuffy Funil-E247,223 Advocacy and HR Review- £ 115,8(X) Fixed Asset Fund- £ 521,659 Inet book value of a55etsl The Management Committee considers ihe level and stwcture of reserve5 to be appropiiate. with sufficient funds held to itigate key risks and supKN)rt future delivery. Re8ular rewiews ensure fund5 are aligned with the Charitable Company's operational and strategic needs. Rlsk Management The Board of Trustees iscommitted tothe0￿%￿n8 id•)tification, wiew.and managementof Fy)tential risks affecting Southall Black Sisters. Oversight of managernent for￿￿ an integral part ot the organisation's governance and strategic plannin8 arrangements. Southall Black Sisters (A Company Lbmited by Guarantee and a Regi5teTed Charity) A key risk rernain5 the or8anisation's reliarsce 5t3tutory fundin& incIL￿Eng funding from the Fk)rne Office and the Mayor's office for Policing and Crime IMOPACI. 7his risk is mitigated through robust perfomance monitoring. stroTh8 8overnance oversight. delivery of hi8h-quality service5. and c0Th5truciNe but independent relatlOn5hips with funders. SBS continues to 1rnpl￿ent a diver5ffjcation strategy to red￿e fundine conceThtratK)n risk and support long-term financial 5U5tainability. This includes grant funding from a range of trusts and foundations. individual gsvin& corporate 5UPPOrt. and earned income linked to the organ￿atIOn.5 specialist expertise. A rolling fwe-year financial plan is rnaintained to monitor fundin8 end dates. forecast income. and ensure tirnely applications for replacement funding. The organisation also recc8nise5 increased operational risks arisin8 from sustained growth demand for services, the cornplexity of cases involving migrafit women. workforce capacity pressure5. These risk5 are man3ged ihrough iegular review of staffing 5truttures. investment in stsffing development and wellbein& ongoin8 assessment of service delivery models. Internal financial and operational risks are mnitored through regular meetin85 of the Management Commbttee and Board, with rtsutine review of budgets. management accounts. cashflow forecasts. and funding strategie5. Structure. governan￿ and management Southall Black Sisters is a company limited by guarantee, with no share capital. I￿OnX)rated on 27 Mar 1995 (company number 30379551. The or8anisatiorb is governed by it5 MenN)randum and Articles of Association. ori8inally adopted on 27 March 1995 aad sub5equenity ameThdthl by special resolution dated 28 Nov 2022 and 21 Sep 2023. The organi5ation achleved charitable Status in September 2023 and is governed in accordance with Charity and company1aw. All Tnembers of the Management Committee are members of the Charitèble Company and agree to contribute an arnount not exceeding £1 to the assets of the company in the event of it being wound up. During the year ended March 2025, the number of members increased from six to seven follo¥ring the appointment of an addtlional member. Members of the Committee att as the Management Committee and Trustees of the Charitable Company and have no beneficial interest in it. The Management Commtttee meets regularly to sei strategic dirertion. make policy decision5. and review organisational perforrnance a8ainst agreed plans. The day-to-day management of the organisation 15 delegated to the Executive pir￿lor and senior managetnent team. who are 5UPPOrted by staff and report to the Management Comrnittee. Reference ond t7dmlnlstrative detoils." Regstered Offi￿ and principal operating address: 21 Aven(Je Road, Southall. MIddlese￿ UBI 3BL Manogement Committee The following served duftng the year and up to the date of this report-. R Gupta- (Chair) S 5harma- Isecreraryl M Inam S Dhaliwal A 5undari S Bapir-Tardv Dr M Alijossafi lapp)inted 3 February 20251 Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) Key Monogement Personnel The Key Management Personnel of the chafity comprise the Executive Thfecror and the senxjr leadership team responsible for the Strategic direttion. operational management. and delivery of core services, including finance, advocacy, policy and campaigning. community en8a8emeN. development and legal sewvice5. Auditors Myers Clark, Suite 7A, Building 6. Croxley Park. Hatters Lane. Watford. H&thJrd5hive. W018 8YH. Bonkers HSBC, 2, Station Road. Hayes. Middlesex. LIB3 4BY. Chority Registration Number.. Company Registrotion Plumber.. 1204937 3037955 Management Committee responslbllities in respert of the financial statements The Committee Members. who serve as the Mana8ement Committee under company Saw and as trustees under charity law, are responsible for preparing the Anfjual Report ènd the fjnancial statements in accordance wtih applicable law, the Charities Act 2011, the Companies Art 2(K)6, and United Kin8dom Generalty Accepied Accountin8 Practice (UK GAAPI. Under companyand charity law, the Management Committee Members are reouiredto prepare financial statementsforeach financial year that gwe a true and fair view of the state of affairs of the charity afjd of the income and expenditure for that period. In preparing these financial statements. the Managemefit Committee Members must.. select suitable accoullting wjlicies and then apply them tonsi5tentfy. make frudgement5 and estimates that are reasonable and prudent.. and prepare the financial statements on the goin6 concerrs basis unless it is inappropriate to presume that the Charitable Cornpany Conti￿Ue in business. The Management CommEttee Members are responsible for maintaining proper accountin8 records that disclose with reasonable accurary at anytime the financial posttion of the(harity and enable them to ensure that the financial statements comply with the Companies Act 20(￿. the Chartties Art 2011. and the charit*s governin8 documents. They are also responsible for safe8uardtng the assets of the charity and hen￿fort3klftg rea￿nable ￿ep5 for the prevention and detection of fraud and other irregularities. A(Idttionally. the Managetnent Committee Members are required to ensure that the charity rneets its legal obligations as a regkstered charity and operote5 in accordance with its Charitable objectives. ststement of disdosure of information to audito So far as each person who was a dirlrtor at rhe date of approval of this report is aware. there is no relevant audit information of whKh the tharitable Compan*s auditor is unaware. Additionally. the management comrnittee individually have taken all the necessary step5 that they ought to have taken as managefflent committee in order to make themselves aware of all relevant audit information and to estaNsh that the Charitable Companws auditor is awa￿ Of ihat information. Auditor In accordance with section 485 of the Companies Act 2[￿ a resolution proposing that Myers aark be re-appointed will be put to a General Meetin8. Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) Small company special pr(Nisions The report of the management commtttee ha5 been prepared in accordance wth the special promsions applicable to entities entitled to ihe small companies. exemption under the Companies Att 2LK)6. As a re8iStered charity, Ihe rewrt has also been prepa￿dtOmeetthe ￿QuIrementS of theCharitiesAtt 2011 and the Charities Statement of Recommwded ￿3£t￿e ISORPI, where applKable. This report was approved and authori%ed for issue by the Mana8ement Committee on 12 January 2026 and signed on it5 behalf by.. STa Execurwe Dirertor Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) Indèpendent Auditors. Report to the members of Southall Black Sistèrs For the year ended 31 Marth 2025 Oplnlon We have audited the financial statements of Southall Black Sisters Ithe'charitable ctynpanrfl for the year ended 31 March 2025 which comprise the statement of financial activities (incorporating an income and expenditure accountl, the balance sheet, the cashflow staternent. and notes to the financial st*ements. including a summary of significant accounting policles. The financial reponine f￿arneV￿rk that has been applied in theiT preparation is applicable law and United Kin8dotn Accounting Standards, including the Financial RerK)rt*ng Standard 102 The Financial Rewrting Standard applicable in the UK and Republic of Ireland. Iunited Kin811orn Generally Accepied Accounting Pratticel. In our opinioft. the financial 5tatements'. 8i¥e a true and fairviewof the stateof the Charitable Companws affairs a5 at 31 March 2025 and of its incoming resources and application of resources, for the year then ended.- have been properly prepared in accordance with United ￿n8dorn Genetally Accepted Accounting Practice,. have been prepared in a(cordance wtth the reouiTements of the Companies 2CKJ6. Basls for oplnlon We conduLted our audit in ￿￿ordanCe wth International Standards on Audtting IUKI IISAS IUKI and applicable low. Our responsibilities under those standards are further described in the Auditorfs responsibilitie5 for the audit of the financial staternents settitsn of our rekx)rt. We are independent of the Charitable Company in accordance with the ethical reouirements that are relevant to our audit of thefinancial statements in the UK, including the FRC'5 Ethic31 Stand£rd and we have fulfilled our other ethical responsibiltties in accordance wth these requirements. We believe that the avdff( evidence we have obtained 1$ sufficient and appropriateto provide a basi5 for ouropinion. Conclusions relatln8 to going Concern In auditin8 the financial 5tatwnents, we have Concluded thatthe rnanagernent committee's use of the goin8 collcern basi5 of accounting in the preparation of the financial statements is appropriate. sed Dn the work we have perfomed. we have not identified any mai￿al uncertainties relating to events or conditions that. individually or Collettlve￿. may cast signrficant ¢Joubt on the Charitable Company's ability to continue as o going concern for a period of at least 12 months fTom when the financial 5tstements are authori%ed for tssue. Our responsibiltties and the responsibilities of the management committee with resp￿ to 80in8 concern are described In the relevant sections of this reporr. Other infomiation The other inforrnatK)n Comp￿Se5 the information included in the tnanagemeni cornmittee annual report. other than the financial statement5 and our èuditorfs ￿￿tsrt thereon. The mana8ernent committee are responsible for the other inforrnation contailled within the annual report. Our opinion on the financial statemeTrts does not cover the other infOrrnat￿n and we do express any form of assurance conclusw)n thereon. In connection with our audit of the financial statement5. our ￿ponsibIlitY is io ￿ad the other information and, in doing so. ion5ider whether the other information is materially incon51Stent wtth the financial statements or our knowledge obtained in the audit, or otherwise appear5 to be materially mi55tated. If we identify s￿h rnaterial inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a rnaterial misst*ernent in the financial statements themselves or a material misstatement of the other infoTmation. If. based on the work we have performed. we conclude that ihere is a material rnisstatement of this other infomiation. we are required to report that fact. We have nothin8to report in this regard. Southall Black Sisters (A Company Limited by Guarantee and a Registered Charity) Opinions on other matters presttibed by the Companles Art 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the management committee report, which includes the directorf report prepared lor the purposes of company law. forthe finandal year for which the financial statements are prepared is consistent with the financial 5tatements.' and the dir¥tor5' re￿rt included within the rnana8ement committee report has been prepared in accordance with applicable le8al requirements. Matters on which we are required to report by exteption In the light of the knowledge and understanding of the tharitable Company and its environment obtained in the course of the audit. we have not identified rnaterial mi5Statements in the directors, reFN)rt iThcluded within the management committee report. We have nothing to rew)rt in resm of thefo11ov￿ng matters in relation to which the Companies Act 2(M)6 and Charities (Accounts and Reports) Regulatlons 21M reouire us to repDrt to you rf, in our opinion- sufficient accountingrecords have not been kept. orreturns adequateforouraudithave not been receivedfrom brdnches not visited by us,. or the financial statements a￿ not in agreement with the accounting records and returns- or certain disclosures of management committee remuneration specified by law are not made- or we have not recetved all the infomiation and explanatk)ns we require for our audit,. or the rnanagement commtttee were ￿￿t entitled to pTepare Ehe fina￿(la1 staternents in accordance with the small companies regime and take advanta8e of the small compafiies, exemptions in preparing the m3na8ement committee report and from the requirement to p￿pare a strategic report. Responslbllitie5 of management committee As explained more fulW in the Fnanagement committee reS￿nSit￿lItle5 Statement Set out on page 4, the rnanagernent committee are responsible for the preparation of the financial statement5 and for being sattsfied that they give a true and lair view, and for such internal tontrol as the management cofflrnittee determine is necessary to enable the p￿paratIOn of financial statements that are free frorn mateiial misstatemenL wherher due to fraud or error. In preparing the finanoal statements. the mana8emeTht committee a￿ responsible for assessing the charitable cornpany's ability to continue as a going concem. discJosin& as applicable. matrers rdated to going concem and using thè8oing concern basis of accounting unless the managetnent committee either intend to liquidate the tharitable company or to cease operations, or have no realiMic alternative but to do so. Audltorfs responsibilities for the audit of the financial statements We have been appointed a5 auditor under seaion 144 of the Charities Act 2011 and report in ￿CordanCe with the Act and relevant regulation made or having effect thereunder. Our objerttves are to obtain reasonable assurance about whether the financial statement5 a5 a whole are free from material mi55tatement, whether due to fraud or error. and to frssue an auditorfs report that include5 our opinion. Reasonable assurance is a high level of 355urance is not a 8uaraTrtee that an audit conducted in accordance with ISAS IUKI will always detect a material rnisstatement when it exists. Missiatements can arise from fraud or error and are considered material if, individualfy or in the a88regate. they could reasonably be expected to influence the economic decÈsions of users taken on rhe basis of these financial staternents. The extent to which our procedures are capable of detetting irregvlarities, is detailed below. Southall Black Sisters (A Company Limited by Guarantse and a Registered Charity) The extent to whith the audlt was considered capable of detettlng Irregularities indudlng fraud In identifying and a55e55la8 the risks of material mrsstatement in respect of irwulartties. including fraud and non- compliance with laws and regulations, we considered the folbwi The nature of the industry and sectOT. control environment and trMJ5ine55 perfomiance including the desi8n of the remuneration Folicies. key drivers f0rtrv￿ee remuneration. trK)nus levels and perf0rniafi￿ targets,. results of our enquirie5 of Management at￿ their own identifKation and osessment of the risks of irregularities.. any rnatters we identified having obtained and rewew the (haritable companws documentation oFtheir policie5 aThd procedures relating to. identifyin& evaluating and cornplwn8 With laws and regulation and wh&her they were aware of any instances of non6 relating to small companies. The members have not required the company to obtain ar¥ au¢lit in accor(lance with settion 476 of the Companies Act 2006. The directors acknowledge their responsibility for cornplying with the requi￿[Dents of the Companie5 Act 2Q)6 with respect to accounting records and forthe preparat￿￿ of accounts. An audit has been carried OLrt vnder section 144of the Charitie5 Att 2011. These financial statements have beeTh prepared in accordance with the provisions applicable to companie5 subject to the small £ornpanies' regirne. The financial statements were approved bythe Board of Director5 on linsert approval datel and signed on it5 behalF bv- S Taha Director Charity Registration Number. 1204937- Company reetstration no: 3037955 Southall Black SFSters Balance Sheet As at 31 March 2025 The note5 on pages IS to 26 form part of these finanoal statements. 14 Southall Black Sisters Statement of Cash Flows As at 31 March 2025 Notes 2025 2024 Cash flows from operating aclivities Net C05h income 82.253 22,398 Adjustmentsto cash flows from ni>n-ca5h items Depreciation of tangible fixed assets Depreciation of intangible fixed a55ets Investment income 12,268 5,750 {21,4541 78,817 16.694 5,750 127,6461 17.196 Working tapital adjustments Increase I Idecreasel in debtors Decrease in creditors Decrease lincreasel in deferred income Net cash flow from operatlng artT¥itles 163,5471 1456,3991 184,8521 1251,3851 32.671 1395,3081 136.911) 11,085.8961 Cash flows from invesling xtivlties Investment income Purchase of tangible fixed assets Purchase of intangible fixed assets Net cash flows from investing arti¥ltles 21.454 27,646 19,7581 6a 21,454 17.888 Net decrease l increase in tssh or cash equivalents 115.4571 11.068,0081 Cash or cash equivalents at l April 979.018 2,047,026 Cash or cash equivalents at 31 March %3,561 979,018 All of the cash flows are derived from continuing operations during the above two periods The note5 on page5 15 to 26 fom part ofthese financial statements. 15 Southall Black Sisters Notes to the financial ststements For the ear ended 31 March 2025 Actojntifig polloes Company Infomiation Southall Black Sisters is 3 privaie Charitable Company. limited by guarantee incorpfftted in England and Waks. The registered office is 21 Avenue Road, Southall. Middlesex, UB213BL Accountlng cO￿entIon The financial statement5 have been wepared in accordan￿ with the Charitable Companrfs Boverning document. the Companies Act 2(￿ and °AccountinB and Reporting by Charities.. Statemènt of Recommended Practice applicable to charities preparire their accounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland ISORP FRS 1021 (effective l January 20191. The disclosure requirements of section IA of FRS102 have been applied other than where additional disdosure is required to show a true and fair The Charttable Company is a public benefrt entity as defined by fRS102. Accordingfy, the accounts formats identify income. expenditure and reserves by fund. The prinupal actounting Oiues are set out below. Qitical accountin8 estimate5 and judgements. In the application of the Charitable Company's accounting polioes, the Board of Directors are required to make judgements. estimates and assumptions about the carryin8 amount of assets and liabilities that are not readily apparent from other SoUr￿s. The estimates and associated assumptions a￿ based on historical experience 3nd other factor5 that are considered to be le￿want. Actual result5 may differ from these e5timate5. The estimates and Under￿1[￿ assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogni5ed in the period in whith the estimate 15 revised where the revision affecrs only that period, or in the period of the revision and f￿Ure periods wherethe revision affects both current and future periods. Going concern The management committee believe that the Charitable Compary ha5 adequate resour￿5 to continue in operation for the foreseeable future. Forecasts have been prepared for the year ahead and funding has been secured for projects to which the Charitable Company is committed. The finarbcial position is subject to regular review and forthis reason the Mana8ementcommittee continueto adopt theEoingconcern basis in preparing the financial statements Income recrenition Income is recognised when the Charitable Company has entiuement, re￿Ipt is probable and the income is measurable. Gran15 are accounted for on a receNable basi5 when the CharÉt¥ble Company has been informed of the award by the donor and condiiions for receipt have met. Grants re￿IVed are only deferred if thev relale ex¢lusivety to future accountinE peric*Ys. Donation5 a￿ accounted for when received. All other income is accounted for on a r￿1Vable basis. 16 Southall Black Sisters Note5 to the financial statements For the ear ended 31 March 2025 Expendrturé recogni￿On Expenditure 15 recognised when there is a legal or constructive obligation committing the Charitable Company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured. All￿￿10n of costs Direct cost5. which comprise ¢osts that relate dirertly to the delivery of the activities. are allocated to the specific aclivity to which they relate. Where direct costs relate to more than one activity they are apportioned. Salaries are aptxjrtioned based on the time spent on each activity and other cost5 on the economic benefit derived by each activity. Premises and administration costs that facilitate the activities but do not change as a result of the activitie5 undertaken, are apportioned across activities based on the economi¢ benefit derived by each activity- Support costs include costs incurred to meet statutory and legal requirements. Fund accountin8 General funds are unrestricted funds which are available for use at the discretion of the Management Committee in furtherance of the general objects of the (haritabbe Company and which have not been designated for other purposes. Designated fvnd5 comprise unrestrTrcted funds that have been set aside by the Management Committee for particular purposes. The aim and use of each designated fund is set out in the notes to the financial Statements. Restrirted funds comprise funds reoived for specific purposes as determined bythe donor. 1.8a Fixed asset imiestments Investments are initsalty reco8ni5ed at their tran53Ction value arbd subsequently measured at their fair value at the balan￿ sheèt date sjsing the open market value. Realised and unrea5ised gains and1055es are taken to the statement of Financial Aciivtties as they arise. Realised gains and losse5 are calculated a5 the difference between Sale proceeds and opening carrying value. or purchase value if acquired during the financial year. Unrealised gains and losse5 are calculated a5 the difference between the fair value at the year end and their carrying value. Realised and unrealised gains are combine(l in ihe Statement of Financial Activitie5. 1.8b Tangiblè fixed assets Equipment and fUrn[tU￿ costire over £1.5(KJ are capitslised. Tangible fixed assets are initially recorded at cost. or fair value for donated assets. Assets are subsequently measured at cost or valuation. less depreciation where applicable. Depreciation is provided on all tarEiblefixed assets, extludinE land and buildings where stated below. to write off the c05t or valuation over their estimated useful lives as follows- Equipment & Furniture Leasehold improvÈments 4 years. 20 years Buildings are not depreclated as it is the Charitable Compan￿5 policy to maintain them in a continued state of 8ood repair. Instead. the property is subject to periodic revaluation to ensure the carryin8 value reflect5 fair value. 17 Southall Black Sisters Notes to the financial statements For the year ended 31 March 2025 1.8c Intangible fixÈd assets Computer 50ftware are capitalised when direct expenditure enhan￿5 or extends the performance of the software beyond tt5 Specifications and can be reliably measured a5 a capital improvement. These costs are amort15ed using a straiBht4ine method over the esiimated useful INe5 of four years. Freehold Property Freehold property is stated at revalued amounts, based on fair value at the balance Sheet date. The property was donated during the year and initialty reC￿￿nISed at fair value. with the COTre5ponding income reported within donations. Revaluations are performed annually. Depreaation is not charged where the propertvs residual value is equal to or exceed5 its orryinE amount. Revaluation gains and losses are recognised in the Statement of Financial AclNTrtie5. Cash arKI cash equivalent5 Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks. other short-term liquid investrnents with ￿lginal maturities of three month5 or less. Financial Irstruments The Charitable Cornpany has elected to apply the provi5ion5 of Section Il'Basic Financial Instruments, of FRS 102 to all of rts finanual instruments. Financial insrruments are reccEnised in the Chatitable Company's balance sheet when the Charitable Company t￿MeS partyto the contractual pro¥￿IDn5 of the instrument. B05icfinantiol assets Basic financial assets. which includedebtors and cash and bank balances, are inttialty measured at transaction price including transaction costs and are Subsequently carried at amort15ed cost usine the effective interest method unle55 the arrangement tonstitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassified as receivable within one year are not arnorti5ed. Basicfinonciolliabilfflties Basic firbarhcial liabilities. which comprise credit￿5 are initialty reco￿lSed at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future receipt5 discounted at a market rate of interest. Financlal Ilabilitie5 classified as payable within one year are not amortised. Southall Black Sister5 Notes to the financial ststenw For the ar ended 31 March 2025 Grants re￿1Vable 2025 2024 Natlonal and local government Asian Women's Resour￿ CentrelLondon Councils Asian Women's Resou￿ CentrelLondon Mayor's Offite Foreign and Home OffKe London Borough ol Ealin8 sola￿ Women's Aid/London Mayor'5 Office Women and Girls NetworklLondon Counols Women arKI Girls NetworklLondon Mayorfs Offi 15,615 15.615 35.267 35,267 1,823,0 1.673,4(X) 128,LXX) 109.000 25,140 23.943 61.163 59.963 52,350 52.350 London Mayor's OFfi¢e 955,796 1,033,623 Trusts and foundations R05a iO,(KXJ The Sister5 Trust 17,350 Charity Projects (Comic Reliefj Esme Fairbairn Foundation 45,914 210,740 46,667 82.731 Quadrature 150.( 277,601 Other Donors who wish to remain anonymous 29.(KKJ 27,¢JJO 3.395.262 3,601,233 19 Southall Black Sisters Notes to the financial statements For the ear ended 31 Marth 2025 staff Costs 2025 2024 Staffin8 costs Wages and salar￿$ Social security Costs Pension Contracted staff Advertisin& training and other 738.937 75.314 32.880 56,284 I9￿37 778.087 77,513 30,907 99.608 28,232 923,252 1.014.347 The number of employees whose total employee benefits lexduding employerf5 National Insuran￿ and employer pension costsl exceeded £60.LLKJ was.. Salary band Number of employees £60,CKII-£70.( £70,001- £80,IMJ £80.001- £9),CMK) £90.001 and above The remuneratitN) of key mana8emenl comprising gr05s salary and employers Nl and pension was £120,814 and contracted staff costs £24.82012024.. £137,785). Employees The averase monthly number of persons linduding management committee) ernployed by the Charitable Company durin8 the year based on head count was 2212024- 231. No trustees. nor any ￿lson$ connected with them, have received any remuneration from the Charitable Company during the year. Net incomel(expenditure) forthe 2025 2024 Thss is stated after charging= Depreciation of owned fixed assets Managemet)t Cornmittee Remuneration Auditors. remuneration lexcludingVATI 18,018 145.634 15.400 22,444 137,785 11,242 Taxation The charity is exempt from corporation tax on tts income and gains to the extent that they are applied for charitable purpose5. As a resutt, no prowsion is required for taxation on bank interest receivable. 20 Southall Black Sisters Notes to the financial slatements For the year ended 31 March 2025 6a. Tan8iblefixed assets Freehold Propertv Leasehold Improvements Equipment & Fumiture Total Cost At l Aprll 2024 Additions Revaluation adjustment Disposals 26,248 106.954 133,202 450.000 50,IKJO 450.LKJO 50,(K)O At 31 March 2025 26.248 106,954 633.202 DepredaOon At l April 2024 Charge for the year Eliminated on disposals 26,248 80.215 12,268 106,463 12.268 At 31 March 2025 26.248 92.483 118,731 Net book¥alue At 31 March 2024 26.739 26,739 At 31 March 2025 14.471 514,471 The freehold property was revalued al 31 March 2025 to £5CM),OCX) by an independent valuer. The resulting revaluation surplus of £50.OW has been ctedited to the Revaluation Reserve. 6b. Intangible fixed assets Intanglble Flxed Assets Total Cost At l April 2024 Additions Disposals 23.(n) 23,000 At 31 Mard) 2025 23,0￿) 23.(XlO Depreclatlon At l April 2024 CharBe for the year Eliminated on disposals 10,062 5,750 10.062 5,750 At 31 March 2025 15.812 15.812 Net book value At 31 March 2024 12,938 12.938 At 31 March 2025 7,188 7.188 21 Southall Black Sisters Notes to the financial ststements For the r ended 31 March 2025 Debtors 2025 2024 Other debtors 652.908 15.909 619,324 475,367 13,659 735.568 Prepayments Accrued income 1.288.141 1,224.594 Creditors: amourts fall1t￿ due within one year 2025 2024 Tèxation and social 5ecurtty costs Accrued expen5 Other credrtors 17,497 267.777 3(X),166 41,667 627,107 22,309 245,142 402.841 8,996 679.288 Deferred Income Southall Black Sisters Notes to the financial stsiements For the ear ended 31 March 2025 Funds Movement rrent Year Brought In¢omin8 Forward Resources Resources Carrfed Expended Transfer5 Revaluations Fotward fjeneral funds 86.179 913￿21 I340￿73) IY6.1361 112,991 Desi8nated fvnds p￿mISeS Development I￿.020 20.0 210.020 Advocacy and HR Rthfiew 95.8(X) 20,0 115.800 NRPF Continuity Fund 227.223 20,OLKI 247,223 Fsxeij Asser Fund 39.677 118.0181 450.(KI) 50.C¥JO 521,659 Building Reserve 25.(X 25,000 Dissolution contingency.. 3 rrK)nths wage5 237,733 111.8791 225.854 Dwoltrtion contingency= running costs 273.452 3,039 276,491 Total De$￿ated fvnds I.W.905 526,160 s0,(K)o 1,622.047 TOTAL UNRESTrICTED FUNDS 1.150.084 913.521 1358,5911 119,976) 50,000 1.735,038 Restricted funds No Recourse to Public Funds 131,(kn5 2A67.873 I2￿75.289} 123.649 Mental Health 31,617 850 120.8261 19.976 31,617 Hamiful Practsces 49.2 75,882 175.8821 49.200 Violence against Women anc 35,878 222.840 1218.1251 40,593 Capactty Building 41.076 41.076 Covid Response 125,C*l 125.081 TOTAL RESTRICTED FUND5 413.917 3.167A45 I3.1￿.122> 19.976 411,216 TOTAL FUNDS 1.564,¢J)i 4.(W,966 13.548.711) 50.000 2.146254 23 Southall Black Sisters Notes to the financlal statements For the ear ended 31 March 2025 Funds Movement Icontlnuedl Prior Year Brought Incoming Forward Resources Re50ur¢es Carried Empended Transfers Forward General fvnds 82.526 1382.6691 175,7741 86,179 Designated fund5 Prerni5es Developrn￿t Advocary and HR Review NRPF Continuity Fund Fixed A55el Fund I￿,020 95.8(K) 227.223 190,020 95.800 227,223 39,677 237,733 273,452 52.362 216,838 228.332 122.4441 9,759 20,895 45.120 Dissoltrtion contingency: 3 months wage5 Dissolution contingency= running costs Total DesiBnated fvnds I.1)10￿75 122A441 75.774 1,063,9)5 TOTAL UNRESTRICTED FUNDS 1,093,101 1405,1131 1.150.084 Restrlcted fvnds No Recourse to Pubfic Funds 165.650 31.617 2.956.726 12,991,311) 131,065 31,617 49.2C 35,878 41.076 Mental Health HaTmful Prattices 49.2LMJ 75.882 175,8821 1185.2931 Wiolence against Women and Girls Capacity Building Cowd Response 35.878 41.076 125,081 185.293 125.081 TOTAL RESTRICTED FUND5 448.502 3217.901 13.Z52.4861 413.917 TOTAL FUNDS 1.541.603 3*79.997 13,657,599) 1,564,001 24 Southall Black Sisters Notes to the financial statements For the year ended 31 March 2025 io. Purpose of funds The Premises Development Fund represents amounts set aside to redesign, or possibly expand, the current office space.. upgrade the security Systèms and meet Maintenan￿ and redecoration cost commitments as set out in the property lease. The Advocacy and HR Review Fund represents amount put aside to review how the orsanisation delivers servi￿, and imptement any recommendations that arise from thi5 review. The NRPF Continuity Fund replaces the Employee Fund and the NRPF FurKI and represents amount5 set aside to meet commttrnent5 under No Recourse to PU￿1C Funds programme5. The fund is intended to cover the direct costs, salarie5 and ielated support costs needed to maintain services in the event that current funding ceases and cannot be immediately replaced. The Fixed Asset Fund represents funds tied up in Fixed Assets at)d equates to the net book value of assets purthased. The building reserve fund represents 5% of the property valuation and is to contribute towards potential major repairs. The Dissolution Contingencies iepre5ent ihe provision set aside to cover redundancy and running costs in the event of losing a big furhder. The Restricted funds represent fund5 receNed for projects that are not cotermirK)US Wlth the Chafitable Companvs year*nd. Thesefunds will be spent in future years for the purposes given. 11. Analysls of net assets between funds Current Year Restricted Unrestricted Total Fixed assets 521,659 521,659 Net Current A55ets 411.216 1,213.379 1,624,595 411,216 1.735.038 2.146,254 Prior Year Restricted Ut)restritted Total Fixed assets 39,677 39.677 Net Current A￿etS 413,917 1.110,407 1,524.324 413.917 1,150.084 1,564,001 25 Southall Black Sisters Notes to the financial sLitements For the ar ended 31 March 2025 12. Related organisation Southall Black Sisters Trust is a registered tharity established to Pfovide relief to women, their children. and familie5 particularty those of Asian, Afvican, and Caribbean origin - residing primarily in the West London area, who are in condition5 of need, hardship. dar8er, or distress. It also works to preserve and protect their health and promote their aLfvancement. During the year. the Charitable Company re￿ived significant donations from the Southall Blad( Sisters Trust, which is considered a ￿lated entity due to shared charitable objertives. These donations weie made as part of the Trust's closure and the tiansfer of its remaining assets to support the ongoire work of the Charitable Company. On 2 July 2024, the Trust donated its freehold property, located at 21 Avenue Road, Southall, UBI 3BL, to the CharIta￿e Company. The property had previously been leased to the charity, with the final lease payment made on 31 March 2023. At the time of donation. no contemporaneous valuation was undertaken. For financial reporting purposes, the property was recognised at £450,CKKJ, based on an independent market valuation dated 31 March 2024, prepared by Keith Fraser BSC IHonsl MRICS. In additionto the property, the Trust also donated its remaining L3sh balance of £133.626.82 to the Char5table Company before formally closin& Both donations were made without conditions. and no consideration was exchanged. The trustees confirm that all transactions with the related party were tonducted in accordance with the charl￿$ @overning documents and conflitt of interest policy. and that no trustee benefited personally from the trans3Ciions. At 31 March 2025. the following balances owed to the Ctharitable Company by Southall Black Si5ter5 Trust are included in debtor5'. 2025 2024 Grants Donations Costs incurred on behalf of the Trust 133.627 11,803 3,763 1.500 145,430 5.263 At 31 March 2024 and 2025. there were no outstanding balances owed by the Chafttable Company to the Trust, and no amounts were included in creditors. 13. Control In the opinion of the management committee, the￿ is no ultimate controlling partv. 26 Southall Black Sisters Notes to the flnancial slatements For the ar ended 31 March 2025 14. Local Government and Housing Art 1989 Thè Charitable Company re￿iVed a total of £128,CKX)12024.. £109,otX)I from Local Authorities. In accordance with subsettion 37141 of the Local Government and Housing Act 1989. all grants have been fully utilised in accordance with the terms under which they were originalty granted and have been expended on revenue item5 in the normal course of the Charttable Companrfs activities. 27