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 se￿IceS 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 be￿88n 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.