Charity registration number 1197666 (England and Wales)
Company registration number 12914735
EXIT HATE UK LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
EXIT HATE UK LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Nigel Bromage
Chris Jones
Katie Smith
Charity number
1197666
Company number
12914735
Registered office
71-75 Shelton Street
Covent Garden
London
United Kingdom
WC2H 9JQ
Independent examiner
Mark McLean FCA
Thomas & Young Limited
Carleton House
266-268 Stratford Road
Shirley
Solihull
B90 3AD
EXIT HATE UK LTD
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 13
EXIT HATE UK LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

The Trustees present their annual report and financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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).

Objectives and activities

The charity's objects are to advance conflict resolution and reconciliation for the public benefit in communties in the UK that are adversely affected by far-right extremist activities. The policies adopted in furtherance of these objects are relieving suffering, poverty and distress and building and maintaining social cohesion and trust within and between communities. Identifying the causes of far-right extremism, advancing education about far-right extremism and its impact. Providing advice, counselling and support to individuals involved in far-right extremism and their families and promoting dialogue, mutual understanding and peace within communities. There has been no change in these during the year.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

During this financial year, Exit Hate has sought to consolidate our position as a charity and develop partnership working, to widen awareness of the work we do and develop further opportunities for growth.

Looking ahead the charity feels its widening audience, with regard to both support requested and also growing partnership work, reflects the charity's growing stature within our field of work and we will continue to look for further opportunities to reduce extremism via education, compassion and understanding while advocating all extremism and violence is wrong.

Seeking to support people many walk away from, we don't and believe the best way of reducing extremism is by going to the core of the problem i.e., extremists involved and then try and persuade them to change their lives and walk away from a life of hate.

Not easy, we understand many people involved in extremism are victims, not monsters and we believe by seeing people as individuals first, not extremists, positive change is possible through dedicated support by people with lived experience, who offer full support, without judgement.

Having supported 46 in-depth cases this year and 117 others who did not need long-term support, we are pleased to say that all families helped felt supported and all those that were supportive of extremism either stopped supporting extremist narratives completely or reduced their support for extremism after engagement and support.

Financial review

Consolidating work with MOPAC in London and META for support with their redirect programme, Exit Hate is conscious of the need for long-term funding with regard to trying to challenge and reduce the impact of extremism on individuals, their families and the wider community. As such Exit Hate is currently applying for multi-year funding to provide and improve free mentoring support to people in critical need.

During the year, income of £73,423 was achieved through providing services or receiving grants to support the charity's activities of which £25,011 was relating to restricted grant and £48,412 is unrestricted. Expenses of £99,453 were incurred to deliver those activities, the vast majority of which related to charitable activities. £25,011 of the total expenses were relating to restricted funds and £74,442 is unrestricted. A deficit of £26,030 was achieved in the year, which is added to the previous surpluses of £52,418 giving total fund balances of £26,388 to take into next year. The trustees are satisfied with the charity's financial performance for the year.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

EXIT HATE UK LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
Structure, governance and management

The charity is a company limited by guarantee and is incorporated under a Memorandum and Articles of Association dated 30 September 2020 as amended by special resolution registered at Companies House on 8 January 2022.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Nigel Bromage
Chris Jones
Katie Smith

The management of the charity is the responsibility of the trustees, who are elected, appointed and co-opted under the terms of the charity's constitution.

 

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees' report was approved by the Board of Trustees.

Nigel Bromage
Trustee
24 March 2025
EXIT HATE UK LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EXIT HATE UK LTD
- 3 -

I report to the Trustees on my examination of the financial statements of Exit Hate UK Ltd (the charity) for the year ended 30 September 2024.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mark McLean FCA
Thomas & Young Limited
Carleton House
266-268 Stratford Road
Shirley
Solihull
B90 3AD
Dated: .........................
EXIT HATE UK LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
29,662
25,011
54,673
64,614
Charitable activities
4
18,750
-
18,750
61,173
Total income
48,412
25,011
73,423
125,787
Expenditure on:
Raising funds
5
350
-
350
79
Charitable activities
6
74,092
25,011
99,103
100,474
Total expenditure
74,442
25,011
99,453
100,553
Net income/(expenditure) and movement in funds
(26,030)
-
(26,030)
25,234
Reconciliation of funds:
Fund balances at 1 October 2023
52,418
-
52,418
27,184
Fund balances at 30 September 2024
26,388
-
26,388
52,418

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

EXIT HATE UK LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
12
1,390
1,702
Current assets
Debtors
13
8,337
18,750
Cash at bank and in hand
19,529
34,617
27,866
53,367
Creditors: amounts falling due within one year
15
(2,868)
(2,651)
Net current assets
24,998
50,716
Total assets less current liabilities
26,388
52,418
The funds of the charity
Unrestricted funds
18
26,388
52,418
26,388
52,418

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 24 March 2025
Nigel Bromage
Trustee
Company registration number 12914735 (England and Wales)
EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
1
Accounting policies
Charity information

Exit Hate UK Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 7 -
1.5
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 are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes 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 classified as receivable within one year are not amortised.

EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount 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 that are 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
120
-
120
1,660
-
1,660
Grants
29,542
25,011
54,553
62,954
-
62,954
29,662
25,011
54,673
64,614
-
64,614
EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 9 -
4
Income from charitable activities
Service contracts
Service contracts
2024
2023
£
£
Other income
18,750
61,173
Analysis by fund
Unrestricted funds
18,750
61,173
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Advertising
350
79
6
Charitable activities
Direct charitable expenditure

Charitable expenditure 1

2024
2023
£
£
Staff costs
55,570
52,065
Share of support costs (see note 7)
38,903
43,441
Share of governance costs (see note 7)
4,630
4,968
99,103
100,474
Analysis by fund
Unrestricted funds
74,092
100,474
Restricted funds
25,011
-
99,103
100,474
EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 10 -
7
Support costs allocated to activities
Charitable activities
Total
2024
2023
£
£
Depreciation
684
838
Administrative support
20,679
20,711
Bank charges
36
49
Computer running costs
3,599
2,947
Room hire
120
987
Telecommunications
840
932
Travel expenses
9,634
13,538
Printing, postage and stationery
1,162
1,941
Staff training
1,589
1,441
Sundry expenses
560
57
Governance
4,630
4,968
43,533
48,409
2024
2023
Governance costs comprise:
£
£
Independent examination
1,200
1,200
Legal and professional
-
1,400
Accountancy and bookkeeping
3,430
2,368
4,630
4,968
8
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
1,200
1,200
Depreciation of owned tangible fixed assets
684
838
9
Trustees

None of the trustees' (or any persons connected with them) received any remuneration or benefits from the charity during the year, but the total expenses reimbursed to the trustees during the year was £158 (2023 £454).

EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 11 -
10
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
3
3
Employment costs
2024
2023
£
£
Wages and salaries
54,562
51,275
Other pension costs
1,008
790
55,570
52,065
There were no employees whose annual remuneration was more than £60,000.
11
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

12
Tangible fixed assets
Computers
£
Cost
At 1 October 2023
2,540
Additions
372
At 30 September 2024
2,912
Depreciation and impairment
At 1 October 2023
838
Depreciation charged in the year
684
At 30 September 2024
1,522
Carrying amount
At 30 September 2024
1,390
At 30 September 2023
1,702
13
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,337
18,750
EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 12 -
14
Loans and overdrafts
2024
2023
£
£
Directors' loans
177
19
Payable within one year
177
19
15
Creditors: amounts falling due within one year
2024
2023
£
£
Borrowings
177
19
Other taxation and social security
-
562
Other creditors
163
231
Accruals and deferred income
2,528
1,839
2,868
2,651
16
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,008
790

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
MOPAC Grant
-
25,011
(25,011)
-

MOPAC grant funding was in relation to specific project called Vulnerable Support Champions and trained people to understand extremism and support vulnerable communities under attack from extremists who seek to manipulate them

 

EXIT HATE UK LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 13 -
18
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
General funds
52,418
48,412
(74,442)
26,388
Previous year:
At 1 October 2022
Incoming resources
Resources expended
At 30 September 2023
£
£
£
£
General funds
27,184
125,787
(100,553)
52,418
19
Related party transactions
Transactions with related parties

During the year, the interest free loan from a trustee and director was repaid. The balance due to that trustee as at 30th September 2024 related to expenses and totalled £177.

 

 

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