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|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|
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|||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||||
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|||||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|
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|||||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|
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|||||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|
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|||||||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|
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|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|
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|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|
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|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|
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|2023|2022|
|---|---|
|f47|fgg|
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|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||
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|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|
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||||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|
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||||||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|
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||||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|