RACE ON THE AGENDA
Company No: 3425664
Charity No: 1064975
rota
Financlal Statements and Trustees, Report
forthe year ended 31 March 2024

Race on the Agenda
Index
Pa
Contents
Index
Legal and Administrative Details
Trustees Report
Independent Examinerfs Report
io
Statement of Financial Activities
li
Balance Sheet
12-19
Notes to Accounts

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
Race on the Agenda
Status-
Company Limited by Guarantee No. 3425664
Charity registration No. 1064975
The Company's governing document is its Memorandum and
Articles of A550ciation dated 15 De￿rnber 2008
Secretary and
registered office-
Michael Buraimoh (left May 2024)
Resource for London
356 Holloway Road
London N7 6PA
Tel: 020 7697 4093
Website: ww.rota.org.uk
Email: rota@rota.org.uk
Facebook: facebook.com/ROTA.orgl
Twitter: twitter.comlraceonthea£enda
Trustees:
Ali Ahmed (Chair)
Gifford Sutherland (Treasurer)
Lorraine Dongo (Wice-Chair}
Dr. Tele Amuludun
Jasber Singh (Resigned 5 Sept 2024)
Kadra Abdinasir
Dr Ariel Breaux (Joined 5 Sept 2024)
Bakari Ukuu {Joined 5 Sept 2024)
Fevzi Hussein (Joined 5 Sept 2024)
Michelle Daley (Joined 5 Sept 2024}
Independent
Examiner:
A.A Boafo-Brewu. FCCI MBA
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford, Essex
IGI 4AE
Bankers:
Unity Trust Bank plc
Nine 8rindleyplace
Birmingham
BI 2HB

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
Race on the
enda
Trustees. report
for the year ended
31 March 2024
The trustee5 are pleased to present their annual directors, report together with the financial
statements of the charity for the year ended 31 March 2024 which are also prepared to meet
the requirements for a directors, report and accounts for Companies Act purposes.
The financial statements comply with the tharities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association. and the Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their account5 in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective l January 2015).
Structure. governance and management
ROTA is a registered charity (No. 1064975) and a company limited by guarantee (No. 3425664),
governed by a memorandum and articles of association. The company has an executive
committee, known as the board of tTUStees. of not less than three people including:
the honorary officers, Chair. Vice Chair and Treasurer.
trustees elected by ROTA members.
trustees co-opted by the board of trustees.
The business of the company is managed by the board of trustees. The board has also
established three sukKommittees which meet in addition to scheduled general board meetings
(bi-monthly). These are:
Human re50urce5 sub-committee (meets ad hoc)-
Finance sub-committee (meets bi-monthly):
Communications sub-committee (meets at least twice a year).
Governlng document
The organisation is a charitable company limited by guarantee, incorporated on 27 August 1997
and registered as a charity on 22 October 1997. The company was established under a
Memorandum of Association which established the objects and powers of the charitable
company and is governed under its Articles of Association. The Memorandum and Articles of
Association were amended by Resolution dated IS December 2008. In the event of the company
being wound up members are required to contribute an amount not exceeding £10.
Recruitment and appointment of trustees
The directors of the company are also charity trustees for the purposes of charity law and under
the companvs Articles are known as directors. At each annual general meeting one-third of the

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
directors or. if their number is not three or a multiple of three. the number nearest to one third
must retire from office and offer themselves for re-election.
The board has agreed a policy and procedure forthe recruitment and selection of new member5.
Vacanciesforelected and co-opted Board members are advertised although candidates may also
be identified through networking or contscts.
Advertisements are based on the role description and any skills gaps identified through the most
recent board skills audit. During the year 2023124, there were no new board members joining or
any resignations. There were 6 registered Board members atthe end of the year, 31 March 2024.
Trustee induction and training
Board members are already familiar with the practical work of the charity having been on the
board forseveral years and having had experience of working in or with the Third sector. Further
policies and procedures for the induction and training of new trustees have been developed.
agreed and implemented bythe Board. New members of the Board can attend courses in -Roles
and Responsibilities of Trustee￿ organised by the Directory of Social Change. Copies of ROTA
publications are distributed to all new board members alongwith the Memorandum and Articles,
the latest financial statements, The Charity Commission publication -Essential Trustee", the
NCVO publication "Code of Good Governance", the ROTA business plan. the Charity Commission
guide on conflict of interest Chaiity Commission Declaration Form and the ROTA flier.
Rlsk management
The board of trustees and Chief Executive regularly review ROTA'S activities and identify the risks
to which it is exposed. those related to operations and finances. This process involves identifying
the risks and prioritising them in terms of potential impact and likelihood of occurrence.
Controls to prevent or minimize the risks are identified. together with deadlines for their
implementation. The risk register is revtewed by the board of trustees annually.
Objertives and activities
Summary of the objects of the charity
The object for which the company is established is:
o work toward5 the eliminatton of nKial di5crimlnation and to promote equality ol
opportunity. human rlght5 and good relations between persons of different groups" (ROTA
memomndum olassoclatlonj.
ROTA 15 one of Britain's leading expert organisations on -race- equality, focusing on issues that
affect Black and Global Majority communities. Originally set up in 1984 as GLARE (Greater
London Association for Race Equality) ROTA renamed itself and adopted a new constitution in
1997.

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRU5TEES' REPORT FOR THE YEAR ENDED
31 MARCH 2024
ROTA aims to create a just and equitsble Britain. working with communities to eliminate systemic
racial injustices,
We do this by carrying several strategic proJects and through action research on various aspects
of the many the Black and Global Majority communities throughout the UK.
Summary of the Tnain activities in the period of 2023 - 2024
ROTA retained its mission on the charitable objective by providing a unique combination of
frontline and infrastructure services to all Black and Global Majority led organisations and Black
and Global Majority people, paying particular attention to those who tend to be marginalised
or excluded.
ROTA focused its attention on exploring and securing fvnding new funding to sustain the
organisation, without the leadership of a Chief Executive. for over half of the year.
Some of ROTA'5 funding is restricted to London but we also operate more widely in England
and our move to providing virtual setvices meant our reach was national.
ROTA'S services in 2023 - 24 can be grouped under four categories:
a) Policy Development. Volce and Representstion of issues affecting Britain's Black and Global
Majority communities by developing responses to consultations and legislative changes, sitting
on policy bodies and by 5UPPOrting staff of other Black and Global Majority and equality
organisations to sit at the decision-making table. Attending steering group meeting at Equalty
Ours and HEAR Network are prime examples of this.
b) Infonnation. Research and Awareness Raising through innovative research and
publications, producing articles. blogs and external papers. holding events, attending and
speaking at external events and meetings. campaigning and providing specialised support.
consultancy and advice. We held our annual conference. chaired by Professor Gus John and
presented the finding from our research report oh Yhwarted Ambition<.
c) Medla representation and thought leadership ROTA continued to be present in media. Our
CEO made 2 media appearances.
d) Projects for Capaclty-building and Skills Development We held 2 membership engagement
session5 and analysed a membership survey
Addttional information on objectives and activitles
Volunteers
Volunteers play a vital role in our work. During the year, our Education Poliry Researcher
volunteer, supported ROTA who committed over 700 hours.

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES, REPORT FOR THE YEAR ENDED
31 MARCH 2024
ROTA Membershi
ROTA membership continuedtogrow. resulting tn a 0.07% increase. composed of both individual
and organisational tnembership. 2023/24 saw 2 new membersjoin ROTA with the total the total
ROTA membership at the year being 2.688. We continue to develop our online presence with
over IOK Twitter followers and over 847 Fa￿book page followers.
Fundraisin
During the period we secured £49k of legacy donation and submitted a number of furbding
prop05als.
We renewed our contract with Airbnb to continue. as an part of their UKTrust and
Safety Alliance.
We secured Strategic Initiative funding from City Bridge Foundation and Paul Hamlyn to
begin the recruitment of a new Chief Executive.
We initiated our Propel Project by recruiting a Training and Engagement Manager and a
Research and Policy Coordinator.
We inttiated strategic planning for a new organisational strategy.
We successfully recruited a new CEO in December.
We secured a Planning Grant from Oak Foundation for the initiation of our Housing
Project work.
With our increased output of funding bids. we secured fvnding from W Bridge Foundation
and Paul Hamlyn and recruiting a Chief Executive in December 2023.
In January 2024, our Propel project began with the recruitment of a Research and Policy
Coordinator, followed by the recruitment of a Training and Engagement Manager in March
2024.
We continue to explore further long-term core funding.
INFORMATION. RESEARCH AND AWARENESS RAISING=
Our principal targetgroups continueto be The Black and Global Majority communities. anti-racist
voluntary organisations. policy makers in government and public sector bodies. and funders. We
believe in evidence-based policy. We disseminated information and increased awareness of
issues affecting the Black and Global Majority communities and other equality groups through:
In-house publications: Produced l email newsletter Research Publications, l online blogs
and I Policy E-Newsletters.
ROTA events: In May2023. Professor Gus John chaired ROTA'S conference on "Thwarted
ambitions" Why do some students chooseto withdraw from Universtty?. The conference
discussed ourPilot Studyon Higher Education indicatingthat UK-domiciled students from
Global Majority and Gypsy, Roma and Travellercommunitxes are rnore likelyto withdraw
from university than white students.
Consultancy and advice- ROTA provided advice and support to public. private and third
sector organisations and individuals. We advised on the development of most recent
research project for the Herriot Watt University on the Race and Homelessness
programme. where we served on the advisory board.

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
External events: ROTA staff continue to attend online and in-person events.
SKILLS DEVELOPMENT: ROTA aims to Increase the capacity of Black and Global Majority and
equality organisations to get engaged in policy. develop partnerships and learn from best
practice. We also aim to increase the skills and knowledge of Black and Global Majority
individuals to fight discrimination and become champions in helping to promote equality of
opportunity.
Financial revlewThe financial position of the charity, at the end of the financial year 15 a5 set out
in the attached financial Statements.
Investment policy
The trustees are committed to using and maintaining reserves prudently. As a result of this and
the current financial climate ROTA does not invest in medium- and long-term markets. Our
reserves are placed in a 'risk free. savings account with Unity Trust Bank. The investment is
monitored on a weekly ba515.
Reserves policy
The board of trustees has examined the ch3ritrf5 requirements for reserves in light of the main
risks to the organisation. It has established a policy whereby the unrestricted funds not
committed or invested in tangible fixed assets held by the charity should be between 3 and 6
Months of the annual expenditure. The reserves are needed to meet the working capital
requirements of the charity. and the Board are confident that at this level they would be able to
continue the current activities of the charity in the event of a significant drop in funding. At the
year-end, unrestricted funds amounted to £120,387, of which £55,387 represented general
funds. The trustees have designated the remaining £65.000 for the winding down Df the charity
in an orderly manner. should it become necessary.

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES, REPORT FOR THE YEAR ENDED
31 MARCH 2024
Statement of trustees, responsibilities
The trustees (who are directors of the charitable company for the purpose of company law) are
responsible for preparing the trustees, annual report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law requiresthe trustees to prepare financial ststements for each financial year which
give a true and fair view of the state of the affairs of the charitable company and of the incoming
resources and application of resources. including income and experKliture of the charitable
company for that period.
In preparing these financial statements, the trustees are required to:
a) select suitable accounting policies and apply them consistently:
b) observe the methods and principles in the Charities SORP.
c) make judgements and estimates that are reasonable and prudent.
dl state whether applicable UK accounting standards have been followed. subject to any
material departures disclosed and explained in the financial statements,"
e) prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting record5 that disclose with
reasonable accuracy at any time the financial position of the charitsble company, and enable
them to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable Steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance of the corporate and financial information
included on the charitable company's website. Legislation in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
Independent Examlner
A resolution to reappoint AUgus￿S & Co, Chartered Certified Accountants, as the Independent
Examiner of the company will be proposed at the Annual General Meeting.
This report which has been prepared in accordance with the special provisions relating to
companies subject to the small companies regime within Part 15 of the CompaniesAct 2006, was
approved by the board on 28 October 2024 and signed on its behalf by:
IAhmttlNtriI3.1024 13ylA&￿I
Ali Ahmed {Chair and Trustee)

RACE ON TrIE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
Independent Examlnerfs Report to the Directors of Race on the Agenda
I report to the trustees {who are also Directors for the purpose of company law) on rny examination of
the financial statements of Race On The Agenda ('the charitable companv) for the year ended 31 March
2024 whith comprise the Statement of Financial Activities, the Balance Sheet and related note5.
This report is made soleEy to the charitfs trustees. as a body. in accordance with sertion 145 of the
Charities Act 2011. My work has been undertaken so that I might state to the ch3riVs trustees those
matters l am required to state to them in this rewrt and for no other purpose. To the fullest extent
permitted by law, I do not accept or assume responsibility to anyone other than the charity and the
charl￿S trustees as a body. for my worL for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of charitsble company. you are responsible forthe preparation of the financial statements
in accordance with the requirements of the Companies Act 2006 { the 2006 Act'l.
Having satisfied myself that the financial statements of the charitable company are not required to be
audited under Part 16 of the Act and are eligible for independent examination, I report in respett of my
examination of the charitable compan•ls financial statements carried out under section 145 of the
Charities Act 2011 ('the 2011 Arf) and in carrying out my examination I have followed all the applicable
Direttions given by the Charity Commission under Section 145(5)Ibl of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an
audit and consequently does not coverall the matters that an auditorconsider5 in givingtheiropinion on
the financial ststements. The planning and conduct of an audit Eo beyond the limited assurance that an
independent examination can provÉde. Consequently, l express no opinion a5 to whether the financial
statements present a 'true and fairf view and my report 15 limtted to those specific matters set out in the
independent examinerf5 StatemenL
Independent examinerfs statement
If the charitable companVs gross income exceeds £250,000 your examiner must be a member of a body
listed in sertion 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because
l am a memberof ACC4, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have corne to my attention in
connection with the examination grving me cause to believe that in any material respect:
accounting record5 were not kept in respect of the charitable company as required by section 386
of the 2006 Act. or
> the financial statements do not accord wtth those re£￿d$. or
> the financial Statements do not comply with the accounting requirements of section 396 of the
2006 Act otherthan any requirement that the financial statements give a 'trueand fairview which
Is not a matter considered as part of an independent examination: or
the financial statements have not been prepared in accordan￿ with the methods and principles
of the Statement of Recommended Practice for accountlng and reporting by charities applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102}.
I have no concern5 and have come across no other matters in connection with the examination to which
attention should be drawn in this report In order to enable a proper understanding of the financial
statements to be reached.
A A Boafo-Brewu IFCCA MBA)
374 Ley Street
Ilford
Essex IGI 4AE
Augustus & Co
Dated: l * lil
2024

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
Statement of Financlal Actlvltles (Incorporating the Income and Expendlture Account) for the year
ended 31 March 2024
Year etwjed 31 Ma￿h 2￿24
Yeurended31 Morch 2023
Restricted Unrestrtcred
Funds
Funds
Re5tTiCted U4ryre5tricted
Fund5
Funds
Notes
Total
Totol
Income from..
Donatior15 and IEgaae5
51AS6
51A56
3,813
3,813
Income from charitable actlvltles:
Voluntary incorne
Income from other activities:
Fees and sundry
217.737
217.737
129,455
129.455
Z5,980
25,980
Investment income
Total Income
£217.737
£51A56
£269.193
£129.455
E29,793
£159,249
Expenditure:
Raising funds
2.756
7,914
7,914
Charitsble activitie5
63.787
81.811
145.599
139.532
38.537
178,069
TotsI￿enditUre
£66.475
.567
£￿1.043
£147.446
£38537
£185,983
Net Income IlexpÈndltureJ and net
moveThent In funds forthe year
151.261
{33.1111
I17.9￿)
18.744)
126,7341
Retonaliatlon of fund5
Total funds brou8ht fornvard
153.498
153.498
17.990
162.241
180.232
Total funds ¢arrled forvfard
£151,261
E120,387
£271,648
E153.498
E153.498
The Statement of Financial Activtties indudes all gains and bsses recognised in the year.
All income and expenditure derive from continuing activities.
Movements in funds are di5c105ed in Note 16 to the financial statements.
io

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
Balance Sheet as at 31 March 2024
2024
2023
Fixed assets
Tangible assets
Totalflxedossets
356
356
859
859
Current assets
Debtors
Cash at bank and in harKI
rotal current 055ets
11.022
145,623
156.645
278.859
280.407
Creditors: amounts falling due
withln one v
14
(9,115)
14.0061
Net current
ossets/fllobllltlesJ
271,292
152,639
Total assets le55 current
liabllltles
271.648
153,498
Net assets
271.648
153.498
The funds of the charity:
Restrlcted funds
Unrestricted funds-
Designated funds
General fund
Total unrestricted funds
16
151.261
15
65.1)00
55.386
65.000
88.498
16
120,387
153,498
Totoltharrtyfvnds
271.648
153,498
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating
to srnall companies. The members have not required the company to obtain an audit in accordance with
section 476 of the Companies Act 2006.
The directors acknowledge their resporbsibilities for complying with the requirements of the Companies
Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordan￿ with the provisions applicable to sm311 companies
subject to the small companies, regime and in accordance with FRS102 SORP.
These financial statements were approved by the board on 28 October 2024 and signed on its behalf by:
AbArLrnEdlPi{￿I3.202I i*esGNI
Director- Ali Ahmed (Chair and Trustee)
Dirertor- Gifford Sutherland (Treasurer)
Registered Company number 3425664.
The note5 on page5 12 to 19 lorm part ofthese financial statements.
11

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
Notes to the Financial Statements ft)r the Year Ended 31 March 2024
Accounting policies
The principal accountlng policies are summari*d below. The accounting policies have been
applied consistently throughout the year and in the preceding year.
Basis of accountin
The financial statements have been prepared in accordan￿ 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 l January 20151- (Charities SORP (FRS 1021,
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)
and the Companies Act 2iJJ6.
Fund accountin
Unrestricted funds are available for use at the discretion of the trustee5 in furtherance of the
general objective5 of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subject to restrictions on their expenditure impl￿d by the donor or through
the terms of an appeal.
(iii) Incomin
resources
All incoming resources are included in the statement of financial activitie5 when the charity 15 entitled to the
income and the amount can be quantified with reasonable accuracy. The following specific policies are
applied to particular categories of inciKne-
Voluntary income is received by way of grants. donatio￿£ and gifts and is included in full when receivable.
Donated services and facilities are included at the value to the charity where this can be
quantified. The value of services provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
(iv)
Resources ex
ended
Expenditure is accounted for on an accrual basis as a liability is inturred. Expenditure includes anv
VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs a550ciated with attratting voluntary income.
Charitable expenditure comprises those costs tncurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly to
such activities and those costs of an indirect nature necessary to support them.
Govemante costs include those tosts associated with meeting the constitutional and statutory
requirements of the charity and include the audit fees and costs linked to the strategic management of
12

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES, REPORT FOR THE YEAR ENDED
31 MARCH 2024
the charity.
All costs are allocated between the expenditure categories of the statement of flnancial activities on a
basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated
directly. others are apportioned on an appropriate basis.
(v)
reciation of Fixed assets
Tangible fjxed assets are stated at C05t less accumulated depreciation. The cost of minor addition5
or those costing below £500 are not capitalised. Depreaation is provided at rates calculated
to write off the cost of each asset over its expected useful life. The rates used are as follows..
Office and IT equipment
25% straight line
A full year's depreciation is charged in the first year of use of the asset.
(vi)
Pension costs
The company provides a workplace pension thmugh The People's Pension.
For employees who do not join the scheme. the company contributes into their private pension schemes.
Donations
Year to 31 March 2024
Restricted Unrestricte
Funds
d Funds
Year to 31 March 2023
Restricted
Unrestrirted
Funds
Funds
Total
Tot¢71
Donations
Legaaes
2.256
49.200
2.256
49,200
3.813
3.813
£51.456
£51.456
£3.813
£3.813
Grants
Year to 31 March 2024
Restricted Unrestricted
Funds
Funds
Yeor to 31 March 2023
Restricted
Unrestricted
Fund5
Fund5
Total
Totol
City Bridge Trust. Cornerstone Fund
lty 8ridge Foundation- Core I
City Bridge Foundation- Core 2
City Bridge Foundation - Propel
Barrow Cadbury Trust
Runnymede Trust
Oak Foundation
Paul Hamlyn Foundation
27.333
26,883
27.333
26,883
15,737
30.000
162.OQO
15.737
30.01)0
162.000
352
5,786
69.101
352
5,786
69,101
iO,(KJO
10.000
£217,737
£217,737
£129,455
£129,455
13

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES, REPORT FOR THE YEAR ENDED
31 MARCH 2024
Fees and other Incoming resources from charitable activities
Yearto 31 March 2024
Re5trirted Unrestricted
Funds
Funds
Year to 31 March 2023
Restrirted Unrestricted
Funds
Funds
Total
Total
Fees and other services
25,980
25,980
£25,980
£25,980
Anaty5is Qf expenditure
Year to 31 March 2024
Restricted Unrestricted
Funds
Funds
Yet7r to 31 March 2023
Restricted Unrestricted
Ful￿5
Funds
Basis of Allocation:
Unless stated allocated on a
usage basis
Total
Total
Charltable Artivities
Direct Costs..
Wages and Salaries
Employerfs Nl contributions
Pension Costs
Staff recruitment
Staff travel and subsistence
staff training
Sessional Staff
Volunteer expenses
Trainingjworkshops
Equipment and materials
Publications/Promotion
Consultancy
Events
Partnership payments
Evaluation
Rent and service charges
ITsupport
Office costs
Depreciation charges
Governance costs Isee note 71
48,777
3,604
1.381
10,346
50,705
1.882
2,535
5.493
74
99.•183
5.486
3,916
15,838
74
107.816
6,053
4,808
60
21.585
1,238
1,611
194
129.401
7,290
6,418
254
174
174
183
170
783
270
1.846
21
100
1.846
423
728
6,570
653
1,109
1500
6.504
3.522
700
3,684
28
972
440
6,598
1.625
1,549
2,5
6,504
10.266
700
7,174
503
1,380
4.226
4,226
1.841
9.877
11.717
6.744
103
6.797
503
69)0
503
1,966
3,490
503
1,380
Total
£66,475
£84,567
£￿1,043
£147A46
£38,537
E185,983
14

RACE ON THE AGENDA FINANCIALSTATEMENTS AND TRU5TEES' REPORT FOR THE YEAR ENDED
31 MARCH 2024
Net Income (Expenditure)
2024
2023
Net incoming resour￿5 is Stated after charging.
Depreciation and other amounts written off tsngible assets
Independent Examlnerfs fees
503
1.200
503
1.200
Total
£1.703
£1.703
Year to 31 March 2024
Yeor to 31 Morch 2023
Restricted Unrestricted
Funds
Funds
Restricted Unrestricted
Funds
Funds
Total
rotal
Governante tosts
Trustees. Costs
Independent examinerfs
fees
AGM and Annual Report
131
L2
131
1,200
1,200
1,200
635
635
13
13
£1.966
£1,966
£1,213
£1,213
Yearto 31 March 2024
Restricted Unrestricted
Funds
Funds
Ye¢7r to 31 March 2023
Restricted Unrestricted
Fund5
Funds
Total
Totol
Cost of ralsln8 funds
Staff costs
Fundraiser
2.688
2,756
7.914
7,914
£2,688
£2,756
£7.914
£7,914
Trustees and key management personnel remuneratlon and expenses
The trustees did not receive any remuneration. Reimbursed expenses during the year £13112023: £0).
The chzrity considers its key management personnel comprise the Board of Trustee5 and Its CEO.
The total amount of employee benefits including employerfs pension contributions re￿iVed by key
management personnel were £24.786 (2023: £24.851).
15

RACE ON THE AGENDA FINANCIAL sfATEMENTS AND TRu￿EES, REPORT FOR THE YEAR ENDED
31 MARCH 2024
2024
2023
io.
Staff costs and employee benefits
Staff costs were as follows:
Gr055 salaries
Employerfs national insurance
Pension costs
99.483
5,486
3,916
129.401
7,290
6A18
£108.885
£143.109
The average number of full-time equivalent employees during the year wa5 2.4 (2023: 3.51
No employee received emoluments of more than £60,000 pa {2023: Nonel
11 Pension cort5
The company operates a defined contribution pension stheme in respect of its employees and make
contribution into private pension plans of employees who have not joined the company's scheme. The
scheme and tts assets are held by independent managers. The pension scheme charge represents
contributions due from the company and amounted to £3.91612023: £6.418).
12 Tangible fixed assets
Fixtures Fittin
andE
ment
Com
ui
uter
Total
Costs
At l April 2023
Additions
4512
30.407
34.919
At 31 March 2024
£4.512
£30.407
£34,919
Depreciation
At l April 2023
Charge for the Year
4.512
29,548
503
34,060
503
At 31 March 2024
£4.512
£30.051
£34.563
Net book value
At 31 March 2024
356
356
At 31 Morch 2023
£0
£859
£859
16

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRU￿EE5. REPORT FOR THE YEAR ENDED
31 MARCH 2024
13
Debtors
2024
2023
Rent debtors
Other debtors
Prepayments
Accrued income
757
757
751
102
£10.163
£1,548
£11,022
Creditors: amounts falllng due to within one year
2024
2023
Other creditors
Accruals
Social security taxes & per)sions
Deferred income
1,426
6.849
1.380
2.626
£9.115
£4,006
15
Analysis of net assets between fvnds
General funds
nated funds
Re5trtcted fund5
Total funds
Tangible fixed
assets
Net Current
assets
356
356
55,030
65.0(K)
151.261
271.292
Net assets at 31
March 2024
£55.386
£65,IM)O
£151,261
£271,648
The trustees have designated £65,0(K) for the winding down of the charity in an orderly manner. should
it become necessary.
17

RACE ON THE AGENDA FINANCIAL STATEMEKfs AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
16 Movements In funds
Incomin
Resources
Out
oin
Resources
Atl
2023
Transfers
At31 Mar
2024
RestTiCted Funds:
City Bridge Foundation- Core I
City Bridge Foundation- Core 2
City Bridge Foundation- Propel
Paul Hamlyn Foundation
15,737
30.OLXI
162,0(M)
,000
15,737
21,759
8.241
143,020
10.000
Total Restricted Funds
£217,737
£66,475
£151,261
Unrestrirted Funds
Fixed asset Fund
Designated Funds
General Funds
859
65,OlX)
87.638
503
356
65.(*JO
55,030
51,456
T¢)tsl Unrestrlrted Funds
£153.498
£51.456
£84.567
£120.387
Totsl Funds
53.498
£269.193
£151,043
£271,648
17 Movements In Funds (contlnued)
Purposes of restricted funds:
City Bridge Foundation - Core I: has provided funding as contribution towards the core c05t5 of the
organisation
City Bridge Foundation - Core 2-. this fund is contributing tolwrdrds salary costs of the CEO.
City Bridge Foundation - Propel: ha5 provided £500.0(X) over three years (£162,000; E167.000.,
£171,000). This funding wtll enable ROTA to expand Its delivery of collaborative peer-led research.
developing long-term community policy solutions to combat structural racism in London. It will also
improve our capacity to train and upskill members of Black and Global Majority-led groups across
London, siipporting their combined strength, Vol￿ and impact.
Paul Hamlyn Foundation: provided funding toward5 the recruitment of ￿0 to deliver our strategy as a
racial equity infrastrutture organization and to advocate for our communities.
The fixed assets fund represents the reducing net b(x)k value of fixed a55ets purchased from restricted
funds.
In the opinion of the Trustees there are sufficient resources held to enable each fund to be applied in
accordance with the restrictions imposed by the donor.
18
Related party dlsclosures
There are no related party transactions for theyearended 31 March 2024 (2023: £nil).
18

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT FOR THE YEAR ENDED
31 MARCH 2024
19 Legal status of the charlty
The charity is a company limited by guarantee and has no share ￿pItal. In the event of the charity being
wound Upi the liability in respect of the guarantee is limited to £1 per member of the charity-
20 Corporation Taxation
The chartty is exempt from tax on income and gains falling within section 505 of the Taxes Att 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its
charitable activities.
19

RACE ON THE AGENDA FINANCIAL STATEMENTS AND TRUSTEES. REPORT
FOR THE YEAR ENOED 31 MARCH 2024
rotcx
Resource for London
356 Holloway Road
London N7 6PA
Tel- 020 7697 4093
Website.. vJww.rota.org.uk
Email: rota@rota.org.uk
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Twitter.. twitter.corn/raceontheagenda