Registered number at Companies House 05298722
Registered number at Charities Commission 1124251
Race Equality Network Limited (Company limited by guarantee)
Report and Accounts
31 March 2021
Race Equality Network Limited Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 5 |
| Income and expenditure account | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
Race Equality Network Limited (R E N)
Company Information
Directors
Mr Yusuf Karolia (chairman) Mr Mohammad Abbas (treasurer) Shadim Hussain (trustee) Abdul Ismail (trustee)
Secretary
Dr Mohammed Salam
Accountants
Adam & Co Accountancy Ltd First Floor 1 Edmund Street Bradford West Yorkshire BD5 0BH
Bankers
Virgin Money (Yorkshire Bank) 1 Westgate Shipley BD18 3SD
Registered office
Grange Interlink Community Centre Summerville Road Bradford BD7 1PX
Registered number
Registered number at Charities Commission is 1124251 Registered number is 05298722 at Companies House Private company limited by guarantee without share capital
1
Race Equality Network Limited Registered number: 05298722 Directors' Report
The report of the directors and trustees
The directors present their report and accounts for the year ended 31 March 2021.
Principal activities
The company's principal activity during the year continued to be of a charitable organisation.
Directors and trustees
The following persons served as directors during the year:
Mr Yusuf Karolia (chairman)
Mr Mohammad Abbas (treasurer)
Significant changes, developments and plans for the future:
REN continues to strengthen its governance and now has a range of individuals on the REN Board who have extensive expertise and skills and come from senior leadership positions within the community. will continue our campaign to increase membership and partner associates and to work with the mainstream infrastructure support organisations to deliver effective outcomes.
REN seeks to focus on financial sustainability in coming months and years and to sharpen its focus on what matters most to the communities and to partners. The Board has held an awayday workshop followed by another session to fine tune our future plans and have agreed to focus on five key elements:
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Help agencies including public sector bodies to reach out to BAME communities
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Undertake campaign work on race equality
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Hold public bodies and organisations to account for the work they do
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work with smaller voluntary organisations to support them and to build their capacity to survive
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Build regional and national networks
The organisational structure and how decisions are made:
The organisation is run by an elected board of Directors/ Trustees, who are elected from the membership of the organisation. The board members meet on a regular basis to discuss the affairs of the organisation and make the decisions from the board room. Method of election of the members of the board of trustees:
One-third of the Board Members are elected/re-elected at an AGM each year by a simple majority.
The position of Chair, Treasurer and Secretary are also elected each year following the AGM. A quorom is required (5 members minimum) and upto 16 members, maximum can be elected.
Membership is based on the organisations, who wish to support the activities of REN and represent their BME organisation. The meetings are held at least four times a year.
Risk Management
The directors and trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.
Related Parties
REN works with a wide range of organisations at a local, regional and national level. Locally these include voluntary and community groups, the Bradford Metropolitan Council, Bradford Infrastructure District Partnership, Bradford and Airedale Teaching Primary Care Trust, West Yorkshire Police, Bradford Community Empowerment Network, other the Government infrastructure organisations and Corona Virus Government Support Units. Nationally these include National Association of Voluntary and Community Action and Voice for Change in England
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Race Equality Network Limited Registered number: 05298722 Directors' Report
The Board would like to thank the following funding bodies for their assistance and support during the period:
Bradford Council and all the other statutory and none statutory organisations who have supported REN's activities
Key Achievements for this year
In the last year, COVID has been the singular dominant factor for us as an organisation over last 12 months, we have delivered the following projects:
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COVID-19 Prevention Project for BAME and Central Eastern European (CEE) Communities: To provide information and guidance around test and trace, infection control and outbreak management. REN launched a Covid-19 Helpline in 13 languages and were proud to be acknowledged in the UK Government's Covid-19 Vaccine Uptake Plan published on 13[th] February 2021 (case study 2).
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COVID-19 Community Champions Project: To increase Covid-19 vaccination uptake amongst BAME and CEE communities. This project is in planning stages.
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Equality and Inclusion Training for VCS staff: To raise awareness of inequalities faced by Black, Asian and Minority Ethnic communities especially those inequalities that were exacerbated by COVID-19.
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Infrastructure Review Workshops: 3 Engagement workshops were delivered to identify the barriers and support needs of BAME community groups in terms of Bradford Council's current infrastructure programme.
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Race Equality Mental Health Collaborative: Previously named the Bradford & Craven BAME Mental Health Collaborative, the collaborative will enable REN to ensure that better mental health support is developed for Black, Asian, Minority and ethnic communities and reduce inequalities across the district.
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Root Out Racism Movement: REN are working in partnership with West Yorkshire & Harrogate Health Care Partnership to develop this campaign in order to change the negative behaviours towards structural racism and tackle the existing health inequalities for BAME populations across the West Yorkshire region.
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The Runnymede Trust Round Table Discussion: REN worked in partnership with The Runnymede Trust to deliver a round table event providing a platform for our partners to discuss key issues pertinent to the UN Convention on the Elimination of All Forms of Racial Discrimination (CERD).
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Digital Communication: We have launched our own YouTube channel to share videos in multiple languages and publish a monthly newsletter which is shared with grass roots organisations, partners and members.
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One Year on from Covid: REN worked with a local production company, Reel Street Productions to commemorate the incredible work of the 26 delivery partners funded by REN to deliver the COVID-19 Prevention Project which was filmed across Bradford and Keighley.
REN will be developing a 3-year strategy in the coming months and as an organisation, we are still needed to support with COVID prevention work as weII as ensuring that race equality still continues to be the main strand of our work.
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Race Equality Network Limited Registered number: 05298722 Directors' Report
The trustees guarantee to contribute an amount not exceeding £1 to REN's assets in the event of winding up. Total guarantees given is £4.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 November 2021 and signed by its order.
Mr Yusuf Karolia (chairman)
Dr Mohammed Salam (Secretary)
4
Race Equality Network Limited
(REN)
Report to the director/trustees on the preparation of the unaudited statutory accounts of Race Equality Network Limited for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Race Equality Network Limited for the year ended 31 March 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
ShahbazMunir
Adam & Co Accountancy Ltd Chartered Certified Accountants First Floor 1 Edmund Street Bradford West Yorkshire BD5 0BH
10 November 2021
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Race Equality Network Limited Income and expenditure account for the year ended 31 March 2021
| Income Direct costs Gross profit Administrative expenses Operating surplus/(loss) Interest receivable Surplus/(deficit) before taxation Tax on surplus/(loss) Surplus/(deficit) |
2021 £ 605,596 (174,105) 431,491 (48,644) 382,847 - 382,847 - 382,847 |
2020 £ 20 - |
|---|---|---|
| 20 (4,721) |
||
| (4,701) 34 |
||
| (4,667) - |
||
| (4,667) |
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Race Equality Network Limited Registered number: 05298722 Balance Sheet as at 31 March 2021
| Notes Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Income and expense account Capital and reserves |
2021 £ 3,200 392,896 396,096 (4,586) 391,510 391,510 391,510 391,510 |
2020 £ - 8,863 8,863 (200) 8,663 8,663 8,663 8,663 |
2020 £ - 8,863 8,863 (200) 8,663 8,663 8,663 8,663 |
|---|---|---|---|
| 8,663 | |||
| 8,663 | |||
| 8,663 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Mohammed Salam Secretary
Approved by the board on 10 November 2021
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Race Equality Network Limited Notes to the Accounts for the year ended 31 March 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Charitable expenditure
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following :-
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a. Costs of raising and generating funds
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b. Grants and donations payable in furtherance of the charity's objectives
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c. Activities in furtherance of the charity's objectives
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d. Management and administration of the charity
Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
Analysis of incoming resources and analysis of management
and administration costs
The details required by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales are shown in the Statement of Financial Activities (income and expenditure account).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 (i) Donations and income generated as a charity Donations and grants |
2021 £ 605,596 |
2020 £ 54 |
|---|---|---|
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Race Equality Network Limited Notes to the Accounts for the year ended 31 March 2021
(ii) Costs of activities in furtherance of the charity's objectives
| Direct costs and administration costs 222,749 3 Employees 2021 Number Average number of persons employed by the company 4 There were no employees with emoluments in excess of £50,000 per annum 4 Debtors 2021 £ Trade debtors 3,200 5 Creditors: amounts falling due within one year 2021 £ Trade creditors 3,000 Taxation and social security costs 886 Other creditors (accruals) 700 4,586 |
- |
|---|---|
| 2020 Number 0 |
|
| 2020 £ - |
|
| 2020 £ - - 200 |
|
| 200 |
6 Related party transactions
There were no related party transactions.
7 Controlling party
The directors (trustees) have control over the company.
8 Other information
Race Equality Network Limited is a private company limited by guarantee and incorporated in England. Its registered office is: Grange Interlink Community Centre Summerville Road Bradford BD7 1PX
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Race Equality Network Limited Detailed income and expenditure account for the year ended 31 March 2021
This schedule does not form part of the statutory accounts
| Incoming Resources Community Action Bradford and District/ Bradford CABAD COVID Prevention Programme Grant Public Health Commissioning Interest receivable Other misc. income Donations and grants Costs of activities in furtherance of the charity's objectives Direct costs Purchases Covid Prevention Programmes and Partners Administrative expenses Employee costs: Wages and salaries Employer's NI Staff training and welfare Motor expenses Premises costs: Rent Rates Light and heat General administrative expenses: Telephone and internet Postage Stationery and printing Subscriptions Insurance Equipment expensed Software Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees Advertising and PR Total administrative expenses Surplus/(deficit) before taxation |
Unrestricted 2021 £ 13,740 538,646 50,000 - 3,200 605,596 5,090 169,015 174,105 26,341 388 2,000 33 28,762 5,000 - - 5,000 428 18 549 144 653 2,510 2,482 - 6,784 500 6,500 1,098 8,098 48,644 382,847 |
Unrestricted 2020 £ 11,250 - - 34 20 |
|---|---|---|
| 54 | ||
| - - |
||
| - | ||
| - - - - |
||
| - | ||
| - 57 32 |
||
| 89 | ||
| 165 - - - - - - 124 |
||
| 289 | ||
| 200 4,110 33 |
||
| 4,343 | ||
| 4,721 | ||
| (4,667) |
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