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2021-03-31-accounts

Reports Reports
Reference and administrative
details ofthe charity, its
Management
Committee
and its advisers		 1
Report ofthe Management
Committee		 2
Statement
ofTrustees'
Responsibilities		 14
Independent
Auditor's
Report to the Members		 of Race
Equality
Foundation		 16
Financial Statements
Statement of Financial Activities 20
Balance sheet 21
Statement ofCash Flows 22
Notes to the Financial Statements 23

Reference
advisers		 and admi nistrativ e details of the charity, its Management
 Committe Committe e
and		 its
Status The organisation
is a charitable		 company limited by
guarantee
registered
as a charity on 29 November		 1995,
and incorporated
on 20 March		 1997.
Management Committee C Pennie —Trustee and Chair
J Lane —Trustee and Vice Chair
R Karim —Trustee and Company Secretary
J Dumont-Barter
—Trustee
JJean-Jacques —Trustee (Resigned 22 July 2021)
A Chowdry —Trustee and Company Secretary
C Farquharson
—Trustee
T Gill —Trustee and Treasurer
G Randhawa
—Trustee
M Owusu —Trustee
Registered office and operational address Unit 17Deane House Studios
27 Greenwood
Place
London
NWS 1LB
Company registration number 03121679(England
and Wales)
Charity registration number 1051096
Auditor McBrides Accountants
LLP
Nexus House
2 Cray Road
Sidcup
Kent
DA14 5DA
Actuaries Barnett Waddingham
LLP

2021 2020
Restricted Unrestricted Total Tota
I
funds funds funds funds
Notes E E 6 E
Income
Donations
and legacies		 - Donations 21,082 21,082
Income from charitable activities
—Promoting
good race		 relations 2 1,092,934 144,096 1,237,030 934,961
—Coronavirus
job retention
scheme		 6 38,676 38,676
Investment
income		 205 205
Total income 1,092,934 204,059 1,296,993 934,961
Expenditure
Expenditure
on charitable
activities
—Promotmg
good race		 relations 3 1,039,128 141,111 1,180,239 922,448
Tote I expenditure 1,039,128 141,111 1,180,239 922,448
Net income forthe year 53,806 62,948 116,754 12,513
Transfer offunds 6,336 (6,336)
Other recognised
gains		 and losses:
-Re-measurement
ofthe pension fund net		 defined liability
Change
in finanoal		 assumptions (799,000) (799,000) 451,000
Return on plan assets excluding interest income 885,000 885,000) (269,000)
Net income and net movement in funds for the
year 60,142 142,612 202,754 194,513
Fund balances brought forward 87,944 87,944 (106,569)
Fund balances carried forward 60,142 230,556 290,698 87,944

Notes 2021 2021 2020 2020
f f f f
Fixed assets
Tangible assets 1,370 327
Current assets
Debtors 10 126,233 106,278
Cash at bank and
m hand		 460,953 233,822
Total Current Assets 587,186 340,100
Liabilities
Creditors falling due within one year 11 (245,858) (131,483)
Net Current Assets 341,328 208,617
Total assets less current liabilities 342,698 208,944
Creditors
falhng
due after more		 than one
year
- Pension
liability		 (52,000) (121,000)
Total Net Assets/(Liabilities) 290,698 87,944
The funds ofthe charity
Restricted
mcome funds		 12 60,142
Unrestricted
income funds
—General fund 12 282,556 208,944
Pension reserve 14 (52,000) (121,000)
Total Funds/(Deficit) 290,698 87,944

Notes 2021 2021 2020 2020
E 6 E E
Net income/(expenditure) 116,754 12,513
Adjustments:
—Investment
income		 (205)
—Depreciation 671 327
- Pension fund 17,000 59,000
-(Increase)
m debtors		 (19955) (10,597)
- Increase
in creditors		 114,375 94,420 10,983 386
Net cash generated
by operatmg		 activities 228,640 72,226
Cash provided/(used)
by		 investing activities
- Investment
income		 205
- Capita I expenditure (1,714)
Increase
in cash and cash		 equivalents in the year 227,131 72,226
Cash and cash equivalents at the beginning ofthe year 233,822 161,596
Cash and cash equivalents at the end ofthe year 460,953 233,822
Cash on deposit (less than 3 months) 458,510 226,136
Cash on current account and in hand 2,443 7,686
Total cash and cash equivalents 460,953 233,822

2.Income from cha ri table
acti		 vities Restricted Unrestricted 2021 2020
funds funds Total Total
funds funds
E 6
Grants
Dept. ofHealth —Health and Wellbeing: Framework 89,500 89,500 59,998
Dept. of Health —Health and Wellbeing: Parental conflict 30,000 30,000
Dept. of Health —COVID-19: Dementia 475,030 475,030
Dept. of Health —Health and Wellbeing: Musculoskeletal 69,810
Dept, of Health —Health and Wellbeing: Blood pressure 69,950
NHS England —Learning disabilities 50,000 50,000
Lambeth,
Southwark		 & Lewisham RISE 96,200
SFSCRandomised
Control Tnal		 65,850 65,850 49,961
SFSC Wa Itham Forest 106,353 106,353 112,723
5FSCWestminster 85,431 85,431 107,161
SFSCCookham Wood 29,555 29,555 45,162
SFSCCity of London 25,912 25,912
SFSC - Other 75,006 75,006 94,261
The Health
Foundation		 —Collaboration for Wellbeing
and Health 50,297 50,297
The Baring Foundation —Inclusion in Arts and Mental
Health activities 10,000 10,000
Other income
SFSCTrainmg
and reference material		 88,987 88,987 151,920
Consultancy 55,109 55,109 77,815
1,092,934 144,096 1,237,030 934,961
2020 700,316 234,645 934,961
Notes to the Financial Notes to the Financial Statements Statements Statements
3.Expenditure
on charitable		 Cent ra I core Staff costs Direct 2021 2020
activities costs (Referto operating Total Total
(Refer to note 6) costs
note 4)
E
Dept. of I-lealth —Health and Wellbeing:
Framework 15,281 71,058 3,502 89,841 60,106
Dept. of Health —Health and Wellbeing:
Parental
conflict		 2,919 13,570 14,050 30,539
Dept. of Health —COVID-19: Dementia 9,014 41,914 424,225 475,153
Dept. of Health —Health and Wellbeing:
Musculoskeletal 69,909
Dept. of Health —Health and Wellbeing:
Blood pressure 70,533
NHS England —Learning disabilities 187 869 1,200 2,256
Lambeth,
Southwark
lk Lewisham		 RISE 96,763
SFSCRandomised
Control Trial		 10,166 47,274 10,397 67,837 50,883
SFSCWaitham
Forest		 16,472 76,593 13,991 107,056 112,886
SFSCWestminster 9,368 43,561 33,827 86,756 107,851
SFSCCookham Wood 5,253 24,427 130 29,810 45,475
SFSCCity of London 2,018 9,386 15,242 26,646
SFSC - Other 11,738 54,580 9,017 75,335 89,633
The Health
Foundation
—Collaboration
for Wellbeing
and Health		 4,679 21,759 16,681 43,119
The Baring Foundation
—Inclusion		 m Arts
and Mental
Health activities		 775 3,605 400 4,780
SFSCTraining
and reference		 material 21,719 21,719 101,165
Consultancy 22,356 24,908 14,665 61,929 117,244
Coronavirus
lob Retention		 Scheme
furloughed
staff costs		 57,463 57,463
110,226 490,967 579,046 1,180,239 922,448
2020 1.76,621 472,697 273,130 922,448
4.Support and governance costs 2021
6		 2020
E
Further analysis
Premises costs 58,914 80,798
Communication
costs		 1,640 9,2D1
Legal and other professional fees including consultancy 11,485 9,134
Pension scheme
- Current service cost 50,000 54,000
—Past service cost 31,000
—Interest cost (net ofreturn on scheme assets) 3,000 6,000
-Contnbutions
paid &allocated		 in Staff costs (38,000) (33,000)
-Administration
expense		 2,000 1,000
Office costs 18,107 15,768
Depreciation 671 327
Other costs 2,409 2,393
110,226 176,621

This is state d after ch a rgin g:
2021 2020
f f
Depreciation 671 327
Governance Costs:
-Trustees expenses 637
- Auditors remuneration (excluding VAT) 4,750
- Independent
examination		 (excluding VAT) 1,700
Rentals under operating leases:
- Property (excluding VAT) 34,787 55,258
- Equipment 399 799

2021 2020
f f
Salaries 405,426 392,559
Social security costs 36,823 37,059
Pension costs 46,303 40,297
Staff training &Welfare costs 2,415 2,782
490,967 472,697
The average number
ofempl		 oyees
during the year was as fo		 llows:
2021 2020
No No
Chief Executive Officer
Project staff 14
Management and administrative staff
13 16

9.Tangible fixed assets Leasehold Furniture 8 Plant & Office Restricted Restricted Total
Improvements Fixtures Machinery Equipment Fund
Equipmentf
Cost
At 1Apnl 2020 44,018 3,631 10,932 12,205 4,870 75,656
Additions 1,714 1,714
Disposals
At 31March 2021 44,018 3,631 10,932 13,919 4,870 77,370
Depreciation
At 1April 2020 44,017 3,497 10,932 12,013 4,870 75,329
Charge for year 134 537 671
At 31March 2021 44,017 3,631 10,932 12,550 4,870 76,000
Net book values
At 31March 2020 1,369 1,370
At 31March 2021 1 134 192 327
10.Debtors 2021 2020
E f
Fees receivable 78,840 96,091
Prepayment and other debtors 47,393 10,187
126,233 106,278
11.Creditors:
amounts		 falling due within one year 2021 2020
f f
Trade creditors 39,971 15,510
Social security and other taxes 11,549 10,493
Pension contributions 5,390 4,995
Deferred income 107,494 57,316
Accruals and sundry creditors 81,454 43,169
245,858 131,483

11aDeferred Income 11aDeferred Income 2021 2020
E E
Deferred Income brought forward 57,316 53,875
Released to income
in the year		 (57,316) (53,875)
Deferred income in the year 107,494 57,316
Deferred Income carried forward (See note 11) 107,494 57,316
At 1April Income Expenditure Transfer of Funds At 31March
2020 E E 2021
E E
Revenue funding
Dept, of Health —Health and Wellbeing 89,500 (89,841) 341
(why wellbeing
is relevant to health		 policy)
Dept. of Health —Health and Wegbeing:
Parental
confbct		 30,000 (30,539) 539
Dept. of Health —COVID-19: Dementia 475,030 (475,153) 123
NHS England —Learning disabilities 50,000 (2,256) 47,744
SFSCRandomised
Control Tnal		 65,850 (67,837) 1,986
(evaluating
the effectiveness		 of parenting
programmes)
SFSCparenting
programmes		 for
Waltham
Forest		 106,353 (107,056) 703
Westminster 85,431 (86,756) 1,325
Cookham Wood 29,555 (29,810) 255
City of London 25,912 (26,646) 734
Other 75,006 (75,335) 330
The Health Foundation —Collaboration for
Wellbeing
and Health		 50,297 (43,119) 7,178
(collectwe action to address the wider
determinants
of health)
The Baring Foundation (issues around the
inclusion ofEthnically
Diverse		 communities in
Arts and Mental
I-lealth		 Activities) 10,000 (4,780) 5,220
Totalrestricted
funds		 1,092,934 (1,039,128) 6,336 60,142
Total unrestricted
funds
- General fund 208,944 204,059 (141,111) 10,664 282,556
- Pension reserve (121,000) 86,000 (17,000) (52,000)
Total funds 87,944 1,296,993 (1,094,239) 290,698
13.Analysis ofnet assets between funds Restricted Unrestncted Total Total
funds funds 2021 2020
E E E E
Fund balances at 31March
Are represented
by:
- Tangible fixed assets 1,370 1,370 327
Notes to the Notes to the Financial Statements Financial Statements
- Current assets 60,142 527,044 587,186 340,100
Creditors: amounts falling due within one year (245,858) (245,858) (131,483)
Pension liabihty provision (52,000) (52,000) (121,000)
Total net assets 60,142 230,556 290,698 87,944
2020 87,944 87,944

The major assumptions The major assumptions The major assumptions used used by Barnett Waddingham LLP were as follows: 2021 2020
Yo 90
Rate of increase in salaries 3.80 2.90
Rate of increase in pensions in payment 2.80 1.90
Discount rate 2.00 2.35
Rate ofinflation:
- CPI increases 2.80 1.90
- RPI increases 3.20 2.70
The mortality assumptions used were; 2021 2020
Years Years
Longevity at age 65 retinng today
- Males 21.6 21.8
- Females 23.6 23.7
Longevity at age 65 retiring in 20 years
- Males 22.9 22.9
- Females 25.1 25.4
The estimated asset allocation in the scheme and present value ofscheme liabilities 2021 2020
were: 6ooo's 6000's
Equities 2,666 1,979
Gilts 146
Other bonds 216 205
Property 307 304
Cash/temporary investments 204 141
Alternative
assets		 498 390
Other managed funds 312 218

Notes to the Financial Statements
Far value ofscheme assets (bid value) 4,314 3,383
Present value ofscheme
liabilities		 (4,366) (3,504)
Net hability (52) (121)
14
Pension commitments
(continued)
The reconciliation
ofopening
and closing balances ofthe present		 value ofthe defined 2021 2020
benefit obligation
is as follows:		 6000's 6000's
Opening
defined benefit obligation		 3,504 3,815
Current
service cost
Past service costs *		 50 54
31
Interest cost 82 91
Change
in financial assumptions		 873 (358)
Change
in demographic
assumptions		 (37) (25)
Experience loss/(gain)
on defined benefit		 obligation (37) (36)
Estimated
benefits
paid (net oftransfers		 in) (82) (81)
Contribution
by scheme participants		 13 13
Closing defined benefit obligation 4,366 3,504
service cost, together
with a +/-		 1year ag e rating adjustment to the mortality
 assumption
is as		 follows:
6000's f000's 6000's
Adjustment
to discount rate		 +0.1% 0.0% -0.1%
Present value oftotal obligation 4,287 4,366 4,447
Projected service cost 67 69 71
Adjustment
to life expectancy assumptions		 +1year None -1year
Present value oftotal obligation 4,559 4,366 4,181
Projected service cost 72 69 65
Adjustment
to long term salary increase assumptions		 +0.1% 0.0% -0.1%
Present value oftotal obligation 4,380 4,366 4,352
Projected service cost 69 69 69
Adjustment
to pension
increases
and		 deferred revaluation +0.1% 0.0% -0.1%
Present value oftotal obligation 4,432 4,366 4,301
Projected service cost 71 69 67
The reconciliation
offair value of		 scheme assets is as follows: 2021 2020
EOOO's 6OOO's
Opening fair value ofscheme assets 3,383 3,571
Interest on assets 79 85
Return on assets lessinterest 885 (269)
Other actuarial
gains/(losses)		 32
Administration
expenses		 (2) (1)
Contributions
by employer
includmg		 unfunded 38 33

Notes to the Financial State ments
Contributions
by fund participants		 13 13
Estimated
benefits
paid (net oftransfers		 in and including unfunded) (82) (81)
Closing fair value ofscheme assets 4,314 3,383
14
Pension commitments		 (continued)
The reconciliation
ofscheme assets and liabilities		 is as Assets Liabilities Total
follows: 6000's 6000's 6000's
At 1April 2020
Benefits paid		 3,383
(82)		 (3,504)
82		 (121)
Employer contributions 38 38
Fund participant
contributions		 13 (13)
Current service cost
Past service cost		 (50) (50)
Administration
expense
Interest income/(expense)
Re-measurement
gains/(losses)		 (2)
79		 (82) (2)
(3)
—Change
in fmancial assumptions		 (873) (873)
- Return on plan assets excluding interest income 885 885
Change
in demographic
assumptions		 37 37
Expenence
gain on defined benefit obligation		 37 37
Other actuanal
gains/(losses)
At 31March 2021 4,314 (4,366) (52)

Land and buildings Other
Payments due 2021 2020 2021 2020
E E E
Not later than one year 599 400
Later than one year and not later than five years
Total 599 400

2020 2019
Restricted Unrestricted Total Total
funds funds funds funds
Income
Income from charitable activities 700,316 234,645 934,961 722,639
Total income 700,316 234,645 934,961 722,639
Expenditure
Expenditure
on charitable
activities
—Promoting
good race		 relations 704,039 218,409 922,448 779,277
Total expenditure 704,039 218,409 933,448 779,277
Net income/expenditure for the year (3,723) 16,236 12,513 (56,638)
Transfer of Funds 3,723 (3,723)
Other recognised
gains		 and losses:
- Re-measurement
ofthe pension fund net defined		 liability
Change
in financial		 assumptions 451,000 451,000 88,000
Return on plan assets excluding interest income (269,000) (269,000) 119,000
Net income and net movement in funds for the
year 194,513 194,513 150,362
Fund balances brought forward (106,569) (106,569) (256,931)
Fund balances carried forward 87,944 87944 (106,569)