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← Show Racism The Red Card

2024-05-31-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 2024

FOR

SHOW RACISM THE RED CARD

Read, Milburn & Co Chartered Accountants and Statutory Auditors 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 2024

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 2024

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 2024. 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) founded in late 1995, dedicated to combating racism through education.

SRtRC leverages the prominent status of professional footballers to create engaging and accessible educational resources, such as films and interactive activities.

In addition to films, the charity produces posters in collaboration with football clubs, magazines, and a wide variety of educational materials. It also organises educational events for young people at football and other sports clubs across the UK.

Each year, SRtRC hosts UK-wide anti-racism school competitions, encouraging young people to express their creativity through poetry, artwork, music, short stories, or films.

In Scotland, Wales, the North East, North West, and South of England, teams of education workers deliver anti-racism educational activities directly to young people and adults in schools.

In recent years, the charity has expanded its reach by moving some educational content online and increasing the number of adults and workplaces benefiting 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 2024

ACHIEVEMENT AND PERFORMANCE

This year has been one of rebuilding and expanding our efforts following the challenges of the pandemicaffected years.

In March 2023, we celebrated the incredible milestone of engaging over 1 million people through our educational programmes. Building on this achievement, we continued to expand our reach, educating 51,867 young people and 11,027 adults in anti-racism workshops during the calendar year of 2023 alone.

Wear Red Day also achieved record-breaking success, with an astounding 615,000 people participating by wearing red and promoting an anti-racism message. While participation reached new heights, the cost-of-living crisis inevitably impacted donations, with the average text donation decreasing from £4.22 in 2022 to £3.12.

As an organisation, we have operated without UK Government funding for some years, and it is a testament to our resilience that we have not only survived but also grown the campaign during this time. However, with many of our current funders facing budget cuts, balancing our internal finances is becoming increasingly difficult. Following last year's General Election, we hope that the current UK Government will recognise the value of, and commit to investing in, anti-racism education.

One of the main strategic goals of SRtRC is to get our anti-racism resources into every school in the UK. The launch of the SRtRC Education Hub in January 2023 brought us closer to achieving this goal than ever before. There are now over sixty different lessons on the Hub and a hugely impressive 21,000 subscribers. With the rise of islamophobia and antisemitism, these new materials are key resources for schools. The SRtRC Education Hub has had 126,000 site visits and 35,000 lessons accessed in 12 months. It is estimated that based on an average of thirty pupils per lesson, an incredible one million students have benefitted from lessons on the SRtRC Education Hub.

This has been a crucial period for standing up against racism and reclaiming the narrative around immigration. Show Racism the Red Card alongside IMIX and Migrant Voice launched a campaign entitled "Migration. Making Britain Great" and we recognise that work around promoting the benefits of immigration is vital to combating the growth of racism.

As a charity we are calling for anti-racism education to be embedded into the National Curriculum and we have taken the Welsh Government's example into the UK Parliament via our All Party Parliamentary Group. The change in Government gives us hope that we may see a new Government Strategy to promote community cohesion and actively combat racism through anti-racism education. Show Racism the Red Card have 28 years experience of delivering anti-racism education and in line with our Strategic Plan 2024-2027, we will continue to offer our services to the Government with the aim of creating a more united and inclusive society.

As we step into the upcoming Financial Year with our growing, skilled, and knowledgeable team, we are fuelled by a steadfast commitment to addressing racism on a meaningful scale. Our dedication to working collaboratively with partners to achieve our goals remains unwavering, and we warmly welcome new allies to join us in amplifying our collective impact.

We extend our heartfelt gratitude to everyone who has supported our mission, with special recognition for the remarkable efforts of the SRtRC staff team. Despite navigating difficult times and challenges, their unwavering passion and enthusiasm for anti-racism education shine through in every aspect of our work.

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024

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 Wear Red Day 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 2024 was £1,326,703 (2023 - £1,319,124) whilst Expenditure was £1,672,226 (2023 - £1,676,301).

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, 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, 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.

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.

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

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 and Regional Projects funds. Those designated funds stand at £287,228 (2023 - £354,622), true reserves amount to £707,951 (2023 - £986,080).

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024

FUTURE PLANS

The year ahead

Our top priorities moving forward in these challenging economic times are preserving the organisation's core focus on anti-racism education and supporting our dedicated staff team. Alongside these priorities, we are committed to driving growth and development in several key areas:

Strategic Priorities 2024 - 2027

The Board of Trustees, the Executive and the Senior Management Team (SMT) will ensure that during the period January 2024 - December 2027, the organisation will focus on working towards three key objectives.

During this period, we will meet our three key strategic objectives by working:

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024

FUTURE PLANS - continued

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.

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

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 rests with the Chief Executive along with the Director of Operations, Director of HR & Support Services - the Executive Team

The Offices in Scotland and Wales are operated on a day-to-day basis by the Scottish and Welsh Campaign Managers respectively. Regional activities in England are overseen by the Regional Manager for the South, Regional Manager for the North West and Education Manager North East.

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, Communications, 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.

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT - continued

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.

Pay policy for senior staff

The Board of Directors (who are the Trustees), and the Executive 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 Assurance Sub-Committee (ASC) to oversee Finance and Risk Management. The ASC has developed a Risk Register, which is reviewed during meetings.

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

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024

REFERENCE AND ADMINISTRATIVE DETAILS - continued

Management Committee Mish Rahman (Chair) Alexandra Mayer (Co-Vice Chair) Patrick Cozier (Co-Vice Chair)

Shaka Hislop Susan Abbott Samantha Dennis Helen Watson Daniel Mills Foluke Akinlose Ericka Williams Kyle Hudson Ranjit Singh Dol Ravishaan Rahel Mutiah Martin Lightfoot Christine Blower Retired 30 June 2023 Senior Management Team Chief Executive Ged Grebby Director of Operations Paul Kearns Director of HR & Support Services Simone Doyle Campaign Manager Wales Dean Pymble Campaign Manager Scotland Baljinder Singh (from October 2023) Education Manager North East Sue Schofield (until September 2023) Emily Stobart (from October 2023) Regional Managers for the South Martina Barton & Paul Hill Regional Manager for the North West Keziah Major Communications Manager Alison Allan (until August 2023)

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).

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SHOW RACISM THE RED CARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

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:

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 4 February 2025 and signed on its behalf by:

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Mr M M Rahman - Chair

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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 2024 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 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.

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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.

Kyssoc_

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

25 February 2025

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SHOW RACISM THE RED CARD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2024

Unrestricted
fund
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
179,402
Charitable activities
4
National
387,286
North East England
81,055
North West England
81,158
Scotland
44,547
Southern England
85,018
Wales
87,198
Investment income
3
5,815
Other income
10,510
Total
961,989
EXPENDITURE ON
Charitable activities
5
National
640,297
North East England
128,475
North West England
94,395
Scotland
120,738
Southern England
112,449
Wales
102,158
Total
1,198,512
NET
INCOME/(EXPENDITURE)
(236,523)
Transfers between funds
16
(41,606)
Net movement in funds
(278,129)
RECONCILIATION OF
FUNDS
Total funds brought forward
986,080
TOTAL FUNDS
CARRIED FORWARD
707,951		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
20,000
25,000
-
40,000
24,000
109,000
(109,000)
41,606
(67,394)
354,622
287,228		 Restricted
funds
£
-
26,991
121,012
37,300
1,800
13,680
163,931
-
-
364,714
26,991
121,012
37,300
1,800
13,680
163,931
364,714
-
-
-
-
-		 2024
Total
funds
£
179,402
414,277
202,067
118,458
46,347
98,698
251,129
5,815
10,510
1,326,703
667,288
269,487
156,695
122,538
166,129
290,089
1,672,226
(345,523)
-
(345,523)
1,340,702
995,179		 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)
-
(357,177)
1,697,879
1,340,702

The notes form part of these financial statements

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SHOW RACISM THE RED CARD (REGISTERED NUMBER: 05834708)

BALANCE SHEET 31 MAY 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 12 114,599 150,578
Cash at bank 1,193,684 1,544,791
1,308,283 1,695,369
CREDITORS
Amounts falling due within one year 13 (313,104) (354,667)
NET CURRENT ASSETS 995,179 1,340,702
TOTAL ASSETS LESS CURRENT
LIABILITIES 995,179 1,340,702
NET ASSETS 995,179 1,340,702
FUNDS 16
Unrestricted funds 995,179 1,340,702
TOTAL FUNDS 995,179 1,340,702

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 4 February 2025 and were signed on its behalf by:

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Mr M M Rahman - 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 2024

Notes
Cash flows from operating activities
Cash generated from operations
18
Net cash used in 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		 2024
£
(356,922)
(356,922)
5,815
5,815
(351,107)
1,544,791
1,193,684		 2023
£
(583,905)
(583,905)
2,140
2,140
(581,765)
2,126,556
1,544,791

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 2024

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 (£).

Going Concern

The trustees recognise that recent results have depleted the charity's reserves and acknowledge that a further deficit is expected for the coming financial year.

Post-year-end, the trustees have implemented a deficit reduction strategy including the development of additional revenue streams, a policy of not re-recruiting vacated posts without a valid business case, fixed-term contracts for any new recruits, and exploring cost savings through the consolidation of certain regional activities.

As a result of these efforts, post-year-end results are much improved and the trustees are optimistic of a return to a break-even position within the next 12 months which the charity has adequate reserves to support.

In the opinion of trustees, given the steps taken and the results to date, no material uncertainties exist about the charity's ability to continue for the foreseeable future and the financial statements are accordingly prepared on the going concern basis.

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, the amount can be measured reliably and in the case of income from government and other grants, any attached performance conditions have been met.

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 costs 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.

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

1. ACCOUNTING POLICIES - continued

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.

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.

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
National
£
Sales, workshop and sponsorship
75,202
Grants
339,075
414,277
Southern
England
£
Sales, workshop and sponsorship
85,018
Grants
13,680
98,698
Grants received, included in the above, are as follows:		 North
East
England
£
81,055
121,012
202,067
Wales
£
87,198
163,931
251,129
Trade union grants
PFA
Local council grants
Football Association of Wales
Welsh Government
Police and Crime Commissioner grants
Welsh Local Government Association
Other grants		 2024
£
192,917
70,000
50,000
13,500
94,064
55,000
-
201,317
676,798		 2023
£
148,000
50,000
69,650
-
53,945
55,000
82,685
205,240
664,520

continued...

Page 18

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
National
North East England
North West England
Scotland
Southern England
Wales		 Direct
Costs (see
note 6)
£
357,850
194,437
98,432
66,825
123,967
216,101
1,057,612		 Support
costs (see
note 7)
£
309,438
75,050
58,263
55,713
42,162
73,988
614,614		 Totals
£
667,288
269,487
156,695
122,538
166,129
290,089
1,672,226

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Postage and stationery
Travel and expenses
Resources
T-Shirts, badges etc
Launches
Printing costs
Sessional workers fees
Accommodation
Recruitment
Staff training
Evaluation
Marketing and communication		 2024
£
727,044
38,557
80,561
8,400
15,523
22,267
28,250
100,556
11,113
1,363
1,251
-
22,727
1,057,612		 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

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

7. SUPPORT COSTS

SUPPORT COSTS
Management
and
Governance
administration
costs
£
£
National
299,431
10,007
North East England
75,050
-
North West England
58,067
196
Scotland
55,487
226
Southern England
41,856
306
Wales
73,988
-
603,879
10,735		 Totals
£
309,438
75,050
58,263
55,713
42,162
73,988
614,614

8. NET INCOME/(EXPENDITURE)

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

Auditors' remuneration
Operating leases - premises		 2024
£
3,810
35,471		 2023
£
3,696
47,886

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.

Trustees' expenses

During the year 5 (2023 - 1) trustees were reimbursed for out-of-pocket expenses totalling £402 (2023 - £42).

continued...

Page 20

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
1,099,365
98,502
54,572
1,252,439		 2023
£
1,007,496
82,559
46,007
1,136,062

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

Direct charitable expenditure
Management and administration		 2024
37
3
40		 2023
3
37
40

No employees received emoluments in excess of £60,000.

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 £347,159 (2023 - £315,246).

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Designated
Restricted
fund
funds
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
308,964
-
-
Charitable activities
National
372,769
-
-
North East England
37,576
-
92,580
North West England
106,826
-
44,470
Scotland
9,935
-
8,600
Southern England
71,025
-
14,240
Wales
52,419
-
197,130
Investment income
2,140
-
-
Other income
450
-
-
Total
962,104
-
357,020
EXPENDITURE ON
Charitable activities
National
485,467
280,000
-
North East England
98,929
20,000
92,580
North West England
97,231
45,000
44,470
Scotland
75,455
40,000
8,600
Southern England
133,005
-
14,240
Wales
28,194
16,000
197,130
Total
918,281
401,000
357,020
NET INCOME/(EXPENDITURE)
43,823
(401,000)
-
RECONCILIATION OF FUNDS
Total funds brought forward
942,257
755,622
-
TOTAL FUNDS CARRIED
FORWARD
986,080
354,622
-		 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

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

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		 2024
£
114,599
2024
£
12,173
42,969
24,065
233,897
313,104		 2023
£
150,578
2023
£
5,907
18,913
12,758
317,089
354,667

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 2023
Released to donations and legacies
Released to income from charitable activities

Amount deferred in year
Balance at 31 May 2024		 £
313,393
(21,000)
(277,813)
230,507
245,087

14. LEASING AGREEMENTS

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

Within one year 2024
£
7,636		 2023
£
10,347

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current assets
Current liabilities
16.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 Unrestricted
fund
£
1,021,055
(313,104)
707,951
 Designated
funds
£
287,228
-
287,228
At 1/6/23
£
986,080
354,622
1,340,702
1,340,702		 Restricted
funds
£
-
-
-
Net
movement
in funds
£
(236,523)
(109,000)
(345,523)
(345,523)		 2024
Total
funds
£
1,308,283
(313,104)
995,179
Transfers
between
funds
£
(41,606)
41,606
-
-		 2023
Total
funds
£
1,695,369
(354,667)
1,340,702
At
31/5/24
£
707,951
287,228
995,179
995,179

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated funds
Restricted funds
Regional Funding: NE England
Regional Funding: North West
Regional Funding: Scotland
Regional Funding: Southern England
Regional Funding: Wales
Welsh Government
Arts Council England
TOTAL FUNDS		 Incoming
resources
£
961,989
-
961,989
121,012
37,300
1,800
13,680
69,867
94,064
26,991
364,714
1,326,703		 Resources
expended
£
(1,198,512)
(109,000)
(1,307,512)
(121,012)
(37,300)
(1,800)
(13,680)
(69,867)
(94,064)
(26,991)
(364,714)
(1,672,226)		 Movement
in funds
£
(236,523)
(109,000)
(345,523)
-
-
-
-
-
-
-
-
(345,523)

continued...

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SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated funds
TOTAL FUNDS		 At 1/6/22
£
942,257
755,622
1,697,879
1,697,879		 Net
movement
in funds
£
43,823
(401,000)
(357,177)
(357,177)		 At
31/5/23
£
986,080
354,622
1,340,702
1,340,702

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

Unrestricted funds
General fund
Designated funds
Restricted funds
Regional Funding: NE England
Regional Funding: North West
Regional Funding: Scotland
Regional Funding: Southern England
Regional Funding: Wales
Welsh Government
Welsh Local Government Association
TOTAL FUNDS		 Incoming
resources
£
962,104
-
962,104
92,580
44,470
8,600
14,240
60,500
53,945
82,685
357,020
1,319,124		 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)		 Movement
in funds
£
43,823
(401,000)
(357,177)
-
-
-
-
-
-
-
-
(357,177)

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
Regional Projects		 2024
£
287,228
-
287,228		 2023
£
245,622
109,000
354,622

continued...

Page 25

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

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 2024.

18. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Interest received
Decrease/(increase) in debtors
Decrease in creditors
Net cash used in operations		 2024
£
(345,523)
(5,815)
35,979
(41,563)
(356,922)		 2023
£
(357,177)
(2,140)
(60,511)
(164,077)
(583,905)

19. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank
Total		 At 1/6/23
£
1,544,791
1,544,791
1,544,791		 Cash flow
£
(351,107)
(351,107)
(351,107)		 At 31/5/24
£
1,193,684
1,193,684
1,193,684

continued...

Page 26

SHOW RACISM THE RED CARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2024

20. 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