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2023-03-31-accounts

Legal and administrative	information
Report ofthe Trustees	(incorporating	Chief Executive's Report)
Independent auditor's	report		24
Statement offinancial	activities		27
Consolidated balance sheet			28
Balance sheet			29
Cash flow statement			30
Notes tothe financial statements			31

		To champion fairness, challenge	To champion fairness, challenge
		discrimination and pioneer innovative
To end racial inequality		solutions to empower	Black, Asian and
		Mixed Heritage communities through
		education, employment	and enterprise
Responsive: We listen, we observe, we learn and if we need to change what we do and how we do it, we will		Totackle GCSE attainment and school exclusion race disparities
Inclusive. We engage across		Totackle race disparities	in employment
communities, sectors and generations,		Totackle race disparities	in the enterprise
listening and responding, respecting		system
diverse views, issues and needs
		To tackle race disparities	in the criminal
Collaborative: We work with partners	and	justice system
stakeholders to strengthen our
intersectional approach		To strengthen Black and	Asian-led and
		organisations and charities
Leading by practice: We are anti-racist and lead by example We believe in and		Totackle systemic and institutional racism
deliver projects and activities based on an		in public services
anti-racist and anti-discrimination
agenda

				Unrestricted	Restricted	Total Funds	Total Funds
			Notes	Funds 2023	Funds 2023	2023	2022
Income
Donations and legacies				24,777	20,000	44,777	34,484
income from charitable		activities		152,459	798,504	950,963	840,277
Other trading activities				92,523		92,523	71,620
Investment income				12,017		12,017	441
Total Income			2	281,776	818,504	1,100,280	946,822
Expenditure
Raising funds				56,314		56,314	50,741
Charitable activities				160,063	673,157	833,220	768,972
Total resources expended			3	216,377	673,157	889,534	819,713
Net incoming/(outgoing)
Resources before transfers				65,399	145,347	210,746	127,109
Transfers between the funds
Net movement in funds	for the year			65,399	145,347	210,746	127,109
Fund balances brought	forward
at 1 April 2022				507,117	96,853	603,970	476,861
Fund balances carried forward
at 31 March 2023			15	572,516	242,200	814,716	603,970

				2023		2022
		Notes		F		F
Fixed assets
Tangible assets
Current assets
Debtors		11	44,572		17,460
Short term investments		12	156,782		155,923
Cash at bank and	in hand		1,168,813		759,134
			1,370,167		932,517
Creditors -amounts	falling due
within one year		13	555,452		328,548
Net current assets				814,715		603,969
Net assets				814,716		603,970
Funds
Income funds
Unrestricted funds
General funds				373,716		304,117
Designated funds				198,800		203,000
Restricted funds				242,200		96,853
Total funds		15		814,716		603,970

				2023		2022
		Notes		E		F
Fixed assets
Tangible assets		9
Investments		10
Current assets
Debtors		11	870		870
Short term investments		12	156,782		155,923
Cash at bank and	in hand		1,156,416		749,042
			1,314,068		905,835
Creditors -amounts	falling due
within one year		13	523,569		326,082
Net current assets				790,499		579,753
Net assets				790,502		579,756
Funds
Income funds
Unrestricted funds
General funds				349,502		279,903
Designated funds				198,800		203,000
Restricted funds				242,200		96,853
Total funds			(0)	790,502		579,756

						Group	Charity	Group	Charity
					Notes	2023	2023	2022	2022
						f	f	f	f
Cash provided	(used) in	operating		activities	16	401,063	398,980	178,131	177,932
Cash flows from investing			activities:
Interest income						12,017	11,795
Taxation
Purchase oftangible		fixed assets				(3,401)	(3,401)	(2,976)	(2,976)
Net cash used	in investing		activities			8,616	8,394	(2,535)	(2,535)
Change in cash	and cash		equivalents
in the year						409,679	407,374	175,596	175,397
Cash and cash	equivalents		brought	forward		759,134	749,042	583,538	573,645
Cash and cash	equivalents		carried	forward		1,168,813	1,156,416	759,134	749,042

Incoming resources
				2023	2022
				F	8
Restricted Funds
AB Charitable Trust				110,000	25,000
Barrow Cadbury Trust				30,130	25,750
Big Lottery Fund				173,560	57,763
Comic Relief				15,000
Disrupt Foundation				50,000
Esmee Fairbaim Foundation				37,400	34,000
Greater London Authority				57,500	22,500
Hackney Council CSV					30,941
Islington Council					274,500
Lankelly Chase Foundation					51,156
London Community Fund				18,000	9,000
Paul Hamlyn Foundation				300,000
The City Bridge Trust				160,000
Trust for London				107,750	115,000
Youth Futures Foundation				58,900
Others					20,000
Grants received in advance -			movement	(307,794)	(39,753)
Total restricted Grants				810,446	625,857
Unrestricted Funds
Charities Aid Foundation		(CAF)		31,500	104,500
Joseph Rowntree Charitable			Trust		36,667
Income from charitable	activities			37,421	23,121
Other grants				3,000
Donations				24,778	34,484
Grants received in advance				88,596	50,132
				995,741	874,761
Activities for generating	funds			92,522	71,620
Investment income: Bank		interest		12,017	441
				1,100,280	946,822

This is sta	ted after charging:
		2023	2022
		f
Directors	emoluments
Depreciation		3,401	2,976
Operating	leases - land and buildings	23,337	17,865
Auditors'	remuneration
Audit	fee	3,350	2,400

Staff costs Staff costs during the period were as follows:
	2023	2022
		6
Salaries and wages	364,838	314,606
Social security costs	34,183	27,581
Other pension costs	27,777	23,431
	426,798	365,618

The average	num	ber of employees during the period, an	alysed by function was:
			2023	2022
			Number	Number
Direct charitable		expenditure
Chief officer			1
Others			11
Management	and	administration	1
			13	11

2023	2022
f47	fgg

Group and the charity
	Furniture
	and
	equipmentf
Cost
At 1 April 2022	14,881
Additions	3,401
At 31 March 2023	18,282
Depreciation
At 1 April 2022	14,880
Charge for the year	3,401
At 31 March 2023	18,281
Net book value
At 31 March 2023
At 31 March 2023

Turnover
Profit and loss account ofARE Enterprise				Ltd		2023	2022
							f
						92,522	71,620
Expenses						(55,271)	(49,886)
Covenanted payment			to charity			(37,473)	(10,000)
						(222)	11,734
Interest receivable						222	1
Profit on ordinary		activities after taxation					11,735
Summarised	balance		sheet ofARE Enterprise		Ltd	2023	2022
						f
Current assets						61,133	54,469
Creditors: amounts		falling due within one year				(36,917)	(30,253)
Net assets						24,216	24,216
Called up share capital						2	2
Profit and loss	account					24,214	24,214
						24,216	24,216

			Group		Charity
			2023	2022	2023	2022
			f	F	f	f
Trade debtors			43,702	16,590
Amount	due from subsidiary	undertaking
Other debtors			870	870	870	870
			44,572	17,460	870	870

					Group		Charity
					2023	2022	2023	2022
					f	F	f	f
Trade creditors					5,599	6,166	5,599	4,166
Amount	due to	subsidiary	undertaking				5,035	27,786
Taxation	and social security			costs	5,672	2,752
Other creditors		and defened		income	544,181	319,630	512,935	294,130
					555,452	328,548	523,569	326,082

		Unrestricted	Restricted	Total
		Generalf	fundsf	fundsf
Fixed assets		1		1
Current	assets	622,421	747,746	1,370,167
Current	liabilities	(49,906)	(505,546)	(555,452)
Total net assets		572,516	242,200	814,716

			Group		Charity
			2023	2022	2023	2022
			8	f	8	f
Nei incoming resources
(as per the statement	offinancial activities)		210,746	127,109	210,746	115,374
Depreciation charge			3,401	2,976	3,401	2,976
Interest income			(12,017)	(441)	(11,795)	(441)
Decrease (Increase)	in short term investments		(859)	(83)	(859)	(83)
Decrease (increase)	in debtors		(27,112)	52,218	0	46,753
Increase (decrease)	in creditors		226,904	(3,648)	197,487	13,353
Nel cash provided by	operating	activities	401,063	178,131	398,980	177,932

17	Commitments	under operating	leases
				2023	2022
	Total commitments			6,048	4,032