COMPANY REGISTRATION NUMBER: 04616709 CHARITY REGISTRATION NUMBER: 1055386 Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Unaudited financial statements 31 March 2024
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Financial statements Year ended 31 March 2024 Page Trustees, annual report {inGorporating the directors, report) Independent examinerfs report to the trustees statement of financi81 activities (including income and expenditure account) 10 Balance sheet 11 Notes to the financial statements 12
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Trustees. annual report {incorporating the directors. report) Year ended 31 March 2024 The trustees. who are also the directors for the purposes of company law, present their report and the unaudiled financial statements of Ihe charily for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charily's governing document, Ihe Charities Act 201 l and Companies Act 20D6 and Accounting and Reporting by Charities: Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Reference and administrative details Registered charlty name Ipswich and Suffolk Council for Racial Equality Charity registration number 1055386 Company registration number 04616709 Prlncipal office and reglstered 462 Sainl Matthews Street office Ipswich Suffolk IP13EP United Kingdom The trustees The trustees who served during the year and at the date of approval were as follows.. G Clarke MBE (Chair) G Chisholrn (Appointed 0610612023) G Chung {Appointed 0610612023) E Pettman D We8k8S P Burton (Resigned 1810412023) S Connelly (Resigned 08102120241 A Grant OBE (Resigned 3111012024) Dr S Rao (Resigned 0810212024)
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (continuadj Year ended 31 March 2024 Senior Management P Mutumburi (Business and Operations Director) Company secretary S Steward (Resigned 0610612023) S Lee {Appoinled 0610612023) Indèpendent examiner L Thurston FCCA Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA Bankers CAF Bank Limiled 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) fcontinued) Year ended 31 March 2024 Obje¢tives and aclivities Ipswich and Suffolk Council for Racial Equality is referred to locally and throughout these accounts as ISCRE, its activities include the provision of advice, advocacy and support to individuals and families who exparience race and other forms of discrimination or harassment in all aspects of employment and service provision including the criminal justice system, health. education. and housing. Our Activities: ISCRE has continued to provide support to organisations across the East Anglia region through training, advice and support, to understand the impact of racial inequality, whilst equipping them with the tools to help them create inclusive workplaces. This work also includes elevating community voice so that people from diverse communities get the opportunity lo inform s8rvice provision. Our Charitable Objects: The chafily's stated objeclives per the governing document are to work across Suffolk. East Anglia generally and such other places as the Trustees shall determine {including within Her Majesty's Prisons), to work towards the elimination of discrimination on the grounds of a person's race, sex, disabilily, age, marital and civil partnership status, pregnancy and maternity status, sexual orientation, gender reassignment, religion or belief and to promote equality of opportunity and good relations belween all persons and to advance and organise co-operation in the achievement of the a*oresaid purposes- prevent and or reli8ve poverty by providing or assisting in Ihe legal representation, education and Iraining- promote legal rights and responsibilities, human rights and equality and diversity, conflict resolution or reconciliation and the promotion of: Religious or racial harmony or equality for the public benefit by, for example.. The elimination of discriminalion on the grounds of race, gender. disability, sexual orientation or religion. Advancing education and raising awareness in legal rights. Conducting or commissioning research and publishing the results to the public. Cullivaling a sentiment in favour of Ihe rule of law, human rights and equalily and diversity. Public benefit In shaping our objectives for the year and planning our activities. the trustees have considered the Charity Commission's guidance on Public Benefit including, The Public Benefit Requirement (P81), Running a Charity (PB2) and Reporting (PB3). The Trustees confimi that they have complied with their duty in section 4 of the Charities Act 2011.
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (¢ontlnued) Year ended 31 March 2024 Achievements and performance The organisation continues to play a pivotal role in challenging unfaimess and unlawful racial discrimination, whilst keeping race on the agenda in Suffolk and beyond. Our vision of a fairer Suffolk for all people to live, work and visit has been embraced by organisations and individuals across the county. Projects: Desistence Readiness The desistence readiness work in prisons across East Anglia remains one of ISCRE'S flagship projects. ISCRE'S work has contributed to the knowledge, evidence and future development of interventions and policy work with the prisons, minority ethnic communities, and those that are marginalised, disadvantaged or experiencing the worst outcomes towards their rehabilitation in custody. As an external partner supporting prisons in the areas of equality, social inclusion and di5proportionality, ISCRE continues to strengthen its reputstion as an important regional think-tank, addressing the rehabilitation needs of minority ethnic and hard lo reach groups in cuslody. Slop and Search Reference Group ISSRG) - The aim of the SSRG is to build a sustainable relationship beeen members of the community and Suffolk Police in order to further the Equality agenda., ensure legal compliance and influence the wider community cohesion agenda. We faGililate SSRG meetings in order to build trust and confidence in the use of Stop and Search powers. The group provides people from BAME communilies and others with a safe space and a neutral plafform to share Iheir experiences whilst challenging unfaimess in order to reduce disproportionality in tha use of the policing tool. Connecting the Generations work to elevate the voices of young people by facilitating engagement with older people from similar backgrounds lo share experiences and learn from each other. The projects include educating young people aboul pathways towards better opportunities and away from the criminal justice system. Diversity and Equality Works ISCRE'S consultancy service delivering a wide range of services to the voluntary, public and private sectors to further our commitment lo ensuring diversity and equality are at the forefront of driving lifelong change in Suffolk for all. Services delivered include working with staff and organisation to reviewing 8XlSting s8rvic8s, conducting "fit for purpose" reviews and audits based on diversity and equality, diversity and inclusion training and EDI leadership development programmes. As part of this. ISCRE also designs and delivers specialist tailar-made training to meet specific organisational needs and requirements on the issues of diversity and equality.
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (¢ontlnued) Year ended 31 March 2024 Flnancial review The charity continues to be dependent on grant funding to achieve its objectivès. In the year under review the Trustees are grateful lo all those funders. The support from these organisalions has ensured that ISCRE continues to exist and lo deliver services to the most vulnerable people of Suffolk. Service level agreements with Prisons and Suffolk Police were renewed for the year and continue to have positive impact on th& lives of local people. The support from a Local Council and a charity have allowed ISCRE the capacity to identify gaps in service provision and to explore new opportunilies for the charity. The transfer of all legal services projects from ISCRE to Suffolk Law Centre has seen a significant reduction in the balances of restricted funds carried forward. This is because the corresponding balances are now being reported in the Suffolk Law Centre accounts. Nevertheless, the move in the medium to long term will strengthen ISCRE because il can focus its strategy, seNice delivery and fundraising on its core purposes whilst sharing backroom and overhead costs with Suffolk Law Centre. During the year income increased to £129.51412023.' £121.005), despite this there was a deficit in the year of £65,43512023.' deficit of £115,977). Further infomalion about our income and expenditure is set out in the Statement of Financial Activities 8nd supporting notes. Any cash resources not immediately required are held in bank and building society deposits under powers conlained in the m8morandum and articles of associalion. The chariy's deficit in the ctjrrent year has had an adverse effect on year end cash balances, which have decreased to £167,193 {2023.' £253,151). Reserves policy The truslees actively review the reserves available on a regular basis and given Ihe general uncertainty surrounding funding and project income aim to maintain reserves equivalent to approximately £115,000 (2023.. £115,000}. This figure is based on the expected level of expenditure over 6 months. This level of reserves lakes into account existing and future commitments. Al the 31 March 2024 the reseNes held for general purposes amounted to £131,999 (2023= £121,174). Which is in line with the reserves policy of the charity. As at 31 March 2024 total reserves held were £145,778 of which £13,779 wer8 restricted as detailed in nole 16. The remaining £131,999 is unrestricted. and of this £131,977 is considered to be 'free reserve, in line with the Charity Commission guidance. This is in line with the reserves policy of the charity.
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Trustees. annual report {incorporating the directors. report) (continued) Year ended 31 March 2024 Plan5 for future periods The development of a new race equality focussed strategy has progressed well after the separation from Suffolk Law Centre, with new areas of work being developed. The Trustees have agreed to S8t up a new consultancy project to Service deliver a wide range of services to the volunlary, public and private sectors to include working with staff and organisation to reviewing existing services using a diversily perspective, conducting "fit for purpose" reviews and audits based on diversity and equality, diversity and inclusion training and leadership development programmes. As part of this, ISCRE will also design and deliver specialist tailor-made training to meet specific organisational needs and requirements on the issues of diversity and equality. Our relationship with the prisons and the commissioners in the Hertfordshire, Essex and Suffolk region, and our services is now much more integrated into their day-to-day seNice delivery and our services have been commended by His Majesty's Inspectorate of Prisons for its impact in preparing prisoners for life after incarceration. We are looking forward to building on our work in prisons by extending the services to local communities especially those from minority ethnic backgrounds. We are keen lo deliver culturally appropriate projects with looked after young people and those at risk of entering the criminal tsustice system. In the new financial year, we are looking at Consolidating the work of our Stop and Search Reference Group to include public scrutiny of all police powers and training of new police officers. Community engagement with young people has substantially improved, working with schools and colleges to deliver inilialives to increase their awareness of rights whilst enhancing Iheir capability to provide public scrutiny of use of police powers. We have developed and tested interventions with privale and commercial sector organisations, delivering services aimed lowards improving their diverse staff recruitment, retention and progression strategies. These have been well received and we are looking at expanding the services in conjunclion with the Suffolk Chamber and other commercial entities. ISCRE will be bolstering its community engagement initiatives using the newly formed Friends of ISCRE an ISCRE led community group which is working towards keeping race on the agenda by promoting civic participation amongst people from minortly ethnic communities.
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Trustees. annual report {incorporating the directors. report) (continued) Year ended 31 March 2024 Structure, governance and management Ipswich and Suffolk Council for Racial Equality is a company limited by guarantee incorporated on 13 December 2002 and a registered charity constituted 15 May 1996, and governed by trustees, under the terms of its memorandum and articles of association. The current board of trustees and the changes which have OCCUffed since the previous annu81 report are as slated on the reference and administrative details section of these accounts. The Irustees of the company are also dir8Ctors for the purposes of company law. Recrultment and appolntment of new trustees Several of the current trustees are familiar wilh the work of the charity, having served on the Board for some time. Naw trustees are invited lo attend a meeting with the Chaimian and the truslees to familiarise themselves with the charity and Ihe context within which it Operates. Our policy for appointing new trustees is lo identify people who have skills and charaderi5tics that will be beneficial to the charity. On appointment the trustees receive a copy of the governing documents and Charily Commission trust88 documents. New trustees are briefed on Ihe background and work of the charity and future aims. Risk managem8nt The trustees have identified the major risks facing the chanty and have assessed their potential impact. Appropriate systems have been established to monitor and manage these risks. The Board of Trustees follows Ihe Charily Commissions guidance 'Charities and risk managem8nt in identifying and weighting risks. Related parties The Truslees of ISCRE are also Trustees of the associated charity Suffolk Law Centre. who have a clos8 working latiOnship with ISCRE and share space and expertise. This is applicable only until 6th June 2023. after which the ISCRE Trustees stood down from their positions at Suffolk Law Centre. Independent examiner reappointment A resolution to appoint L Thurston FCCA of Lovewell Blake LLP as independent examiner will be proposed at the next Annual General Meeting. Small company provisions This report has been prepared taking advantage of the small companies, exemption of section 415A of the Compan185 Act 2006.
Ipswich and Suffolk Council for Racial Equality Company Limit6d by Guarantee Trustees, annual report (Incorporating the directors. report) (¢ontinued) Year ended 31 March 2024 The Injstees, annual r8port was approved on trustees by.. signed Dn behalf of the board of Ci /./ C62< G Clark8 MBE Trustee and Chair
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Independent examiner's report to the trustees of Ipswich and Suffolk Council for Racial Equality Year ended 31 March 2024 I report to the charity trustees on my examination of the financial statements of the company for the year ended 31 March 2024 which comprise the statement of financial aclivities (including income and expenditure account), balance sheet and the related notes. Responsibilities and basis of report As the charity trust88s of the company (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 {'the 2006 Act'>. Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's financial statements as carried out under section 145 of the Charilies Act 2011 ('the 2D11 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confimi thal no matters have come to my attention in connaction with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirem8nts of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent 8xamination', or the financial statemenls have not been prepared in accordance with the rnelhods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts 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 conn8Ction with the examination to which attention should be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached. r/ts ,././.. L Thurston FCCA Independent Examiner Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Statement of financial activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations. grants and legacies Charitable activities Other trading activities Investment incom8 17,771 22,677 354 3,930 17,771 107,459 354 3,930 18,315 100,620 298 1,772 84,782 Total income 44,732 84,782 129,514 121,005 Expenditure Charitable activilies (33,907) {33,907) {161,0421 (161,0421 1194,949) 1194,949) {236,982} (236,9821 Total expenditure Net expenditure and net movement in funds 10,825 (76,260) 165,435) (115,977) Reconciliation of funds Total funds brought fOard 121,174 90,039 211,213 327.190 Total fund5 carried forward 131,999 13,779 145,778 211,213 The stat8menl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 12 to 20 form part of these financial statements. 10-
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantga Balance sheet 31 March 2024 2024 2023 Note Flxed assets Tangible fix&d ass8ts 13 22 473 Curr8nt a8sgts Debtor8 Cash at bank and in hand 14 27,442 167,193 8,742 253,151 194.636 261,893 Crèditor8: Amounts falllng due wlthln one year 15 148,8791 151.1531 Net current assets 145,756 145,778 210,740 211.213 Total assgts1689 current liabilltie8 Net assets 145.778 211,213 Fund8 of the charity Re8lricted funds Unrestricted funds 13.779 131,999 9D,039 121,174 Total charlty fundB 16 145.778 211,213 For the year ending 31 M&rch 2024 the charity was entitled to exempb'on from audit under section 477 of the Companie8 Act 2006 relating to small compante5. Directors, responsibililies.. The members hav8 not qUired the company lo obtain an audit of its financial stalem8nts for tha year In question In accordance with section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respgct to accounting records and the preparation of financial statements. These financial slalements have been prepared in accordance with the provisions applic8bl8 to companies subjecl to the small mpanIeS, regime. Thes ancial 51alemenis were approved by the board of trustees and auttTQri59d for issu8 on nd ar& signed on behalf of the board by.. G Clarke MBE Trus199 and Chair Company registration numb8r.' 04616709 The notes on pagè$ 12 to 20 fomi part of these flnanclal ststements. 11
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the financial statements Year ended 31 March 2024 General infomiation The charity is a public b8nefit entity and a private company limited by guarante8, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 46a Saint Matthews Street, Ipswich, Suffolk, IP13EP, United Kingdom. Statement of compliance The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Raporling Standard applicable in the United Kingdom and Republic of Iraland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounling Practice. Accounting policies Basis of preparation The financial statements have been prepared on the historical cosl basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The accounts have been prepared on 8 going concem basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. Tha budgeted income and expendilure is sufficient for the charity to be able to continue as a going concern. Income tax As a registered charity, the activities are èxempt from Uniled Kingdom Income and Corporation taxation, provided that the income is applied to charitable purposes. Fund accounting Unrestricted funds are available for use at the discrelion of the trustees to further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by Ihe donor or through the terms of an appeal. 12
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the f inancial statements (continued) Year ended 31 March 2024 Accountlng policies (ntInued) Income All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that Ihe economic benefits associated with the transaction will flow to the charily and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. income from grants and contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and rotumed if unspent. in which case it may be regarded as restricted. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditura on charitabl8 activiti8s includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relatin9 to the governance of the charity apportioned to charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Operating leases The lease payments are for rent and are recognised as an expense over the lease tenn on a straight- lin8 basis. The aggregate benefit of16ase incentives is recognised as a reduction to exp8nse over the lease lerm, on a slraight-line basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently staled at cost less any accumulated depreciation and impaimient losses. Any tangible assets carried al revalued amounls are recorded at the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains arid losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statemenl of financial activities. 13
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Accounting policies (eontinued) Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value, over the useful eGonomic life of thal asset as follows: Office equipment Computer equipment 330/0 Straight line 33 % straight lin& Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instrumenl. Basic financial instruments are initially recognised at the arnounl receivable or payable including any related transaction costs, unless the arrangement constilutes a financing transaction. where it is recognised at the presenl value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Limited by guarantee The charitable company has no share capital but is limited by guarantee. There are twelve guarantors under clause four of the memorandum and articles of association. Each guarantor undertakes to contribute to the assets of the charitable company, in Ihe evenl of il being wound up, with each guarantors. liability limited to £2. 14-
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the financial statements (contlnugd) Year ended 31 March 2024 Donations, grants and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 4.646 4,646 815 815 Grants Grants 13,125 13,125 17,500 17.500 17,771 17,771 18,315 18,315 Charitable activities Unrestricted Funds Restricted Funds 2024 2023 Prison5 Other income from charitable activities Suffolk Police Authority National Lottery Community Four¢dalion 70,520 70.520 22,677 8.800 5,462 65.625 11,195 8,800 10,000 5,000 22,677 8,800 5,462 22,677 84,782 107,459 100,620 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Subscriptions 354 354 298 298 15-
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the f inancial statements (continued) Year ended 31 March 2024 Expenditure on charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Staff cosls Support costs 15,099 18,808 129,642 31.400 144,741 50,208 33.907 161.042 194,949 Unrestricted Funds Restricted Total Funds Funds 2023 Staff costs Support costs 38,585 17,713 56,298 92,319 88,365 130,904 106,078 180,684 236,982 Analysis of support costs 2024 2023 Project costs Off ice costs Rent Water Electricity Insurance AGM costs Depreciation Advertising Legal and professional fees Bank charges 19,908 12,767 1,725 452 4.414 1,122 2.906 451 155 6,238 70 87,964 6,030 2,097 136 3,530 314 2.547 652 1,258 1,519 31 50,208 106,078 Net expenditure Net expenditure is stated after chargingl{crediting)= 2024 2023 Depreciation of tangibla fixed assets 451 652 10. Independent examination fees 2024 2023 Fees payable lo the independent examiner for: Independent examination of the financial statemenls 2,460 2.238 16-
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the f inancial statements {¢ontinugd) Year ended 31 March 2024 11. Staff costs 2024 2023 Wages and salaries Social security costs Pension costs Other staff expenses 134,511 6,928 2,887 415 121,961 6,286 2,657 144,741 130,904 The avera9e head count of employees during the year was 4 (2023: 5). No employee received employee benefits of more than £60,000 during the year12023-. Nil>. The key management personnel of the charity comprise the trustees and senior management team as listed on the reference and administration details page of these accounts. The total value of remuneration and benefits received by Key Management Personnel was £37,150 (2023: £33,693). 12. Trustee remuneration and expenses The trust88S W8re neilh8r 8ntitled lo, nor received. any remuneration from the charity during the year. No trustee received reimbursement for expenses during the current or prior period. 13. Tangible fixed assets Office equipment Computer equipment Total Cost At 1 Aprll 2023 and 31 March 2024 Depreciation At 1 April 2023 Charge for the ye8r At 31 March 2024 7,124 9.876 17,000 7,124 9,403 451 16.527 451 7,124 9,854 16,978 Carrying amount At 31 March 2024 22 22 Al 31 March 2023 473 473 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income 8,578 18,864 8.742 27,442 8,742 17-
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 15. Creditors: Amounts falling due withln one year 2024 2023 Trade creditors other creditors and accruals Net wages 20,519 2,730 25,630 25.154 2,508 23,491 48,879 51,153 16. Analysis of charitable funds Year ended 31 March 2024 Restricted funds At 31 Mar 2024 Al 1 Apr 2023 Income Expenditure Transfers Stop and Search Reference Group Vision and Voice Bank Foundation BAME Support Work Bank C-19 Prisons Community Ambition Supporting Men in BAME Community National Lottery 3,057 4,859 14,752 37,752 200 9,119 6,500 8,800 18,784) (4,859) (14,7521 (33,3471 (200) (73,338) {6,500) 3,073 4,405 70,520 6,301 3,800 10,000 (3,800) (15,462) (161,042) 5,462 84,782 90,039 13,779 Unrestrlcted funds General funds 121,174 44,732 (33,907) 131.999 18-
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the financial statements (Continued) Year ended 31 March 2024 Year ended 31 March 2023 Restf iCt•d funds At 31 Mar 2023 Al 1 Apr 2022 Income Expenditure Transfers Slop and Search Reference Group Vision and Voi Bank Foundation BAME Support Work Girls Self Esteem Bank C-19 Fund Prisons Fund Community Ambition Supporting Men in BAME Community National Lottery 1,404 15,609 42,628 83,909 3,786 599 21,863 11,500 8,800 17,147> 110.750} 127,8761 146,1571 {3,7861 {399) (78,369) (5,000) 3,057 4,859 14,752 37,752 200 9,119 6,500 65,625 5,000 10,000 {1,200) 3,800 10,000 181,298 89,425 (180.684) 90,039 Unrestricted funds General Funds 145,892 31,580 (56,298} 121,174 Restricted fund purposes: stop and Search Reference Group - police supporting the Group and the 3rd party reporting centre for complaints. BAME Support Work work delivered in collaboralion with a Clinical Commissioning Group to understand causes of health inequalities in BAME communities and co-producing solutions with them. Prisons Fund The desistence readiness work in prisons led by the Community Diversity Officer remains one of ISCRE'S most successful projects over the last 18 years. ISCRE'S work has contributed to the knowledge. evidence and future development of inlerventions and policy work with BAME people. and those that are marginalised, disadvantaged. or experiencing the worst outcomes towards their rehabilitation in custody. As an extemal partner supporting prisons in the areas of equality, social inclusion, and disproportionality. ISCRE continues to strengthen its reputation as an important regional think-tank, addressing the rehabilitstion needs of minority ethnic and hard to reach groups in custody. The following restrtcted projects have been completed: Vision and Voice A collective of organisations delivering work to elevate the voices of young people across Suffolk in order to improve their mental wellbeing. Bank Foundation A proj@ct to evidence the impact of ISCRE'S work in prisons aimed at influencing the criminal justice system on equality. diversity, and inclusion best practice. Bank C-19 Fund - Remote working with Prisons in to support ISCRE'S response to the COVID - 19 crises. Community Ambition - Represents amounts set aside as instructed by the fund provider in order to further ISCRE'S airns and objectives. 19-
Ipswich and Suffolk Council for Racial Equality Company Limited by Guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Supporting Men in BAME Community - to support the furtherance of specific purposes as set out by the fund provider. Nalional Lollery- to support the furtheran¢e of specific purposes as set out by the fund provider. 17. Analysis of net assets belween funds 37 March 2024 G8n8ral Funds Restricted Funds Total Funds Tangible fixed assets Current assets 22 131.977 22 145.756 13,779 Net Assets 131,999 13,779 145,778 31 March 2023 General Funds Restricted Funds Total Funds Tan9ible fixed assets Current assets 273 120,901 200 89,839 473 210,740 Net Assets 121,174 90,039 211,213 18. Operating lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Not later than 1 year 900 19. Related parties Up until June 2023 the charity shared a number of Trustees with Suffolk Law Centre. During tha prior year the charity charged costs of £41,531. was recharged expenses of £27,480 and incurred net receipts after payments of £14,051 to and from Suffolk Law C8ntr8. At the prior year end there was an outstanding debtor owed from Suffolk Law Centre lotalling £1,658. There were no transactions wilh Suffolk Law Centre in the current yearwhich occurred before June 2023. There were no other related party Iransactions in this or the prior year. -20-