Rights & Equality Sandwell (A Company Limited by Guarantee) Annual Report and Financial Statements Year ended 31 marc.h 2021 Charity number: 1122030 Company Number: 05145052 Feltons Chartered Accountants Birniingham B13JR *OAIXCZLL' 0811212021 COMPANIES HOUSE
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Rights & Equality Sandwell IA Company Limited by Guarantee} Report and financial statements Year ended 31 March 2021 Co"ntents Page Referen¢e and administrativé details Réport of thè trustees Independent E.xaminerfs report on the financial slatemenls Statement of financial activities incorporating income & expendilure account Balan sheet Cash fl¢JW Statement 10 Notes forming part of the financial statements, incorporating =. Statement of accounting t)olicies Other notes to the financial statements 14
Rights & Equality Sandwell IA" Company Limited by Guarantee) Reference and Administrative Details Chaii Ann E Lleweltyn Trustee5 Abdulga¢Jir Ali Nargis Bosian Ann E Llewellyn Davw)der Ka Key management personnel P Panesar Chief Execltrtive Registered office Wloria Pafk Skn"Ils Centre Corbett Street Smethwick 866 3PU Chanty number 1122030 ompany registration number 05145052 Independent auditor Femons 8 SovereRJn Court 8 Grahain Streèl Birmingham 81 Bankers Co-operative Bank plc Head Office 18alloon stet Manthe5ler M60 4EP So1110rs Sy¢&ièy Milcheu Solicit5 Apsley House 35 Watefloo Slreet Birmingham 82 5TJ
Righls & Equality Sandwell IA Company Limited by Guarantee Report of the trustees Year ended 31 March 2021 SMBC Grant- 6 months RES was provided a six monlh grant lo continue to support partnership 8ciivity Invo1n9 the local authority. police and voluntary and community sector organisalions. This was compleled during the pandemic ensuring that health and social justice stakeholders undersloo"d the eqijality impli¢abons of Iheir work and engage<l with Sandwell's iJiver5e communilies lo understand their priorilies and sel actions lo address spec[f needs. These efforts led lo a Shiehd project being funded by the National Lollery Community Fund. Shleld Project The Project was delivered by a newly appointed tèam of community advisers whose rok was lo faciliiate ground level aclivity between partners ID work lowards safeguarding all people from Covid- 19 infections, WI particular efforts lo target Afriean. Caribbean. Asian and Eastern European communities and to remove dispr0portiorle adverse impacts on Ihese population groups. The team delivered their wofk building strong links with l¢xal sidentS. business and retail ouuets. as well as health. education and communty sectors to support the stayirbg safe campaign an(J responding additional challenges such as diiectly interfaung with ¢ommuniDes exdudeLI through digital a¢$$ and lack ol familiarity ol essentiil seTri¢es such as loodbanks and other welfare support. Women's Empowemient Group IWEMI The Women'5 empowerment Group IWEMI was gaining momentum just before the pandemK bck dow%) periods. The Purchase from regular meetings through which concerns were shared, involvement and ideas was to bring about changes to improve choice and opportunity for women. Plans were pul in place to" host a Women's summtl at whth vision slalements were to be put to local official?, de¢i5ion makers and 5tskeholdefS lo identify acts.ons and pledge5 aimed al impro)ving women's life opportunities_ LkdOWn and ieoiganisalion of prioribe5 for the women representatives and participants involved in this work pVented implen*nialion of this plan. The ideas were taken lo Women's First Grcwp Whe a successfvl granl applicalioii was made lo facilitate this work when permissrble. Neh¥orking and partnerships The Shield and WEM staff played an instrumental part across 3 range of eorkS lo keep at the loreliont concerns of local people. feeoback and community involyemenl In the co-de51gn of health, SOCTr31 care. education and other social justice measures_ These included the following". Sandwell Ne¥OrkS Group- luming conneciions into actions Publ Health and Faith Leaders Steering Group- being apprised of key nalional and l¢xal covid-19 related devdopmenls Maternity Engagement Action - working with the Afvican Health Policy Neork lo develop aelions removing inequalities in maternity Ca and nghls Sandwell Inlegrdted Care Partner5hip- transilvjn of health and social care provison across the regvjn Hale Crime Partnership group- critKal reflectton arKI peer review of Ihi(d paty reporting measure5 Page 2
Right$ & Equality Sandwell (A Company Limited by Guarantee) Report of the trustee5 Year ended 31 March 2021 Complainant aid casework and social inlustice clinlcs Continued provision ol advice, aid and assislan¢e lo the m051 vulnerable, across a range of soci81 care and welfare aas, employment. education and community safety and Incidents ol discrsmination and hale iheloric. Structural inequaltties and insight work RES Secured a small grant through the Naltonal Loitery to work wlh six local community organisabons, invofving nearly 250 participants. lo gather InSh. into the pandemic and 115 impact on different communib'es_ The methodology inVoed direcl discussiS with usecs of Servi5. questionnaires, focus group acts.vity and survey instruments_ Crime, drugs and alcohol use, concerns about rise in anli-%)cFal beh3viour Ltxkdown communicats'ons We more effective wlh young people in comparison with adults and older people," allhou9h education and home leaming rawj difficulties a5 3 consequence of digital poverty and illileiacy Many people stayed al home during the pandemi¢ heighlening incidents of alienab.on and significant need lor mentsl health inte1ventnS and investment Accessing GPS and health care servKes was very problemab. Evidence of 5tJgma and dIrirrUnatiOn against Black, Asw. and central and eastem European communities Fil for Pufpose reSoUS needed lo support recovery. partKulafty to femove dispropo"0nate impacts on certain ethn groups and disabled pecs)le. Our aspiration was lo use this wide rangin9 in1omiatn. Pfesenting the views and interests ol respondents and participants to CODrdFnale aciivity between partners in an atiempl lo overcome adverse impacts of covid19 and supw)rt reintegrabon and voices of the most vulnerable people into all aspects ol recovery work achieving the grealest possibSe impact where il matters most This included largeling finoncial support. empbyment types. undertying health conditions, hoLtsing types. civic participation and improving Connectedness an<J sense of belonging wilh Sandwell. Future plans The impact of loss of fvnding has been sKJnrficanl on RES. Efforts for ihe eoming year will be to focus ineome generation acb"vity. This will include a mix of small and medium lo longer temi funding initiatives. RES'S continued efforts working with k)cal people and services has hi9hlighled there is much lo be done io address slruclural ineoualities and the di5propothnale impacts of thè pandemic on diffRrenl protècted characterislic groups. Recovery work designing services lo come logether lo work holistically. working in partnership with communities with the lived experierKe and rebuilding trust and confidence in public services is essenb"al. RES will exploie pathways lo secure new aieas ol fundin9 and partner5hip5 10 aid these efforts. Board of Trustees 2021 Paje 3
Rights & Equality Sandwell IA Cornpany Limited by Guarantee) Report of the trustees (continued) Year gnded 31 March 2021 Investment Policy The Iruslees have kept available (uThJs on dep95it *ryth C¢Fopernbve BaN( ptc. The invesled fuThYs achieved a average interest rate of 0.12%. Resèrves polrcy and gorng con¢em Reserves e npeded 10 bridge thè gap behyeen the spending and recei¥ThJ of income and to eover unplanned requirements. The trustees cOnser that the eal level of reserves is 6 month5. Plans for future periods As Ihis report highltghts there is much that remains to be done. 11 is encouraging that RES iemains al the fofefronls to challenge unfasme5s, inequalities and lensions. Each section above highligh15 the range and scope ol RES'S acti'eS an¢J the key challenges that we will continue to addre$5 in the short and long lern It Is essential that we address the causes. culture and drTvers that ppetUate disadvanta9e5. exclUsn an(1 dhsen9a9emenl for many people. These inequalities are of significant concem for RES and we will contiwe to stretch new tar9ets lo U¢e all torm$ of disadvantage and discrimination. Structure. Goveman¢e arid Management Governing docufflent RtiJhts & Equality Sanell is a company h'rrmted by guarantee wemed by its Memorandum ar Athdes of Association dated 2 June 2004 wAth subsequent amendments and 1$ regisled as a ¢harty wlh the Charity Commission. There are currently 15 members, each of whom agrees to contnbute £1 ¥) the event ol the chanty winding up. Membership is open io professK)nals from the public, wvate and thir¥J sector. Appointment of trustses As set wt in the ArticlE5 OF Associatth new trvstee5 a appointed by the board of truslees after apptying to the company Sn the fom) required by Ihe trv51ees and after bpin9 approved by Ihe board of truslees. Trusteè induclion and trainlng New truskes are briefed their legal obligalions under charity and compariy law and Ihe Charity Commission guidance on publi¢ benefit. and afe inforned ol the content of Ihe Memofandum and AJtides ol Association. the committee and deo&on-maknng proGe55es. thè INJsiness plan and the recent fiftan(id perfornwe of the charity. Organisation The board of tryslee5, which can have up lo 15 members. admtnisiers the charty. The boar¢ nomally meet5 quarterly. A Chief Executive is appointe(J by Ihe trustees io mana9e ihe day-lo-day operations ol the charity. To facilitate effective operatitsns. the Chief ExecutNe ha5 delegated auihority. wthrn lerms of delegation approved by the Iru5tees. for operational matters includiThJ finare aThJ general purposes_ Page 4
Rights & Equality Sandwell IA Company Limited by Guarantee) Report of the trustees Icontinuedl Year ended 31 March 2021 Related parties and co-operation with other ofganisations None of our trustees receive remuneration or other benefit from their work th ffte charity. Any connection beeen Injstee or sènior manager ol the charitywith 3 client or SUPFAier rwst be disc105ed to the full board of trustees in the same way as any oiher contracluJ ielationship wth a relaled party. Related party transactions in the curient year are described in note 16 to the aeeounts. Pay policy for sei)ior siaff The board ol directors. who are the Tru5fs Iruslees. and the senior managernenl team together comwi5e the key management personnel ol the charity in charge of dirècting ar operattng Ihe ttusl on a day to day basis. No director received remuneration in the year arKI delarls of direclois. expenses and rdated pariy transxlion5 a disclosed in note 7 to the accounts. The pay of senior staff ts leeWed 3nThj¢Y and nomalty increased in accofdance Mth average eamings. Risk managernent The trustees have a risk management policy vthch comprise5 . an annual review of the principal risks an¢J uncertainties that the charity faces.. the estats4ishment ol ple$, systems. ar tiCedureS to mibgate fvse iisks identified in the. annual review4 and the implemenlaticn of Procedu egned to mibgate or manage any FKJlential impact on the charity should those risks materialise. This work has iosenbfied that financia sustainabty ts the mior finanoal risk for Ihe chwity.. Key elements in the manag8ment of financial risk are a regular reeW of available liqukd funds to settle debts as they fall due. iegulai liatson wilh the bank, and active managemenl ol operaDonal debtor and Credit balarkces to ensure 5Ltfficienl working capital by the TWSL Attention has a150 been foci155ad on non-financial r$ 3ri5w¥J fvorn hèalth and safety. These risks are managed by ensuring accreditation is LP to date, havirKJ robust poltcies in pl. and regular awareness trair•ng for 51aif VrkIng these operationa! area5. Tru5tees' resp¢)n5ibilities in relation lo the financial Statements The charity trustees {who are a150 the directors of Ihe charitae company for the purposes of company lawl are responsible lor prepa¥ing the TnJ51ees' Report"and"the finan0 5tatemenis in accortjance with applicable law and United Kingdom Accounting Staftdard5 Iuniled Kingdom Generally Accepted Accounting PraGtKel_ Company Ipw requires the trustees to wepare finanoal staterr*nts for each finaroal year vthich give a and fa view of the Stale of affairs or the charrtable cornpany and ol tts incombrvJ resources and application of resource5. including its inc(¥ne and expenditure for that perityj. In Fxepamg these financial 51atements. the Injstees are required to". select suitable accountin9 policies and Ihen apply them consistently.. obsèrve the fflethod5 and prtnciples in the chaiits.es SORP- make judgements and accounb"n9 ests"mates that are reasonable arid wudent., state whether applicable UK Accounting Standards hove been ftllm¥ed. subject lo any material dePartUS disc105ed and explained in thè finarKial slatements". and prepare the financial siatements on the goirwa coeM basis vnless it is inappropriate to presume that the charitable compwy will continue in js$. Page 5
Rights & Equality Saridwell IA C¢ynpany Limited by Guarantee) Report of the trustees (continued} Year ended 31 March 2021 The Iwstees are responsible for keeping proper accounb.ng recotds that disdose with aSOnable accuracy at any time the financial position ol the chanty ar)d to enable thEm to ensure that the financh31 statements comply wth the Companies Act 2006. They are also responsible lor safe9uarding the as5els of the charity and hence for taking reasonable Ste lor the prevention and deteclion of fraud and other irregulariiies. The trustees are re5pon5ible fur the maintenance and integrity of Ihe Cofporate and financial infomialion included on the Charitab companys web&te LegIalK)n in Ihe Unitetj lQngdorn 90¥nIr Ihe preparation and di5seminiation ol financial stztements mav differ frorn leqislaiTh in other juri5dthins. Statement as to disclosure to our indep¢ndont •xaminws In50far as the Tru51ees are awa .' thece is no relevanl itsfL¥mabon ol Wh IhÈ charttable companys independent examiner is unawa- aThJ Ihe Trustees have taken all steps 3t they oughl to have taken to make themselves aware of aoy relevant Inforrriation and to estabfish that Ihe independent examiner 15 awa ol ihat infon1On. This repurt has been pFepare(l in aCc[nCe with the special W0510n5 of Part 15 01 the Companies Act 20Cfj relating to small companies. By order of the board Of trustees .Ann LLewellyn Iclwr ol Board of Trnstees) Date..
Independenl Examiner's Report to the Trustees of Rights & Equality Sandwell (A Cornpany Limited by Guarantee) I report to the charity trustees on my exanwnaiic¥) of the xcounts of the company for the year ended 31 March 2021 whh are set out on pages 8 to 18. Responsibilities and basis of report As the chanty trustees of the company land also its direclors for Ihe purposes of company lawl you are responsible for the preparation of the accounts in accor(Sance vrith the requiremenls of the Companies Act 20061.lhe 2006 Act'l. Having satisfied myself Ihat the aCcnts of the company are not qUIred to be audited under Part 16 of the 2006 Act and are eligible ft)r independent exarnination. I rep1 in respect of my examination of your Company's accounts as carried out under secbon 145 of the Charities Act 2011 I'the 2011 Act?. In carying out my examinatson I have followed the Directions gNen by Ihe Charity Commi5sron under sectN)n 145(5llb) of the 2011 Act. Indep•nd•nt examin•r'$ statemènt I have completed my examinatiM. I confim Ihat rn rnatter5 have cryne lo my al1enttt in connection with the examinallon 9Ning mè cause to believe that in wty material re¥tr. accounting records were not kept in re¥ed oflhe MPanY as required by secbon 386 of the 20 Acr, or the accounts do Th)t accoid with those records: or the accounts do not comply with the accounb"rwJ requrrements of section 3% of the 2006 Act other than any requirement that the accounts give a Inje and lair whth is not a matter cLn%dered as part of an independent examination-, or the accounts have not been prepared wi accordance ¥th the meih(xls and princitAes of ihe Statement of Recommen¢Jed P¥acb"¢e for a¢u)untiThJ and reporttng by charityes applicaue to charities preparing the ac¢ount5 in acrdance ihe Financtal Rep)rt¥1g Standard applicable the UK and RepU1C ol Iland IFRS 1021. I have no concems an(S have coine across no oiher matters conrckn"on T1 the examination lo which attentio should be dcawn in this report in order Iv enatAe a proper understandin9 of the accounts lo be reached. David W Farn5WOrth FCA (Senior Ststutory AuditOT} For and on behalf of Fdtons 8 Sovereign Court 8 Graham Street B'irmingham 81 Oate-. Page 7
Rrghts & Equality Sandwell IA CorTipariy Lirriited by Guarantee) Company number . 05145052 Charity number: 1122030 Statèment of financial activitlès lincluding income and expendituffe account lor the year ended 31 March 2021 Unre5tfi¢ted fvnds OESi9Trated Re5trKted fvnds Total 2021 Tf>tal 2020 Notes Incorne L)onation5 and grants Income from charitable acliffts.. Miscellaneous 103.529 60.507 164,036 133.602 Investment I1me 277 277 1.121 Totsl income 103.806 60.507 1e4.313 135.123 Expenditure Charitable ac&"ties. Operab"onal anol gjpptyt $ts 127.9)9 60.9)7 188,416 165.044 Total expenditufe 127.W9 80.507 188.416 165.044 Net Incomellexpendlturel befote tran51ers 124.1031 124.1031 129.9211 Gross Iransfers beN¥een funds 12 24.103 (24.1031 Net movemtnt in lunds 124.1031 (24.1031 129.9211 R¢¢tsnciliatson ol fund$ Total funds brough¢ foThRrd 12 123.749 123.749 153.670 Total fu5 ¢arTIEd forward 99.645 123.749 l oft*e cknarity's actllieS derive from continuffj Opera5 dUj the above finan(W periods. Page 8
Rights & Equality Sandwell {A Company Limited by Guarant¢¢l Company Numbèr: 0514S0S2 Charity number- 1122030 Balance sheet as at 31 March 2021 2021 2020 Notes Fixed assets Tangible assets 507 1.311 Current a55ets Debtor5 Cash at bank and hand 10 1.929 1rA.129 1CQ.058 4.415 150.241 154.$56 Credltor5' amounts falllng ue withrn one year 11 8.919 32.218 Net ¢Ltrrent assets 99.139 122.438 Net •$sets 99.64$ 123,749 Funds olthe charity.. Restricted lund$ General fund 12 Vnrestrlcted fun¢ts General fund Oe5ignated lund 12 12 123.749 99.646 123.749 Total funds .99.646 123.749 The cornpariy is entilled lo exem. fvri awjit uidèr 477 of the Companes Ac 2fK6 for the year ende¢J 31 March 2021. The membets have not read Ihe company to otrtain an auLit ol its ststements for Ihe year endeir 31 March 2021 in attordance with SecDori 476 of Ihe CornpaThes Act 2[ The 1CtorS acnoWedge th&f respc¥151tMlilies lor. al ensuiing that the company keeps acctyjnling rec¢¥ds "1th conwy Sections 386 387 or the Companie5 A¢x 2006 and bl preparing finanoa $latwents which give a IWE atKJ lair e of the state ot affaits ol Ihe company as al the end of each financial year and of its surplvs or deficit for each financia year in accorlance wth the requirements ol Sec'ons 394 alld 395 and which Otheise (x)rrWy vth the requwemerts of the Compan$ Act 20( relatin9 to finawal stalemenls. $0 far as applicatAe to the cofflpany. These accounts have been prepared accor¢Jar ith the SP of Part 15 of the Companies Act 2Q06 relating to small companies. The notes on pages 8 to 18 lorm part ofth85e accthwrts. The financial statements *rè apw)veil try Ihe boar(I bl trustee5 ¢Jn......................:..... and wwe signed its behalf by.. Ann Llewellyn Chair of Board of Tiusiees Page 9
Rights & Equality Sandwell {A Company Limited by Guarantee) Statement of cash flov lor the year ended 31 MaTch 2021 Notes 2021 2020 Cash flow from operating activities 15 {44.3891 133.3991 Net cash now from operating activiti.es 44.3891 33,399 Cash flow from illve$tin9 activities Paymonts to acqui tangible ffixed a55ets Intest received 2TI 1,121 Net cash flow from invèsting activiti 277 Net increas• I Idecreasèl in cash and cash èquivalents 144,1121 132,278) Cash arhd casb equivalents at 1 AW 2020 150,24.1 182,519 Cash and cash equivalents at 31 March 2021 106.129 150.241 Page 10
Rights & Equality Sandwell (A Company Limlted by Guarantee) Notes to the finan¢lal statements fol the year ended 31 Maich 2021 1. Accounting poJi¢i al Basis of preparation The financtal staiements have been ppared in accordance with Accounling and RepDrting by Charities." Statement of Recommendetj PracD"ce applicable to charrbes preparing their accounts in accordance silh the Financial Reporting Standard ap1¢able in the UK and Republic of Ireland issued in October 2019. the Finanaal Reporting Standard apIcat in Ihe United "90 arKI Republic of Iieland {FRS 1021. the Charities Act 2011. the Companies Acl 2006 and UK Generally Accepted Accounbng PRcke. The thancial stalements are prepared on a g(MrwJ ¢on¢ern basis urtder the hist9n" $t con¥enbon. The finanaal slatemenls are present8d irb 5teding 15 Ihe fvndional cUrrY ofthe charity. The sMJnlfin¢ accounting polioes applied in the preparation of Ihese financial stalernents are Set out below. These PiCieS have been SISteY applie¢J to an year5 we5ented esS 01115e stated. bl Goino coneem The financial sfaternents have been prepafed on a goirvJ concem basis as the trustees believe that no material uncertainties est The iwsiees have Considered ihe level of lunds held and the expected level of income and expenditu frm a period of 12 months the date of aulhorising these finanaal slatemenls. The budgeted income and expendilure is sufficient the level ol reseThfes for the charity io be able to wnbnue as a 90ing ¢oncem. Gl Income recognition All incoming rastyjrcès ar¢ M)thded in Ihe Slatement of Financlal Activibes {SoFAI when the ¢harity is legally entiued lo ihe income after any performance conditn5 have been met. Ihe afftJunt can be measured reliably and it is probable that the income v4tll be received. Gran¢$ rol¥able Grants are indudad in Ihe Slatement ol Finantial A¢tiwtiès on a recavabl¢ basis. The balan¢e of income 1Ved for spe¢ifK purposes but r¢ expended during the period is 5hry•m in the relevant funds on the balance sheet. whe incorne is reIVed in advance of enbtlernent of receipt its recognition is deferred anij induded in Lyeddors as deferred irKome. Where enbtlernent ctCUfS tsefo income is received. Ihe income is accrueLI. The tharity receives a govemment grant in respeci ofvolunlary Sector Funding Alocation. Income from governfflent and other grants are recogDised at fair value when the chaity has entitlement after any perfom)anaee tt)nd6tK)ns have been met. it 15 probable that the income 11 be received and the grnount can be measured reliably. If entsdement is not met then these anKJunt5 are deferretl. Donations Donats"on5 are recognised on a receNable basis where there 15 certainty of receipt and the arTh)unl can be reliably rnea5ud. If there afe conditions attached lo the donation and Ihis requires a level ol p?rforrnan before enb"tlement can be obtained then income is deferred until 0$e conditions are fully met or the rfilment of Ihose conditions is wtt)in the control of the d)anty and il is probabk that they will be fulfilled. Page11
Rights & Equality Sandwell IA Company Limited by Guarant¢el Notes to the financial statements for the year ended 31 Mar¢h 2021 {¢ontinu¢d} 1. Accounting policies l¢ontinuedl cl Incomè Te¢tsgnbtion Icontintwdl Donated s•rvites and gifts in kind Donated fatilities and <Jonate(I Profess1 Servi are recognised in irwme at Iheir fair value vthen their economic benefit is prObae. it can measured reliabty and the chanty has control over the item. Fair value 15 determine(l the basr$ of the walue of the gift lo the charity. For exarne the amount the charity Vul be willing to pay in the open markel lor suth facifities and services. A Corresponding am(yJnl is recogrNsed in experKaitufe. Gifts in kind Fixed asset gifts in kind are recogntsed when receivable and are induded al fair value. They are not deferre<i over the life of the asset. Interest recelvable Interest funds held on depo%t is induded vthen receivable and Ihe ary)unl can be rne35ured lÈably by the charity.. 15 15 nomialty upw noty"ficabon of the interest paid or payable by the bank. Other income Other Income. includiry Ihe hi of lacilth"e$. is ¥ecugnised in Ihe peiiod it 15 receivabl8 and to the extent the goods have been provided ot on complelwjn of Ihe seThice. dl Expenditure feeognition All expenditure is accounted for on an accruals basis and has been cla5sTfied under headin9S that aggregate all ctists related to the category. Expenditure is fecognised v4here ihere is a legal or construdive obligatson lo make payments lo third parties, it is probable Ihat Ihe selljement ¥¥ill be required and the OUnt of thè obligabon can be measured retszlAy. 11 15 caiegorised und¢r ¢he follow9 heaoliThJs' Costs of generating fvnds These are costs trJrred in attracting vdvntsry in¢orne. and those cUrl in tradin9 aclivibes that raise fvnds. Charitable activities These are costs incurre(l in &Ville5 undertaken to futher Ihe puwes of tht charity and their associated 5UPkV)rt cosls. Governanc costs These indude the costs attribulable io the trust's Compliar con5titutthial and 5talulory requirements, includiryJ authl. strategic management and trustees. ffleetings and reirnbursed expenses. Irretsiverable VAT is charged as an expense a9ain5t Ihe adwity for whith expendrture arose. Page 12
Rights & Equality Sandwell IA Company Limited by Guarantee) Notgs to the financial ststements for the year ended 31 March 2021 (continued) 1. Accounting policies (continued) el Fund accoynting ijnrestricted funds are avaikble to spend on acti¥rties thai further any of the purposes ol the charity. Designated funds are unrestricted fun¢s of the chawty %¥hich the trustees have deoded at their discrebun lo set aside to use fry a specific purwse. Restricted lunds are (lonations whKh the donor has spec¢fied arè lo be solely used for patcular areas of the tru5f5 work or for Specific artistic pwjects being undertaken by the trusl. f) Critical accounting estimates and areas of jud9ement Estimates and jud9ements are ¢tInualty evaluated ar are based on historical experience and otherfactors, including expections of futts events Ihat are believed to be reasonable under Ihe circumstances. There are no a(xounting eslimates or areas ofjweJnent gl Allocation of support costs Support costs are those ihal assist the woth of the chaNy txrt noi represent Charitab ath"vrftes and include office costs. governance c05t5 and adminislratyve payrol sis. Where 5upF costs canTrot be directly attribLrtÈd to paar heading5 they have teen allccated to C05t of raising lunds and expend¢ture on charitatAe activities. The bases on which support C05t5 have been allocated are Set out in note 5. h) Tangible fixed assets Tang(ble fixed a55ets are stated al cost lor deemed co5t} or valu3lion less a(xumulated depreciation and aceumulatsd IMprMent losses. Cosl indydes costs dire¢ty attributable lo making the assel capable of opefab.ng as intended. Depreoation is provided on all taryJible fixed assets. at rates calculated to 7AYite off tt)e cost. less estsmaled residua value. ofe&h asset ort a systemab"e ba$ over its expeded useful lrfe as T10$.. Offiee equIent - 25% per annum on a redu(xng balance basis il Operating lease5 Rentals payable under operat9 leases arE charged to the SOFA on a strai9ht line ba515 over the period of the lease. Il faxation The charity is an exempl charity within ihe meaning of schedule 3 of the Cle$ Act 2011 anLI is considLYed to pass the tests set out in Paragraph J Sthedule 6 Finance Act 2010 and there it meets the defirnknn Df charitable company fof UK corwfalTron tax purposes. k} Pension benefts The charity opprate5 a defined cbitti pL3n for the benefit of its employees. Contribubons are expensed as ihey beo)me payable. Page 13
Rights & Equalty Sandwell IA Company Limited by Guarantèe) Notes to the financial statements lor the year ended 31 Mar¢h 2021 IntInUed} Z. Donations and grants Unrestricted Restricted funds fvnds To1 2021 Total 2020 Grants 103,529 60.507 164.038 133.602 103.529 60.507 164.036 133.602 Grants weie received from the f0M¢h¥g ." San¢vell M8C m•ft wogramme Covid-19 Response Job Retenbon Scheme New CommUnitS Adv Hale Clime Champions Women's empowemlenl 60.S07 78.072 21,658 119.815 78.072 21.65B 5.LK)O 6.201 3.799 103.529 60.507 154.036 133.602 3. Investmenl income Unrestricted Restricted fund5 fund5 Total 2021 Total 2020 Deposit accwni interest 277 277 1,121 277 277 1.-127 4. Expenditure on charitable activities Total 2021 Total 2020 Operational and support Costs Staff eosts Motor and travel Premise5 costs Promotion and marketing Deprecialion Support costs (see nole $1 Goveman¢e costs {see noie 51 139,745 110 10.910 119.374 811 11.804 117 804 29,314 2.¥20 35.650 1.197 188.416 165.044 Total expenditu on charilable athilies was £188.41612020 - £165.OMI of whh £127.909 12020 - £45,229) wès unreslricled gnd E60.507 (2020- E119.815) was restrict8d. Page 14
Rights & Equality Sandwell IA Company Limited by Guarantee) Notes to the financlal statements for the year ended 31 March 2021 l¢ontrnuedl 5. Analysis of support and govemance costs Basis of allocalion Genernl swpport Governance fun¢lion Total 2021 Total 2020 Administrative staff Training and ¢rUItMent Infolmabon techn¢Yogy General office Costs Audrt fees Tnjstee expenses Acc9untsncy services Legal and Olher professial Bank charges Staff lime Staff time Usage Usage Go¥nanCe 12.243 25 6.240 9.499 12.243 25 6.240 9,499 1.lJ80 117 3,019 4,588 36 17.944 516 2,767 5.698 2,820 1.080 Usage Usage Usage 3.019 4.588 36 2,353 35.650 1.197 36.847 32.134 6. Net IncomallexpenditreI for the year Net irTr?me l {expendilurel 15 slated after Chargi l {uedibng):" Totsl 2021 Total 2020 Depreeiaiion of tangible fixed assets Operating lease renta15 Piemises Ireper1enl examinerfs rernuneratiOII In¢Jependent Exarniner fees 804 5.91K) 1,080 2.820 7. Trustse5 and key management personnel r¢muneratson and expenses The trustees neither received nor warved any remuneration duriTrJ Ihe year (2020 - £nill. Trustees were reirnbursed expenses of £1 17 during Ihe year (2020- £Th11_ The Trusl considers rts key management persoftnel ¢(prise the Chief Execuhve. The toial amovrnl ol employee benefils received by key management personnd was £50.1KJO12020- £55.0¢))). 8. Analysis of slaff costs and numbers Slaff ¢osts . Total 2021 Total 2020 Wages aThJ 5aaries Social security costs Dered £IrIl.0n pension schemes 138.652 7,466 5.870 151.988 1Z3.418 7.986 5.914 137.318 P_15
Rights & Equality Sandwell IA Company Limited ty Guartntsel Notes to the financial statements for the year ended 31 March 2021 Icontinuedl 8. Analysis of staff ¢osts and numbers Icontinuedl No employees 1Ve lolal em&4oyee benefiis ofmcwe Ihan É60.C(Q. Staff numbers . The average rnonthly Rurnber of ernployee5 aThJ full lime equivalents Iring the yeaf Wa5 35 rollows: 2021 Nuniber 2021 FTE 2020 Nurnber 2020 Managemeni Charitable 3diwlies offi and adrninistral* 9. Tangible fix041 ass•ts Office equipmènt Totsl Cost Al 1 April 2020 Additions Al 31 March 2021 6.115 6.11S 6.,115 Depreciation At l April 2020 Charge forthe year Al 31 March 2021 4.804 4.804 804 5."608 5.608 Net book values Al 31 March 2021 Al 31 March 2020 507 .311 507 1.311 10. Debtors Tolal 2021 Total 2020 Deblors from operatws Pre5)ayment5 and acrxued irKome 380 1.$49 2.775 1.640 1.929 4.415 Page 16
Rights & Equality Sandwell {A Company Limtted by Guaranteè) Notes to the financial statements for the year ended 31 March 2021 Icontinuedl 11. CdItorS - amounts falling due within one year Totsl 2021 Total 2020 Cfeditors from operations ArualS and deferW inthme Other creditors 6.145 2.752 22 220 31.288 710 8.919 32,218 Deferred income Deferred income al 1 Awl 2020 Resources deleffed in the year Amounts released from previtrjs yea Deferred ine(¥ne at 31 March 2021 3,799 3.799 17,5861 3.799 13,799 Al the balancE Sheet date ihe chardy wa5 hol(19 fun(Js received in advance lor services to be deliVed after the year end. 12. Analysis of lund$ Balance at 1 April zozo Bal•nct at 31 March 2021 Incoming rOl¢e$ Resources expended Tran$fÈ Restricted fund5 Total funds 60.507 60.5071 Unrestricted funds General fund Designated'fund 103.BC I127.) 24.103 24.1021 123.749 123.749 99.646 99.646 103.806 127,9091 Total fvjnds 123,749 164.313 188.4161 .646 Name of fvjnd D¢s¢ription. nature andpurpose of fund Restricted 9enr•l lund 9iven lo chanty where the tIle5 thzl a granl or donation . be spent for a Specif wopct. Unrestricted gèneral fund The flee reserves of the charity tych are nol designated for particulj'r puwses. Designated fund Unreslitted i1on tor wthich Ihe Injstees have des¥nated a particul purpose. Page 17
Rights & Equality Sandwell IA Company Limited by Guarantee} Notes to the financial statèment5 for the year ended 31 March 2021 {continued) 13. Analysi9 of net assets betrieen fund5 Fund balances al 31 March 2021 are represented by. Unrestri¢ted Desi9nated runds fvnd RestrF¢ted funds Total funds Tangible fixed assets Current assets Currenl liabililies 507 108.058 18.919) 99.646 8.412 {8.9191 Total net as$¢ts 14. Capital Gommitments There were no capital commilmenis al 31 Klarch 2021 12020- £rn"D. 15. Reconciliation of net in¢om&llexperidibJrtl to net ¢a5h Ilow Irorn operating activil•es Total 20Z1 Total 2020 Not inMe1(eXpen"bjreI for the yèar Depreciation Inlere3l receNable Iln"creasel I decrease In debtors Inuease l (decrease) tn cJeditOfS 124.1031 129.9211 804 {1.1211 13.3301 169 12771 2.486 123,2991 Net ¢a5h flow from operating activities 44.3891 33.3991 16. Relatsd party tran5aciions The follon9 relaled party trans*#15 tpcA( dwirg Ihe pericrfl.. Ileys Comrnuntly Association in which AbthJLqa(h)ir Akn" (trusleel is Chiel Exeajlive Officef 2021 2020 Fxpendiiure lo lale ¢L¥npany during Ihe year Arnounl due 10 relaied company ai year end 7C San(Jwell Woik and Enterprise Developmetsi Agency in wh Davinder Kaur {¥Steel Chief Execulive olfir 2021 2020 Expèrtdire to related CLxnpany during the year 700 Page 18