Charity number: 1204976
EQUAL OPPORTUNITIES
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Doc ID: 113024bf2b960bec61c7cd08e101709497406f53
EQUAL OPPORTUNITIES
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 15 |
Doc ID: 113024bf2b960bec61c7cd08e101709497406f53
EQUAL OPPORTUNITIES
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Trustees Petya Koleva, Chair Violeta Andreeva Katya Chausheva Silvia Anguelova Charity registered number 1204976 Principal office 136 Whitehall Road Woodford Green IG8 0SB
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Doc ID: 113024bf2b960bec61c7cd08e101709497406f53
EQUAL OPPORTUNITIES
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Trustees present their annual report together with the financial statements of the EQUAL OPPORTUNITIES for the 1 October 2024 to 30 September 2025.
Equal Opportunities was registered as a Charitable Incorporated Organisation in September 2023. The charity is governed by a board of four trustees who are responsible for the strategic direction and management of the organisation.
Trustees are responsible for ensuring that the charity operates in line with its charitable objectives and complies with the relevant regulations. Trustees meet periodically to review the charity’s activities, monitor progress, and make decisions regarding the development of the organisation and the support provided to the children.
The charity relies on the voluntary efforts of trustees and volunteers who contribute their time and expertise to deliver its activities.
Objectives and activities
a. Policies and objectives
The charity aims to assist and support children from social housing and orphanages in Bulgaria in advancing their education and improving their life opportunities.
Equal Opportunities CIO seeks to identify bright and motivated children who wish to further their studies but lack the financial resources to do so. The charity provides support through educational assistance, mentoring, and where necessary financial help to enable these young people to pursue their educational goals..
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The organisation currently undertakes three main activities based in Bulgaria.
Educational Support
The charity provides weekly one-to-one lessons to help improve the children’s academic performance and confidence in their school subjects.
Mentoring Programm e
Children are paired with adult mentors who provide guidance, encouragement, and emotional support. These mentoring sessions take place weekly or monthly and aim to build self-esteem, resilience, and motivation for future education.
Financial Assistance
Where necessary, the charity provides financial support to help with essential needs such as seasonal clothing, study materials, and other education-related expenses.
These activities are delivered through the work of the charity’s trustees and volunteers.
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Doc ID: 113024bf2b960bec61c7cd08e101709497406f53
EQUAL OPPORTUNITIES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Achievements and performance
a. Main achievements of the Charity
During the year the charity continued supporting children in improving their educational outcomes and confidence in their studies.
Our support has helped the children remain engaged with their education and work towards achieving their academic goals.
Last year, one of the girls supported by the charity was accepted into university, marking an important milestone in her educational journey. Unfortunately, due to personal circumstances she was unable to continue her studies and withdrew from the university after the second month.
Despite this challenge, the charity continues to support students who demonstrate strong academic commitment. At present, two girls supported by the charity are studying at different universities and are performing very well academically. Their dedication and progress are encouraging and reflect the positive impact of the educational and mentoring support provided.
During the year the charity also continued to develop its online presence through its website: www.equalopportunities.org.uk
The website enables visitors to learn more about the charity’s work, follow the progress of the children being supported, and contribute through one-off or recurring donations. This helps increase transparency and encourages wider community engagement with the charity’s mission.
a. Financial review
During the year the charity received income through donations and contributions from supporters. These funds were used to support the charity’s activities, including educational support, mentoring initiatives, and financial assistance for the children supported by the charity.
The trustees continue to manage the charity’s funds carefully to ensure that resources are used effectively to support the charity’s objectives.
b. Reserves policy
The Charity seeks to maintain reserves which match any obligation, such as to beneficiaries, and to ensure sustainability beyond the next quarter. The target is to build and maintain unrestricted reserves equating to three months normal expenditure
c. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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Doc ID: 113024bf2b960bec61c7cd08e101709497406f53
EQUAL OPPORTUNITIES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Structure, governance and management
a. Constitution
EQUAL OPPORTUNITIES is a registered charity, number 1204976, and is constituted under a CIO Foundation governing document.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the governing document.
Plans for future periods
The charity intends to continue supporting children from social housing and orphanages in Bulgaria by providing educational support, mentoring, and financial assistance.
Future plans include:
-
Continuing support for the students currently studying at university
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Expanding mentoring and tutoring support for additional children
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Increasing awareness of the charity’s work through its website and community engagement
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Developing fundraising opportunities to allow the charity to support more young people in the future
Vision
At Equal Opportunities, we envision a world where every child, regardless of their background or circumstances, has access to the educational resources and opportunities necessary to realise their full potential.
Through education, mentorship, and practical support, the charity aims to empower young people to build successful and independent futures while contributing positively to their communities.
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EQUAL OPPORTUNITIES
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the . They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Petya Koleva
Date: 15 June 2026
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EQUAL OPPORTUNITIES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 14,340 1 14,341 7,881 7,881 6,460 24,230 6,460 30,690 |
Total funds 2025 £ 14,340 1 14,341 7,881 7,881 6,460 24,230 6,460 30,690 |
Total funds 2024 £ 29,827 - |
|---|---|---|---|
| 29,827 | |||
| 5,597 | |||
| 5,597 | |||
| 24,230 | |||
| - 24,230 |
|||
| 24,230 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 15 form part of these financial statements.
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EQUAL OPPORTUNITIES
BALANCE SHEET AS AT 30 SEPTEMBER 2025
| Note Fixed assets Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds |
31,440 31,440 (750) |
2025 £ - 30,690 30,690 30,690 30,690 - 30,690 30,690 |
24,980 24,980 (750) |
2024 £ |
|---|---|---|---|---|
| - 24,230 |
||||
| 24,230 | ||||
| 24,230 | ||||
| 24,230 | ||||
| - 24,230 |
||||
| 24,230 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Petya Koleva
Date: 15 June 2026
The notes on pages 8 to 15 form part of these financial statements.
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Doc ID: 113024bf2b960bec61c7cd08e101709497406f53
EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. General information
EQUAL OPPORTUNITIES: is a registered charity, number 1204976, and is constituted under a CIO - Foundation model.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
EQUAL OPPORTUNITIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
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EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
2. Accounting policies (continued)
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Cash at bank and in hand
Cash at bank and 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.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.7 Financial instruments
The Charity 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
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EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
3. Income from donations and legacies
| Unrestricted funds 2025 £ Donations 14,340 Unrestricted funds 2024 £ Donations 29,827 |
Total funds 2025 £ 14,340 |
|---|---|
| Total funds 2024 £ 29,827 |
4. Investment income
| Unrestricted funds 2025 £ Interest receivable 1 5. Analysis of grants Grants, Educational support Grants, Educational support |
Total funds 2025 £ 1 Grants to Individuals 2025 £ 6,657 Grants to Individuals 2024 £ 4,595 |
Total funds 2024 £ - |
|---|---|---|
| Total funds 2025 £ 6,657 |
||
| Total funds 2024 £ 4,595 |
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EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2025 £ Educational support costs 1,225 Tuition grants 6,656 7,881 Unrestricted funds 2024 £ Educational support 1,002 Tuition grants 4,595 5,597 |
Total 2025 £ 1,225 6,656 |
|---|---|
| 7,881 | |
| Total 2024 £ 1,002 4,595 |
|
| 5,597 |
7. Analysis of expenditure by activities
| Educational support costs Tuition grants |
Grant funding of activities 2025 £ - 6,657 6,657 |
Support costs 2025 £ 1,225 - 1,225 |
Total funds 2025 £ 1,225 6,657 |
|---|---|---|---|
| 7,881 |
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EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
7. Analysis of expenditure by activities (continued)
| Educational support Tuition grants |
Grant funding of activities 2024 £ - 4,595 4,595 |
Support costs 2024 £ 1,002 - 1,002 |
Total funds 2024 £ 1,002 4,595 |
|---|---|---|---|
| 5,597 |
Analysis of support costs
| Bank charges Accountancy fees Computer costs Foreign currency differences Bank charges Accountancy fees |
Educational support 2025 £ 105 750 349 21 1,225 Educational support 2024 £ 252 750 1,002 |
Total funds 2025 £ 105 750 349 21 |
|---|---|---|
| 1,225 | ||
| Total funds 2024 £ 252 750 |
||
| 1,002 |
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EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 30 September 2025, no Trustee expenses have been incurred (2024 - £NIL) .
9. Creditors: Amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 750 | 750 |
10. Financial instruments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 31,440 | 24,980 |
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EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 11. Statement of funds Statement of funds - current year Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds - all funds |
Balance at 1 October 2024 £ 24,230 |
Income £ 14,341 Income £ 29,827 |
Expenditure £ (7,881) Expenditure £ (5,597) |
Balance at 30 September 2025 £ 30,690 |
|---|---|---|---|---|
| Balance at 30 September 2024 £ 24,230 |
| 12. Summary of funds Summary of funds - current year General funds Summary of funds - prior year General funds |
Balance at 1 October 2024 £ 24,230 |
Income £ 14,341 Income £ 29,827 |
Expenditure £ (7,881) Expenditure £ (5,597) |
Balance at 30 September 2025 £ 30,690 |
|---|---|---|---|---|
| Balance at 30 September 2024 £ 24,230 |
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EQUAL OPPORTUNITIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Current assets 31,440 Creditors due within one year (750) Total 30,690 |
Total funds 2025 £ 31,440 (750) 30,690 |
|---|---|
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 24,980 (750) 24,230 |
Total funds 2024 £ 24,980 (750) 24,230 |
|---|---|---|
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