##
|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|||||
##
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##
||||||||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)|