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2023-05-31-accounts

REGISTERED COMPANY NUMBER: 05834708 (England and Wales) REGISTERED CHARITY NUMBER: 1116971

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SHOW RACISM THE RED CARD

Read, Milburn & Co Chartered Accountants and Statutory Auditor 71 Howard Street North Shields Tyne and Wear NE30 1AF

SHOW RACISM THE RED CARD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Financial Statements 16 to 27

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Show Racism the Red Card (SRtRC) is an anti-racism educational charity (Charity No: 1116971) established at end of 1995 aiming to combat racism through anti-racism education.

SRtRC harnesses the high-profile status of professional footballers to produce highly accessible educational resources, including films and educational activities.

Apart from the films, we produce posters with Football Clubs, magazines and a whole range of other educational resources. We are also increasing the number of events that we hold with young people at football and other sporting clubs throughout the UK.

On an annual basis, we run UK wide anti-racism School Competitions, which involves young people producing poetry, artwork, music, short stories or films.

In Glasgow, Cardiff, the North East, North West and South of England we also have teams of Education Workers who work in schools and undertake anti-racism educational activities directly with young people and adults.

Over recent years, the charity has moved some of our educational content online and increased the numbers of adults and workplaces that have benefitted from educational training programmes.

Public Benefit

Show Racism the Red Card aims:

Page 1

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

ACHIEVEMENTS AND PERFORMANCE

It has been a year of turning outwards after the difficult pandemic-affected years. We began the pandemic with 24 salaried staff and finished it with 42, so it was vital that we continued to break records on engagement with adults and young people. We have again risen to this challenge. In March 2023, we passed the milestone of engaging 1 million people in our educational programmes and continue to increase the numbers of people that we work with year on year.

Despite the difficulties of the pandemic, 2022 was a record breaking year for our charity: Wear Red Day broke all records with a magnificent 440,000 people wearing red and promoting an anti-racism message. Whilst more people than ever signed up to take part in WRD22, the 'cost of living' crisis had an inevitable impact on the level of donations that we received.

As an organisation it has been many years since we received UK Government funding, and it is a huge achievement that we have not only managed to survive these years but have managed to grow the campaign over that period. However, many of our current funders are facing cuts to their budgets and we are starting to find it harder to balance our internal budgets. The year ahead will see a General Election and it has to be hoped that a new UK Government will see the benefits of anti-racism education and commit to investing in it.

The School Competitions in England, Scotland and Wales continue to inspire the entire organisation. The Awards Ceremonies at Anfield, Murrayfield and the Cardiff Hilton were three of the highlights of the year. We also had a record breaking amount of sponsorship for the Calendar 2023, which has gained some fantastic feedback from our supporters.

One of the main strategic goals of SRtRC has always been to make our anti-racism resources available to every school in the UK. The launch of our Education Hub in January 2023 brought us closer to achieving this goal than ever before. There are now many different lessons on the Hub and thousands of subscribers using these key resources on a daily basis.

Throughout the last 10 years, there has been a barrage of anti-immigration rhetoric from the media and politicians, and sadly this year was no exception. As a counter narrative, SRtRC have joined forces with Migrant Voice and IMIX on a brand new campaign entitled 'Migration: Making Britain Great'.

We have worked with Migrant Voice for over 10 years collaborating on a number of initiatives to combat racism towards immigrants in the UK. This latest campaign will involve us developing new workshops on the issue and trying to change the narrative around immigration to a more positive tone. One which reflects the huge contribution that migrants have made to the UK economically and socially in the last 100 years or more.

As a charity, we are continuing to call for anti-racism education to be included on the National Curriculum and we have taken the Welsh Government's example into the UK Parliament, via our All Party Parliamentary Group (APPG).

We have also continued the work on our new Strategic Plan 2024-2027 and will finalise the plan in the months ahead, aiming to have it operational for the beginning of 2024.

Entering the upcoming Financial Year, with our expanded, skilled and knowledgeable team, driven by a resolute commitment to combat racism on a meaningful scale. We remain dedicated to collaborating with partners to reach our objectives, extending a warm invitation to new allies to join forces and amplify our impact collectively.

Page 2

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

We express immense gratitude to all those who have backed our endeavours, especially acknowledging the outstanding efforts of the SRtRC staff team. Despite navigating through tough times and challenges, their unwavering passion and enthusiasm for anti-racism education radiate through every aspect of our work.

FINANCIAL REVIEW

It is a testament to the quality of work that we deliver, that many sponsors and supporters have maintained funding for SRtRC despite their own financial challenges.

We were also supported by the levels of donations from the general public throughout the year and additionally, the organisation has been able to develop relationships with a number of corporate partners over the period.

Income for the year ended 31 May 2023 was £1,319,124 (2022 - £1,443,019) whilst Expenditure was £1,676,301 (2022 - £1,229,614).

Funders

We would like to offer sincere thanks to all funders, listed below. In this period, Show Racism the Red Card received financial backing from:

UNISON, Unite the Union, Professional Footballers' Association, National Education Union, Facebook, Sainsbury's, Kickers/Pentland Brands, Potts Print (UK) Ltd, The Football Association, Durham Police & Crime Commissioner, Police & Crime Commissioner for Cleveland, Thompsons Solicitors, Police & Crime Commissioner for Northumbria, PROSPECT, North Tyneside Council, South Tyneside Council, Usborne Books, Preston City Council, Salford City Council, Scottish Professional Football League (SPFL), Inverclyde Council, Perth & Kinross Council, Newport City Council, Thompsons Solicitors Scotland, East Renfrewshire Council, Gwent Office of Police and Crime Commissioner, PFA Scotland, Scottish Football Association, Educational Institute of Scotland (EIS), Swansea Council, Rhondda Cynon Taf Council, Scottish Football Partnership, Football Association of Wales, West Lothian Council, Welsh Assembly Government, Llywodraeth Cymru, Vale of Glamorgan Council, ASLEF, Torfaen County Borough Council, Hammersmith & Fulham Council, and Sefton CVS.

Investment Policy

Over the last few years, Show Racism the Red Card has seen an increase of donations from the general public. We have also been fortunate enough to receive donations from large corporate organisations during the period, all of which has put the organisation into a good financial position.

These funds created an opportunity to invest in the organisation, our people and our services. We have spent these funds to expand the organisation and our reach, whilst also building up our reserves in a time of economic uncertainty, increasing inflation and a cost of living crisis.

Developments

We have brought in a Director of HR & Support Services to provide a key administrative function to support the growth of the organsiation over the last couple of years. We have also invested in an Employee Assistance Programme (EAP) for the staff team.

The brand new website and Education Hub are both investments in the long term future of how we deliver and share our educational resources.

We also invested in an Organisational Diagnostic Review (ODR) which helped to assess the strengths and areas for focus of the organisation.

Page 3

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

FINANCIAL REVIEW - continued

Reserves Policy

The organisation continues to endeavour to work towards securing one full year's operating costs as reserves. This policy exceeds the recommendations of the Charity Commission.

At present the reserves are split into true (free) reserves and designated funds, comprising the Emergency, Core Costs, North West Development and Regional Projects funds. Those designated funds stand at £354,622 (2022 - 755,622), true reserves amount to £986,080 (2022 - £942,257).

FUTURE PLANS

The year ahead

Maintaining the organisation's anti-racism education remit and staff team are our key priorities moving forward in these difficult economic times. We are also looking to develop the organisation in several key areas:

Strategic Priorities 2020 - 2023

The board will ensure that SRtRC maintains and sustains the financial viability of the organisation for the period January 2020 - December 2023 through the following Strategic Priorities which will be translated into a deliverable Action Plan.

Page 4

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Show Racism the Red Card (SRtRC) is a charity (Charity no: 1116971) established in December 1995, which aims to advance the education of the public, in particular but not exclusively of young people. SRtRC harnesses the high profile of professional football and professional footballers to work towards the elimination of racial discrimination both in football and in society.

The organisation was incorporated (Company No: 5834708) in June 2006 and in March 2021, the Trustees approved the adoption of a new set of Articles of Association for the Charity, replacing those that had been in effect since the Charity's incorporation in 2006.

The reasons for the adoption of the new Articles were twofold. First, it had become apparent that a number of provisions in the 2006 Articles had been superseded by developments within the Charity's governance; were no longer relevant; or did not provide the Trustees with the governance framework that they needed to act in the best interests of the Charity.

Second, as part of an overall governance review against the guidelines provided by the Charity Commission, the Trustees concluded that the adoption of a more streamlined, flexible constitution, in line with the model provided by the Charity Commission, would enable the Trustees to act in an efficient, agile and effective manner.

The Articles of Association have been approved by the Charity Commission (as required by Charities regulation) and are in full effect.

Organisational Structure

Show Racism the Red Card has a Board of Trustees. The quorum for Trustees' meetings is four Trustees, or one third of the total number of Trustees at any particular time, rounded up to the next even number, whichever is the greater.

The Board shall hold at least four meetings in each year, meaning that there shall be at least four Trustee Meetings within any given 12 month period.

At present, the Board has 14 members with a variety of professional skills relevant to the work of SRtRC.

A scheme of delegation is in place, and day-to-day responsibility for the provision of the services rest with the Chief Executive along with the Director of Operations, Director of HR & Support Services, Regional Manager for the South, Regional Manager for the North West and Education Manager North East.

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

The Offices in Scotland and Wales are operated on a day-to-day basis by the Scottish and Welsh Campaign Managers respectively.

The Chief Executive is responsible for ensuring that the organisation delivers the services specified and that key performance indicators are met.

The Director of Operations is responsible for individual line management and supervision of the Senior Management Team (SMT), and for overseeing Corporate partnerships, the fulfilment of orders for resources and materials and maintaining records of Income and Expenditure. Managing the Campaign Team and overseeing the organisation of educational events at professional football clubs around the country and coordination of the annual School Competition in England.

The Director of HR & Support Services is responsible for managing the Human Resources function including all Policies and Procedures, in addition to overseeing IT support, the Communications Team and fundraising/partnerships.

The Regional Managers for the North East, South and North West are responsible for coordinating and expanding the education work throughout their areas and establishing agreements with partnership councils and other potential funders for the work.

All Managers are members of the SMT and meet on a regular basis.

Appointment of Trustees

There shall be at least five Trustees and not more than 15 Trustees. If the number of Trustees falls below five the remaining Trustees may only act to appoint further Trustees.

A person may only be appointed as a Trustee if that person:

Any person who is willing to act as a Trustee and is permitted by law and these Articles to do so, may, subject to the Articles be appointed to be a Trustee by a decision of the Trustees.

Trustees will be appointed based on the skills, knowledge, expertise and experience that the Trustees need to govern, lead and deliver the Charity's Objects. Trustees may be appointed at the discretion of the Trustees pursuant to an open recruitment process.

Upon appointment a Trustee shall become a Member of the Charity.

Trustees are not permitted to appoint an alternate to act on that Trustee's behalf.

Page 6

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MAY 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

Pay policy for senior staff

The Board of Directors (who are the Trustees), and the Senior Management Team, comprise the key management personnel of the charity in charge of directing, controlling and running the day-to-day operations of Show Racism the Red Card. All Directors give of their time free of charge.

The performance of the senior staff is reviewed annually and salaries are set in accordance with the agreed NJC payscales.

In view of the nature of the organisation, the directors benchmark against NJC pay levels for comparable roles within similar organisations and Local Authorities adhering to the same pay scales.

Risk Management

Show Racism the Red Card has an Audit & Risk (A&R) Sub-Committee to oversee Risk Management and has developed a Risk Register, which is regularly reviewed during meetings of the A&R Committee.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name: Show Racism the Red Card

Charity Registration Number: 1116971

Company Registration Number: 05834708

OSCR Number: SC040713

Registered Office and Operational Address:

Show Racism the Red Card, The Linskill Centre, North Shields, NE30 2AY

Management Committee

Shaka Hislop (Chair) Alexandra Mayer (Co-Vice Chair) Patrick Cozier (Co-Vice Chair)

Susan Abbott Samantha Dennis Helen Watson Daniel Mills Appointed 1 March 2023 Foluke Akinlose Appointed 1 March 2023 Ericka Williams Appointed 1 March 2023 Kyle Hudson Appointed 1 March 2023 Ranjit Singh Dol Appointed 1 March 2023 Ravishaan Rahel Mutiah Appointed 1 March 2023 Martin Lightfoot Appointed 1 May 2023 Mish Rahman Appointed 1 May 2023 Leroy Rosenior Retired 1 August 2022 Omar Yaseen Retired 30 April 2023 Derek Gardner Retired 30 April 2023 Christine Blower Retired 30 June 2023

Page 7

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Senior Management Team Chief Executive Ged Grebby Director of Operations Paul Kearns Director of HR & Support Services Simone Doyle (from April 2023) Campaign Manager Wales Dean Pymble Education Manager North East Sue Schofield Regional Manager for the South Steve Goodsell (until January 2023) Martina Barton & Paul Hill (from Jan 2023) Regional Manager for the North West Keziah Major Communications Manager Alison Allan

Auditors

Read, Milburn & Co., 71 Howard Street, North Shields, NE30 1AF

Bankers

Unity Trust bank plc, 4 Brindleyplace, Birmingham, B1 2JB

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Show Racism The Red Card for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 8

SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023

AUDITORS

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Read, Milburn & Co. as auditors of the charity is to be proposed at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 23 February 2024 and signed on its behalf by:

Mr N S Hislop - Chair

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SHOW RACISM THE RED CARD

Opinion

We have audited the financial statements of Show Racism The Red Card (the 'charitable company') for the year ended 31 May 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 18 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SHOW RACISM THE RED CARD

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SHOW RACISM THE RED CARD

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. In this regard, our procedures include the following:

Because of the field in which the charity operates, we have identified the following areas as those most likely to have a material impact on the financial statements: Health and Safety; Employment Law; and compliance with the Companies and Charities Acts.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Liley (Senior Statutory Auditor) for and on behalf of Read, Milburn & Co Chartered Accountants and Statutory Auditor 71 Howard Street North Shields Tyne and Wear NE30 1AF

27 February 2024

Page 12

SHOW RACISM THE RED CARD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2023

Unrestricted
fund
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
308,964
Charitable activities
4
National
372,769
North East England
37,576
North West England
106,826
Scotland
9,935
Southern England
71,025
Wales
52,419
Investment income
3
2,140
Other income
450
Total
962,104
EXPENDITURE ON
Charitable activities
5
National
485,467
North East England
98,929
North West England
97,231
Scotland
75,455
Southern England
133,005
Wales
28,194
Total
918,281
NET INCOME/
(EXPENDITURE)
43,823
RECONCILIATION OF
FUNDS
Total funds brought forward
942,257
TOTAL FUNDS
CARRIED FORWARD
986,080		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
280,000
20,000
45,000
40,000
-
16,000
401,000
(401,000)
755,622
354,622		 Restricted
funds
£
-
-
92,580
44,470
8,600
14,240
197,130
-
-
357,020
-
92,580
44,470
8,600
14,240
197,130
357,020
-
-
-		 2023
Total
funds
£
308,964
372,769
130,156
151,296
18,535
85,265
249,549
2,140
450
1,319,124
765,467
211,509
186,701
124,055
147,245
241,324
1,676,301
(357,177)
1,697,879
1,340,702		 2022
Total
funds
£
482,056
371,522
152,211
61,944
55,346
98,612
219,937
128
1,263
1,443,019
496,549
184,671
76,222
124,991
131,990
215,191
1,229,614
213,405
1,484,474
1,697,879

The notes form part of these financial statements

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SHOW RACISM THE RED CARD (REGISTERED NUMBER: 05834708)

BALANCE SHEET 31 MAY 2023

Notes
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds
TOTAL FUNDS		 2023
£
150,578
1,544,791
1,695,369
(354,667)
1,340,702
1,340,702
1,340,702
1,340,702
1,340,702		 2022
£
90,067
2,126,556
2,216,623
(518,744)
1,697,879
1,697,879
1,697,879
1,697,879
1,697,879

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 February 2024 and were signed on its behalf by:

Mr N S Hislop - Chair

The notes form part of these financial statements

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SHOW RACISM THE RED CARD

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MAY 2023

Notes
Cash flows from operating activities
Cash generated from operations
19
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2023
£
(583,905)
(583,905)
2,140
2,140
(581,765)
2,126,556
1,544,791		 2022
£
361,731
361,731
128
128
361,859
1,764,697
2,126,556

The notes form part of these financial statements

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest Pound (£).

Going Concern

The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.

Income

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants is recognised when the charity has entitlement to the funds, any performancattachedons atttgrantto the granst have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.

Allocation and apportionment of costs

Expenditure which is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Trade and other debtors (including prepayments) are recognised at the settlement amount due or amount prepaid).

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors (including accruals and deferred income) are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount

Financial instruments

All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2023 2022
£ £
Donations 308,964 482,056

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

3. INVESTMENT INCOME

Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
National
£
Sales, workshop and sponsorship
65,269
Grants
307,500
372,769
Southern
England
£
Sales, workshop and sponsorship
71,025
Grants
14,240
85,265		 North
East
England
£
37,576
92,580
130,156
Wales
£
52,419
197,130
249,549		 2023
£
2,140
North
West
England
£
106,826
44,470
151,296
2023
Total
activities
£
343,050
664,520
1,007,570		 2022
£
128
Scotland
£
9,935
8,600
18,535
2022
Total
activities
£
351,024
608,548
959,572

4. INCOME FROM CHARITABLE ACTIVITIES

Grants received, included in the above, are as follows:

Grants received, included in the above, are as follows:
Trade union grants
PFA
Local council grants
Football Association of Wales
Welsh Government
Police and Crime Commissioner grants
Welsh Local Government Association
Other grants		 2023
£
148,000
50,000
69,650
-
53,945
55,000
82,685
205,240
664,520		 2022
£
122,000
50,000
99,364
21,000
-
63,267
36,780
216,137
608,548

continued...

Page 18

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
National
North East England
North West England
Scotland
Southern England
Wales		 Direct
Costs (see
note 6)
£
412,534
150,596
119,208
85,420
84,455
173,708
1,025,921		 Support
costs (see
note 7)
£
352,933
60,913
67,493
38,635
62,790
67,616
650,380		 Totals
£
765,467
211,509
186,701
124,055
147,245
241,324
1,676,301

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Postage and stationery
Travel and expenses
Resources
T-Shirts, badges etc
Video production
Launches
Printing costs
Sessional workers fees
Accommodation
Recruitment
Staff training
Evaluation
Marketing and communication		 2023
£
632,449
19,855
88,612
3,805
18,388
-
16,798
53,430
115,128
14,548
5,226
5,390
30,168
22,124
1,025,921		 2022
£
430,819
13,361
533
638
42,103
1,200
13,416
17,209
98,832
8,358
5,653
6,404
6,000
45,361
689,887

continued...

Page 19

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

7. SUPPORT COSTS

SUPPORT COSTS
Management
and
Governance
administration
costs
£
£
National
320,516
32,417
North East England
60,913
-
North West England
67,493
-
Scotland
38,635
-
Southern England
62,790
-
Wales
67,616
-
617,963
32,417		 Totals
£
352,933
60,913
67,493
38,635
62,790
67,616
650,380

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Operating leases - premises		 2023
£
3,696
47,886		 2022
£
3,690
31,100

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.

Trustees' expenses

During the year 1 (2022 - 4) trustee was reimbursed for out-of-pocket expenses totalling £42 (2022 - £704).

continued...

Page 20

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2023
£
1,007,496
82,559
46,007
1,136,062		 2022
£
794,774
65,524
39,493
899,791

The average monthly number of employees during the year was as follows:

Direct charitable expenditure
Management and administration		 2023
3
37
40		 2022
32
3
35

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000 2023
2		 2022
-

The key management personnel, including the trustees, are listed under Reference and Administrative Details. The total employee benefits (including Social Security costs) of the key management personnel were £315,246 (2022 - £306,771).

Included within Staff Costs is an ex gratia termination payment of £36,294, the amount was settled in full during the accounting period.

continued...

Page 21

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Designated
Restricted
fund
funds
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
482,056
-
-
Charitable activities
National
371,522
-
-
North East England
51,911
-
100,300
North West England
41,377
-
20,567
Scotland
13,146
-
42,200
Southern England
84,533
-
14,079
Wales
69,025
-
150,912
Investment income
128
-
-
Other income
1,263
-
-
Total
1,114,961
-
328,058
EXPENDITURE ON
Charitable activities
National
496,549
-
-
North East England
84,371
-
100,300
North West England
55,655
-
20,567
Scotland
82,791
-
42,200
Southern England
117,911
-
14,079
Wales
64,279
-
150,912
Total
901,556
-
328,058
NET INCOME
213,405
-
-
Transfers between funds
(199,702)
199,702
-
Net movement in funds
13,703
199,702
-
RECONCILIATION OF FUNDS
Total funds brought forward
928,554
555,920
-
TOTAL FUNDS CARRIED
FORWARD
942,257
755,622
-		 Total
funds
£
482,056
371,522
152,211
61,944
55,346
98,612
219,937
128
1,263
1,443,019
496,549
184,671
76,222
124,991
131,990
215,191
1,229,614
213,405
-
213,405
1,484,474
1,697,879

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2023
£
150,578
2023
£
5,907
18,913
12,758
317,089
354,667		 2022
£
90,067
2022
£
14,587
16,721
10,237
477,199
518,744

Deferred Income

Included within Accruals and Deferred Income are the following amounts comprising income received in advance of delivery of the related services or expenditure incurred.

Balance at 1 June 2022
Released to donations and legacies
Released to income from charitable activities

Amount deferred in year
Balance at 31 May 2023		 £
473,509
(23,547)
(449,962)
313,393
313,393

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year 2023
£
10,347		 2022
£
9,939

continued...

Page 23

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current assets
Current liabilities
16.
MOVEMENT IN FUNDS		 Unrestricted
fund
£
1,171,521
(185,441)
986,080
 Designated
funds
£
354,622
-
354,622		 Restricted
funds
£
169,226
(169,226)
-		 2023
Total
funds
£
1,695,369
(354,667)
1,340,702		 2022
Total
funds
£
2,216,623
(518,744)
1,697,879
At 1/6/22
£
Unrestricted funds
General fund
942,257
Designated funds
755,622
1,697,879
TOTAL FUNDS
1,697,879
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
962,104
Designated funds
-
962,104
Restricted funds
Regional Funding: NE England
92,580
Regional Funding: North West
44,470
Regional Funding: Scotland
8,600
Regional Funding: Southern England
14,240
Regional Funding: Wales
60,500
Welsh Government
53,945
Welsh Local Government Association
82,685
357,020
TOTAL FUNDS
1,319,124		 Net
movement
in funds
£
43,823
(401,000)
(357,177)
(357,177)
Resources
expended
£
(918,281)
(401,000)
(1,319,281)
(92,580)
(44,470)
(8,600)
(14,240)
(60,500)
(53,945)
(82,685)
(357,020)
(1,676,301)		 At
31/5/23
£
986,080
354,622
1,340,702
1,340,702
Movement
in funds
£
43,823
(401,000)
(357,177)
-
-
-
-
-
-
-
-
(357,177)

continued...

Page 24

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 At 1/6/21
£
928,554
555,920
1,484,474
1,484,474		 Net
movement
in funds
£
213,405
-
213,405
213,405		 Transfers
between
funds
£
(199,702)
199,702
-
-		 At
31/5/22
£
942,257
755,622
1,697,879
1,697,879

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Regional Funding: NE England
Regional Funding: North West
Regional Funding: Scotland
Regional Funding: Southern England
Regional Funding: Wales
Welsh Local Government Association
TOTAL FUNDS		 Incoming
resources
£
1,114,961
100,300
20,567
42,200
14,079
114,132
36,780
328,058
1,443,019		 Resources
expended
£
(901,556)
(100,300)
(20,567)
(42,200)
(14,079)
(114,132)
(36,780)
(328,058)
(1,229,614)		 Movement
in funds
£
213,405
-
-
-
-
-
-
-
213,405

Designated funds

The trustees have designated reserves such that only those amounts freely available for expenditure are within the general fund. At the balance sheet date, designated funds were made up as follows.

Emergency Fund
Core Costs Fund
NW Development Fund
Regional Projects		 2023
£
245,622
-
-
109,000
354,622		 2022
£
245,622
280,000
30,000
200,000
755,622

continued...

Page 25

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

16. MOVEMENT IN FUNDS - continued

Restricted funds

Restricted funds relate to specific projects or funding provided for a specific geographical area.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2023.

18. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

19. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Interest received
Increase in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 2023
£
(357,177)
(2,140)
(60,511)
(164,077)
(583,905)		 2022
£
213,405
(128)
(1,392)
149,846
361,731

20. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1/6/22
£
2,126,556
2,126,556
2,126,556		 Cash flow
£
(581,765)
(581,765)
(581,765)		 At 31/5/23
£
1,544,791
1,544,791
1,544,791

continued...

Page 26

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023

21. LEGAL STATUS

Show Racism the Red Card is a company limited by guarantee, registered in England and Wales and has no share capital. The company's registered number and registered office address can be found within Reference and Administrative Details.

The liability of each member is limited to a sum not exceeding £1, being the amount that each Member undertakes to contribute to the assets of the Charity in the event of it being wound up while that person is a Member of within one year after that person ceases to be a Member, for payment of the Charity’s debts and liabilities incurred before that person ceases to be a Member, payment of the costs, charges and expenses of winding up, and adjustment of the rights of the contributories amongst themselves.

Page 27