REGISTERED COMPANY NUMBER: 05843319 {England and Wales) REGISTERED CHARITY NUMBER.. 1116970 Report of the Trustees and Unaudited Flnanclal Statements lor the Year Ended 31 March 2025 for North Wales Reglonal Equality Network Ltd Salisbury & Company Chartergd Accounlanls Irish Squarè Upper Denbigh Road Sl Asaph Denbighshire LL17 ORN
North Wale5 Reglonal Equallty Network Ltd Contents of the Financlal Statemènt8 for the year ended 31 March 2025 Page Report of the Trustees Independgnt Examiner's Report statement of Flnanclal Actlvltlo$ Balance Sheet Notes to the Flnanclal Statèments 7 10 15 Detailed Statement of Flnanclal Actlvltles 16
North Wales Regional Equality Network Ltd Report of the Trustees for the year frnded 31 March 2025 The Iruslees who are also directors ol the charity for the purposes of the Companies Act 2006, present their report with the linarncial slalemenls of the charity lor the year ended 31 March 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities. Slalemenl of Recommended Practice applicable lo charities preparing thèir aecounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 OBJECTIVES AND ACTIVITIES Objectives and aims North Wales Regional Equality Network INWREN) is a registered charity, with 25 years, experience in delivering services lo North Wales. We aim our seIceS lo lh& individuals who ar8 marginalised and l or idenlilied Ljnder the protected ¢hara¢leri51ics of The Equality Act 2010. Our services and aclivilios aro designed lo address discrimination in day-lo-day life. Our primary business aclivilies, lunding and l or grants wero generated through partnership work with the Welsh Government. Voluntary Services Councils, Race Council Cymru, Gwynl Y Mor, the Oldèr People's Commissioner and North Wales Community Cohesion. Aims and objoctivès NWREN is commilled lo.. Challenging all forms of direct and indirect racism Supporting partners ini118lives lo challenge discrimination ag8insl individuals and groups Increasin9 awareness ol the impact ol discrimination and prejudice on peoples, lives in North Wales Promoting equality education, training and aclion-planning wilh Ihg public, voluntary and privale sectors Increasing the awareness ol the valuè ol all groups al risk of social exclusion lo make a positive contribution lo soci31 and economic life in a thriving North Wales, The reduction of hale crime, especially race hale crime Supporting communication be88n service users and providers in keeping wilh the Anli-Racisl Wales Action Plan IARWAPI Implem8nling policies lo promote good practice Dev8loping partnerships with sister organi5alion5 Further lo Ihe above objectives bul not olhefwise, the Charity may undortake the following funclions lo highlighl the Issues and experiences ol minority individuals and communities by.. Challenging all aspects of discrimination Informing mainstream organisalions 8boul the marginalisalion and diversily of need within their communilies Promoting Innovation and good practice within the consullaliv8 process Raising awareness and eduoaling tho communily, volunteer organisalions, slalulory bodies, business and individuals about equality issues Conducting empirical research and gathering slatislical data raising awareness ol the impa¢l of discrimination and goneraling an appreciation ol the exlenl and long terms effgcls ol rural discrimination within the Welsh context The Iruslees hav8 paid due regard lo guidanc8 issued by the Charity Commission in deciding what activities the charity should undertake. ACHIEVEMENTS AND PERFORMANCE Charltable activities Despite Ihe economic climate continuing lo be uncertain, NW REN has found new ways of working and secured funding lo Increase ils membership and revilalise ils operational structures. With strong inlraslruclure and policies in place we can continue lo grow and adapt lo the ever changing face of th& voluntary sector. Our priorities are lo combat racism and discrimination and lo extend our educational work, whenever pos.qible in partnership wilh voluntary sector organisalions that share our equalily obieclives. Secondly, we will continue our collaboration with public-seclor bodies. as 'crilical friends, supporting the development and implemenlalion ol their equality policies and exchanging good practices. We Intend also lo represent the particular inleresls of north Wales and beyond in the development of equality policy al a national level. We will continue lo seek funding for this work and lor the core lunding ol NWREN Page 1
North Walgs Regional Equality Netwoik Ltd Report of the Trustees for the year gndod J1 March 202S FINANCIAL REVIEW Financial position The turnover lor the year under review was £43,911 12024.. £112,390} Tho company will continue ils efforts lo improve ils income streams Ihfough innovative business practices and widening partnerships. We have balanced the budget throughout the year with cost feduclion slrale9ies and good cash management with a ¢onlinued emphasis on the need lo securg long-lerm sustainable growth. 11 is the policy of the charity that unreslricled funds, which have not been designated for a specific use, should be maintained al a level equivalent lo six lo nine-monlh's gxpendilure. The Iruslees considèrs Ihal reserves 81 this level will ensure that. in the evenl ol a 5ignificanl drop in funding, contingency funds will be in place. This will enable the charity lo continue current aclivi118s while consideration is giv6n lo ways in which additional funds may be raised. This 18v81 01 reserv8s has been maintained throughout the year. Prln¢lpal rl$ks and un¢ertalntle$ Rlsk Managemgnt The Iruslees hav8 assessed the major risks lo which Ihe charity is expos&d and ar8 satisfied that systems are in place lo mitigale exposure lo Ihe major risks. The trustees constantly monitor the potential risks through framework for risk Idenlilicalion, evaluation, miligalions and manag8menl every quarter. Recrultment and appointment on now tru$t•os The Iruslees of NWREN, the ch8rity, are the sam6 as Ihe Directors of NWREN the Company Limited by Guarantee. The directors may, al any lime, co-opt any person lo the board of directors whether or not they are a member ol the charity, provided the maximum number prescribed In Arlicles 38 is nol &x¢eeded and that no more than three such co-oplions shall be made beiween one Annual General Meeting and the nexl. All persons so co-opted shall retire al the Annual General Meeting following their co-oplion bul shall be eligible lo for reappointed thereafter. None of the Irusle&s has any beneficial inler8sI in the company. All ol tha trustees are membefs ol the company 8nd guarantee lo conlribulo £1 in the event ol winding up. Orgartlsatlonal $tru¢tur? The organi5alional 51ruclure of NWREN members is explained in ils governing documents with the addition of a range of subgroups. The organisalional structure of NWREN is hiorarchical with lh& Chièf Executivè taking management responsibility for the delivery ol 115 airns, objeclivos and proje¢l$. All activities are accounted lor via the officerfs report al each Board Meeting. nduction and training of now trust¢&$ All Iruslees are issued with an ir)duclion pack containing all of the pertinent policies and procedures and a copy of Ihe Memorandum an(J Articles ol As50cialion. All training and devalopmenl offered lo staff 15 il appropriate, also made available lo Board members. Widor Nètwork NWREN has a nurnber of protoco15 in place to sustain ils operalignal relationships. These are designed lo ensure the efficient and confidential signposting of individuals from a minority ethnic background who havè undergone racist abuse of any nature. STRLICTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ils governing document, a deed ol Irusl, and conslilul8s a limited company, limited by guarantee, as defined by the Companies Acl 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05843319 (England and Wales) Page 2
Ngrth Wales Regional Equality Network Ltd Report of the Trustees for thè year ondèd 31 March 2025 Registered Charity numb9r 1116910 Rggi$torod offlcè The EqLJality Centre Bangor Road Penmaenmawr Conwy LL34 6LF Trust¢trs Ms M E A Holmes Manager Ms J S Mfikela Arlisl (resigned 16161251 Ms R S Parry Social Worker Professor R S Moore Relired M Onyeagoro-okonkwor lappoinled 16161251 Company Se¢rotary Mr R Moore Indépèndont Examlnar Salisbury & Company Chartored Accounlanls Irish Square Upper Denbigh Road Sl Asaph Denbighshire LL17 ORN Approved by order of th8 board ol Irusle8s on and signed on 115 bohall by.. Profe550r R S Moore- Trustee Page 3
Independent Examiner's Report to the Trustees of North Wales Regional Equality Network Ltd Indopèndent èxamlnerfs rfrport to the trustees of North Wales Regional Equality Network Ltd I'tho Compan) I report lo the charity Iruslees on my examination of the account5 of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's Iruslees ol the Company land also ils directors for the purposes of company lawl you are r&sponsible for the preparation of the accounts in accordance with the requirements ol the Companiès Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accoun15 of tho Company ar8 not required lo be audited under Part 16 of th8 2006 Acl and are eligible for independent examination, I repori in respect of my examination ol your charity's accounls as carried out under Section 145 of th8 Charities Act 2011 I'thè 2011 Act,). In carrying out my 8xaminalion I have followed the Directions given by th8 Charity Commission under Section 14515) Ibl of the 2011 Act. Indepèndent examlnèr's statement I have completed my 8xaminalion. l confirm Ihal no mallers hav8 come lo my allenlion in connection with the examination givin9 me cause lo believe.. accounting records were not kopl in respect of the Company ag required by Section 386 of the 2006 Act., or the accounts do nol accord with those records., or the accounts do not comply with the accounting qUIrementS of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a maller considered as part of an independent examinalion., or the accounts have not been prepared in accordance with the methods and principles ol the Slalemenl of Recommended Practice lor accounting and reporting by charities lappli¢abl& lo charities Pfeparing their accounts in accordance wilh th8 Financial Reportirsg Standard applicablè In tho UK and Republic of Irolarnd IFRS 10211. I have no concorns and have come across no other matters in connection with the examinalion lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reachod. <JJ, - Il. Aled Roberts FCA Salisbury & Company Chart8red Accounlanls Irish Square Upper Denbigh Road Sl Asaph Denbighshire LL17 ORN Dale.. /:// J Page 4
North Wales Regional Equality NelAYork Ltd Statement of Financial Activities for thg yfrar endgd 31 March 2025 2025 Total funds 2024 Total funds Unreslricled fund Reslricled lund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 39,832 39,832 108,951 Other Ifading activities Investment income Other income 2.000 2.022 56 2.000 2,022 56 2,001 1,438 Total 4,078 39,832 43,910 112,390 EXPENDITURE ON Charitablo activitios Charitable expendiluro 15,654 40,492 56,146 79,079 NET INCOMEIIEXPENDITUREI Transfers between funds 111,5761 11,6381 16601 1.638 112,2361 33,311 14 Net movom¢nt In funds 113,2141 978 112,2361 33,311 RECONCILIATION OF FUNDS Total funds brought forward 203.770 58,637 262,407 229,096 TOTAL FUNDS CARRIED FORWARD 19Q,556 59,615 250,171 262.407 The notes form part ol these financial slalemènls Page 5
North Wales Regional Equality Network Ltd Balance Sheet 31 March 2025 2025 Total funds 2024 Total funds Unreslricled fund Reslricled funds Notes FIXED ASSETS Tangible assets 150,056 3,645 153.701 156,351 CURRENT ASSETS Debtors Cash al bank 12 18,278 89,345 41,518 56.040 97,558 42,631 56,040 98.671 107,623 CREDITORS Amounts falling due within one year 13 12.1321 1691 12,2011 11,5671 NET CURRENT ASSETS 40,499 55.971 96.470 106,056 TOTAL ASSETS LESS CURRENT LIABILITIES 190.555 59,616 250,171 262,407 NET ASSETS 190,555 59,616 250,171 262,407 FUNDS Unreslricled fund5 Reslricled funds 14 190,555 S9,616 203,770 58,637 TOTAL FUNDS 250,171 262,407 The chafilable company is enlillod lo exemption from audit under Seclion 477 01 the Companigs Act 2006 lor the year endèd 31 March 2025. The members have not required the company lo obtain an audit ol ils financial slalomenls for tho year onded 31 March 2025 in accordance with Section 476 01 Ihe Companies Act 2006. The Iruslees acknowledge their responsibilities for (al ensuring that the charilablo company keeps accounting records th81 comply with Sections 386 and 387 01 the Companies Act 2006 and preparing financial slalemenls which 9ive a true and lair view ol tho slate of affairs of the charitable company as al the end ol each lin8ncial yèar and ol ils surplus or dgficil lor each financi81 year in accordance with the requiremonls of Sections 394 and 395 and whi¢h Dlherwise comply with the requiremen15 of the Companies Act 2006 relating lo financial slalemenls, so far as applicable lo Ihe charitable company. {bl These linancial slalemenls have been prepafed in accordance with the provisions applicablo lo charitable companies subject lo the small companies regime. The finan&ial slalemenls were approved by the Board of Trustees and aulhorised lor and were signed on ils behalf by., issue on Professor R S Moore . Trustee The notes form part ol Ihese financial slalemenls Page 6
North Wales Regional Equality Network Lld Notes to the Financial Statements for thg ygar gndgd 31 Mar¢h 2025 ACCOUNTING POLICIES Basls of preparlng the flnancial statements The financial slalemenls of the charitable company, which is a public benefit entity under FRS 102, have been prepared In accordance with tho Charities SORP IFRS 1021 'Accounling and Reporting by Charilies.. Slalèmenl of Recommended Practice applicable lo charities preparing their 8ccounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financi31 Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland. and the Companies Act 2006. The financial slalemenls have been prepared under the hislorical cost convention. Accounting convention The financial slalemenls have been prepar8d in accordance with the charilrfs Igoverning documenll, the Companies Acl 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "AccDunlin9 and Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charitie5 preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Ropublic ol Ireland IFRS 1021" leffeclive 1 January 20191. The charily 15 a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP lor charilles not lo prepare a Slalemenl of Cash Flows. The financial slalemenls are prepared in sterling, which is the functional currency ol the charity. Monetary amounts in thes& financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention, Imodilied lo include the r8valualion ol freehold proporties arid lo include investment properties and Certain Iinancial instruments al fair valuel. The principal accounting policios adopted aro sol out below, Income Incom& is r&cognised when Ihe charity is legally enlilled lo il after any performanc8 condilions have been mel, the amounts can be measur8d reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are rocognised once the charity has been notified ol the donation, unless performance conditions requirf) doforral of the amount. In¢ome lax recovorable in relalion lo donations received under Gift Aid or deeds of cov&nanl is recognis8d al the lime of the donation. Legacios are recogni5ed on receipt or otherwise if the charily has been nolilied of an impending dislribulion, the amount is known. and receipt is expected.11 the amount is not known, the legacy is Ir&aled as a conlingenl asset Expendlture Expenditure is recognised once there is a legal or conslruclive obligation lo Iransfor economic benefil lo a third party, Il is probable that a transfer ol economic ber)elils will bè requirèd in sèlllemenl, and the amount ol the obligation can be measurèd lIablY. Expondilure is classified by aclivity. The ¢o$ls ol each activity are made up ol the lolal ol direct costs and shared costs, iricluding support costs involved in undertaking each aclivily. Direct cos15 allribulabla lo a single activity are allocated directly lo th81 activity. Shared costs which contribute lo moro than one activity and support costs which are not allribulable 10 8 single activity are apporlioned beeen those aclivilies on a bagis consislanl with the use of resourc9s. Central staff costs are allocated on the basis ol limo spent. and depreciation charges are allocated on the portion ol the asset's use. Impairment of fixed assets Al each reporting end dalo, the charity reviews the carrying amounts ol ils tangible assets lo detèrmine whether there is any indiealion that those assets havo suffered an impairment loss. 11 any such indicalion exists. the recoverable amount of Ihe assel is eslimaled in order lo determine Ihe exlenl ol the impaifmenl loss lif any). Taxation The charity 15 exempl from corporation lax on ils charitable acliviligs. Charilablè funds Unrestricted funds are available lor use al the discretion of Ihe Iruslees in furtherancè ol their charitable obiecliv8S. Reslricled funds are sijbjècl lo specific conditions by donofs as lo how they may be used. The purposes and Page 7 continued...
North Wales Regional Equality Network Ltd Notes to the Financial Statements continued for thg year gndgd 31 March 2025 ACCOUNTING POLICIES - continued Charitable funds uses ol the reslricled funds are sel out In the notes lo Ihe financial slalemenls. Endowment funds are subjeel lo specific conditions by donorg that tha capital musl be mainl8ined by the charity. Baslc finan¢ial as$ets Basic financial assets, which include deblofs and cash and bank balances, are initially measured al transaction price Including Iran5aclion costs and are subsequently carried al amortised cost using the effective interest method Ltnless the arrangement conslilules a financing Iransaclion. wher8 the transaction is measured al the present value of the future receipts discounted al a markgl rale ol inlerosl. Financial assets classified as receivable within one year are nol amortised. Basic financlal liabilities Basic financial Iiabililies, including creditors and bank loans are initially r&cognised al transaction price unlesg Ihe arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present valu& of tho lulure paymonls discounlod al a market ral& of inl&fesI, Financial liabilities classified as payable within ona year are nol amorlised. D8bl instruments are subsequently carried al amoriised cost, using the effective interest rale method. Trade creditors are obligations lo pay lor goods or services that have been acquired in the ordinary course 01 operations from suppli8rs. Amoun15 payabl8 are classiliod as current liabilities if paymonl is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction pric8 and subsequently measurod al amortised c051 using the offeclivè inloresl molhod. Derecognltlon of flnanclal Ilabllitles Financial liabilities are derocognised when the charity's conlraclual obligations expire or are dischai9ed Of C8ncellad. Impalrmont of flxed as6ets Al each reporting end dale, the charity reviews tho cafrying amoun15 of 115 langiblo asse15 to determine whether there is any indication that those asse15 have suffered an impairment loss,11 any such indication exis15, Ihe recoverabl8 amount of the asset is eslimalod in order lo determine the exlenl ol the impairmgnl loss lif any). Financial Instruments The charity has elected lo apply the provisions ol Setlion 11 'Basic Financial Inslrumonls, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo tho conlraclual provisions ol the inslrum6nl. Financial assels and liabilities are omsel, with the nel amounts presented in the financial slalemenls. when ther8 is a legally enforceable right lo sel off Ihe recognised amounts and there is an intention lo settle on a nel basis or lo realisg the asset and sellle the liability simultaneously. Cash and Cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrarts are shown within borrowings in current liabilities. Employee benefits The cost of any unused holiday enlillemenl is recognised in the period in which the employee's services are received. Termination benelils are recognised immediately as an expense when the charity 15 demonstrably committed lo lorminale the employment of an employee or lo provide lerminalion benefils Going concern Al the lime ol approving the financial slalemenls, the Iruslees have a reasonable expectation that the charity has adequatè resources lo continue in operational existence for the foreseeable lulure. Thus the Iruslees continue lo adopt the going concern basis ol accounting In preparing the financial slalemenls. Page 8 continued...
North Wales Regional Equality Netrwork Ltd Notes to the Financial Statements - continued for the ar ended 31 March 2025 DONATIONS AND LEGACIES 2025 2024 Donalions Grants 7,960 100,991 39,832 39,832 108.951 Grants receivod, included in Ihe above, aro as follows- 2025 2024 Welsh Government ARWAP Community Cohesion- Lived Experience opc Winter Pressufe RCC Windrush projeol The Warm Hub TNL Community Fund 15,000 3,832 94,741 2,000 400 1,850 2,000 1,000 20.000 39,832 100,991 OTHER TRADING ACTIVITIES 2025 2024 M8mbarship subscriptions 2,000 2.001 INVESTMENT INCOME 2025 2024 Inlgresl retoivable - trading 2,022 1,438 CHARITABLE ACTIVITIES COSTS Support costs (see note 61 Direcl Costs Totals Charitable axpendilur 52,388 3,758 56,146 SUPPORT COSTS Information technology Finance Totals Charitable expendilure 61 3,697 3,758 Page 9 continued...
North Wales Regional Equallty Network Ltd Noles to the Financial Statements contlnued for tho year ended 31 March 2025 NET INCOMEIIEXPENDITURE) Nel incomellexpendilurel is slated after chargingllcrgdilingl.. 2025 2024 Depreciation owned assets Surplus on disposal ol fixed ass8ls 1,356 1561 310 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneralion or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustee5' expensos There were no 31 March 2024. Iruslees. expenses paid for the ygar ended 31 March 2025 nor for the year ended STAFF COSTS 2025 2024 Wagès and salaries 28,582 42,043 28,582 42.043 The average monthly number ol employees during Ihe year was as lollows.. 2025 2024 Employe05 No employees received gmolumenls in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreglricled fund Rèslricled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7,96D 100,991 108.951 Other trading aelivilies Investment income 2.000 1,438 2.001 1,438 Total 11,398 100,992 112.390 EXPENDITURE ON Charitablg activities Charitable expendilu 30 79,049 79,079 NET INCOME 11,368 21,943 33,311 RECONCILIATION OF FUNDS Tol81 funds brought forward 192.402 36,694 229.096 TOTAL FUNDS CARRIED FORWARD 203.770 58,637 262,407 Page 10 continued...
North Wales Regional Equality Network Ltd Notes to the Flnanctal Statements continued for thè year ended 31 March 2025 11. TANGIBLE FIXED ASSETS Fixtures and Freehold property Totals COST Al 1 April 2024 Disposals 150,000 21,661 11,3501 171,661 11,350) Al 31 March 2025 150,000 20,311 170,311 DEPRECIATION Al 1 April 2024 Charge for year Eliminated on disposal 15.310 1.356 1561 15.310 1,356 1561 Al 31 March 2025 16,610 16.610 NET 800K VALUE Al 31 March 2025 150.000 3,701 153,701 Al 31 March 2024 150,000 6,351 156,351 12. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments 17,118 1,160 1,113 1,113 18,278 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors Accrued oxpenses 1,851 350 1,200 367 2.201 1,567 Page 11 continued...
North Wales Regional Equality Network Ltd Notes to the Financial Statements - continued lor thg ygar ended 31 March 2025 14. MOVEMENT IN FUNDS Nel movement In funds Translers between funds Al 3113125 Al 114124 Unrestrlcted funds General fund 203.770 111.5771 11,6381 190,555 Restricted funds Community Foundation Wales Wolsh Government Voter Registration RCC Windrush Project Older Person Commissioner & Community Cohesion Welsh Government . ARWAP Gwynl Y Mor BCUHB - Winter Pressure Conwy Welsh Local Government Association OPC Wales The Warm Hub Community Cohesion NW TNL Community Fund BAWSO Comic Roli&l 400 7.320 456 400 7,320 456 2,933 20,693 8,182 1,850 16,403 400 2,933 3,646 8,182 118,5641 1,517 11,8521 16.403 400 1201 1291 19,876 1701 20 29 19.876 70 58,637 16591 1,638 59,616 TOTAL FUNDS 262,407 112,2361 250,171 Nel movem8nl in funds, included irs the above are as follows.. Incoming resources Resources xpended Movemenl In funds Unrestrlcted funds Goneral fund 4,078 115.6551 111,5771 Re$trlcted funds Welsh Government- ARWAP BCUHB - Winter Pressure Convry The Warm Hub Cornmunity Cohesion NW TNL Community Fund BAWSO Comic Reliel 15,000 133,5641 11,8521 11,0201 13,8611 11241 {701 (18,5641 11,8521 1201 1291 19,876 1701 1,000 3,832 20,000 39,832 140,4911 16591 TOTAL FUNDS 43,910 156,1461 112,236) Page 12 continued...
North Wales Regional Equality Network Ltd Notes to the Financial Statements continued for the yèar endèd 31 March 2025 14. MOVEMENT IN FUNDS - continued Comparatives for movement in tunds Nel movement in funds Al 3113124 Al 114123 Unrestricted funds General lund 192.402 11,368 203,770 Re5trictgd funds Community Foundation Wales Welsh Government Voter Registration RCC - Windrush Project Older Person Comrnissioner & Community Cohesion Welsh Government- ARWAP Gwynl Y Mor BCUHB - Winter Pressuro Conwy Welsh Local Gov8rnmenl Association OPC Wales 1,400 7.320 456 11,0001 400 7,320 456 2,933 2.933 20.693 8,182 1,850 16,403 400 20,693 8,182 1,850 16,403 400 36,694 21,943 58.637 TOTAL FUNDS 229,096 33.311 262,407 Comparative nel movement in funds, included in the above aro 8s follows.. Incoming resources Resources expended Movemenl in funds Unrestrlcted funds General lund 11,398 1301 11,368 Rostrlcted funds Community Founda110n Wales RCC - Windrush Project Wolsh Governmenl - ARWAP BCUHB - Winter Pressur8 Conw OPC Wales 2.000 2,000 94.742 1,850 400 13,0001 12,0001 174,0491 11,0001 20.693 1.850 400 100,992 179,0491 21,943 TOTAL FUNDS 112.390 179,0791 33,311 Page 13 continued...
North Wales Re9lonal Equality NeOrk Ltd Notes to the Financial Statements - continued for the year ended 31 March 2025 14. MOVEMENT IN FUNDS - continued A current year 12 months and prior yèar 12 months combined position is as follows.. Nel movement in funds Transfers between funds Al 3113125 Al 114123 Unrestricted funds General fund 192.402 12091 11,6381 190,555 R•strl¢tod funds Community Foundation Wales Welsh Government Voter Regislralion RCC - Windrush Project Older Person Commissioner & Community Cohesion Welsh Governmenl- ARWAP Gwynl Y Mor BCUH8 - Winter Pressure Conwy Welsh Local Government Association OPC Wales The Warm Hub Community Cohesion NW TNL Community Fund BAWSO Comic Relief 1,400 7,320 456 11,0001 400 7,320 456 2,933 2,933 3,646 8,182 2.129 1,517 8,182 121 16.403 16,403 400 400 1201 1291 19,876 1701 21,284 20 29 19.876 70 36,694 1,638 59,616 TOTAL FUNDS 229,096 21.075 250,171 A current year 12 months and prior year 12 months combined nel movement in funds, included In the above are as follows.. Incoming fesources Resources expended Movement in funds Unrestrlcted funds General fund 15,476 115.6851 12091 Rgstrictod funds CommLJnily Found81ion Wales RCC Windrush Project Welsh Government- ARWAP BCUH8 - Winter Pressure Conwy OPC Wales The Warm Hub Community Cohesion NW TNL Community Fund BAWSO Comic Relief 2,000 2.000 109,742 1.850 400 1.000 3,832 20,000 13,0001 12,0001 1107,6131 11,8521 11,0001 2,129 121 400 1201 1291 19,876 1701 11,0201 13,8611 11241 1701 140,824 1119,5401 21,284 TOTAL FUNDS 156,300 1135,2251 21.075 Details ol the reslricled funds are sel out below.. BCUHB Winler Pressures Conwy workshops lo combavraise awareness of wellbeir)g issues and mental health,. BCUHB Winter Pressures Denbighshire mental health.. Community Foundation Wales three yearly payments of £2,000 lo help with the business manager's salary., Welsh Government Volor Registration - increase awareness of who is eligible lo vole and oncourage them lo register. workshops lo combauraise awareness ol wellbeing issues and Page 14 continued...
North Wale$ Regional Equality Network Ltd Notes lo the Financial Slatements - continued for thè year endèd 31 March 2025 14. MOVEMENT IN FUNDS - continued RCC Windrush produce a film based on the life of Enrico Slenell (former local resident and NWREN member) for uso in school lo highlight the Windrush Generation., Older Person Commissioner - lacililale engagement lo gather the lived experiences of older people (aged 60+1 from Black, Asian 8nd Minority ethnic communities in Wales., Community Cohesion lo design, film. edit, final proof, produce and mount on an accessibla platform a film documentary lo includè people's lived oxporiences lo challenge racism and hale crime in North Wale5', Welsh Government ARWAP - lo establish an online and physical resource documonling the cultural identity and heritage ol Black, Asian and Minority ethnic elders in Wales who have contributed lo the race equality gender Maeling with Ihe Older Pgople's Commissioner and Chinese Women's association lo give leod back from the consultations cafried out in the previous year. The Warm Hub - support Warm Hubs as sale and warm places within Ihe local community that people can go lo during the Winter. The Nalional Lollery Community Fund - lo challenge racisl slereolyping and alliludes through the means ol creative arts sessions and walking trips. This will bring the community together in safe and secure outdoor environments lo learn from on8 anolhar. 15, CAPITAL COMMITMENTS There were no capital commilm8nls lor th8 year onded 31 March 2025 {2024 - none) 16. RELATED PARTY DISCLOSURES There were no relalod paty transactions lor the year ended 31 March 2025. Page 15
North Wales Regional Equality Neork Ltd Detailed Statement of Financial Activities for the ygar endèd 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Oonations and legacies Donations Grants 7,960 100.991 39,832 39,832 108,951 Othèr trading activities Membership subscriptions 2,000 2,001 Investment income Interest r&cèivabl6 - trading 2,022 1.438 Othtrr Income Gain on sale ol tangible fixed as59ls 56 Total Incoming resources 43,910 112,390 EXPENDITURE Charltabl• actlvitles Wages Rates and water Insurance Light and heal Telephon Office Expenses A¢¢ounlancy Proj8cI & aclivilies Fixtures and li111ngs 28.582 456 1,181 5.518 612 536 2,400 11,747 1,356 42,043 302 1,092 1,371 499 2,790 1,308 29,160 310 52,388 78,875 Support cost$ Flnancg Bank charges 61 60 Informatlon technology Repairs and renewals 3,697 144 Total resources expended 56,146 79,079 Net lexpenditurollinGome 112,2361 33,311 This page does not form part ol the slalLJlory financial slalemenls Page 16