Chartty Reglstratlon No. 1097768 Company ReglstrntSon No. 04527878 {England and W•le¥) ENFIELD RACIAL EQUALITY COUNCIL (A COMPANY UMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ENFIELD RACIAL EQUALITY COUNCIL LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024 Trustees B B Bettcfj Ichair) V Dungate (Vice-Chair} R F Garfand (Treasurer) B A De ScNJza S Khale R Sadegh-zadeh B Yusuf H Wallace Secretary C Bhatia Ichiel Executive) Charlty nurnber 1097768 Company number 04527878 Reg18tered offl C¢)mmunty House 311 Fore Sireet Edmonlon Lcndon N9 OPZ Independent examlner Flazzakul Haer Khan. MS¢. FCCA Chartered Certrfied Accountant Brit Tax Accounlanls 132 Hoh Street EnIld EN3 4ET
ENFIELD RACIAL EQUALITY COUNCIL CONTENTS YEAR ENDED 31 MARCH 2024 Page Truslees. reF*yI Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 9-13
ENFIELD RACIAL EQUALITY COUNCIL TRUSTEES, REPORT YEAR ENDED 31 MARCH 2024 The Iruslees present Iheir report and financial slalements for the year ended 31st March 2024. The accounts have been prepared in accordan¢e with the accounting policies sel oul in note 1 to the accounts and comply with the chantys Mernorandum and Artides ol Association, the Companies Acl 2006 and "Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with the Fina1 Rewling Standard IFRS 1021. HOW OUR ACTIVITIES DELIVER PUBUC BENEFIT Our main aclivrties and who we try to help are described below and within the chantable objects. All our charitable activities locus on eliminaling racral discrimination to promote racial equalty within the London Borough ol EnIld ILBEI lo further our charrtabk wrposes lor the publ benelrt. OBJECTIVES AND ACTIVITIES The principal object ol the charity is lo eliminate racial discriminati1 and to promote racial equality wrthin the London Borough ol Enlield ILBE}. lo picmnole equaif(y of opportunty, and to en¢ourage co-operation among all people in the Borough without regard lo race, colour, ethn ongin or sex in a muAi-rae¢al society. The activities Lsndertaken lo achieve these are through delivering policy development. community SUPkM)rt, assistance to individuals. Dublic education and work prTr]rammes. The Iruslees have also paid due regard to guidance issued by the Charity C¢MiSsion in deciding what activities the charity should undertake. ACHIEVEMENTS AND PERFORMANCE The charity has made goc#J prcgress desprte extremely limiled human and finan¢ial resources. We engaged wrth key stakeholders at strategic lora lo ensure Ihal needs and ¢M¢ems of 8AME communities were included in their policies and services. We kept our members and networks Informed ol our work and also conveyed key messages Ircm statutory and voluntary bodies their services and pOIleS. We have successfully ¢ompleled projects communrty cohesion. taken part in mSuRall0nS and arranged Ic¢us groups. Some ol our work Is hhJhlighled below. London Borough ot Errfleld (LBE) Contract EREC'S contract with Enfield Council has now been extended up lo March 2025 wrth a view lo extending lo 2026. The project provides equalrtEs suppryt mattets ol race and ethnicity to ensure that Enlield resKienls can access universally available advKe and guidan as summarised lOw. Knowledgeable support lo the Council and ts partners on a we range of policy issues that are impacted by race equalrty InclLKling heanh, ¢crfnmunty safety and employment: Advice and support lo Ic¢al resentS and ccrfnmunty groups cffi issues reling lo race equalities; Support and signposting to vulneratAe members of the c(wnmunrty who may be affected by issues arising from race inequality, Opportunities to engage in pxrtive 8ctMt that promote race equality as a key issue in the borough.. Support into volunteering aclNrties in Ihe b(wough'. Inforned input into strategic forums thal deliver services to our IdentS. Pollcy A major part of EREC'S role is lo provide advice, support and guKlance to policymakers and service providers on equalities issues as a crrtical Iriend. We are represented on stralegic lora. in¢luding LBE Voluntary and Communty Seclof Strategy Steering Group. The North Central London ICP Group's Voluntary Stakeholder Reference Group. Enlield Hale Crime Fn.
ENFIELD RACIAL EQUALITY COUNCIL TRUSTEES, REPORT (Conllnued) YEAR ENDED 31 MARCH 2024 NCL Integraled Care Partnership Board. Local Motion CORE group and Inequaltties subgroup. LBE Equalities Board. The Cost of Living Crisis Network. Farth Forum. Our Prolecl Worf( Strateglc Race And Equalltle8 Forum (SREF) Our SREF was inrtially funded lor devebpmenl work by Ihe Greater London ALrthorty {GLAI. The initiative received tremendous support and a demand for serious discussions and collaixirative work lo move race and equalities issues lorward. We receNe(I further funding lor four meetings from LiThlMolion. Topical issues including Enlield's Joint Lccal Heahh and Well1ng Siralegy 2024-2030 was discussed wrth the Director ol Public Heatth and communty views were passed lor inclusion in the plan. Fruslralions were voiced by community members regarding prevU$ perceived inaclH)n, allhough important issues, such as taking action lo reduce the number ol junk ICKMJ oullels had not been camed oul and the communities were still lacing InequalitS, particulaAy in Edmonlon, as revealed by the pandemic. Other issues such as housing, education, poverty and unempwnenl were highlighted in the subsequent forums. Although EREC has not been able to receive any further funding from Lalmotion or other sources currently. many ol the issues highlighted have been taken up within Lo¢alMolion hubs. UnemployThenl inequalities were discussed lurthei al the Edmont( hub where the Chief Exe¢ulive look part in breakout sessions. The Chair was part ol the panel discussing race and inequalit5 in employrnenl and the work Caryd oul by EREC in the past and still needed to pursue lurther wilh policy makers and seNice providers. Housing issues are being followed up through dedicated forums and action plans being developed by LrKalMotiM. Nevertheless, there needs lo be fdlow up and aclion plans developed lo monrtof prry3ress. spe¢rti¢ally wrth regard lo race tssues. EREC will continue lo engage with poli¢y makers and service providers through regulaf participation in forums such as the LBE EqaIrt5 Board. Integrated Care Partnership Board and ils subgroups. We will attempt lo secure lunding so that this can be done nSiStentIY and on an ongoing basis. 'Story of our Hefitsg•' We built upon our inrtial work in this area by compiling a small exhibiti( on the stories and witributions ol our founder members and pioneers to race and equalities work and the creation ol EREC. We hekj a comrnunty event al whi¢h we displayed the eXhibrt and awarded those who had shared their memories and experiences lo Ihe proie¢t. We were particularly hcw)oured lo wekome fwnder member and ¢urrenl Presidenl, LeslE Dubow. He shared his MeMleS with the allence. some ol whom remembered receiving assisian¢e and support from him in Ihe early days, including one indivi(Jual who recollected how Leslie 'helped lum his life around, through the support and guidance he received as a young man We aim lo further expand this project by devekfyping and presemng our archives in a form a(SSIble lo the wider ccffimunity and younger generations to a¢knowW, aEpreciale. be inspired by and learn from for years to come as well as lo leave a lasling legacy about our Organisati and ol the struggles laced by BAME ccmmunities lo achieve racial equalty. Cllmate Change We Continue lo lake an active part in the Enlield Climate Action Forum {EnCAF} as well as the ¢ollaborative forum which brings together represenlalives from a we variety of organisalions Ihal work together to lake forward the recommendations of the re[ frLMn the joint project by EREC and EnCAF, funded by the North Middlesex University Hospital.
ENFIELD RACIAL EQUALITY COUNCIL TRUSTEES, REPORT {Contlnued) YEAR ENDED 31 MARCH 2024 Awareness Aal81ryl Communlty Cohèslon EREC raised awareness on race and equalities Issues through participating in consurtalions on policies and seNices of strategic bc4Jies. FleguLqr e-bullelins conveyed lopieal inlonnalion and our work was publicised al events as well as al those held by the CEO, Chair and trustees. Advlce and Inf0MtIon We are continuing lo provide assistan lo Indivua1S and organisalions regarding race specific issues and will be extending this work through drop.ins in the coming year. StnKture. Governance and Management The organisalion is a charitable company limited by guarantee, incorporated on 5 September 2CQ2. The cc¥npany was established under a Memorandum of Assrxiation whth established the objects and powers of the chaittable company and is govemed under tts ArtKles ol AssrxialK)n. The Irustees, who are also the directors for the purpose ol CCpanY law, and who served during the year and up lo the dale of Signatu of the financial statements were: B B Bett (Chairl V Dungale (Vice-Chair} R F Garland ITreasurerl B A De Souza S Khale R Sadegh-zadeh B Yusul H Wallace Membership of EREC Membership is free and open lo individuals who live or wk in Enlield and lo organisalKffls operating in Enfield. who are committed in furthering Ihe work of Ihe REC. Trustees are recruited from the EREC membership by electM)n al the Annual General Meeting. Any vacancies which remain are filled through co- option by the Board. The Board c(sIStS of not me than 18 members: 4 h(orary offters: 10 trustees., 2 local aulhorrty represenlalives- 2 co-opted members. ElectIcS for Iruslee vacancies take place annually al the Annual General Meeting by thirds and elecled Iruslees each serve for a Ihree-year period. Honorary off icers are also elected al each AGM by means ol a ballot and hold office for a term ol one year. All elected members should serrfe lor their specrfied lenn, subject to their annual renewal of manbership. Ai the conclusion ol their tem ol off ice. they are requested lo resign and are eligible to be nThninaled lor re- election to the Board ol Tfttslees. Ellglblllty All voting members of EREC are eligible lo sland for electi lo the Board of Trustees. lo nominate and to vole, provided that.. they are individual members: they will have been in membership ccffitinuously for a period of six rnonths prior to the AGM. They are nominees of aff ilialed organisations: they have been a nrnee lor a period of six months of the organisation which has also been affiliated fof a period ol six months lInVOS1Y prior to the AGM.
ENFIELD RACIAL EQUALITY COUNCIL TRUSTEES. REPORT (Conllnued) YEAR ENDED 31 MARCH 2024 Inducllon and Tralnlng ol Trutee8 All individuals accepting ninationS for election are asked lo sign a Declaration ol Acceptance which spells out the duties ol Iruslees. Upon their apwintmenl, Iruslees are given an Induction Pack providing information about Enfield Racial Equality Couneil. its policies and prwedures. New Iruslees also receive training. along wrth their colleagues and take part in strategic rewews and planning days. They are also inviled to events held by EREC. some ol which provide inlonnalion and raise awareness on lalesl issues conceming race and equalities. 0pp0rtunrtS lo attend courses, suth as Ihose provided by Enlield Volunlary Acli¢)n are offered throughoul the year. The t0pS include Governare and other issues conceming volunlary sector management, leadership, influencing policy makers, elc. Plon8 for the future EREC will continue lo seek funding fr(Th surtable sources lo meet ils aims and o"ectives and develop projecls which meet communrty needs, eithw individually or in partnership. Govemance and Internal Contfol The trustees have conducted a review of the major risks lo which the charity is exposed and systems have been established lo mitigate those risks. The Irusiees regularty reVW their inlemal control systems to ensure that all intemal risks are minlmised and ensure Ihe Consistent qualty of delivery of all operational aspects of the chafrtabbe company. Reserves Poll¢y The Iruslees of the ¢harrty have established a wlicy whereby the unrestricted funds hekl by the charity should be beeen 3 and 6 months ol the cost ol charItab a¢tivities. Al this level, the Iruslees feel that they would be able lo continue the current actNities (rf Ihe charrty in the event ol a signilicanl drop in funding. Flnanclal Revlew During the year under review, the Charity generated lolal revenues of £33,550 12023.. £43,253). The accounts show a net defi¢it for the year ot £18.056 {2023.' £7,111 delicill and closing reserves of £27,351 12023.. £45.407). Statement ol Trustws, RowK)nslbllltl¢8 The trustees, who are also the direclors ol En11 Racial Equalrty Council for the purpose ol ccffipany law, are responsib lor preparing the Trustees, Rep(rt and the financial statements in accordance with applicable law and Unrted KIngdn A¢in11ng Standards {Unrted Kingdom Generally Accepted Accounting PraCte). Company Law requires the Iruslees lo prepare financ ststemenls lor each financial year which give a true and lair view ol the slate of affairs ol the charity and of the incoming resources and application of resources, including the income and expenditure. of the eharitable company for Ihal year. In preparing these financial slatemenls, the trustees are required lo: select suitable accounting pICieS and then apply them cons¢slenlty: observe the melhcrtjs and principles in the Charrties SORP.. make judgements and eslimales that are reasonabk and prudent: and prepare the financial statements on the gjing concern basis unless it is inapproprkile to presume that the charity will continue in operation.
ENFIELD RACIAL EQUALITY COUNCIL TRUSTEES, REPORT (Contlnued) YEAR ENDED 31 MARCH 2024 The Irvslees are responsible for keeping adequate accounting recc*ts that disclose with reasonable accuracy al any lime the Iinan¢o1 posrtion of the eharty and enable them lo ensure that the financial statements cPIY with the compan Acl 2W6. They are also respsIb Iof safeguarding the assets of the charrty and hence for laking reasonable 51eps IOT the prevention and detection ol fraud and other irregularities. Lvi Vicky S IVu-Chair} Dated: 1810712024
ENFIELD RACIAL EQUALITY COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2024 Indop•nd•nt Examin•r'$ Report to th• Tntee5 of Enflekl Raclal Equallty Councll I report on the accounts of Enfiekl Racial Equalty Council (Charity number 1097768. Company number 04527878} the year ended 31° Marth 2024. whth are set OLrt on page$ 7 10 13. Aespoctlve Rupon8lbllltle8 of Tnte¢S arKI Examlner The Iruslees (who are also the direclors of the company lor the purposes ol c(mpany lawl are reSplSible for the preparation of the accounts. The chanty's trustees cOnSeT that an audit is not required tor this year under section 144 01 the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. l am qualified lo undertake the examination by being a qualrfied member ol the Assctialion of Chartered Certified Accountants. It is my responsibility lo= examine the accounts under seCtiC 145 01 the Chtties Act, follow the prccedures laid down in the general Directions given by the Charty Commission (under section 14515llb} ol the Charities Act, and stale whether particuLaf Matte have come lo my attention. 8a818 of Independent Examlner'8 Statement My examination was carried out in accordance with general Directions given by the Chanty Commission. An examinalKJn includes a review of the aeeounting records kept by the ehanty and a eomparison of the ae¢ounls presented with those records. 11 also includes consideration ol any unusual rtems or disclosures in the accounts and seeking explanaticS Ircwn the Injslees conceming any such matters. The procedures undertaken do not provide all the evidence that woukl be required in an audrt, and consequently. no opinion is given as lo whelhef the accounts Present a 'true and fair, view and the report is limited to those matters sel out in the slalemenl below. Independent Examlnee8 Statement In connection with my examination. no matter has L7Mme to my attention to indicate Ihal.. a¢¢ounting records have not been kept in ac£or(lanr wilh section 386 of Ihe CoMpanS Act 2006; the accounts do nol aCCd wrth such recorts.. where a)urIt$ are prepared on an accruals basis. whether they fail lo comply with relevant a¢eounting requirements under Sect 396 01 the COmpanS Act 26, or are nol consistent wilh the Charities SORP IFRS102} any matter which the examiner beIVeS shoukl be drawn to the attention of the reader lo gain a proper understanding of the accounts. Razzakul Haider Khan, MSC, FCCA Chartered Certified Accountant Bril Tax Accountsnls 132 High Sireel, Enfield, EN3 4 Date.. 18 July 2024
ENFIELD RACIAL EQUALITY COUNCIL STATEMENT OF FINANCIAL ACTIVITIES {INCOME AND EXPENDITURE AccouKr) YEAR ENDED 31 MARCH 2024 Unre8trlcted Re¥trlcted tund8 lund8 2024 21r24 Total funds 2024 Total fund8 2023 Nole8 Incomlng Re80urce• Charitable activities Other income 25,(M)O 8.050 25,500 8.050 39,2 4,053 Total Incomlng Re80urce8 33.050 33,550 43.253 Outgolng Resourc Charitable aclivilies 48.020 51,606 50,364 Net Incomlngl{Outgolng8) and Net Movement In Fund8 for tho Year 114,970) (3.0861 118.056) 7,1111 Total Funds Brought Forward 42,321 3.086 45.407 52,518 Total Fund8 at 31 March 2024 27.351 27,351 45.407 The statement ol linancial aclrvrt*s includes all gains and losses in the year. All incoming resources and fesources expended derive frcffj conlinuing activrties. The statement ol financial activities also complies with the requirements for an income and expenditure account under the CoMpanS Act 26.
ENFIELD RACIAL EQUALITY COUNCIL 8ALANCE SHEET AS AT 31 MARCH 2024 2(r24 2023 Note8 Flxed A88et8 Tangible assets 1.345 Cash al bank and in hand 28,151 45,559 28.1 $1 45,559 Curront Llabllltks Creditors.. amounts lalling due wilhin one year Other ¢ieditors 10 1,809 1.497 1.809 1.497 Net Current Aet# 26,342 44.062 Total Net A88•ts 27,351 45.407 Funds Fleslricied Funds Unrestricied Fund 27.351 42,321 Total Fund$ 27.351 45.407 The company 1$ entitled lo the exernpt frcrfn the aLhJrt requirement contained in section 477 of the CpanIeS Act 2Crf)6, lor the year ended 31 March 2024. The Iruslees acknowledge their responsibilit$ for ensuring that the charity keeps accounting records which comply with section 386 of the Act and lor preparing financial statements whh give a true and lair view of the slate ol affairs of the company as al the end ol the financial year and of rts incoming resources and application ol resources, including its income and expenditure, tor the financial year in acdance wrth the requirements of sections 394 and 395 and which othetwise comply with the requirements ol the Companies Act 2006 relating to financial stalemenls. so lar as applicable lo the c(Mnpany. These financial slalements have been prepared in a¢cordanr* wrth Ihe proVisKS applicable lo companies subject lo the small companE5' regime. The a¢¢ounls were approved by the Tfustees on 18 July 2024. vkY gale VlcfrChalrtrru8tee
ENFIELD RACIAL EQUALITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Accountlng pollcles Company Infornwtlon EnIld Racial Equalty Council is a prtvate company limrted by guaranlee incorporated in England and Wales. The registered off ice ts CmunitY House. 311 Fore Sireel, Edm1(, London, N9 OPZ. 1.1 Accountlng conventlon The financial statements have l)een prepared in a¢¢ordance with the chartys Igoveming documenll, the cPanieS Acl 2006 and Accounting and Reporting by Charities: Statement ol Recommended Practice applicable lo charilw preparing Iheir accounts in aecordanee with the Financial Reporting Standard applicable in the UK IFRS 1021. The charty is a Publie Benefit Entity as defined by FRS 102. The charity has laken advantage of the proVisiS in the SORP lor Charit$ applwng FRS 102 Update Bulletin I not Io DreDare a Sialernenl ol Cash FW$. The financial slalemenls are pfepared in slerfing. which is Ihe funclM)nal ¢urren¢y ol the ¢hanty. Monetary amounts in these financial slalemenls are rounde(I lo the nearest £. The aCnIS have been prepared on the hi81orical cost conventi. 1.2 Golng concern At the lime ol approwng the linanciai statements, the truslees have a reasonable expe¢lation thal the charity has adequate resources lo continue in operational existence lor the next 12 months. Thus the Iruslees continue lo adopt the going concem bas ol accounting in preparing the financ1 stslemenls. 1.3 Charltsble fund8 Unrestricted funds are available for use al the discret ol the trlee$ in furtherance of their charitable Restricted funds are suty"e¢t lo spe¢ifi¢ ccrtrtws by donors as lo how they may be used. The purtM)ses and uses of the reslricled funds are sel out in the notes lo the aCUnIs. 1.4 Incomlng re8ource8 All incoming resources are included In the Slalemenl of Finan¢ial Activrties ISOFAI when the charity is legally enlilled lo the income after any performance eondttions have been mel, the amount can be measured reliably and rt is probable that the in¢tyne will be recewed. All grants receNable are ¢d(ted to the in¢(xne and expendf(ure acuunl lo which they relate prOVe receipt is ¢ertain. measurable & the charty has entrtlement. Donations are credrted lo the income and expenditu acc4yJnt in the year of receipt ol the dsatiOn.. 1.5 Re8ource8 expended Expendrture is re¢ognised on an accruals basis as a IAbilrty is incurred. Expenditure includes VAT as the Charity is exempl IrLJn registration for VAT and therefore is re[ed as part ol the expendilure lo whi¢h il relates. Govemance costs include those costs asscoaled with meeting the conslilutional and slalulory requirements ol the charity and include accountancy fees and ¢osts linked lo the strategic management ol the charity.
ENFIELD RACIAL EQUALITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 1.6 Tanglble tlxed a88els and Depreclatlon Tangible fixed assets are inrtially measured al cost. Depreciatiffi is rece•wtsed so as lo wrrte off the cost of assets sS their re$Ual values over their uselul lives on the following bases= Fixtures. fittings & equipmenl: 25% per annum cffl a reducing balanee basis. 1.7 Employee benellts The cost of any unused holiday entr"tlernent is recognised in the period in which the employee's services are re¢eived. 1.8 Retlremont benellts Pawnenls to defined ccmtribution reliremenl benefrt schemes are charged as an expense as Ihey fall due. Charltsble actlvltle8 Unrestrlcted Rmtrlct Fundg Funds 2024 2024 Total Funds 2024 Tolal Funds 2023 L0ndC Borough 01 Entiekl Heritage Fund HMRC JRS Grant Enfield Climate Action FlM (Encaf) Greater London Aulhority LBE BHM Giant 25.CA)O 25,000 25.ofyj 4.700 4,500 5CKI 25.CM)O 25.5C 39,2(K) Other Income Unre81rlcted Restrlcted Funds Fund8 224 2024 Total Funds 21Y24 Totsl Funds 2023 Local Motion (Paymenl ol fees) Festival Of Ideas Oihef InCe 8.050 8.050 2,100 1,953 8.050 8,050 4.053 10-
ENFIELD RACIAL EQUALITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (Contlnued) YEAR ENDED 31 MARCH 2024 Outgolw Re8ourc•8: Charhable acllvllle8 Unrestrl¢ted Re8trlct•d Funds Funds 24 2024 Total Funds 2024 Total Funds 2023 Staff costs Depreciation and impairment Rent & seTrice charges Insurance 37.189 1,997 39.186 336 38.524 673 3.500 3,500 379 Legal an¢J professional fees Accountancy lees Telephone Printing. postage and stalionery Computer cost Event Costs 115 244 327 266 1.155 1.155 Meetings & conferences General expenses Subscriplions Pension Reassure & Sl. James lor CEO Travel and subsistence 241 873 223 317 397 149 4,719 21 4.719 51 4.601 291 Websilel Equipment Community Panels Contribution & Translations 569 474 48.020 3,586 51,606 50,364 Support and Governance Costs General Totsl Rent & service charges Insurance Printing. postage and statwery Legal and Professional fees 3,500 3.500 327 327 600 4.835
ENFIELD RACIAL EQUALITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (Conllnued) YEAR ENDED 31 MARCH 2024 Employ$ 2024 2023 The average monthly number of empbyees during the year was: Employment ¢ost$ 2W24 2023 Net Salary Social security costs Other pension costs 28.390 7.429 3,367 28,802 6,164 3,558 39.186 38,524 No employees had employee benefits in exeegs of £60.). The charty Iruslees were not paid or received any other benefits IT empbyThenl wrth the charty in the year, nerther were they reimbursed expenses during the year. No charty ITUStee receNed pawnent for prolessional or other seNices supplied to the charily. The gross remuneration ol key management personnel (Chief Executive Officer) of the charity were £21,44912023'. E20,9231. Retlrement beneflt scheme8 Deflnod contributlon xlwmes The charity operates a defined C(rtrIbutn pensi stheme for qualrfw.ng employees. The assets ol the scheme are held separately from those ol ihe chanty in an independently administered lund. The charge lo prolrt and loss in respect ol defined conlribulM)n schemes was t8.08612023.' £8,159). Tanglble tlxed as Flxtures. tlttlng8 & equlpment Cost Blfwd Additions 21.623 Al 31 March 2024 Depreclatlon Blfwd Depreciation charged in the year 20.278 Al 31 March 2024 Carrying value Al 31 March 2024 Al 31 March 2023 12-
ENFIELD RACIAL EQUALITY COUNCIL NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 10 Cr•dltor8: amounts lalllng due wlthln on8 year 21r24 2023 Accountancy lees Other taxes and sctial security costs Other pension costs 600 622 275 935 274 1,809 1.497 Analys18 of net a88ets betwow tund8 Unrestrlcted Funds Unrestrlcted Funds Total Funds Tangible assets Current asselsl{Ibabilrtwl 1,009 12 Movoment8 In funds Total Funds Brougm FoThvard Total Incomlng Tolal Resources Expended Total Fund8 Carrled Forward Reslricled funds Unrestricted funds 3,086 42 3,586 13 Related party trans•¢tlon• There were no di5closthe Telaled party transa¢ti(Ms during the year. t3-