2024-03-31-accounts

ACTION FOR RACE EQUALITY A Company Limited by Guarantee Report of the Trustees and audited financial statements for the year ended 31st March 2024 Action for Race Equality 200a Pentonville Road, London, N19JP T: 020 7832 5800 E: hello rracee ualit .or Charity registration number: 105604 Company registration number: 03203812

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audlted finan¢ial statements for the ended 31st March 2024 Contents Legal and administrative information Report of the Trustees (incorporating Chief Executive's Report) Independent auditor's report 27 Statement of financial activities 30 Consolidated balance sheet 31 Balance sheet 32 Cash flow statement 33 Notes to the financial statements 34 Company registration no 03203812 Page12

Action For Race Equality IA company limited by guarantee) Report of the Trustees and audited financi￿ statements for the year ended 31st March 2024 Legal and administrative information Name of charity: Action for Race Equality (ARE) Charity registration number: 1056043 Company limited by guarantee registration number: 03203812 Principal and registered office: 200a Pentonville Road, London N1 9JP Charitable company's trustees and officers: Ambrose Quashie, Vice-chair David Izamoje, Secretsry Femi Bola M BE Ila Chandavarkar Joel O'Loughlin, Advisor Kenneth Sule-Ejeh, Treasurer Laura Durrant Marlon Bruce Raj Patel M BE Seema Manchanda, Chair Zahid Hussain Patrons: Prof Greg Clark CBE Lieutenant Colonel Sulle D Alhaji Chief Executive Officer and senior staff members to whom day- to-day management of the charitable company is delegated by the trustees: Jeremy Crook OBE, Chief Executive Tebussum Rashid, Deputy Chief Executive (resigned 08.09.23) Indra Nauth, Deputy Chief Executive (appointed 01 .01 .24) Banker: Unity Trust Bank, Four Brindley Place, Birmingham B12JB Auditor: Able & Young, Airport House, Purley Way, Croydon, CRO OX Charitable company's other staff Bowale Fadare, Policy and Research Offficer (appointed 01 .07.24) Brianna Cyrus, R2S Programme Manager Company registration no 03203812 Page13

Action For Ra￿ Ehuality IA company limited by guarantee) Report of the Trustees and audited financi￿ statements for the year ended 31st Marth 2024 Emmanuelle Andrews, Windrush Grants & Programme Manager (appointed 08.10.24) Freya Johnson, Employment Programmes Delivery Lead (appointed 01 .05.24) Indra Nauth, Programme Director (until 31 .12.23) Kim Mclntosh. Windrush Grants & Programme Manager Liam Campbell, Local Project Development and Engagement Officer (Appointed 08.01.24) Maanya Jone5, Programme Support Officer (Appointed 07.10.24) Megan Wong. P2E Grants & Programme Manager Meka Beresford, Head of Policy {Appointed 15.05.23) Nisha Bhatia, R2S Programme Coordinator (Appointed 19.09.23 left 22.05.24) Nasrin Warsame, Windrush Policy and Comms Officer (Appointed 07.11 .24) Nola Sterlin& UPLIFT Programme Manager (Appointed 28.10.24) Payal Bhavsar. Senior Communications and Engagement Officer Philip Flynn, Project Support Officer (Resigned 14.11 .23) Phoebe Georgestone, R2S Programme Coordinator (Resigned 14.07.23) Qasim Alli, Policy and Research Officer (Appointed 04.12.23) Sira Thiam, Development Officer, Alliance for Police Accountability (Appointed 04.06.24) William De Sousa. PR & Communications Apprentice (Appointed 10.09.2024} Zarin Tasnim. Executive Assistant to SLT (Appointed 02.09.24) ARE A550ciates Dr Liz Mackie (Moving on Up) Karl Murray (Evaluation, Mentoring & Leadership) Alex Louis (CommunicationslPR} Tutu Adebiyi (Business development) The Trustees (who are also the directors for the purposes of company law) are pleased to present their report and the audited financial ststements of Action for Race Equality Company registration no 03203812 Page 14

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audlted financial statements for the y&ar ended 31st March 2024 for the year ending 31 March 2024. These comply with statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable to charities in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Public Benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Attion for Race Equality provides public benefit by improving the lives of young Black. Asian and Mixed heritage people through our projects. supporting staff in Black and Asian led organisations and in our policy work on tackling povety, inequality and employment. ARE'S Mission. Vision. Values and Alms Missron Vision To champion fairness, challenge discrimination ond plor)eer Innovotive 8olution8 to empower Blo¢l Asian ond Mixed Heritage communities through education. employment and enterprise To end racial inequality alue Aims Responsive: We listen. we observe. we learn and if we need to change whot we do csnd how we do IL we will To tackle GCSE attainment and school exclusior) race disparities To tockle roce disporities in the employment Inclusive". We engage ocross communities. sectors and generotions. listening and responding. respecting diverse views. issues ond n￿dS To tockle roce dlsporities in the enterprise system Collaboratlve.. We work wlth portners ond stakeholdèrs to strengthen our intersectionol opprcoch To tackle race diswritles In the crlminol justice system To strengthen Black and Asion-led and orgonisations ond chorities Leading by practlce.. We are anti-rocist and leod by example. We belleve in ond deliver projects and octivlties based on on onti-iocist ond onti-discrimination og8nda To tackle systemic and institutional racism in public services Company registration no 03203812 Page15

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audited fAnancial statements for the year ended 31st March 2024 Report of the Trustees The Trustees have continued to work with the excellent staff team at ARE, led byjeremy Crook and Indra Nauth, to ensure the organisation is well managed. financially stable, and legally operating while continuing to be goal oriented and ambitious in our approaches to ending racism. This year has been a busy year as always, with new grant funding of over £300k. We also secured for the first time ten year funding of £1.4m by the City Bridge Foundation, for investment into our policy work; developing our longer term strategy, increasing engagement with young people on the issues of race and hosting the end of programme MOU awards . Further detail is provided in the Chief Executive's report below. Chief Executive s report The team undertook a tremendous amount of positive work during the year with civil society, public and private sector organisations. A key strength of ARE is our commitment to work collaboratively and this remains a strong feature of our approach. We worked with London schools to inspire children at risk of not fulfilling their full potential in education through our Routes2Sucess role-model and mentoring programmes and Race Equality Action Projects (REAPS). We reviewed and strengthened our Safeguarding Policy and trained Trustees, staff and volunteers. We connected and supported Black, Asian and ethnic minority grassroots organisations with capacity building support through our Pathways to Economic Opportunities and Youth Futures Foundation programmes. Some organisations on these programmes delivered peer learning workshops. ARE communications and social media activities went from strengthen to strength. attracting more interest and followers. Our newsletter and a flow of blogs drew increased interest in our activities. We continued to work with the Department for Work and Pensions (DWP), Ministry of Justice (MOJVHM Prison and Probation Seniice (HMPPS), Greater London Authority, the Met Police and other policing bodies. Constructive meetings were held with two Ministers from these departments. Our focus remained on the need for race disparities to start reducing. We continued to be a 'critical friend, to HMPPS, attending the final year of internal meetings for the Race Action Programme Board (RAP). The RAP focused on the workforce developing race allyship, D&1 leaning hub, progression buddies, reverse mentoring, inclusive behaviour programme, safe space and immersive films. In relation Company registration no 03203812 Page | 6

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audited financial statements for the year ended 31st March 2024 to prisoners a Prison Performance Tool was adopted which measures race disparities for all adult prisons including the use of force. ARE'S criminal justice system National Independent Advisory Group (NIAG) continued to challenge HMPPS and Youth Justice Board to maintain a strong focus on reducing race disparities. We started the year with the Met Police embarking on its journey to eliminate institutional racism within the organisation following the Casey Review {2023). The Mayor of London set up the new London Policing Board with a formidable membership. However, the task of the Board is hindered with the Met Commissionerfs refusal to accept the Met is institutionally racist. The Met wound down the STRIDE External Advisory Board that I had been a member of for nearly a decade and chaired by two previous Commissioners. l accepted the Mers invitation to join their Professional Reference Group (PRG) which focuses their misconduct policy and practice - a key issue highlighted by the Casey Review. The PRG is chaired by an Assistant Commissioner. Many of the large organisations we interact with have race data patterns that point to long standing institutional problem. These include low Black and Asian representation at senior levels, challenges with progression and retention, disparities in pay and higher levels of activation of disciplinary procedures; inequitable procurement and ethnically narrow supply chains; and unequal grant and commissioning in relation to Black and Asian led charities and businesses. Leaders of these organisations with these features must do more. I ve often felt this year we are engaging with external colleagues that are already committed to ending race disparities - equality, diversity and inclusion meetings tend to be comprised of ethnic minority individuals and women from all backgrounds. White senior men are conspicuous by their absence. This was one reason why we produced the Moving on Up Positive Action Guidefor London CEOS with our employer network. We do not feel enough white male CEOs/C-Suite are taking responsibility for driving change in their organisations. White male leaders need to accept that they have a responsibility to face up to and overcome racism. Until they do little will change at an organisation or systems level. I want to thank all the schools, PRUS and prisons that opened their doors for us,. the children and young people that participated in our programmes and our youth network; our amazing R2S role-model volunteers (a small number have volunteered with us for over a decade),. the civil society organisations that participate in our capacity building Company reglstradon no 03203812 Page 17

Action For Ra￿ Equality (A company limited by guarantee) Report of the Trustees and audited financial statements for the year ended 31st March 2024 programmes,. our ARE Associates; employer champions and our patient and committed funders. I want to acknowledge the ARE team for their professionalism, excellent work and commitment. Indra Nauth. Deputy Chief Executive, has led the work with our external Associates to put better systems in place to support our internal HR. comms and service delivery. ARE entered into a three-year contract with Peninsula HR services. After nearly two decades at ARE Tebussum Rashid (formerly Deputy Chief Executive) resigned. Tebussum contributed a great deal to ARE'S success. resilience and organisational culture. Many civil society leaders and organisations have benefited from her knowledge and skills. personal touch and inclusive way of working. I have observed several occasions where individuals have recalled. with gratitude, the encouragement and support Tebussum provided over years and the difference it made to their personal and organisational growth. This year, Tebussum led our successful application to the City Bridge Foundation which secured our first 10-year £1.4m grant to support our policy and capacity building work in the Capital. We are delighted Tebussum is now a Senior ARE Associate. Finally, I want to acknowledge and thank Seema Manchanda, Chair of ARE and the Trustee board for their time, expertise and support. Ambrose Quashie (Vice Chair) and Laura Durrant (Chair of HR Subgroup), along with Seema, often find time between board meetings to support the senior management team. The Trustees rightly challenge me to make a positive impact for our stakeholders; provide evidenced based solutions, ensure financial sustainability and support our staff team. Jeremy Crook OBE NEW GRANTS ARE were delighted to Secure grant funding from new funderslprogrammes totalling £309,000 which included core funding to be delivered over the next 1-3 years. Funders include City Bridge Foundation's Anchor Fund, the Clothworkers, Foundation and the Columbia Threadneedle Foundation. We attended several learning workshops for these funds, to input into overall Theory of Change models for the programmes, developed with other organisations funded to deliver within the same fund. ARE POLICY. PROGRAMME AND COMMUNICATIONS DELIVERY POLICY This year marked a renewed opportunity for ARE to develop its policy team to align with the strategic direction of policy, as set out in our strategic plan. ARE recruited a new Company registration no 03203812 Page18

Action For Race Equallty (A company limited by guarantee) Report of the Trustees and audited finanaal statements for the year ended 31st March 2024 Head of Policy in May 2023. We increased our policy focus across all our streams of worl in addition to continuing our well embedded work to tackle racial disparities in the criminal justice system through advisory work, publications, and evidence submissions. We focused on increased impact through collaboration thi5 year. We joined and continued to contribute to several keyjoint initiatives such as the Alliance for Racial Justice, the Alliance for Police Accountability, the Structural Inequalities Alliance, and the Betterjustice Partnership led by NACRO. a multi-organisational partnership seeking Criminal Justice System (CJS) change by designing a targeted and effective strategy to build government support for system reform. We also continue to run our National Independent Advisory Group, a dedicated group of experts on racial and criminal justice policy and practice. This year, the NIAG spoke with a number of key CJS figures including Alison Lowe OBE, the Deputy Mayor of West Yorkshire for Policing and Crime and the Association of Police and Crime Commissioners lead for tackling racial disparity, and Jamie Bennett, the Chief Strategy Officer of the Youth Justice Board, who told us that ARE'S work is one of the reasons why the YJB 'has o veryspecific objertive in our strate around reducing dispari￿. We also met with Minister Mike Freer MP who was responsible for race disparities in the Ministry of Justice and discussed our key recommendation for a cross-department strategy to tackle racial disparities in the justice system. In addition to increased collaboration, we sought to improve awareness of our policy work through a number of events, including: delivering a lecture about race disparities in the CJS and the Lammy Review to UCL Criminology students; talking on a panel about race disparities in employment opportunities at Islington's Voluntary, Community, Faith and Social Enterprise Conference, and facilitating a workshop with the young people involved with Wipers Youth CIC, identifying the issues most important to them, designing solutions to those issues, and a campaign/comms plan around it. We confirmed further funding for our policywork which will enable us to increase our staffing capacity and deliver on our increased outputs from next year. This will include supporting Dr Kitty Lymperopoulou (University of Plymouth), who has been successful in securing a grant to carry out research that builds on her previous collaboration with ARE looking at cumulative disadvantage in the CJS. Company registration no 03203812 Page | 9

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audited fllianc1￿ statements for the year ended 31st March 2024 Alliance for Police Accountability (APA) ARE is the accountable body for the APA and employs staff. In June, Sira Thiam was appointed as the APA Development Officer (part-time). The APA initiative was launched in July 2023 at Lambeth Town Hall (London). The APA are calling for community-orientated policing in response to the very low levels of public trust and confidence Black communities have in the police. Speakers included Mina Smallman, Andy George (Chair of National Black Police Association), and Baroness Casey (in a recorded interview). The event had good media coverage and was featured on BBC and ITV London's evening news, and covered in written media by Sky News and other news sources. The APA also held a press conference in October 2023 to support Child K a 13-year-old Black boy who was tackled by armed police when his brightly coloured water pistol was mistaken for a gun. The APA'S Steering Group met regularly to set the strategic direction and agree delivery and monitor funding applications. These meetings sometimes included external speakers, such as Abimbola Johnson, the chair of the National Police Chiefs Council Independent Scrutiny and Oversight Board, which is responsible for critically reviewing the NPCC'S National Race Action Plan. Over the year, the APA secured funding to implement their work plan. Initial funders were Lankelly Chase Foundation, the Clothworkers, Foundation, and AB Charitable Trust a total of £77,500 has been secured to date. During this period, the APA started reaching out to potential partner organisations across the five cities we plan to initially work in: Birmingham, Manchester, Liverpool, Cardiff, and London. The APA signed a Memorandum of Understanding with the Black Equity Organisation (BEO). Company re815tration no 03203812 Page | 10

Action For Ra￿ Equality {A company limited by guarantee) Report of the Trustees and audited fAnanCI￿ statements for the year ended 31st March 2024 EDUCATION Route2Success (R2S) Ethnic Minorlty Role-model and Mentoring Programme ARE'S R2S Role-model Programme is now in its eleventh year. With continued funding from the National Lottery Community Fund and additional support from the Greater London Authority through the Propel collaboration, we formed valuable partnerships with two London-based mentoring organisations: Father2Father and Your Story. These partnerships enabled us to provide mentoring services across London to 293 young people during the reporting period. We exceeded our initial target for this year and are on track to engage 400 ethnic minority young people. aged 10-24 over the two years. We recruited 11 new Black, Asian, and Arab volunteer role-models and mentors, which has significantly enhanced our ability to deliver inspirational sessions on staying in education and personal development to 13 schools across 8 London boroughs. Our role-model sessions continued to motivate and inspire young people, with 65% reporting increased confidence about their future and 68% saying they are more likely to stsy in or return to education. As one Year 8 student from Preston Manor High School shared, "These sessions were very influentialfor me. I have thoughts ond questions I never really asked myself, L7nd this will help me improve toward thefuture" We are delighted to have successfully completed two Race Equality Action Projects (REAP) this year with the support of our expert role-models. Twenty young people from two schools designed, developed. and executed projects that highlighted racial inequalities, covering topics such as Windrush and immigration, mentsl health, and Black boys in education. As a result of participating in the REAP, 71 % of the young people reported feeling more confident about their future goals, and 86% said they felt Company registrdtion no 03203812 Page 111

Action For Ra￿ Equality (A company limited by guarantee) Report of the Trustees and audited finanaal statements for the year ended 31st March 2024 more equipped to plan and achieve their ambitions. Additionally. all participants showed improvement in at least two socio-emotional skills, such as empathy and relationship-building. As the Head of Year 9 at Phoenix Academy shared, "The Speak Easy podcast has been a huge success and something all of our students enjoyed. It was incredible to see the significant improvements made by every student." In January 2024, we were invited to collaborate with international mentoring organisations to deliver a workshop at the MENTOR USA Summit. The workshop. titled Quality Mentoring.. Exploring International Approaches Insights and Lessons Learned, provided an excellent opportunity to work alongside leading organisations from Spain, France. and Canada. These partners recognised ARE'S R2S Programme and our contribution to the development of the Mayorfs Mentoring Quality Framework as a valuable tool for assessing mentoring practices. As a result of this collaboration, we established an international community of practice. where mentoring professionals meet quarterly to share insights, collaborate, and enhance our knowledge and skills in building effettive mentoring systems and frameworks. EMPLOYMENT Moving on Up {MoU) Employment Inltiatlve This year saw ARE entering the tenth year of the Mou programme. funded by Trust for London and City Bridge Foundation, Brent Council and Jobcentre Plus who committed over £3m over this period to address employment disparities for young Black men aged 16-24 in London. Testing out the final year of the Mou Collective Impact Partnership {CIP) model, partners in Brent and Newham drew their programmes to close, engaging over 900 young Black men and sUPPOrting a total of 302 into work across the four-year period. Evaluation partners Clearview held a serie5 of workshops and interviews to gather evidence and share learning from the CIP model. The evaluation concluded that partners felt they have achieved more success working collaboratively as opposed to in Silos, bringing about greater awareness of their work and less duplication of activities in the sector and geographical area. A5 the work of Mou came to an end, ARE produced a learning paper to share with key stakeholders and a policy paper entitled 'Ending Racial Disparities in Youth Employment.. Ten Recommendationsfor Action,. ARE ended this period in talks with key strategic employer engagement organisations about setting up a Race Equity in Employment Task Force, one of the ten recommendations. Company registrdtion no 03203812 Page112

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audited finani2al statements for the year ended 31st Marth 2024 Mou Awards On 20" March, virw kindly hosted ARE'S Mou Awards event which celebrated and recognised successful young Black men, employers and the Mou programme as a whole. The event highlighted the difference that tsrgeted approaches to youth unemployment could make. Four young Black men received awards five were highly commended, our Mou Ambassadors presented the'Real' Role-model Award and Special Recognition Awards were presented to Dr Bola Abisogun OBE {Chair of Mou Advisory Group) and Sioned Churchill {former Direttor of Grants, Trust for London). movllig.on Up Thank you for attending Networklng until 9pm ARE ,Iik,I, Building Ethnic Diversity in the Youth Employability Sector Funded for two years by a Youth Futures Foundation Infrastructure grant, ARE worked with ten organisations across England to tske a Deep Dive into how they deliver their employability services, holding knowledge transfer sessions and workshops to share best practice and knowledge so that everyone involved could strengthen the work they do to support young people from Black. Asian and Mixed heritage backgrounds into good quality jobs. The Deep Dive group met several times during the year, particularly to input into the design of Youth Futures new Evidence into Action fund, to discuss Youth Futures Foundation Youth Employment Toolkit, to share learning on diversifying income and utilising sales technique5 to engage young people and employers. The programme also saw the creation of the first ever Youth Action Network CIAN) within ARE, with nine young people from across England bringing their voices to our work. Company re8iStration no 03203812 Pa8e113

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audited finan(￿ statements for the year ended 31st Marth 2024 Our YAN helped inform on our Parliamentsry event held in November 2023 with keynote speakers Sir Stephen Timms MP and Alison McGovern M P (Shadow Minister for Employment). Young people, employers and colleagues from our Deep Dive groups shared their experiences about tackling youth unemployment. In February 2024, we held a national youth employment conference focussed on Strengthening Education to Employment Pathwaysfor Black Asian & Mixed Heritageyoung people. Over 70 people came together to take part in engaging discussions and to propose solutions. OurYAN helped plan and deliver the conference, taking part in panel discussions and sharing their views in a series of statements about youth unemployment. We FUNDING FOR BLACK, ASIAN AND MINORITY ETHNIC LED ORGANISATIONS Pathways to Economlc Opportunities (P2E) Company registration no 03203812 Page114

Action For Race Equality (A company limited by guarantee) Report of the Trustees and audited financial statements for the year ended 31st March 2024 P2E has been funded byJP Morgan Chase together with London Community Foundation to deliver a two-year capacity building programme for London based led by andfor organisations with a focus on providing employment, enterprise and financial health support to their communities. At the mid-point of the programme 19 partner organisations took part in P2E's tailored organisational development support programme. A key aim was to connect each organisation with a consultant who could guide them in refining key aspects of their operations. With many organisations focusing on HR, fundraising, and strategy development this effort was crucial for building organisational resilience and sustainability beyond the length of the program. While many faced limited capacity to engage in consultancy work. the majority of organisations began the process to focu5 on key gaps in their organisation. Throughout the year, peer-learning and collaboration were central to the programme. Organisations took part in workshops, Action Learning Sets, World Cafes, and Lightning Decision Jams. These activities not only encouraged networking but also sparked collaborative ventures to solve shared challenges such as the impact of the cost of living on increased rent prices and demand on services. Notable sessions included a Lightning Decision Jam hosted by You Press on monitoring and evaluation techniques, and a World Cafe where tOPlCs were facilitated by Olmec, Urban MBA and ASKI, focusing on organisational change, partnerships, and income diversification. 'The pressure and focus on our organisational development is needed. Othenmise these things would be on the backburner and I'd be scared to start it because I wouldn't know where to start. So whilst it is a lot of extra work, it has been really supportive to not feel alone. We have a year to really focus on making the changes within the organisation. IYS a good push to really focus on improving in these areas." New consultants were brought in to expand the breadth of support available, providing expertise in areas like HR, fundraising and strategy development. Through the funding and consultancy, the 19 organisations raised additional funding ranging from 8% to 615% of their original grant amounts. These funds will provide a solid foundation for continued growth and sustsinability. Windrush Justice Programme (WJP) The WJP. a £1.3m fund. entered year two of this three-year funded prorgramme. After a successful initial year, the programme continued to grow. We saw 48 organisations apply to our eligibility check, demonstrating the growing familiarity that the programme is having amongst the Windrush advocacy community. Out of those 48 applicants. ARE Company registration no 03203812 Page I IS

Action For Race Equality (A company limited by guarantee) Rep)rt of the Trl￿teeS and audited finaThcl￿ statements for the year ended 31st Marth 2024 progressed 19 to expression of interest (EOI) stage. We i nvited 16 groups to a vi rtual conversation, and 8 were chosen to be funded by the independent panel. This brings the total number of groups on the programme to 20. During this period, we also started delivering the organisational development support to organisations on the programme. which includes 1-to-1 consultancy, Action Learning Sets, and workshops on topics like burnouL bid writing, and marketing to reach more clients. By the end of Jan 2024, 9 groups funded in round 1 returned their case data, of which 294 eligible cases have been supported. 212 of these are for compensation, 33 are fier 1 or 2 Reviews, 22 are to confirm Status. 17 of these cases are 5UPPOrting people based overseas. These include from countries in the Caribbean, India, Nigeria, and the USA 54 of the cases have required over 10 hours of support from the advocates. 26 of which have needed over 20 hours and 3 of them needed over 100 hours of support. One WJP member, after receiving 121 consultancy support said: 'Thank you. I love these sessions because it brings a structure to my daily business life in Windrush. To an outsider, l am told l am doing a lot because l am busy doing things. What you are bringing is structure and help to build on the capacity and skills wdve got Putting things in context. I think this is needed and I hope its forever. We require a lot of things e.g. CRM. Excel trainin& Dats collation, advocacy training. I want to become a trainer based on what we do. I like the collaborative working but would like to be provide train-the-trainer to others" At the end of the period, the WJP team attended a Windrush Vigil in Windrush Square in Brixton, organised by WJP group. Windrush National Organisation and a member of the Churches Together in England (￿E} Racial Justice Working Group. The vigil, which honoured the Windrush generation for a significant moment of remembrance and reflection, saw attendees from a range of backgrounds, including religious leaders, activists and sUPPOrter. ARE'S, Jeremy Crook OBE, spoke alongside local MPS and key Windrush campaigners such as Professor Patrick Vernon OBE and Jacqueline McKenzie. Company registrdtion no 03203812 Page | 16

Action For Race Equality {A company limited by guarantee) Report of the Trustees and audited finan￿ statements for the year ended 31st March 2024 Windrush National Vigil Cornmernur3tlnB the 6th Ann1ve￿ryof the Wlndru5h Scantlal Saturday 6th Aprll 21Y24 12.1)O Noon Windrvsh Square Saltoun Rd / Effra Rd Brfxton London SW2 IEF EMPIRE WINDIUSI Joln a￿arent to the African & Carlbboan War M•morlal •$ w• r•m•mtsor in unlty •nd liBht and105 tO8other lor th• t contrfb￿tOrtS And Sln¥8le5 of Eldw5 and wictlms who are no lon￿￿ with us Ès WR k￿k io * bri%htr fvtsr• lorth• Windrwh G•nerntlon ¥rd th•lr dest•nd￿ty. ••Q••••i Wlfidnjsh EO.LIILYTY ,1 . N¢)11onal Orgonlxdk•n fl Yitr& o•• Windrush policy The groups on our WJP knew first-hand the challenges and barriers facing victims of the Windrush scandal. This made them well-placed to shape the governmenfs response and rnake recommendations. In May 2023, ARE held a parliamentary event, The Windrush Scandal 5 Years On.. what needs to change? Chaired by Bell Ribiero-Addy MP and Dawn Butler M P, the meeting was attended by the then-minister Lord Simon Murray, who listened to WJP members and vittims of the scandal share their experiences. Stephen Kinnock M P, then Labourfs shadow immigration minister, also attended. The event was covered in The Guardian and ARE had regular meetings with Home Office officials following the event. Baroness Floella Benjamin also mentioned our work in her Lords debate on the scandal. Company registration no 03203812 Page117

Action For R￿ Equality (A company limited by guarantee) Report of the Trustees and audited financial statements for the year ended 31st March 2024 As we moved into an election year in 2024, our focus moved to collaborating with WJP groups and key stakeholders such as Black Equity Organisation, 4geUK and law centres on a Windrush manifesto. Between January and March, the team conducted a survey of WJP groups and feedback from key stakeholders, setting the foundation for the 2024 general election manifesto development. VRU Stronger Futures & Innovation Fund Working in partnership with Rocket Science UK Ltd. ARE delivered Phase 1 and 2 of the Violence Reduction Unit TrIRU) Stronger Futures programme, to oversee the administration of grants and to support the assessrnent of applications. the monitoring of the grants awarded and organisation development. Phase 3 of the VRU Stronger Futures Programme 2023-25 was designed to enable community-led groups to support vulnerable young Londoners by providing them with opportunities and support in the hours following school, as well as at weekends in some cases. It invested £3.1 m to 21 projects across London. The VRU Innovation Fund is enabling community-led groups to test new approaches and ideas to support vulnerable Londoners who are either at risk or have been involved in violence with grants of up to £50,000 with an aim to support around 50 initiatives over a two-year period. To ensure maximum impacL The VRU programmes adopted a 'funder plus, model. i.e. alongside grant fundin& each grant recipient receives capacity-building workshops and customised support to enhance resilience and sustainability. ARE leads on the capacity building support element. The strength of the VRU programmes was in the co-production approach at various stages of design and review, including the progratnme design stage, promotion and engagement at application stage, developing the M EL toolkit designing and hosting the engagement events and insights to the workshop topics. Throughout the period of the programmes, each successful organisation was supported with free capacity building support each year and access to a range of thematic workshops. This dirett support commenced from January 2024 starting with needs assessments of 21 Stronger Futures organisations and 12 Innovation Fund holders, Company registration no 03203812 Page118

Action For Ra￿ Equality (A company limited by guarantee) Report of the Trustees and audited finanaal statements for the year ended 31st March 2024 followed by consultsncy support from ARE specialist associates. The range of support included: Communication strategies and messaging Audit of policies and procedures Funding strategies Website critique andlor development Stakeholder analysis Team development Leadership coaching During this period three workshops were hosted by ARE: Finance: impact of the cost of living - A facilitsted learning session examined the impatt of the cost of living on the sector including the effects on delivery and planning sharing good practice and tips including reviewing expenditure, reprioritising activities, budgeting, rebalancing costs, turnover forecasting and cost calculation. Monitoring, evaluation, and Impact - Examined the challenges in collecting data and learning from young people and shared existing creative and youth-focused evaluation approaches, as well as some ' gold-stsndard" research tools Comms - External stskeholder communication provided best practice and insights to current use of plarforms and language and importantly how to projett core messaging for various platforms and audiences. 'The communication with the external stakeholderfs part of the webinar was great. It was the major part that I took away from the webinar. I was very happy with the webinar as a whole and it covered everything I had questions about, it was a good learning experience. Listening to other participants stories and information helped make all the thing5 we learnt about feel more grounded and relevany,. Stronger Futures participant on External Stakeholder Communication workshop "Alex has been absolutely amazing as expectedl! Honestly, she's gone above and beyond and thanks to her, Lic finally have a new website that launches today. We've loved working with Alex and we are incredibly grateful for everything she's done." Leaders in Community, Stronger Futures recipient "I've run out of words for Tutu, we'd be completely lost without her." Stronger Futures Grant recipient. Company registration no 03203812 Page 119

Action For Ra￿ Equality (A company limited by guarantee) Report of the Trustees and audited finaTh<i￿ statements for the year ended 31st March 2024 ENTERPRISE Future Camden Fund Camden Council initially commissioned ARE Enterprise Ltd with £3000 in April 2023 to help them shape their offer for a business support programme targeting Black and Minority Ethnic and female busines5 owners in the borough. This approach came as the Council had seen our work in the neighboring borough of Islington where ARE had had considerable success in reaching Black female entrepreneurs who wanted to start their own business. In May, we conducted a survey asking for the views of Minority Ethnic-led businesses, female business owners or businesses owners with a disability in Camden and held a focus group with Black entrepreneurs at the shared workspace Camden Town Unlimited. These activities both fed into a report for the Council, with key recommendations of what their programme of support could look like. where the programme should be promoted to attract the target businesses and who would be best placed to carry it out. In October, ARE Enterprise Ltd was successful in bidding to provide the organisation development support to the entrepreneurs, and in November the first panel was held to access applications. ARE associate Tutu Adebiyi was a key part of the panel alongside the team at Camden Council. The Future Camden Fund kick-off meeting was held in February 2024. where we met the three businesses who were successful in joining the programme in the first round, and explained what the organisation support from ARE Enterprise Ltd would look like. It was agreed that activities would begin once the funding from Camden Council had been received by businesses. Company registration no 03203812 Pa8e120

Action For Ra￿ Equality (A company lirnited by guarantee) Report of the Trustees and audited finanaal statements for the y&ar ended 31st March 2024 TRAINING & CONSULTANCY Through ARE E Ltd, we delivered several workshops for ADVANCE which were well received with good feedback. We developed new processe5 to ensu re efFicient processing of enquiries and also a new process to attract new consultants. This resulted in several new consultants joining the associate pool. to increase our capacity to deliver more training. We delivered a bespoke training programme to a funder around interrupting bias when assessing funding applications. COMMUNICATIONS The past year has been one of steady progress and consolidation for our communications. While the pace of some of the changes was gradual, we made significant strides in developing our communications strategy, growing our engagement levels, and team capacity. These developments have laid a strong foundation for future growth and impa¢ enhancing the quality of our outputs and increasing visibility for our projects and policy work. Branding A key achievement was the continuous refining of our brand management and quality control processes. We have worked carefully to support Programme Teams and beneficiaries by sharing our brand kiL ensuring that ARE'S logo and messaging are used across our partnerships more frequently and making the brand accessible to participating groups, such as on the Windrush Justice Programme, Moving on Up, and Routes2Success. With the application of branding controls on Canva (to manage staff created content), and setting expectations on our brand internally, our brand identity is a lot more Company registration no 03203812 Page121

Action For Ra￿ Equality (A company limited by guarantee) Report of the Trustees and audited financial statements for the year ended 31st March 2024 consistent and recognised within the sector. We have received positive feedback from programme participants on our outputs. Website Website updates were a majorfocus throughout the year. A significant portion of efforts were directed towards refreshing the content on Moving on Up and launching the Youth Action Network pages ahead of key events (Moving on Up Awards and Youth Employment Conference), which were critical for ARE campaign5. Search engine optimisation is the next step in the development of the website, to ensure our pages are optimised for online searches. Despite challenges in securing case studies from some of our Moving on Up partner5, we saw a notable increase in web traffic. with over 4600 page views. a 59% increase from the previous period. Partially. this can be down to the fact that we have more than doubled our blog output since 2021-2022., Along with updating the Criminal Justice pages with a new look, announcing the closure of the NIAG, launching thejourney to Inclusion online resource-hub and mapping a refresh of the Routes2Success pages, the website has evolved from its 2021 iteration and will continue to do so as part of our plans to continuously improve how we communicate with stakeholders with input from Programme Leads. Social media Social media engagement was also an area of growth. Through coordinated posting of articles and updates. tagging and engaging in other stakeholderfs posts, we increased our Linkedln followers by 983, achieved an engagement rate of 8.46%, and had 3,355- page interactions with 4.860 post clicks. ARE'S main X account gained 701 net new followers in this period and had a post engagement rate of 5.33%which is significant compared to the non-profit benchmark of 3.7%. We recorded a total of 6,776 post interactions. Our Instagram and Facebook channels also saw a notable uptick in interaction due to trials in paid-for advertising (for the Moving on Up Awards). The closure of the EQUAL proje¢ and its transition into ARE'S wider Criminal Justice pages, was a key moment in 2023. This transition, while causing ARE to lose some followers/stakeholder details, has allowed us to bring key resources, commentary and learnings under ARE'S brand. Company registration no 03203812 Page122

Action For Ra￿ Equality (A company limited by guarantee) Rewhrt of the Trustees and audited financi￿ statements for the year ended 31st March 2024 Total • Lost 36b•ty A¢iiotyf•r Equ￿rtY S43 ack Ew1tyorqanl•￿IDTr 124 R￿ny￿ade TruBt 98 4 rott4 R4¢eOnTh8Awth. ROTA 21 rotal post metrics (Linkedln) Ronked by total post updates in the last 365 d(rys. Percent(¥e shows chongefrom the previous 365 days. News medlo On the media front our team saw increased visibility, with ARE featuring in significant media outlets such as LBC and the Metro, as well as mentioned in the House of Lords by Baroness Lola Young for our Windrush work. These media moments have shown there is scope to grow our influence and connections with journalists, particularly in the areas of criminal justice and Windrush Justice. Partnerships were developed because of Communications activities this year. The Trinnovo Group's partnership with ARE, which stemmed from their interest in our work through social media, is a testament to the growing recognition of our impact. Through this partnership, we have gained valuable resources in volunteer support, networking opportunities, and knowledge sharing (such as Al and Linkedln workshops for young people). Internal Communications Internally, we made great strides in improving our processes, particularly through the introduction of new planning workflows in Teams and the implementation of a shared- communications planner (frello). These changes were made to streamline our day-to- day operations and help other team members to think more strategically about their communications planning. This is something to grow and progress in coming months. In conclusion, while the past year has been one of gradual but consistent progress, we have positioned ourselves to be more efficient, agile and strategic in the year ahead. Company registratlon no 03203812 Page | 23

Action For Ra￿ Equality IA company limited by guarantee) Report of the Trustees and audited financi￿ statements for the year ended 31st March 2024 Through enhanced quality control, brand assets (like corporate banners and flyers), increased engagement across our digital channels and more visible partnerships, we are better equipped to meet the growing need for effective, planned communications, engagement and marketing support as our team and programmes expand. PLANS FOR THE FUTURE The implementation of our strategic plan 2024-27 and managing our organisational grovrth is critical. We will be piloting our Youth Leaders in the 21" Century programme with a group of young people aged 16-24 years and launching our UK Racial Terminology survey. Finally, we will develop new London employment initiatives. REVIEW OF THE FINANCIAL POSITION The majority of income of the charity is from grants. The income of the charity for the year was £1,166,953 (2023 - £1,100,280) and the resources expended were £1 ,048,292 {2022 - £889,534). The unrestritted reserves at the financial year end were £462,164 with further designated reseNes of £303,000 towards future restructuring in order for the organisation to meet its mission commitments. As with other charities of similar size and sector the inherent nature of grant funding is of short-term duration. The charity runs different projects to achieve its core objectives. Similar to other charities in this sector, it is finding it increasingly difficult to attract suitable funds to carry out all the objectives it wishes to achieve. Reserves Policy The charitys aims to hold free resenies equivalent to approximately nine months of charitable spending in order to continue to fund the activity of the charity including support and governance costs. The free reserves which are a part of the unrestricted reserves are held to make sure the charity can maintain its activities and meet its liabilities including liabilities to staff whilst awaiting the outcomes of grant applications. The free reserves held by the charity at the financial year end were £462,164 and represent approximately six months of costs. Staff All staff are directly engaged in activities in furtherance of the objectives of Action For Race Equality and their cost has been allocated accordingly. The largest expenditure of Company registration no 03203812 Page124

Action For Race Equality IA company limited by guarantee) Report of the Trustees and audited financi￿ statements for the year ended 31st March 2024 the charity is stsff costs and these are consistently reviewed to ensure optimization of the charity's resources. Structure, Governance and Management The organization is a charitable company limited by guarantee. The charitable company was incorporated on 24 May 1996 and registered as a charity on 10 June 1996. The registered charity operates within its memorandum and articles of association. Action For Race Equality is a charity limited by guarantee. The guarantee of each member is limited to £1 Governance and Management Structure The Board of Trustees is comprised of individuals from the voluntary, private and public sectors with a broad range of knowledge and experience relevant to the charity. The Board convenes throughout the year and holds an additional strategic planning away day. Action For Race Equality Trustees have delegated management of the Action For Race Equality to the Executive Director who reports on performance against the Strategic Plan approved by the Trustees. Risk Assessment The Board of Trustees constantly review and assess the risks to which the charity is exposed. particularly our activities at national level, operational and financial risks. Trustee> Responsibilities Charity and company law require the Board of Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the company and the incoming resources and application of resources, including income and expenditure, for the financial year. In preparing the financial ststements the trustees should: Select suitable accounting policies and applied them consistently Makejudgments and estimates that are reasonable and prudent Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue on that basis. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the group and the charity and Company registrdtion no 03203812 Page125

Action For Ra￿ Equality (A company limited by guarantee) Report of the Trustees and audited financial statements for the year ended 31st March 2024 to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware at the time of approving our trustees, annual report: There is no relevant audit information of which the charitable company's auditor is unaware; and The trustees have taken all steps that they ought to have taken to make them themselves aware of any relevant audit information and to estsblish that the auditor is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitsble company's website, Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislations in other jurisdictions. Auditors Able & Young acted as the auditors of the charitable company and have expressed their willingness to continue in that capacity. Small company exemption This report of the Directors has been prepared in accordance with the Companies Act 2006 relating to small companies. By order of the Board Femi Bola Dated: 12 December 2024 Company registrdtion no 03203812 Page | 26

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACTION FOR RACE EQUALITY Opinion We have audlted the financial statements of Action for Race Equality (the 'parent company,) and tts subsidiary undertaklngs (the 'group'l for the year ended 31 March 2024 whlch comprtse the Consolldated Statement of F5nanclal Activities (Tncorporating an Income and Expenditure Account}, the Consolidated Balance Sheet, the Charity Balance Sheet and the related notes. The financial reporting framework that ha5 been applied in their preparation is applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 'The Financial Reporting Standard applicable to the UK and Republic of Ireland. In our oplnlon the financial staternent5: give a true and fair view of the State of the group's and the parent charitable company's affairs a5 at 31 March 2024 and of the group's incoming resources and applTcation of resources, including it5 income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and Have been prepared in accoréance with the requirernents of the Companies Act 2CQ6 and the Charities Act 2011. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilitie5 under those standards are further described in the Auditors, responsibilities for the audit of the financial statements sectlon of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evldence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financlal statements, we have concluded that the tru5tees' use of the goTng concem basis of accounting in the preparatlon of the flnanclal statements is appropriate. Based on the work we have performed, we have not identifTed any materlal uncertalntles relating to events or condltlons that, indlvldually or collectively, may cast significant doubt on the charitable compan￿$ abllity to continue a5 a going concern for a period of at least twelve months from when the flnanclal statements are auth0ri5ed for issue. Our responslbilities and the re5ponsibilitie5 of the trustees with respect to going concern are described Sn the relevant sections of this report. Other Informatlon The trustees are responslble for the other Informatlon. The other information comprlses the Information included In the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinlon on the flnanclal statements does not cover the other infomation and, except to the extent otherwise explTCitly stated In our report, we do net express any form of assurance concluslon thereon. In connection with our audit of the financial statements, our responsibility is to read the other informatlon and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtaTned in the audlt or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perforrned, we conclude that there is a material mi55tatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken Tn the course of the audit: the infomiation glven In the Report of the Trustees for the fTnancial year for which the financial statements are prepared is consistent with the financial statements. and The RepK)rt of the Trustees has been prepared In accordance with applicable legal requirements. Page 27

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACTION FOR RACE EQUALITY Matters on which we are required to report by exceptlon In the Ilght of the knowledge and understanding of the charitable company and Its envlronment obtained in the course of the audit, we have not Identlfied material misstatements in the Report of the Trustees. We have nothing to report in respect of the followlng matters where the Companie5 Act 2Crf)6 requlres us to report to you if, in our opinlon: adequate accountlng records have not been kept or returns adequate for our audit have not been received f rom branche5 not visited by us. or the flnancial statements are not Tn agreement with the accountlng records and returns; or ertain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audlt. or The trustees were not entitled to take advantage of the small company's exernption from the requlrement to prepa a Strategic Report or In preparing the Report of the Trustees. Responslbilftie5 of trustees As explained more fully In the Statement of Trustees, ResFX)nsibilities, the trustees (who are also the directors of the charitable cornpany for the purposes of company law) are responsible for the preparatlon of the financial statements and for belng satisfied that they give a true and fair view, and for such Internal control as the trustees determine is necessary to enable the preparatlon of flnanclal statements that are free from material mi55tatement, whether due to fraud or error. In preparing the financial Statements, the trustees are responslble for assessing the charitable company'5 ability to continue as a golng concem, disclosing, as applicable, matters related to going concern and using the golng concern basis of accounting unles5 the trustees either Intend to Ilquldate the charltable company or to cease operatlons, or have no realistic alternative but to do so. Our responslbflltles for the audit of the fTnanclal statements Our objectives are to obtaln reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue a Report of the Independent Audltors that Includes our oplnlon. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted fn accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materlal If, individually or in the aggregate, they could reasonably be expected to Influence the economic decisioris of u5er5 taken on the basis of the* flnancial statements. Irreguiarltles, Includlng fraud, are instances of non-compliance with Laws and regulatlons. We design procedures In line with our ￿SpOnsIbILItIeS, outlined above, to detect materlal mlsstatements in respect of irregularities, Including fraud. The extent to which our procedures are capable of detecting irregularities, includlng fraud Is detailed below: Based upon our understandlng of the company and the industry, we identified that the prlnclpal risk of non-compllance with laws and regulatlons related to company law appllcable In England and Wales, and we considered the extent to which non.compliance might have a materlal effect on the financial statements. We also considered those laws and regulatlons that have a dlrect impact on the preparation of the flnandal statements. Such as the Companies Act 2006 and payroll tax. We evaluated management's Incentlves and opportunities for fraudulent manipulation of the financial Statements (includTng the overrlde of controls) testing the approprlateness of Joumal entries and other adjustments, assessing whether judgement made in makin¥ accountlng estlmates are indicative of potentTal blas. Audit procedures included: Enquiring wlth management regarding correspondence wlth regulators and tax authorities; Evaluating management controls designed to prevent fraud and detect Irreguiarltles; Challenging assumptlons and Judgements made by management in their critical accountlng estimates. A further description of our responslbllltles for the audit of the financlal statements Is located on the Financlal Reportlng Coundl's webslte at www.frc.or£. uklauditorsrespons7bilities. Thls description fornis part of our auditor's report. Page 28

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACTION FOR RACE EQUALir Use of our report This report is made solely to the charitable company s fflembers, as a body, In accordance Trmth Chapter 3 of Part 16 of the Companies ACL 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibilTty to anyone other than the haritsble cotnpany and the charitable company'5 members as a body, for our audit work, for thfs report, or for the oplnlons we have fom)ed. Rekha Shah {Senlor Statutory Auditor) For and on behalf of Able and Young Ltd Chartered Accountants And Registered Auditor5 Airport House Puriey Way Croydon England CRO OXZ 16 December 2024 Page 29

Action For Race Equallty { A company limited by guarantee) Consolidated stat•m•nt of flnan¢lal a¢tiviti•s (Including consolidated income and expenditu￿ account) Forthe year ended 31 March 2024 Unrestricted Restricted Totsl Funds Notes Funds 2024 Funds 2024 2024 Total Funds 2023 Income Donations and legacies Income from charitable activities Other trading activities Investment income 4.395 100.180 221,137 39.719 30.000 771.522 34.395 871.702 221.137 44.777 950.963 92.523 12,017 39,719 Total income 365,431 801,522 1,166,953 1,100.280 Expenditure Raising funds Charilable activities 146.829 25.994 146,829 901,463 56.314 833.220 875.469 Total resources expended 172,823 875,469 1,048,292 889,534 Net incomingl(outgoing) R•sources b•for• transfers 192.608 (73,947) 118,661 210,746 Transfers between the funds Net movement In funds for the year 192.608 (73,947) 118.661 210.746 Fund balances brought fO￿ard at 1 April 2023 Fund balancos ¢arried forward at 31 March 2024 572.516 242.200 814.716 603.970 15 765,124 168,253 933.377 814.716 The charity derived ils income from continuing charitsble grants and activities. The results also include income and expen86S of the trading subsidiary. There were no recognised gains and losses other than those included in the statement of financial activities above. Company registration no 03203812 Pa8e 30

Actlon For Race Equality ( A company limited by guarantee) Consolidated balance sheet As at 31 March 2024 2024 2023 Notes Fixod assets Tangible assets Current assets Debtors Short lerm investments Cash at bank and in hand 29.644 159,758 1.690.115 44.572 156,782 1,168,813 12 1.879.516 1.370.167 Creditors - amounts falling due within one year 13 946.140 555.452 Net Current assets 933.376 814,715 Net assets 933,377 814,716 Funds Income funds Unrestricted funds General funds Designated funds 462,124 303,000 373,716 198,800 Restricted funds 168.253 242.200 Total funds 15 933.377 814,716 The trustees have prepared group accounts in accordance wtth the Companies act 2006, s. 398 and tho Charities Act 2011, S. 138. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. Approved by the trustees on and signed on their behalf by: S Manchanda Trustee Date: 12 December 2024 Company registration no 03203812 Page 31

Action For Race Equality ( A company limited by guarantee) Charlty balanco sheet As at 31 March 2024 2024 2023 Notes Flxed assets Tangible assets Investments 10 Current assets Debtors Short term investments Cash at bank and in hand 7.634 159,758 1.670,898 870 156.782 1.156.416 12 1.838,289 1,314.068 Creditors - amounts falling due within one year 13 929,129 523.569 Net current assets 909,160 790.499 Net assets 909,163 790,502 Funds Income funds Unrestricted funds General funds Designated funds 437,910 303,000 349,502 198,800 Restricted funds 168.253 242.200 Total funds (o) 909,163 790,502 The diredors have prépared company's accounts in accordanca with the Companies act 2006, 8. 398 and the Charities Act 2011, S. 138. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Compani8s Act 2006 and are for circulation to members oflhe company. Approved by the trustees on and signed on their behalf by: S Manchanda Trustee Date: 12 December 2024 Company registration no 03203812 Page 32

Actlon For Rac• Equallty ( A company limited by guarantee) Cash flow statement For th• yoar gnd•d 31 Mar¢h 2024 Group 2024 Charity 2024 Group 2023 Charity 2023 Notes Cash provided (used) in operating activities Cash flows from investing activities: Interest income Taxation Purchase of tangible fixed assets 16 485,575 478,978 401,063 398.980 39.719 39.497 12.017 11,795 (3,993) (3.993} {3,401) (3.401) Net cash used in investing activities 35,726 35.504 8,616 8,394 Change in cash and cash equivalents in the year 521,302 514.482 409,679 407,374 Cash and cash equivalents brought forward 1,168,813 1,156,416 759,134 749,042 Cash and cash equivalents carried forward 1,690,115 1,670.898 1,168,813 1,156.416 Company registration no 03203812 Page 33

Action For Race Equality { A company limited by guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 ACCOUNTING POLICIES The prlnclple accounting policies, which have been applied ¢onslstently, are as fo15ows: 1.1 Basls of praparation 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 {FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Action For Race Equality meets the definition of a public benefit entity under FRS 102, Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. 1.2 Company status The company is limited by guarantee. The guarantors are the directors of the company. The liability in respect of the guarantee is limited to £1 per member. 1.3 Going concern The financial ststements have been prepared on a going concem basis, which is dependent upon the availability of adequate continued funding. The nature of the companls funding is inherently uncertain and should grant funding be discontinued in the future years, the charitywould have to find other sources of funding. or significantly curtail its activity. After reviewing the charity's forecasts and projections, the Irustees have a reasonable expectalions that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. 1.4 Group financial statements The consolidaled financial statements comprise Action For Ra￿ Equality, the charity, and its wholly owned subsidiary ARE Enterprise Lld . A separate Statement of Financial Activities and income and expenditure account for the charity has not been presented because the Charitable Company has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. Company registration no 03203812 Page 34

Actlon For Race Equallty ( A company limited by guarantee) Notes to the financial statements For tho year ended 31 Mar¢h 2024 (continued) 1.5 Fund accounting Unrestricted funds Unrestricted funds are grants and other income received or generated for the objects of the charity without further specified purpose and are available as general fund5. General funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the trust. Designated funds represent unrestricted funds allocated by trustees for particular purposes. 1.6 Restrfcted funds Restricted funds are funds to be used for specified purposes based on the conditions imposed by the donors. All income and expenditure is shown in the Statement of Financial Activities. 1.7 Income Income from grants and donations, including capital grants, is included in the Statement of Financial Activities when the charitable company is entitled to the funds, any performance conditions attached to the grants have been met and the amount can be measured with reasonable certainly. Income is deferred when the charitsble company has to fulfil conditions before becoming entitled to it or where it is received for use in a future accounting period. The notes to the Statement of Financial Activities show the gross amount received together with the Changes in the amount defarred. Doferred income is included in creditors. Income from charitable trading activities is included in income in the period in which the activity takes place and includes income receivable for training, consultancy. conferences. commission and publication sales. 1.8 R•sources expended All expenditure is accounted for on an accruals basis and is recognis8d when there is a legal or constructive obligation to pay. Expenditure items have been classrfied under headings that aggregate all costs related to each category. Where costs cannot be directly attributed to particular activities, they have been allocated on the basis of staff time spent on each activity. Staff costs and overhead 8xpenses, including any support or governance costs, are allocated to activities on the basis of staff time spent on those activities. Costs of raising funds are those costs arising from trading activities. 1.9 Penslon costs The company operat9s a money purchase (defined contribution) pension scheme. Contribution payable to this scheme are charged to the statement of financial activities in the period to which they relate. These contributions are invested separately from the companYs assets. Company registration no 03203812 Page 35

Action For Race Equality { A company limited by guarantee) Notes to the financial statements For the year andad 31 March 2024 (contlnuad) 1.10 Tangible fix•d assets and d•pro¢iatlon Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tarbgible fixed assets at rates calculated to write off the cost less the estimated residual value over the expected life of each asset as follows.. Equipment- on a straight line basis over 1 to 3 years 1.11 Investments Investments in subsidiary undertakings are recognised at cost. 1.12 Curr•nt assets Trade and other dabtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. 1.13 Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less. 1.14 Credltors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past 8vent that will probably rasult in the transfér of funds to a third party and th8 amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts. Company registration no 03203812 Page 36

Actlon For Race Equallty ( A company limited by guarantee) Notes to the flnancial statements For the year ended 31 MarGh 2024 (Gontinued) 2 Incoming resources 2024 2023 Restrlcted Funds AB Charitable Trust Barrow Cadbury Trust Big Lottery Fund Blackbaud Comic Relief Columbia Threadneedle Foundation Disrupt Foundation Esmee Fairbaim Foundation Greater London Authority London Community Fund Network For Social Change Paul Hamlyn Foundation The City Bridge Trust Trust for London Youth Futures Foundation AB Charitable Trust APA The Clothworkers. Foundation APA Grants received in advance - movement 127.500 17,000 118,112 30.000 120,000 60,000 110,000 30,130 173,560 15,000 50,000 37,400 57,500 18,000 184,815 27,000 109.186 110,000 300,000 160,000 107,750 58,900 119.000 82,534 27,500 50,000 (381,125) (307,794) Total restricted Grants 801,522 810,446 Unrestrlcted Funds The Clothworkers, Foundation Income from charitable activities Other grants Donations 100,000 180 37,421 123,096 24,778 4,395 906,097 221,137 995,741 92.522 Activities for generating funds Investrnent income: Bank interest 39,719 12,017 1.166.953 1,100,280 Income is accounted for on a receivable basis. Where income is received in advan￿ and the expenses may not have been incurred relevant to that income the excess income is carried forward and utilised in subsequent period or year. All the above restricted funds have been spent and the expenditure is noted in note 3 to the accounts. Where the grant period straddles the accounting year the unspent part of the grant is carried foNard as a restricted reserve and is spent in the subsequent period. Company registration no 03203812 Page 37

fAO ¢SJ N Q) v¢DCQO m (N rD m a> v fQ ¢4 mofn fntLnomrnJ mo￿￿40 Ln o￿Ln 0￿r LL)u(J￿<0

tion For Race Equality ( A company limit8d by guarantee) Notes to the financlal statements For the year ended 31 March 2024 (contlnued) 4 Net Incomlng resources before transfers This is ststed after charging: 2024 2023 Directors emolumenls Depreciation Op8rating leases - land and buildings Auditors, remuneration Audit fee 3,993 24,192 3,401 23.337 3.350 3,350 5 Staff costs staff costs during the period were as follows: 2024 2023 Salaries and wages Soci81 security costs Other pension costs 386,095 33,709 29,421 364.838 34.183 27,777 449,225 426.798 One employee earned, as defined for taxation purposes. £60.000 or more. The average number of employees during the period. analysed by function was: 2024 Number 2023 Number Direct charitable expenditure Chief officer Others Management and administration 11 13 6 Penslon costs Money purchase (defined contributlon) penslon scheme The charity operates a money purchase (defined contribution) pension Schem8. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £29,421 (2023 - £27,777). Company registration no 03203812 Page 39

Acllon For Race Equallty { A company limited by guarantee) Notes to Ihe financial statements Forthe year ended 31 March 2024 (Continued) 7 Taxation As a registered charity under the Charities Act 2011. income from charitable activities is exempt in accordance with sections 46￿93 of the Corporation Tax Act 2010. 8 Trusle•s' Ramuneration and exponsos The trustees nor the directors received any remuneration during the period for acting as trustees. All the trustees and directors are entitled to have their expenses reimbursed. These expenses were reimbursed as follows: 2024 2023 Travelling and subsistence expenses £221 £47 9 Tangible fixed assets Group and the charlty Furniture and equipment Cost At 1 April 2023 Additions 18.282 3,993 At 31 March 2024 22,275 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 18,281 3,993 22,274 Net book value Al 31 March 2024 At 31 March 2023 Company registration no 03203812 Page 40

Actlon For Race Equallty { A company limited by guarantee) Notes to the financial statements For the year ended 31 Mar¢h 2024 (¢ontinuod) qo Net Income from trading The charity has one trading wholly owned subsidiary, ARE Enterprise Ltd , which is incorporated in the UK and registered in England, the accounts of which are audited and filed at Companies House. A summary of its financial position is given below. Profit and loss ac¢ount of ARE Enterprise Ltd 2024 2023 Turnover Expenses Covenanted payment to charity 221.137 (152,681) (68,947) 92,522 (55.271} (37,473} (491 } 491 (222} 222 Interest receivable Profil on ordinary activities after laxation Summarised balance sheet of ARE Enterprise Ltd 2024 2023 Current assets Creditors: amounts falling due within one year 47,991 {23,775) 61.133 (36,917} Net assets 24,216 24,216 Called up share capital Profit and loss account 24,214 24,214 24.216 24,216 The charitys investment in ARE Enterprise Ltd is two ordinary shares of £1 each. being the whole issued share capital of ARE Enterprise Ltd. Company registration no 03203812 Page 41

Action For Race Equality ( A company limited by guarantee) Nol•s to tha financial stat•monts For the yaar anded 31 March 2024 (continued) 11 Debtors Group 2024 Charity 2024 2023 2023 Trade debtors Amount due from subsidiary undertaking Other debtors 19,920 43,702 8,764 870 9.724 870 870 29.644 44.572 7,634 870 12 Short terni investments This is a 904ay fixed interest rate deposit held wilh Nationwide. 13 Creditors amounts falling due within one year Group 2024 Charlty 2024 2023 2023 Trade creditors Amount due to subsidiary undertaking Taxation and social security costs Other creditors and deferred income 2.452 5.599 1.321 5,599 5,035 11.284 932.404 946.140 5.672 544.181 555.452 927.808 929,129 512,935 523,569 14 Analysis of net assels between funds Unrestricted General Restricted funds Total funds Fix8d assets Current assets Current liabilities 794,616 (29,493) 1.084,900 1,879,516 {916,647} (946,140) Total net assets 765,124 168,253 933,377 Company registration no 03203812 Page 42

Action For Race Equality ( A company limited by guarantee) Not•s to tha financial statements For the year ended 31 March 2024 (contlnu•d) 15 Statement of funds Balance Notes 31 March 2023 Balance 31 March 2024 Incoming Outgoing Transfers General funds 373,716 198,800 242.200 365.431 {172,823} <104,200) 104,200 462.124 303.000 168.253 Designated funds Restricted funds 801,522 (875,469) Total funds 814.716 1.166.953 {1,048,292) 933,377 The balances will be carried fomard and used as follows: a The balance will all be utilised in the forthcoming months to meet the delivery commitments made by the charity. b The balance will be used to continue the funding of the charitys mission. Due to th8 short term nature of the funding that the charty receives the charity is building up a six month reserve, on grounds of prudence, to finance its activities during the time lag between existing grants expiring and new sources of funds being obtained and in the event of any unforeseen circumstances. Designated funds are funds Designated funds are unrestricted funds thal have been set aside at the discretion of the truslees for following purposes. 2024 2023 servi￿ development, research and stsffing fund Transfers 198,800 104,200 203.000 (4,200) 303,000 198.800 The charitywshes to continue its successful work in developing policy research, working with young people and increasing employment for the minority communities. In order to achieve these objectives the charity is in the process of revising its structure and increasing the number of staff to deliver its core mission. It is seeking funding to continue this vmrk and has designated some of its reserves to the revised structure whilst obtaining this funding. Company registration no 03203812 Page 43

Actlon For Race Equality ( A company limited by guarant88) Notes to the financlal statements For the year ended 31 March 2024 (continued) 16 Reconciliation of net movement in funds to net cash flow from operallng actlvitles Group 2024 Charity 2024 2023 2023 Net incoming resources (as per the slatement of financial activities) Depreciation charge Interest income Decrease {increase) in short term Investments Decrease (increase) in debtors Increase {decrease) in creditors 118,661 210,746 3,993 3,401 (39,719) (12.017) {2,975) (859) 14,928 (27,112) 390,688 226,904 118,661 3,993 (39.497) (2.975) (6,764) 405,560 210,746 3.401 <11,795) (859) 197,487 Net cash provided by operating activities 485.575 401,063 478,978 398.980 17 Commitments under operallng leases 2024 2023 Total Gommitmenls 6,048 6,048 Company registration no 03203812 Page 44