Rights & Equality Sandwell
(A Company Limited by Guarantee)
Annual Report and Financial Statements
Year ended 31 March 2024
Charity number.. 1122030
Company Number: 05145052
Feltons
Chartered Accountants
Birmingham
B1 3JR

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Report and financial statements
Year ended 31 March 2024
Contents
Page
Reference and administrative details
Report of the trustees
Independent Examiner's report on the financial statements
Statement of financial activities
incorporating income & expenditure account
Balance sheet
Cash flow statement
Notes forming part of the financial statements, incorporating
Statement of accounting policies
10
other notes to the financial statements
13

Rights & Equality Sandwell
{A Company Limited by Guarantee)
Reference and Administrative Details
Chair
Ann E Llewellyn
Trustees
Abdulgadir Ali
Nargis Bostan
Ann E Llewellyn
Davinder Kaur
Registered office
Victoria Park Skills Centre
Corbett Street
Smethwick
B66 3PU
Charity number
1122030
Company registration number
05145052
Independent examiner
Feltons
8 Sovereign Court
8 Graham Street
Birmingham B13JR
Bankers
Co-operative Bank plc
Head Office
1 Balloon Street
Manchester
M60 4EP
Solicitors
Sydney Mitchell Solicitors
Apsley House
35 Waterloo Street
Birmingham
B2 5TJ
Page 1

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Report of the trustees
Year ended 31 March 2024
Networking and partnerships
The interim chair and the consultant, on a voluntary basis played an instrumental part across a range of
networks to keep at the forefront concerns of local people, feedback and community involvement in the
co-design of health, social care. education and other social justice measures.
These included the following..
Sandwell Networks Group- turning connections into actions
Public Health and Faith Leaders Steering Group - being apprised of key national and local
related developments
Sandwell Integrated Care Partnership - transition of health and social care provision across the
region
Hate Crime Partnership group- Critical reflection and peer review of third party reporting
measures
Complainant aid casework and social injustice clini¢s
RES continued provision of advice, aid and assistance to the most vulnerable, across a range of social
care and welfare areas, employment, education and community safety and incidents of discrimination and
hate rhetoric.
Voices of Colour
A small Lottery fund grant of £10,000 was awarded to fund core activities from April 4th to March 31st and
to employ a caseworker for 10 hours per week from 6.6.22 until 31.3.23 on a consultancy basis. This
project was successfully completed meeting all its projected outcomes. An information sharing report was
circulated to partners highlighting the success of the project.
The case work was particularly successful dealing with 12 cases of which 6 were Complex. involving
working in collaboration and partnership with housing, local authority, employers, education and health.
Making Voices Matter Differently
A further lottery bid for £33,000 was successfully submitted to further fund core costs and activities
including case work from 1.2.23 to 31.1.24. Recruiting to the 24 hours per week post, namely a
development Co-ordinator was initially problematic even though a competitive wage was offered. The
successful candidate took up the post on 24.5.23.
The impact of105s of funding ha5 been Significant on RES. Efforts for the coming year will be to focus
income generation activity. This will include a mix of small and medium to longer term funding initiatives.
RES'S Continued effort5 working with local people and services has highlighted there is much to be done
to address structural inequalities and the disproportionate impacts of the pandemic on different protected
characteristic groups. Recovery work designing services to come together to work holistically, working in
partnership with communilies with the lived experience and rebuilding trust and confidence in public
services is essential. RES will explore pathways to secure new areas of funding and partnerships to aid
these efforts.
Board of Trustee, 2025
Page 2

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Investment Policy
The trustees have kept available funds on deposit with Co-operative Bank plc. The invested ftjnds achieved an
average interest rate of 0.120A.
Reserves policy and going concern
ReseNes are needed to bridge the gap between the spending and receiving of income and to cover unplanned
requirements. The trustees consider that the ideal level of reserves is 6 months.
The financial statements have been prepared on a going concern basis. The trustees believe this is appropriate with
the current situation. However Ihere are some concerns over the future level of funds held and the expected level of
income. The charity has re￿ntlY been successful with a funding bid and have asked for further funding to support
the overheads from different funders. The future ability of the charity is dependent on being successful in obtaining
more funding moving forwards. As it stands now the trustees believe adopting the going concern assumption is
appropriate.
Plans for future periods
As this report highlights there is much that remains to be done. It is encouraging that RES remains at the forefronts
to challenge unfairness, inequalities and tensions. Each section above highlights the range and scope of RES'S
activities and the key challenges that we will continue to address in the short and long term. It is essential that we
address the causes, culture and drivers that perpetuate disadvantages, exclusion and disengagement for many
people. These inequalities are of significant concern for RES and we will continue to stretch new targets to reduce
all forms of disadvantage and discrimination.
structure, Governance and Management
Governing document
Righls & Equality Sandwell is a company limited by guarantee governed by its Memorandum and Articles of
Association dated 2 June 2004 with subsequent amendments and is registered as a charity with the Charity
Commission. There are currently 5 members, each of whom agrees to contribute £1 in the event of the charity
winding up. Membershlp is open to professionals from the public, private and third sector.
Appointment of trustees
As set out in the Articles of Association new trustees are appointed by the board of trustees after applying to the
cornpany in the form required by the trustees and after being approved by the board of trustees.
Trustee induction and training
New tnjstees are briefed on their legal obligations under Gharity and company law and the Charity Commission
guidanGe on public benefit, and are informed of the content of the Memorandum and Articles of Association, the
committee and decision-making proGesses, the business plan and the recent financial performance of the charity.
Page 3

Rights & Equality Sandwell
{A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 Ivjarch 2024
Organisation
The board of trustees, which can have up to 15 member5, administers the charity. The board normally meets
quarterly. The Chief Executive who was appointed by the trustees to manage the day-to-day operations of the
charity left RES on redundancy in November 2021. To facilitate effective operations, the role o f the Chief
Executive who had delegated authority, within terms of delegation approved by the trustees, for operational matters
including finance and general purposes is now being overseen and managed by the Trustees and the Interim Chair.
Related parties and co-operation with other organisations
None of our trustees receive remuneration or other benefit from their work with the charity. Any connection
between a trustee or senior manager of the charity with a client or supplier must be disclosed to the full board of
trustees in the same way as any other contractual relationship with a related party. Related party transactions in the
urrent year are described in note 16 to the accounts.
Pay policy for senior staff
There are no senior staff employed on a permanentor full time basis. The Interim chair works between 10 nad 20
hours per week on a voluntary basis.
Risk management
The trustees have a risk management policy which comprises .
an annual review of the principal risks and uncertainties that the charity faces.,
the establishment of policies, systems, and procedures to mitigate those risks identified in the annual review-
and
the implementation of procedures designed to mitigate or manage any potential impact on the charity should
those risks materialise.
This work has identified that financial sustainability is the major financial risk for the charity. Key elements in the
management of financial risk are a regular review of available liquid funds to settle debts as they fall due, re9ular
liaison with the bank. and active management of operational debtor and creditor balances to ensure sufficient
working capital by the Trust.
Attention has also been focussed on non-financial risks arising from health and safety. These risks are managed by
ensuring aGcreditalion is up to date, having robust policies in place, and regular awarene5S training for staff working
in these operational areas.
Trustees. responsibilities in relation to the financial statements
The charity trustee5 (who are also the directors of the charitable company for the purposes of company law) are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Report of the trustees (continued)
Year ended 31 March 2024
Trustees, responsibilities in relation to the financial statements (continued)
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the slate of affairs of the charitable company and of its incoming resources and application of resources,
including its income and expenditure for that period. In preparing these financial statements, the trustees are
required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP-,
make judgements and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounling records that disclose with reasonable accuracy at any
time the financial position of the charity 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 charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The ti'uslees are responsible for the maintenance and integrity of the corporate and financial information included on
the charitable company'5 website. Legislation in the United Kingdom governing the preparation and dissemination
of financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our independent examiners
Insofar as the Trustees are aware .
there is no relevant information of which the charitable company's independent examiner is unaware., and
the Trustees have taken all step5 that they ought lo have taken to make themselves aware of any relevant
information and to establish that the independent examiner is aware of that information.
This report has been prepared in accordance with the special provision5 of Part 15 of the Companies Act 2006
relating to small companies.
By order of the board of trustees
Ann Llewellyn (Chair of Board of Trustees)
I I I ,:1 ..JoJ.5
Page 5

Independent Examiner's Report to the Trustees of
Rights & Equality Sandwell
(A Company Limited by Guarantee}
I report to the charity trustees on my examinalian of the accounts of the company for the year ended 31 March 2024
which are set out on pages 7 to 17.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your company's accounts as
carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed
the Directions given by the Charity Commission under section 145{5){b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Gompany as required by section 386 of the 2006 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an
independent examination-, or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understandin9 of the accounts to be reached.
David W Farnsworth FCA {Senior Statutory Auditor)
For and on behalf of Feltons
8 Sovereign Court
8 Graham Street
Birmingham B1 3JR
13 l*14oas
Page 6

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Company number . 05145052
Charity number . 1122030
Statement of financial activities (including income and expenditure account)
for the year ended 31 March 2024
Unrestricted
funds
Designated
fund
Restricted
funds
Total
Total
2024
2023
Note5
Income
Donations and grants
34,444
34,444
11,116
Income from charitablg aclivities.-
Miscellaneous
1,152
1,152
Investment income
101
Total Income
1.152
34,444
35.596
11,217
Expenditure
Charitable aclivilies..
Operational and support costs
35.432
35.432
32,721
Total expenditure
35.432
35,432
32.721
Net expenditure before transfers
1,152
(988)
164
(21,504)
Gross transfers be￿een funds
12
(988}
988
Net movement in funds
164
164
(21,5041
Reconciliation of funds
Total funds brought fotwar
12
241
241
21,745
Total funds carried forward
405
405
241
All of the charity's activities derive from continuing operations during the above two financial periods.
The statement of financial activities includes all gains and losses recognised during the year.
Page 7

Rights & Equality Sandwell
{A Company Limited by Guarantee)
Company Number . 05145052
Charity number: 1122030
Balance sheet as at 31 March 2024
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
10
2,331
15.720
18,051
1,715
12.527
14,242
Creditors: amounts falling
due withln one year
11
17,646
14,001
Net current assets
405
241
Net assets
405
241
Funds of the charity .
Restricted funds
General fund
12
Unrestricted funds
General fund
Designated fund
12
12
405
241
405
241
Total funds
405
241
The company is entitled to exemption from audit under Se¢lion 477 of the Companies Act 2006 for the year ended 31
March 2024.
The members have not required the cornpany to obtain an audit of its financial s18temenls for the year ended 31 March
2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for..
al ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
b) preparing financial statements which give a true and fair view of the stale of affairs of the company as at the end of
each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial
slalemenls, so far as applicable lo the company.
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006
relating to small companies.
The notes on pages 10 to 17 form part of Ihese accounts.
The financial statements were approved by the board of trustees on 11 April 2025 and were signed on its behalf by .
Ann Llewellyn
Chair of Board of Trustees
Page 8

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Statement of cash flows
for the year ended 31 March 2024
Notes
2024
2023
Cash flow from operating activities
15
3,193
121,788)
Net cash flow from operating activities
3,193
{21,788
Cash flow from investing activities
Interest received
101
Net cash flow from investing aGtivities
101
Net increasel(decrease) in cash and cash equivalents
3,193
<21,687)
Cash and cash equivalents at 1 April 2023
12,527
34,214
Cash and cash equivalents at 31 March 2024
15,720
12,527
Page 9

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024
1. Accounting policies
a) General information
Rights & Equality Sandwell is a charitable company limited by guarantee and incorporated in England. Its
registered office can be found on the reference and administrative details page.
b) Basis of preparation
The financial statements have been prepared in accordance with 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 issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Rights & Equality Sandwell meets the definition of a public benefit entity under FRS102. The financial
statements are prepared on a going concern basis under the historical cost convention. The financial
statements are presented in sterling which is the functional currency of the charity. The significant accounting
policies applied in the preparation of these financial statements are set out below. These policies have been
consistently applied to all years presented unless Otherwise stated.
c) Going concern
The financial statements have been prepared on a going concern basis. The trustees believe this is
appropriate with the current situation. However there are some concerns over the future level of funds held
and the expected level of income. The charity has recently been successful with a funding bid and have asked
for further funding to support the overheads from different funders. The future ability of the charity is
dependent on being successful in obtaining more funding moving forwards. As it stands now the trustees
believe adopting the going concern assumption is appropriate.
d) Income recognition
All incoming resources are included in the Statement of Financial Activities {SoFA) when the charity is legally
entitled to the income after any performance conditions have been met, the amount can be measured reliably
and it is probable that the income will be received.
Grants receivable
Grants are included in the Statement of Financial Activitie5 on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the balance sheet. Where income is received in advance of entitlement of receipt its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs before
income is received. the income is accrued.
The charity receives a government grant in respect of Voluntary Sector Funding Allocation. Income
from government and other grant5 are recognised at fair value when the charity has entitlement after
any performance conditions have been met, it is probable that the income will be received and the
amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Page10

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 {continued)
1. Accounting policies (continued)
d) Income recognition {continued)
Donations
Donations are recognised on a receivable basis where there is certainly of receipt and the amount can
be reliably measured. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained then income is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the charity and it is probable that
they will be fulfilled.
Donated services and gifts in kind
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, il can be measured reliably and the charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example the
amount the charity would be willing to pay in the open market for such facilities and services. A
corresponding amount is recognised in expenditure.
Gifts in kind
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not
deferred over the life of the asset.
Interest receivable
Interest on funds held on deposit 15 included when receivable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the bank.
Other income
other income. including the hire of facilities, is recognised in the period il is receivable and to the
extent the goods have been provided or on completion ofthe service.
e) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties, it is probable that the settlement will be required and the amount of the
obligation can be measured reliably. It is categorised under the followlng headings..
Costs of generating funds
These are costs incurred in attracting voluntary income, and those incurred in trading activities that
raise funds.
Charitable activities
These are costs incurred in activities undertaken to further the purposes of the charity and their
associated support costs.
Governance costs
These include the costs attributable to the trust's compliance with constitutional and statutory
requirements, including audit. strategic management and trustees, meetings and reimbursed
expenses.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Page11

Rights & Equality Sandwell
(A Company Limited by Guarantee}
Notes to the financial statements for the year ended 31 March 2024 (continued)
1. Accounting policies (continued)
f) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to sel
aside la use for a specific purpose. Restricted funds are donations which the donor has specified are to be
solely used for particular areas of the trust's work or for specific artlslic projects being undertaken by the trust.
g) Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances.
There are no critical accounting estimates or areas of judgement.
h) Allocation of support costs
Support costs are those that assist the work of the charity but do not directly represent charitable activities and
include office costs, governance costs and adminislralive payroll Costs. Where support costs cannot be
directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on
charitable activities. The bases on which support Costs have been allocated are set out in note 5.
i) Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the a55et capable of
operaling as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows..
Office equipment
250kn per annum on a straight line basis
jl Operating leases
Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the
lease.
k) Taxation
The chartty is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered
to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a
charitable company for UK corporation tax purposes.
l) Pension benefits
The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed
as they become payable.
Page 12

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (continued)
2. Donations and grants
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
Grants
34,444
34,444
11,116
Grants were received from the following
Communily fund
Making Voices Matter Differently
WMCA- Multiply
9,961
1,155
33,282
1,162
33,282
1,162
34,444
34,444
11,116
3. Investment income
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
Depos11 account interest
101
4. Expenditure on charitable activities
Total
2024
Total
2023
Operational and support costs
Slaff costs
Direct costs
Premise5 Costs
Support COSts (see note 5)
Governance costs {see note 5}
8,207
723
6,764
17,353
2,385
6.863
23,326
2.532
35,432
32,721
Total expendilure on charitable activities wa5 £35,432 (2023 £32.721) of which £nil (2023 £nill was
unrestricted and £35,432 {2023 - £32,721) was restricted.
Page 13

Rights & Equality Sandwell
{A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (continued}
5. Analysis of support and governance costs
Basis of
allocation
General
support
Governance
function
Total
2024
Total
2023
Training and recruitment
Information technology
General office costs
Examination fees
TrLJStee expenses
Accountancy services
Legal and other professional
Staff time
Usage
Usage
Governance
Governance
Usage
Usage
49
4,282
1,245
2,190
342
710
17,040
5,011
2,412
5,011
2,412
2.100
285
1,334
8,596
2,100
285
1,334
8,596
17.353
2,385
19.738
25,858
6. Net expenditure for the year
Net expenditure is stated after charging..
Total
2024
Total
2023
Operating lease rentals
Prernises
Independent examiner's remuneration
Independent Examiner fees
6.000
6,000
2.100
2,190
7. Trustees remuneration and expenses
The trustee5 neither received nor waived any remuneration during the current or previous year. One trustee was
reimbursed travelSing expenses of £285 (2023 - £342) during the year.
8. Analysis of staff costs and numbers
Staff Gosts .
Total
2024
Total
2023
Wages and salaries
8,207
8,207
Page 14

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 Ddlarch 2024 (continued)
8. Analysis of staff costs and numbers (continued)
No employees received total employee benefits of more than £60,000.
Stsff numbers .
The average monthly number of employees and
full lime equivalent5 during the year was as
follows-
2024
Number
2024
FTE
2023
Number
2023
FTE
Management
9. Tangible fixed assets
Office
equipment
Total
Cost
At 1 April 2023 and at 31 March 2024
6.115
6.115
Depreciation
At 1 April 2023 and at 31 March 2024
6,115
6,115
Net book values
At 31 March 2024
Al 31 March 2023
10. Debtors
Total
2024
Total
2023
Debtors from operations
Prepayments
935
1,396
2,331
1.335
380
1,715
Page 15

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (continued)
11. Creditors - amounts falling due within one year
Total
2024
Total
2023
Creditors from operations
Accruals and deferred income
3,093
14.553
17,646
2,369
11.632
14,001
Deferred income
Deferred income at 1 April 2023
Resources deferred in the year
Amounts released from previous years
Deferred income at 31 March 2024
7,455
11,338
7.455)
11,338
9,961
7,455
(9.961
7,455
At the balance sheet date the charity was holding funds received in advance for seNices to be delivered after the
year end.
12. Analysis of funds
Balance at
1 April
2023
Balance at
31 March
2024
Incoming
resources
Resources
expended
Transfers
Restricted funds
Total funds
34.444
35,432)
988
Unrestricted funds
General fund
Designated fund
241
1,152
{988)
405
241
1.152
988)
405
Total funds
241
35.596
35,432)
405
Name of fund
Description, nature and purpose of fund
Restricted general fund
Money given lo the charity where the donor require5 that a grant or donation
be spent for a specific projeGt.
Unrestricted general fund
The free reserves of the charity which are not designated for particular
PL(rposes.
Designated fund
Unrestricted income for which the Iruslees have designated a particular
purpose.
Page 16

Rights & Equality Sandwell
(A Company Limited by Guarantee)
Notes to the financial statements for the year ended 31 March 2024 (continued)
13. Analysis of net assets he￿een funds
Fund balances at 31 March 2024
are represented by..
Unrestricted Designated
funds
fund
Restricted
funds
Total
funds
Current assets
Current liabilities
405
17,646
(17,646)
18,051
(17,646)
Total net assets
405
405
14. Capital Commitments
There were no capital commitments al 31 March 2024 nor at 31 March 2023.
15. Reconciliation of net incomel{expenditurel to net cash flow from operating activities
Total
2024
Totsl
2023
Nel expenditure for the year
Interest receivable
(Increase) / decrease in debtors
Increase l (decrease) in Greditors
164
(21,504)
(101}
240
(423)
(616)
3.645
Net Cash flow from operating activities
3,193
{21,788)
16. Related party transactions
The following related party transactions took place during the period-.
Ileys Community Association in which Abdulgadhir Ali (trustee) is
Chief Executive Officer
2024
2023
Expenditure to related company during the year
Amount due to related company at year end
6,103
6,000
500
Page 17