Reglstered number 04550864 Preston & Western Lancashire Racial Equality and Diversity Council Unaudited Financial Statements for the year ended 31 March 2024 Registered Charity number: 1095261
Preston & Western Lanca6hlr8 Raclal Equallty and Dlverslty Councll Réport and aGcounl8 Content8 Page Legal Information Trustees Report Independent ex8mln6rs report stalement of Flnandal Actlvlle8 Bala8 sheet 24 Note8 to the accounts 8-14
Preston & Western Lancashlro Raclal Equallty and Dlver81ty Councll Legal Infomiatlon Con6titutlon Preston & Western L£nca8hlre Raclal EquaNty and Diverslly Councll Is a company Ilmlted by guarantee and a regIstered charity governed by Its memorandum and artlcles of associatlon. Dlrectors and tru8te88 Thè dlrectors of the charlt8b16 company are its trustses for the purpose of charily law and Ihroughout this report are colleGtively referred to as trustees. Presldent The Right Worshipful the Mayor of Preston Counclllor. Neil Darby Chalmian Mrs. Veronlca M. Afrin Vlco-chalr Mr8 Kallash Parekh MBE JP Company Secretary Trea$urer Mrs Zulekha Dala MBE Mrs Sophia Iqbal Mr Faruk Desai MBE DL Mr Javed Iqbal (appolnted 12th July 2023) Ms Claudette Jones Mr Rafiqua Omer Mlss Neetal Parekh (appolntsd 12th JUEY 2023) Mr Cllnton Smllh (appolnled 121h July 2023) Mr Peter Taylor (Appolnt8d 12th July 2023) Mr Ahmed Said Patel (rellred 121h July 2023) Mr GuNinder Sahola (retlred 12th July 2023) Councillor Haslna Kh8n Counclllor Nweeda Khan Counclltor Jack L8nox (retlred 12th July 2023) Counclllor Suhlr Abuhajar (appolnied 12th July 2023) Rozila Kan42 - Lanca5hlre Constabulary Rep {appolnted May 2023) Insp. Dav8 Byme - Lancashire Conslabulary Rep (appointed July 2023) Balaji Accountants Certified Public Accountants Assoclalion 431 BlackpocA Road Preston PR2 2DU Manager Board Membor8ifrusleos Co•OPtgd Members Consultant Ob88rv8r Independenl Exarnlner8 Bankers Lloyds TSB Bank plc Preston Distrlct Buslness Centre 94 Flshergate Pieslon PR12JB Reglstored offlco Town Hall Lancaster Road Preston PR12RL Reg18t•r•d Company no. Charlty no. 04550864 1095281 Page I
Pre8ton & W¢stern Lanea8hlro Raclal Equallty and Dlvor81ty Councll Tru•toe8' raport for the year onded 31 March 2024 UCT Gov•rnlng Documont The Piaston and Wesiern Lanca8hire Radal Equallly and L¥ver8ity Councl (PWLREDC) Is con8tlluled as a regl8tered chwity and18 govemed by14lemtsrandum and Artlcles ol A88o¢lallon. PWLREDC18 al80 a company Ilmlted by guarantee and Is reglst8rÈd vAth Companl&s Houso. The oblectlves of th6 charlty 8et out ln Ihe Memorandum and Artlcle8 are; 1. To work toward¥ lh8 elknlnallon ol raclal di$crfm]nalk)n; and 2. To promote equallty of opportunliy and good relatlons been pèople of dlffeient racial group8. Tho achtev6m6nl8 of PWl4iRED¢ In meellng objecllvts are 88t out in Ihe AJ)nual Repo Rocrnltmont and Appolntmant of Tru8t808 All Iru8tee$ aro formally appdnted at the Annual Gèneral Meetlng. The membe18hlp tskes a vote on persons nonknted and they are then sewred in offlc6 al th81tr8t ordlnary meellng followlng the Annu81 Géneral Meetlng. New truslees can be recrulled al other tlmes duilng the y88r, they loh a8 eo-oplees foltowkng nomlnallon by Ihg members. All trustee8 mustllrst become memb8r8 In order to b6 èllgltrAa for nomlnatlon and an appllcallon form helps to a88ess thè potentlal potvollo of mamr$. Inductlon and Tralnlng of TIu81oe8 All Iruslee8 receiv8 fom)al wrflten Inform8llon from threo key sources. Infcth18I1 from Charmles Commi58lon Informatlon from Companles House Polldes and procèdure¥ gulde from PWLREDC New truslee8 are knvlted to an Indudion meellng and would be Invlted lo any In-house tralnlng belng undertaken. Charllablè ObJe¢ts The obJecllv8s of PWLREDC ar8 to éllmlnale dl8eAimlnatton and promote equalily of opportunlty. We a¢hteve th18 by deJlverSng 8erd¢es a¢X0&6 Ihe county In the lollowlng way. -Advlslng organl8alion8 on Equal Opportunlles - Provldlng advl¢e arKI asslstance to p8opl6 who have 6xp8tlanced dtsu1nna1Otsn on the grounds of race. a9e. disablllty, rellgJonlb811af. génder and sexual orl8ntatk)n or hara86mènl. '. Provkllng infrastrudwe 8uppori 8nd developm6nt to the comftwnlty - Provldlng tralning and support kn raise pulthc awareness DuilNJ Ihe year the PWLREDC'S maln obJeIVeS were: - To slren9then communlty Inwjlvement - To pronwte ncePt of 8afer ¢t)mmunltles and communlty ¢ohe8ion - Yo assl6t communlty empowennenl and capaclty bldEng Inttlatlve8 80 Ihal mlnorlty ethnTQ org8ntsallons bulld the ¢apaoty to be¢om& self-rellant - To 81renglhen the foundatlons of the exi8llng c*gan18all¢)n to èffeclivety achlevo thg above goals - Provlde 8UPPOrt and 8881tstance lo vkllms of Hate Crlmè and D18crknlnalion Page 2
Preston & Wè8t8rn Lanca8hlre Raclal Equallty and Dlver81ty Councll Tru8to88' report forlhe year ended 31 March 2024 Organl$atlonal 8tructure The organl8aVon18 managed over011 by a Board made up of truglees and director£ of the Charlly. On a day lo day ba8iS. the organl88llon 18 managed by th6 Manag8rand through hlm. a staff team. All flnanclal decl$lons ara taken by Iha Board. The Staff mana98 the day lo day fund8 through petty ca8h to the value of £300. IEVE DPE CE Rovlaw of actlvltl68 and achlovoment8 Some of the k8y achlevements thls year have been: PWLREOC recelved 133 enqulrles PWLREDC opened 18 client ca888 As8181 and contlnuo the Pre8ton WlndN8h Gen8rallon and Des¢endan18 UK wllh thelr actlvltles 8upport and Show Ra¢l$m Ihe Red Card Project worklng wllh local schoo19 In Preston wHh partner8hlp organlsations A8818t and 8UPPOrt local communlty groups with provldlng th• Unlty Contre for thelr acfville$16e59ion8 Agreement wilh Pre8lon Clty Coundl to provld6 0111¢8 Space Ond support to Pre8ton Volunleern and Comnwnlty CVS at the Unlty Communlty Centre untll 2026 Overvlow Current g8n8ral economlc cllmale and rethcllon In publlc seryice8 cul wa have had a redli0n in finan¢lal 8lVPOrt from 80m8 of our local authoriti&8. Other Local Aulhoillles., We Ikqve not been funded by some local aulh(xilles who In the past supported u8. Wa conllnue lo receivè 8UPPOrt from Proslon Cify Councll and L8ncashlre County co¢11 INANC These Independently thyamlned accA)unls cover Ihe perfod from 1 Aprfl 2023 to 31 March 2024. Appllcatlon of tho Charlty'8 Fund8 Durkng Ihe period covered by thls report, PWLREDC ha8 8OUOht lo ensure that all Income relates to a 8pedfio 8ervlca dellvery W8n, through the development of 8eNTca level agreemen1$ and oulcome monltorlng. Re8èlV08 The trustee$ have a poll¢y whoreby Iho unraslflded fund8 not olheThvi88 comriillled or Invested In langlbIe fixed asse18 held by Ihe charlly Should be sufflclenl to keep It running. 11 Is Intended thal Ihese re8eNes aro reallooalod lo varlous proJe¢t8 In Iln8 wlth Ihe alms and ob]eclives of PWLREDC. Th8 Speciflc d8slgnalM)n for the r88trl¢tsd fund8 held by the Charlty are Set oui In nole 18 to the accoun18. Page 3
Preston & We8torn Lon¢a8hlre Raclal Equallfy and Dlver8lty Councll Tru8tges' report for Ihe yèar 6ndad 34 Mar¢h 2024 Govornhnm. Intornal control and rl8k pollcy The Prhclpal rhk to thè organi8allon Is the cess8llon of 8lgnlllcanl fundlng 81ream8. The 8tst118 of fundlng 8tream8 are reported to the tru8tees on a wgular basI3. A plan for renewlng and malnlainlng lundlng 18 In d8velopmenL The trustees. to contlnuo to keep ihelr 8y8t8m of r18k ntrOl8 der revlew, have adopted lh8 foUowiNJ: - An annual plan arKI budgét - Corporate plaMFng group to revievi p6rfom)ance against btyi - Malnlainlnp Internal flnandal conlrol - Early wamlw system lo enjure Ihat apOprIate acllon can ba taken whero any rlsk to ser¥1( Is Identified ST EN OFTR EES. spo IL The truslees are fesponsbi le for preparlng the f8la1 Slatem6 In accordance appHcablg law and Unlted Klngdom Generally Accepted Ac¢oLmtlng Practice. Company and charfly law requlres the tru8tse8 to propare fmandal statements for each fknandal year which gfve a fr and fair v16w 01 the Stat8 of affalrs of the charlly and of the surplus or deficll of the Charfty for Ihat ped. In preparlng thosé financlal stalements. the Irustee8 are req(Ared to". - 8elect 8uftable acuuntlng pollcle8 and then apply them cOTl$lenIIy. - make ludg8ments and estlmales that we reasonab and prudent. 8tat8 whelher applcabje accounting 8tandgrd8 and 8tatements of recommended PTacllce have been followed subject to any departwes di8clo3ed and explalned In the financlal slatements" and - prepare the financ]al stalements on Ihe going ¢onc8rn bas18 un1688 k 1$ Inappropriate to pre8ume thal the ch*ity wlll ¢onllNe In bu¥lne8& The tw8tees ale re8pSIble for keeplng proper aceounllng record8 Ihal dl$ths8 wlth reaaonablo acyuracy at any tlma the financlal posltlon of Ihe charlty and lo enable Ihem to ensure that tha flnan¢lal StatemerS comply vitlh Ihe Comp¥e8 Ad 2006. They are also respon8lblè for safeguardlng th6 assets of the tharfty and the group and hence tskhg reasonablg Steps for the wevenllon 8nd dateclion of fraud and other Irregularftle8. The trustee$ are re8ponslble for the mBlntenanc8 and Inte9rlly of the corporal6 and fIncIal InfoTmallon induded on the charitable companys webslte. Legislallon In the Unknd Khwom governing the preparatlon and deMat)n of Ilnandal $latem8nt8 may dlfer from18glslatlon In otherjurisdlctlons. Accountants A res01(thn propos1 Ihat Balaji Accounants be reappolnted a8 a(xountants of the chwRy wlll be put to the Annual General Meetlng held on Wednesday 101h July 2024 This rewt VRS approved by th8 trustees on 10th July 2024 arKI sIed on IIB beha¥ by: Mis Veronlca Afrln (Chalr) Mr8 Zulekha Dala MBE (Company 8eorotsry) phla bal (Traa8uT&r) Page 4
Preston & Western Lan¢a8hlro RaGlal Equallty and Dlv8r81ty Councll Independent Examlner's Report to the trustées for the year ènded 31 March 2024 Independent Examlner'8 Report to the tru8t•88 of the Pre8ton and We8tern Lanca8hlrè Raclal Equallty and Dlverslly Councll I teport on Ihe financial slatements of the chatlty for Ihe year ended 31 March 2024, which are set out on pages 6t014. Re6pon81bllltles and bas18 of report As the charity Itustees of the MpanY (and also its directors for the pUOSeS of company law) you responsible for the preparatlon of Ihe accounts Sn aeeordance with the requirements of the Companies Aca 2006 {'the 20( Act,). Havlng satisfied myself that the accounts of the company are not requlred lo be audited under Part 16 of Ihe 2006 Act and are elhJlble for Independent 6xamlnalk)n. I report In respect of my examlnation ol your company's accounts as carrled out under seclion 145 of the Charltles Act 2011 ('the 2011 Aef). In carrying out my examlnatlon I have followed the Dlrecllons gn by Ihe Charlty Commlssion under section 145(5){b) of the 2011 Act. Indepondont examlneV8 Statemant I have CoMpted my examination. I conflrm that no matters have Come to my attentlon In connectlon with the exarninatlon giving me causa to belleve that in any material respect". l.accountlng records vfftre not kept In respect ol the company as rewlred by sectlon 386 of the 20( Act" or Ilhe accounts do not accord wlth those records", OT 3. the a(x{nts do not cornply wlth the acLounllng iequlrements of sectlon 396 of the 20 Act other than any requirement that the account8 glve a 'true and fair vlevl whlch Is not a matter consldered as part of an Independent examinalion; or 4. the accounts have not been prepared in accordance wllh lh8 methods and prlnGiples of the Slatement of Recommended Practice for accounting and reporting by Ghafities [appticable to charities preparlng their accounts In accordance with the FInar181 Reportlng Standard applicable kn the UK and Republic of Irejand (FRS 102)]. I have no concerns and have come across no Qlher matlers In connectlon wlth thé examinatlon lo whlch attentlon should be drawn In fhis report In order to enable a proper understandlng of Ihe accounts to be reached. Accountanis Certif1 Public Accountants As8oclallon 431 Btackpool Road Preston Lan(xshlre PR2 20U DATE 18106r2024 Page 5
Pre8ton & Wostern Lanca8hlre Racial Equallty and Dlvfrrsity Councll Statements of Flnanclal Acllvltl88 Ilncluding Income and Expgndlture Account) for the year ended 31 March 2024 Total 2024 Total 2023 Note8 R68trlcted Unre8trlctod Incomlng Rosourcgs Invastments 3,182 3,162 473 Charllable actlvlties Olher 36,455 36,455 535 Total Incomlng re8ources 39,617 39.647 1.008 ReBource8 Expended Charllable aclmlles 38,430 38,430 36,701 Governance Costs 1,170 1,170 1.158 Total R4sourcB8 Expended 39,600 39,600 37,86 Net Incomingl(Outgoing) Resources before transfers 17 17 (36,861) Transfer between Funds Gross transfers belween funds Nel Movement for year 17 17 <36,8611 Total funds brought foplvard 19 120,127 120.127 120,127 Total fund8 carrlod forward 19 120,144 120,144 83,276 The Statement of Flnancial ACt[lieS Includes all galns and losses recognised In Ihe year. All Incomlng r&sources and resources expended dertv& from ¢onllNing actfvitles. The Statement of Flnanclal A¢tlvitles a180 complle8 wlth Ihè requirements for an Income and expend5tur6 account under the Cornpanies Acl 2006. The notes on pages 8 to 14 form an Integral part of these a¢xount8. Page 6
Preston & Western Lanca6hlre Racjal Equallty and Dlver81ty Counell BalanGe Sheot as at 31 March 2024 NoteB 2024 2023 Flxed a880ts Tanglble assets 132,761 108,454 Current a860ts Debtors Investments Cash at bank and In hand 12 13 2,678 73,279 32.655 108.612 2.959 100,633 26,356 129,948 Crodltor8'. amounts falllng duo wlthln on6 year 14 Net curront as66ts 102,749 127.039 Net a88ets 235,510 235,493 Funds of tho charlty: Unreslrlcted funds Non distrlbulable reseNe General funds Deslgnate(J fwds 16 16 17 115,386 115,543 4,601 235.510 115,366 147.326 27,199 235,493 Re8trlcted fund8 Accumulated funds 18 20 235,510 235,493 Tho directors are 8at18fled thal th8 company is entitl&l to ex8mptbn from the requlrement to obtaln an audlt under sectlon 477 of the Companies Act 2006. The members have nol required the company to obtain an audlt In 8¢cordanGe wlth sectlon 478 of the Act. However, In accordance wllh section 145 of the Charftles Act 2011 and secllon 44 of the Charlles, the accounts have been oxamlned by an Independont examlnÈr who$e report appears on page 5. The dlrectors acknowledge thelr responslbiltlles for comptylng the requirements of th8 Companles Act 2006 wlth respect to accounting records and th& preparatlon ol accounts. The accounts have been prepared In aGGordan¢e wlth the provislons in Part 15 of the Cornpanles Act 2006 appllcabl8 to companies 8ubjecl to the small comp8nie8 reglme, (GhaFr) Mrs Veronlca Afiin Pag8 7
Preston & Wéstern Lanca8hlre Raclal Equallty and Dlverslty CounGII Notss formlng part of the financlal Statements for the yèar ended 31 March 2024 l Accountlng pollcles Ba815 of preparatlon The charlty constltutes a public benefit entity as dellned by FRS 102. The flnancial statements have been prepared in accordan th Accounting and Reporting by Charilies: Statement of Recommended Ptathe appllcable to chariues preparing thelr accounts kn accordance wlth the Financlal Reportlng Standard applicable In Ihe UK and Republlc of Iréland Issued In October 2019, tha Flnancial Reporting Standard applicable in Ihe Unlled Kingdorn and Republic of Ireland {FRS 102), Ihe Charltles Act 2011, the Companies Acl 2006. and UK Generally Accepted Accounling Pracllce. The flnancial statements are prepared on a going concern basls under the hlstOTlcal cost convention, modifted to Indude certaln Items at falr value. The financlal stalements are presented In sterling whlch is the functional currency of the charlty and rounded to the nearest £ofyJ. Company status The charity18 a company Ihal does not have any aulhorised and tssued share capital. The company 18 Ilmlted by guarantee of it8 members and Is a reglBtered charlty. Under thé t8rm8 of tha Memor8ndum and Articles of Association, the Ilablllty of the member is limlted to £10 68ch and the number of members should not be less Ihan Iwo. Fund accountlng Unrestricted funds sre avallable for use at Ihe dlscretion of Ihe Iruslee8 In furtherance of Ihe gener21 oblectlve8 of the charlty and whlch have not been desfvJnated for other purpose8. Designated funds compris8 unreslricted funds Ihat have been Set askle by Iha trustees for parlicular purposes. The alm use of each d88ignated fund Is set out in the noles to the financial statements. Restricted lunds are funds whlch are to be used In wxordance vdith speclflc restrlcllons Imposed by donors or which have been ralsed by the charity for particular purposes. The cost of raislng and adminlstering such funds are charged against the Specif fLrnd. The aim and use of each restricted fund Is set out in the notes to I finandal 8tatemgnls Resources Oxpended All expenditUTe is accAiunted for on an accruals basis and has been classified under headings thal aggregate all costs related lo tho category. Expendlture Is recognlsed where Ihero is a legal or cunstructlve obligallon to make payments to third partles, 11 Is probable that the settlement vlll be required and Ihe amount of th8 obllgatlon can be measured reliably. Revaluatlon The surpluses arlslng on the revalu81ion of fixed a8sets are credaed to Ihe Statement of Finandal Actlvitles and taken to the Non dlstrlbutable reserve. Pon8lon Costs The CharSty operates a Government penslon scheme under Autonrolmenl 88 Tequired by UK L8w In vA)Ich member8 may opt out, The Gosts ol the conltlbulions are wrllten off againsl profit8 In the year that they are payable. Page 8
Tanglbl& flxed a889ts Tanglble fixed assets are 8tated at cost (or deemed co81) or valuatlon less accumulated depreciatlon and accumulaled lmpalrnnl Ioss6s. Cost Includes costs dlrectty 8llilbulable lo maklng the asset capable of operatlng a8 Intended. Depreciatlon Is provided on all tanglble fixed assets, at rates ¢alculatsd to wrtta off the cost, less esllmated resklual value, of each asset on a syslematlc ba818 over Its expected useful Ilfe as follows.. Freehold land - No depredatlon Freehold bulldlngs - Depreciatlon over Ils useful Ilfe of 50 years Flxtures and fitting8 - 15% reduclng balance Land and bulldlngs were valued by the Manager, Faruk Desal D•btor8 and credltors rocelvablo I payable wlthln one yoar Debtor8 and credltors wlth no std interest rate and recelvable or payabje wlthin oné year are recorded at transactlon prlce. Any losses arlslng from Impairment are reeognlsed In the profit and k)ss account In other admlnlstrative expenses. Government grants The Company recelves governmeni orants. These grants are rewnlsed at Ihe fair value of the assel received or recelvable when Ihere Is reasonabJ& a8surance that the company will cornpty wlth condltions attachlng to them and the grants wlll bo recalved uslng the perfOnrjce1a¢CrUaI model. Inoome Recognltlon All incomlng resowces are inc1led In the Statement of Financlal Actfvities (SOFA) when the chaTIty Is legally entttled to the income after any performan cotbjitsons have en me( the amount can be measured rellably and It is probable Ihat the Incom6 11 be re¢eSved. For donatlons to be recognised th• charfty WMI have been nollfled of the amounts and the settlement date In wrlung. If there are condlllons attached to the Ik)nation arKI Ihls requlres a level of rfOrMance before entitlement can be obtalned then income 18 deferred unil those conditions are fully met or the fulfilment of Ihose condllions Is wlthln the control of Ihe charlty and It ts probable that they wlll be fullllled. Golng Concern Th6 financlal stalemenis havè been wepared on a golng concrn basls. However Ihere are concerns as to the long term golng cown of Ihe charity. Total resources exnded currently 0gh incoming resources and the charity is belng funded through Its avaSlable cash reserves Page 9
Préston & Western Lancashlre Raclal Equallty and Dlv6r81ty Coun¢ll Note8 formlng part of thè flnanclal statém6nt8 for the year ended 31 March 2024 Re8trlcted Funds STAR Unrestrlcted lund8 Unlty Total Total 2024 Total 2023 Total REDC 2 Inveslment8 Interest received 3.182 3,162 3.162 473 473 3 Grants Lancashlre County Councll 4 Other Income PCC - Unlty Refurb fundlng Subscriptions Use of facllltles HMRC JRS Grant 35,850 35,850 45 560 35,850 45 560 46 105 430 535 Total In¢omlng resource8 3207 36 10 39 617 S Transfer General Provl8lon Page 10
Preston & Western Lancashlre Raclal Equall(y and Dlver8lty Councll Notes fornilng part of the flnanclal statsmenls for the year ended 31 March 2024 Restrlclod fund6 STAR Total Unre8trlctod funds REDC Unlty Total 2024 Total 2023 Total 6 Chartlable aGtlv1168 Dlre Adverlising and promotion Bank charg99 Bad Debts. DepT8clatlon Insurance Penslons Project Expen8e8 Subscriptlons Wages and salarles 542 3,170 2,049 171 1,500 333 22,611 3,170 2,049 171 1,51JO 333 22,611 3.170 2,049 171 1.600 333 22,811 2,659 1,948 140 319 21,557 30,398 30.398 Su Alami malnlenance Calering Cl8aning and fefuse Repalr8 and Maintanance Heatlng and lighting Postag& Rale8 Software stalk>nery and prinling Sundry expenses Telephone and internet Water rat6s and charges 577 577 294 677 294 518 452 500 262 1,914 762 1,914 762 1,914 2,411 1,590 58 180 939 160 117 758 183 31 2,652 654 1,640 995 674 2,635 674 2,635 674 3,422 38.430 38,430 7 Govornanco 008t8 Accountancy fee6 1,170 1,170 1,170 1,168 1.170 Total Re8ource6 Expended 39,600 37,869 Page 11
Préston & W68tern Lancashlre Raclal Equallty and Dlvarsity Councll Note8 formlng part of the flnancial statements lor the year ended 31 March 2024 8 Staff Costs Wages and salaries Pension costs 2024 22,611 171 22.782 2023 21.557 140 The average number of employees , calcujaled on a part tlm6 equiva18nt basls, was: 2024 Number 2023 Numb8r 9 Pon8lon cost8 The Charty operates a gov&mment pensk)n scheme, underAutoEnrolmenl requlred ty UK law in which members may opt out. The charge for the year was £171 (140:£140) 10 Taxallon The company Is exempt from CorpoTath)n Tax on Its ¢haritable actlvitles. l Tanglblo flxed assets Flxtur¢8 and IT equlpmont equlpment Land and bulldlng6 Total Cost At 1 April 2023 Addltlons In Year Surplus on revalu8tEon At 31 March 2024 150.000 28,105 30.996 209.101 27,477 177,477 27,477 236,578 28.105 30.996 Dèpr6clatlon At 1 April 2023 Charge for the year At 31 March 2024 43,014 2,950 45. 26,637 220 26,857 30,996 11)0,647 3.170 103.817 30,996 Net book valu¢ At 31 March 2024 Al 31 March 2023 131,513 106,988 1,248 1,468 132,761 108,454 12 Debtor8 2024 2023 Debtor8 Preston CC Reknbursment account Prepayments and accrued Sncome 179 2,502 2,881 2.959 2.959 Page 12
Preston & Western Lancashlye Raclal Equallty and Divershy Councll Notss fom)In9 part ofthe financlal Btatsments for the year ended 31 March 2024 13 Inve8lments held a8 current a88et8 2024 2023 Yorkshlr8 Bank 2 Vlrgln Money 229 229 100.402 100,631 73.279 14 Credltor8: amounts falling due wlthln one year 2024 2023 Sundry creditors and accrua16 5,863 2,911 Al l Aprll 2023 Incomlng r68ourc88 Outgolng rasourGe8 Tr&n8fev8 At 31 March 2024 15 Non Rovaluatlon Ré8ervg' 115,366 116,366 16 Gen•ral fund8 REDC General aecount 147,326 3,207 34,990 115,543 17 Doslgnated lund8 ene l T reserve General provlskin account DeprlatIOn Employers, Ilabllitle8 + Unlty Communlty Centre (27,199) 36,410 4,610 4,601 Total deslgnated funds (27.199) 36,410 4,810 4,601 Total unrèstrlctad fund8 235,493 39,617 39,800 236,510 18 R08trled funds At 1 Aprll 2023 Incomlng r•source8 Outgolng resourc98 Tran8fer8 At 31 March 2024 Total re8trlct8d fund$ Acoumulated fund8 235,493 39,617 235,540 The balance on restrlcted lund8 repr88ents the amount of funds avallable for speclfic projects or actfvwes whlch were not flnlshed at the year end. The86 lund8 we therefor8 n8cessary to mplete the projecl or aciivity and are not a surplus avallable to the charlty for other purposes. Page 13
Préston & Western Lancashlre Racfal Equallty and Dlver81ty Council Notes fomilng part of the flnancial statements for the year ended 31 March 2024 19 Statement of fund8 At 1 Aprfl 2023 Unrestrlcted fund8 Incomlng rosourcas Outgolng resour¢66 Tran8foYs At 31 March 2024 REDC general account Unity Community Centre 147,326 (27.199) 3,207 36,410 34,990 4,810 116,543 4,601 120,127 39,647 39,6QO 120,144 Restrletèd funds Sfandlng Togethei Agalnst Racism Total 120,127 9,617 39,600 120,144 20 Analy816 of net a88è18 bbtwean fund8 Restrlcted Unrestrlctad funds flind8 Total Fund balan¢e8 at 31 March are repre8ented by: Flxed assets Current asset Investments Other assets Current Ilablllties 132,761 73,279 35,333 (5,863) 132.761 73.279 35.333 (5,863) 236 510 onD Strlbulable Res rva The property 5.6 Shephord Stre.et, Preston was valued at £180.000 by thg Manager , Mr Faruk D8S8i MBE , on 3110312024 P898 14