CryDpDy y¢gisNiots nmber. 07663315
(l•Tityr¢￿￿tsth mrynixr. 1143830
Race Equality First Limited
(A c￿ limite4 by alw￿)
forth¢ Yur 31 Nl#¢b 2024
HSJ Awlit Limitrd
RcBiStered Auditor
Hazell Dnvo
Newport
South WAI¢s
NP108FY

RAtt Flrst JAmlted
Contents
Strntegic R¢p
2toS
Ind¢p¢Dd¢nt A￿41*1￿1 Re[￿rt
6t08
Ststanellt of Fitsthe]￿ Athivili
91010
Bilatte Shtti
StstCmC￿ of Cth M¢
12
Notuto the Ststemthts
13to27

Strategle Report for the Y￿r EDd¢d 31 Mar¢h 2024
31 MaT¢b 2024. in ¢(￿11￿ v&ilb 1414C of the Act 2￿.
PoA¢y om péserv
Th• onwu8 of Living bu Rquirtd BAe¢ ￿4￿￿lty io to adapi •lld fitra altert￿tiVe 8olutiorJ
r￿u[E￿ to find new lo the De¢15 ofourbeD¢fKiaii#.
Th¢ iwplw 7t4eTves allow Rxe Eq￿lIty Flnt io m•n8Be ¢trong¢ •nd ¢r¢•tr • mon robu￿ Cff8gniOatiODoI
itructure. Over th¢ L¢xl fits•rÈ¢ial yur, 2024.2025, the followiD8 *divitits ￿lT¢s1t d¢vdopIlluLts iTe
p]ann¢d for tr* (knttimlith:.
• Maintainin¢ the redUDd￿cy 10 £89.462 w rt(]ed th¢ cwr¢ffj tsffinR kv¢Js
Cffltimiity of ovr c(ffe xrvicel. re￿￿¢￿ whd a&liiionai mff rolos from tyjr thrntr8i¢ Tetoryes of £216215
• A review 8t￿ ￿p￿ted CERD Shadow Rwi for W•ks oAd dEle8ation to the Unlt¢d N•lioM itt GenevA rt A
co# of £60.r
*éJldl
Thor¢•v¢ Th) deficitw it31 M•r¢h 2¢n4 bel￿ D)¢t froty UM¢kncted Teoem*.
The IllVegtin￿ policy tht b￿C thpled is duipcd retwnl at low riEk I￿1 ii regul￿ty
revi¢w¢d by the FiDwKe coll￿￿11¢<. kny tr)t (knnn8 the ycar is rt•illW¢JtryJ itsto tbc ￿tl￿ti¢￿ of the
G￿trAIR{lkMllmogtTrjf￿I
overhead costs f£¢ $ix months in utiJik¢ly ¢irtunI9￿¢8 il llo l(rfy recaved fvthg.
The StrAt£￿ report vms lpF￿val by th• orth¢ ch•Tity(m 17 May 2024 aTh4 on 115 behalf ty.
Page I

Th¢ truste¢4 who ore ithredrA8 kn thr puryx)6ES of ¢4Jmpany law. Pre￿ tt* *rIDU￿ Tepon with thc
fuwll¢ial stakmth •Dd AuditOTS'W ofthc charitsble cowy for the ytAT ended 31 M•r¢]J 2024.
W¢ are ple4Aed ro iyrt i Imlthy balance fw OUT pl￿erf proje¢ts •gaim W¢ 6¢cured three
M￿lIeT Wt5 of fin￿7￿¥ this year for th¢)rt.ttm, tyywed Proix￿ io ftsr w￿l1d ￿[erS ind lo
promole health and rth]eM for 8roups *¢rw &vJth w￿e1. We h•ve alEo 8e£ymJ funding fmm lh¢ Nationlll
L4lt¢ry Fuhd io Black and Minority EthDi¢ p¢ople a¢ros¥ w￿¢8 About th¢ir civil 5esal
Th¢ proj￿1 4150 providrg It¥iDiDg for for Klwol S￿dents to edut* about
hwgehold ifrms repAiTS. food aDd tkthiDg. W¢ *A%r¢ •lw suc¢eMfvI in In appli¢*iion to the Carm Trn6t
W•lei Shon BreAkn p￿￿dIng Short tri￿ •nd activili# who frqu&LtJy put their ow
he•lth And bold whibt C•TiJ¥ for th¢ir lov￿ both ofthele support
1.558 utt￿]d iince April 2023.
The N¥iional Grid A¢tive C¢4nTowiliu Fulld •lloThTd u to iw•rd gThDts to &rAIIu 8TWP$ Ind orgglli8thion8 to
provide wxiviti¢s to th¢ir OWD b¢uefi¢i•rits. able lo pur¢kne gym wj fithcst equipm¢ffi. or
y forpoDI, pitch Ven￿ biff.
Followin8 the lAu￿b of the knti-r•lN￿ W•Je4 A¢¢lL￿ Race Equality Fir￿ JJ•s pryDvithd 8uidancè to &
v•Ti¢ty of publi¢ vxtor or￿tI*l￿ on hov the Anti-rAci# Wths Aetlon Plan within Ih¢ir own
poli¢ies proc¢¢bJT¢i. Ow Financial and Di811￿ In¢lwi¢)n rrfoJ¢¢i h•$ pmidd advic¢ •nd •upp)rt ts th
ficiD8 food and euel povwry •Jd p¢OPh￿ ¢l•im their tDtitJUn￿lS
It b¥ been at)￿h¢r y¢ar of and 4¢b]evU￿1. Th¢ MEE in Mind Projed 1.315 people
d 529 people were ew8d im ow e4kn4tioA•l tt#ioN. The DiJ¢rIrDIr￿ti0ll oDd H&te Crim¢ Cu¢wozk s¢ryi
ist¢d 305 vidimi al￿ hve 1877 itsj1*d￿11, iKluding 1.724 pupilB, in Acism
ODC¢ iym, Equab"ty FITJI Con￿1]dat￿l its positi￿ u the It&1 orytiimtion io WAk• fot fi8btin8 for
i￿1¢¢ for victiw ofdiWn￿IwoD axbl bth vè the yetr iti * fu￿*llY 5tron8 wilioti,
For Ra¢e EqU￿tty Flrtt. itrategic plannin8 will b•¥¢ • wtitinuiD8 for￿ OD er￿ill8 th•1 tb¢ public Jeclor
in)pl¢m¢n¢ •nd •dh¢re to their reSE￿n11b1]ititr5 existiD8 lest￿￿1￿ •Dd Anti￿a￿tt Wales Aclion Plan.
Thc yc4r all¢￿ will focus on the J￿8 of our b¢hefi¢i•ries in dv•lin8 wrth the ODSOit)8 eOMwof-livinB eriiiB'. the
health ond ￿lfare of th¢ cOmm￿]tiM w¢ work frA our rtacb thE KTricei ￿lth
¢w¢tllly w￿¢￿try¢ th¢ MinoTity Ethni¢ ¢t•nmwiiti# ID WAle
h8¢2

Raee Eqll•Uty Ftrlt IAmlted
ffbllebthé
The Charity 1$ i wolwntory attd ¢btrttsble oryDisitiL¥L Nthich *io)S io th¢ eli￿1￿41ioll of r•¢1
diicrimiNtso4 prnTri* ¢qU￿$ty of oppxtutiity AkYOSS •llpiotetied charnct4yi81ici withiD thE Eq￿lity Att 2010
Tr {Tr8￿lIatI(•I Aiml ¥thith•ed Ibmuqh th¢ thlivtsy of 12 •1 F￿￿]Ity
FiT31.. DiKrimiNtion knice., Advoc¥y fw Victiml of H•t¢ Crtme,. Advocacy for EtbnTc fvsinority
Peopl¢" TTrlliin& Poli¢y Develcothen(' Ix¥hb Idvocy. w￿lbe1D0 xlivitie4 & supporf: culluraj
11Le ty8ter4 thllt tbry ¢oTrplid the r¢quIrttiX￿ts of rtdion 17 of CThwitieJ A¢t 201110
v¢ du¢ Y¢8ud to th¢ publi¢ bu￿fil wbbth¢d by thè (Jarity CoDwil￿ for Enxland •ttd W•le•.
R¢fer¢nee ##d Admllltstril￿ Detsl
1143830
07663315
FJc4x We61
I lJ-116 Bu* Stre
CFIO SEQ
HSJ
Rcwrterd Auditor
H￿1[ ￿j¥*
South WAle•
NPIO IFY
Bankm:
Unty Th¥t
NI￿ Bri￿ PIX¥
BI 2HB
Tnut¢¢B and olfj¢en
Pay3

Raee Equallty Flrrt LIAklted
Khalid Osmu
C4th#ine Eunon
T•h• Ydri•
Mutsh¢r Jd>th Kbats
Gwmit S￿b Band￿wI 23 Jw 2023)
R¢yn¢Ne Rob¢rn (appolnttd 23 2023)
Dth Cn
im JaTD•J (•mMnled 23 2023)
stru¢ty￿ Amd
Th¢ Chuiry 18 co￿ti￿￿ed ¥ • ¢omptty limil¢d by its 8OVerniD8 dOcuM￿tr 4T¢ its
Mernomhlum w¥J Athl¢8 ofA5￿clIti￿ Its QArity Nuokn ii 1143830 •tyJ Compw i1¢81K￿l¢M 7663315.
Tru*eei *re elttt¢d by mernt￿.
TrpJ91ee• #e Atqwini¢d ID I￿OrdIne¢ with oul in the •fti¢les of ••xi11soL A ¢opy of tho
*fiicle& of¥¥o¢i•tion th aVAitsbh from tt* Cornwy Seatw ai the It￿￿ter￿ office th5.
New Th]8te¢s have •eus8 10 8¢45iiw lo brief then) 00 tht4r le8al obli8•tioDs ulldEr ¢th￿lty aDd compwy liw.
the cottt¢tst ofthe kfcn¥)rath Arti¢1¢4 ofAswKi•tioL thc rlryllmi￿ wyd *isionvm4king PDXUX9. the
employeei And other Tnwtts. Tnutees are abl¢ to attcnd ¥proFrfiJle txterEwI tr•in¥ng events whtrt th¢K will
f•cilitst¢ the ￿ of ¢he rok. A DirectOTrrnMke H￿th0Ok h•5 beah ojtopllesj to pM•ride key
information INJ 1$ iviilible to all Tryrt¢¢8.
None of th¢ trubteu b¢D¢thi*l irterut iti the CthDpw.
The day to dAy fooDiD% of the Cbuity and delivNy ofpTOi*ts is wxkr th¢ emtroi of¢be CEO Ind he( staff. Tr
CEO rrpor(s ikT¢rtiy to the Board of
PaA¢4

The ¢nJst¢¢¥ {wkn are kn th¢ dit¥cti)Th of Ra¢¢ Fwlity FA￿t Lithiw fai tht pwpoxs of CLYnPany knw)
COm￿Y low reqyir¢8 the tnw•u to prtyre fmwia] #atemeDts for each fiDthciÈl yur. Under llw
the tr￿te￿ musi Ni approve th¢ fjnall¢iil ttykss ¢b¢y #Te s•tisfj¢d tbal thcy Biye a atKI fmir
of the stsfe of iffair8 of the chaTitsbk COrnPWLy and of its rcBource8 Application of re40urcu.
indudin8 its ill¢4Th •Dd ¢xpothtir< for thii puiod. Jn preyrin8 thtte f￿￿la1 o¢A*meth, the TMtr¢s a
quirtd to..
ob¥erv¢ the m•tho& trd iti tb¢ Ch*tlti¢s SORP,.
propare the fin￿1￿1 ￿terneIbts on the going bw it i• 104?￿¢ to p￿u[rn thi the
¢b4Titable ¢ompry wllj ¢cffjtinue in bwrrtas.
The trdsiees are r￿F￿Nible for keepwg t￿orth Mfficy¢ut to sbow expkniD the
cILArirable comp4t)y'i tr￿￿CtiOn￿ Ind disclose ￿ re•wnthlc li time the finw1t1￿ position of the
charitknle ¢OthP*Dy ¢n*bl¢ th¢m to ¢Mur¢ thtt ts fill•[Ki￿ •t•t¢ll)￿ ¢omply with thè Cow•nico A¢1
2006. They are also respowible fry the asaets of thc chan'table coJnp•ny iK4Ke for tskin8
r¢Aion•ble for tht w¢v¢niioJ md del￿1*)0 of fra￿1 ond otherur¢sul•riti¥.
of (• •Mdllor
EAch trwtse IAS tBkem ￿ep8 that t￿ oulbt b) blve tthD u a fntsta¢ th¢ra￿1Ve8 iWOT¢ ¢*f￿Y
r¢l¢vpttt 4vdit 1ofornJ4ti0n Jnd to ¢uthblish that th¢ Ch￿sty'S authtor is awue of th•1 infi￿•tiM Th¢ tswt¢
¢onfum thAi tb¢x¢ li r¢kvAnt inforn*￿ know of of vkni¢h they kllow the Auditor li w•w•r¢.
The 4nnuAI rygrt •pwov¢dby th¢ tn*a of th¢ ¢hwrfy 17 Moy 2024 Iud li￿d on its b•hAlfby:
TrD5te¢
Px8e S

Race Equallty Flrrt Llmited
IndepeDdeDt Audltor'$ Rwrt t• the Mejnben of Ra¢e Equallty Trlrst landted
Oplnlo
Wc baye I￿111td the fllthtttixl ststemthts of Race EquaEtty Fir￿ Limitel (the 'charity) for the yw eftded 31
Marcb 2024. W1￿Ch COMWLSB the Srntement of Fin¥￿7￿ AGtivitie4, B•lw)G¢ Sh¢¢t. Sf¥tonet)t of Cash Flo￿￿,
•nd N¢X¢S tr) the FI)￿claI S¢￿e￿￿. inchth8 a SLllDTEXry of 5igDifi¢kni ac¢thuLtiD8 p)licies. The fin*Dci
TCPOTtin8 fr￿n¢wOrk thit bs kn Appli¢4 iti tts¢tr pwtion is United Kitt8dom A¢¢owrti08 s￿0d￿d$.
¢OnWriSiDg a)an"tie6 SOV- FRS 102 Tr FiDEn¢ial RtyKJrtiog Sthtthrd wlicAbl¢ the UK Atsd R¢publi¢ of
ITelond' •rKI Appllt¥bl¢ (Unittd KJo8dDm Ge￿[%￿Y Pr￿*"¢¢).
In OUT OPiDiOJL the fin•n¢i•J Jwemcnts:
8ive 8 tnw 2nd t•ir vi¢w of the tste of the rI￿lI￿S iffm 31 Mu¢h 2024 und of its
for •plnloD
W¢ ¢otsdu¢t¢d our •ydit iti •¢¢oftkn T￿th ltyaJ•tioD•I Swdarth oll A￿ltiD8 (UK) IUKI)
liublo law. 0￿ Tt4%)Mibiliti¢b Urtder those de￿rib)I in th¢ •uditsx rel￿￿81b11Itlts for
the of th¢ fir4wiil 8t•tNnenii Beaion of ow rEPOrt. We ￿¢ ithw¢Jthi of Ch￿￿ty iti •ceordan¢e With
the cthic41 rtqwrn)witi thAt •re r¢]ev*hi io otsr adlt of the fillancial tt4theDts in the UK ITICh￿in0 the FRC.'$
Fth1￿1 StsndBrd. and the proviiiots available fth $th￿l rnliiieg, in cir¢w))•w)tts in noie lo the
rmth¢iAI $tstem¢Nts, •nd w¢ have fvlfillèl our other ethical iliiiu ID *cwTdgn￿ with th¢•e
reqvw￿lCllt¥. Wc beli¢v¢ the awlit rVEd¢￿ * h•v¢ obt4iT•I is syffici¢ffi ihd •ppropri•* to provide &
Iwii fw our opinion.
In •uditing the fiNn¢ial Mtem¢nts. h•vE ¢on¢lud¢d Ibrf th¢ try•t¢M UX4ofih¢ 8oin8 con¢¢rn buil of
a¢￿￿ntin£ Ln th¢ pryTrtion of the 6DrnEi41 sNenwnlb li WiAte.
¢olldition¥ that. lpdi*idu￿Y or Coll￿(1Ve[y. miy t4￿ 8i8Difiunt doubt on tht chwity$ abi]ity to conlinue u •
goin8 collcern for A wiod of at lew twe]ve D>Jnthi from whro the rrfizi#•J stst¢D*nts wtre authoriBed
for iwj
(hr responsi￿rItieS Bnd th¢ ￿sPODS1bllit￿* of thr l¥ty1tt4 with I¢1p￿t Irj 80108 ¢oJ¢¢rn •Je the
I¢vAnt sectioro of this rtpon.
Other IRforni*tlo
The trustees are respjniible for the otheT Thfonmtion. The other Inform•ti￿ ¢omprM the tDfozm•tion included
in the anmJa] report, other tbe finwjal sthtemeth Illd our 4uditor'5 T¢POrt Our op?nion on ttbt
fmanciAI tht*menti Dot ¢ovtt the othtr infLYm•tioh ex¢¢pt ¢xtw oth¢rwis• txpli¢itly slatcd iti
ow i¢porL we do nol expre81 I￿Y fornj of ton¢lul¢Jn thffton.
¢oti1￿100 with audit of the fiJun¢iai our rc4Kuibllity Tud the other infonLation a
ill doiDg ￿, co￿10¢r wlth the other ithThtioD is Jmteriilly ifj¢onsist¢nt with the fJn8tt¢itiJ s￿eme[Lts or
kTw)wled8¢ obt#in¢d ffi th¢ #udil or ¢)ther￿ Ippe￿ to b¢ ll￿t￿la1fy miMt4*d. If w¢ identify $uch tn*tsri*l
iiststeDxnl in the F￿￿ClaI stllttm￿ts or a mlltcwid rnlBs¢•lN￿ of th¢ otF*r itifDmiation. l( based on tbe
r¢qw'r¢d w re[￿th￿ facL
PaÈe 6

Independent Audltor'6 Report to the.M¢mbtrs of Race Eqll￿ty Slrgt Llmlted
OpJTth)m •n •lher wttern ?reKrlbtd by the Att 2096
In Ouropinio￿ on the UDderfkn ID tkn ¢£￿￿e of th¢ •udit:
th¢ inforn*liort givm ift thc Sttate8ic Ryrt and Ttwi#s' Rwrt for th¢ fiDwial yw for which th¢
*ltw• vlkb w¢ •re r¢qMlrnl to r•p•rt by exetydo
bj thc li8ht of our knowledge and ur4dern￿n8 of the cbrity •tyd its ctsViT￿ll￿l oM#lntsl in the of the
audit. w¢ not id¢fjtifie4 mi#tsteJb*Jts in the Strotry Rwl and the Truthej, ker￿.
1¢p￿1 to ]( in ￿0pm1(￿..
from brnn¢hu not wjited by￿ or
we bave nL* rectived Ill the infonNI1￿ ￿K1 ¢xplwAllth* ￿ rw4uire fiv IMr*udiL
Re￿O￿lIb￿[thi Df trurttts
As explain¢d n*)Te fvIIy ID thE Styt¢DWM of <#t ￿al OD pw S}, the In￿1¢￿
reyThsible ft¢ th¢ prep¥r8lion of th¢ fiDanci•I •tsi¢m￿tr Ind fw beiti8 #tiÉfied they Bive i In* flir
view, •nd for buch tnttrnAi control ts thè trwte# deten￿ IJ ll¢ce•l￿ w aJ•ble Ib¢ pr¢p•rntiots of fir￿￿¢1•]
rn pw•rin8 the fmwKial stAteDxttts, th¢ Irwtw ￿¢ fot W¢SSiD# the ¢b•Tity'8 •bi]ity ts) ¢oti¢lti￿ i¥
• goAth8 Conm disclosi4 u oppliubl4 llJ•tterJ w¢lat¢d to 80in8 ¢onm ￿ usiD8 th¢ goits8 con¢¢rn bA6i8 01
wnuive but wdo w.
Audlt•r reW￿lbIllrf￿ for tht iudlt •f fbe IIM*•d*]
Our objec4ives to obtsin r¢•xwble Aboul whethtr the fitsèDci￿ • wholo arr fre¢
from mitttio] miststrincDL wJKdKr to OT aror. to i4sne in wdityr'i Fepth that include4 our
QPiDiOD. Re4wnAble a kn8b leyd of isÉur*D￿. is Doi • th4t Dudit conthLCtbJ in
4¢¢orth￿ with ISA5 (UK) will •lw¥ys dc1¢￿ • zDDlcri•l it Vl81$. Miutaremetsts c4n 4TiS¢
fTQm fraud gr eTror wnsid¢f¢d m•t¢rid i( iodiv¥lu•liy ¢x in ttb¢ 188rtgate, IlKy could reaBonably b¢
expected to inOlleJce the ec4noroit de<i$ions of wrs t*k•) OL & b•sis of Ett>a￿l&l ¥thterneD
The ¢xtsit to ￿1¢h tyjr proeethw¢8 are ¢yb]e of de￿1)￿% ￿￿￿arli)￿. ineb)￿"￿1 frwd is detiil¢d below.
Bwd on the re4ult¥ of our rijk w¢ d￿1￿] wr •wlit pNxtiluTU kn i&Dtify m•t¢riAI
rniSSlat¢merJt> ill r¢I￿lDn10 fr•)Hl.

Ind¢pendentAudltor's Ryrt to the Member8 of Rtte Equallty Flr8t Llnfft
A fithher deS￿l￿1th of 1¢ •v•ilabk on th FWD¢1￿ Rwtin8 Co￿￿11,$ 8t..
of ovr report
This Ttport is wlety w th¢ MQ¥•DyI In¥t¢eJ. •0 • bfyty. in with 3 of Part
16 of the comp￿LitI 2W6. Chw •udit i*¢n $0 th•x vrt to the Ch￿Ilv,1
iuiees th￿t mittm ￿ Arn wwrtd to to kn in ￿ auditor s for no ther pwpJ3c. To the
fvlleii extent pmitted by l•w, ￿ do not or iliTh' w Anyone oth# thln the chKitsbl¢
¢4rAp•ny jnd its as• Wy. forour wxlit for thiz Ye￿r( or the opiniLW ￿ bav¢ fom)ed
Mr ADdr¢w Hill FCCA ACA DThA BFP (Senlor Stsnrtory Audhor)
For and on behaifof HSJ Avdit Umittd. Stsbjtory Audt
Sevryj Hou
Hazell Drive
Sowh W41
NP108FY
21 Miy 2024
P•ge 8

Staternent of Fhwiaal A¢dvld¢s hr the Y¢Ar Ended 31 M4reh 2024
OncludlDg In¢ome and Ezpendlture A¢eoutht aod Ststenlellt of Total Ret0Enl￿d G•in$
And Lonej)
Totsl
24
fu•
Intom¢ Ind EThdoww¢4ts fr•￿.
Do*￿10r)S Ind legacic4
Ch￿itable actsvitsel
Other tr￿70¥ ￿1vIll¢S
13399
13,399
617,320
13270
2,948
492
617J20
3,340
9.930
1948
Othcr incoT
Total inCOTn¢
Exp¢ndl¢¥rn •n".
Chuitsbl¢ xli¥iii¢i
30.6661
expeDditUT
1711)
13 1051
(80,52
(81,237)
N¢t miw¢nKnt in fiJndi
(13,816)
(67,421)
(81.237)
R¢eoMdllitlon of fvjdi
Totsl Jmds iyoughi forwltd
710 S69
19
431317
198,015
Thc OD pyge$ 13 to 27ftsrm ￿ ifjte8n] pm of lkne *m¢trts.
P•g¢ 9

Ra¢e Equauty Ftr8t Umlted
Ststsm¢Dt of Flnalld￿ Aedvhlu f•r th¢ Yw Ended 31 MArch 2024
Undudlnz Intome and ￿PendItUr¢ AecouArt and Statement of Totsl Recogn1￿ Gathi
and IAHes)
Totsl
2423
rD¢ome E•dowmtDts frnm:
Dpn81i0Ths and I¢£Ades
Ch4rit•ble Activili
IXheT t￿dIn8 aCti￿ts
Inveskn¢nf income
Otthcr income
268
93.994
24.2S0
1.140
8.818
268
661,055
29.165
1,140
567,061
4,915
571
128 470 ￿76
Expendltyrn OD:
5BO 632
Tot41 CxP￿di￿re
Net in¢ome
96.715
23.099
71.325 3251
119,814
N8tThJv¢m¢ttt in fund•
168.040
{48.226)
119.814
R•con<ll1•￿•￿ •f fvttdi
Tottt] brou8ht forwtrd
Toial fimdl e*ri¢d forwvd
19
265 436
710569
All of the ch&ritys activiliu duive from ¢ominuinz op￿￿7(￿ th¢ •bove ￿ periodo.
Th¢ for 2023 is th)wn in nott 19.
Tht not¢s onp8es 13 ￿ 27 fom aD iDtegrnl wl of thex fiti*KiJl 5tsleD￿ts.
Pale 10

(Iteglstratlon ttumber: 07663315)
B￿Ante Sheet as a131 Mareh 2024
2024
2•23
N•te
Mycd itsets
Tan8ibl¢ ame
14
3,654
6.42¥
tkbiors
Cath 4t bank and in hwd
15
114,247
541,676
655,923
73.778
677 372
Credlthr•: f•lltht d*• ye•r
Net curr￿1
7SI,150
47.009
N¢t •1•ets
629
710569
Funth of the thArlty.'
Rutrl¢led Ij￿10t
R￿tr￿ed fiJTrd$
198.015
Unrertrlct¢d ID¢oo* t••
Unrutricfvl fw
265,436
431317
TotAI futsdi
19
710569
Th¢ f￿￿111 **tellMDts OD ￿¢0 9 10 27 Thwe 4yo%Yd by the truth￿, toT iMu¢ on 17
2024 iiwd on tboir l￿bY.
K¢bkn Kwiw TrdaDThoh
Tn]Bte¢
The I￿¢8 on poEe$ 13 to 27 fm an mtwal p•rt of finaJKiJlm*D*n
hgell

R#¢* Equality Flrst Umlted
Ststement of C￿h Dlows for the Yw Ended 31 MAr¢h 2024
24
2023
Cmh no￿ frorn operlthii iedvttltt
(81237>
119,814
AdJwlm¢nts t• caih I]•￿ oon44•h Ite
1774
4.127
(81.4111
122.801
ltsoti$e iD debto
In¢reate ?n LrditoT¥
15
17
(40.469)
12,197
{83591
2.311
N¢t ¢•th flow• from ¢)pEr•tin8 •ciiwitie*
C•ih nov￿ from lyjvulthg itflvhl
(138,6441
47.108
Net (decrw¢llth¢rn•M h cub •Dd ¢ub ￿]y&l￿Al
Cuh Ind ¢tsh L¥Trunl¢nii •1 l Aprij
C*th lpd cuh ¢quiv•loth it 31 March
(135,696)
677
72
48248
AU of the cuh I]0￿ •r¢ d¢rivtyJ from ¢MtrwiD8 OF¢NI0￿ the •bove M pmcth.
Th¢ nolr& on pge5 13 ￿ 27 fomi inte￿1 of trse fir0￿1¥1 ￿teMents.
8¢12

RA¢¢ Eqknallty Flryt IAmltrd
Note¥ to the Fltsan¢lal Statsnbents for the Yt*r Ended 31 MArch 2024
I Charlty*tstyi
The charity IB limited by ¥U￿r￿tt. in¢<wpornltd ID W*lo Sod d￿$ tsot h8v¢ sbare ¢￿1￿1. E
of th¢ trustte4 t8 liabk ￿ ¢ththbule an ex¢¢edill8 £1 low*rth tk IS￿8 of th¢ rlwity iti th¢ ev*1 of
liquidatiOJL
Th¢ A4dY¢•s of its resi#ett4 offic¢ js..
First Roor W¥t
113-116 Butt Str¢¢t
CF105EQ
2 At￿￿#thi¢ poudu
SurnM•ry ofi*nlfltswt I¢¢￿￿dDI polkl*8 kry estkni
The pn'ncipal iccoufvtitig wlicieJ awlitd ih the prepu81iots of thEse finlDci￿ Ire xt out below.
Thele policies h•ve l)¢en ¢<wi• applitd to dl the )w¥ W¢4entsd urht¢M 0knVi￿ itstsd.
Ststem••¢ ofwlknne•
Stht0J￿J1 of Re¢ommtndpJ PThcti# lappb'ubk to ehritia prwin¥ th¢ir •¢4sJJnts ill &c¢ord*￿e with thé
Fillw￿l&l Rcwlityg Standud ¥q>lioble 20 the UK Repub]i¢ of Ir¢]•J￿ IFRS 102)) {iisu¢d in October 2019)
. (Ch￿1￿￿ SORJJ (FRS 102)). th¢ FI￿¢]11 R¢p￿1￿ Sia4dAnl aKJJi¢thk itt th¢ UK & Republi¢ of hllnd
<FRS 102) Ind the Cowantes Act 2ixis.
BuA# ofprewffttlon
R#¢e Equality FI￿ Limitsj the definition of 4 ￿blIC bwfii e4tity FXS 102. 4Dd liabiliti
Ire jrriliAlly re￿￿1th1 It hiitori¢al colt or ￿1￿¢ onlesi Jts*d in th¢ relevAnl acMuntin8
)li¢yftotu.
Colng eoatern
The tnw•es consider th•t tb¢re are no m•tuiAI I￿l￿tieS •b￿¢ the chÈrity's ability ro t￿tinU¢ u a 8tsiD8
¢OnCaD Dor thy si4Difi¢•Dt arvu ofW(￿￿ttty thai aff￿ the<witi& of asse￿ he]d by the cknity.
Income #ud endowm•Dts
All irKomt Is re¢o8n15ed oth¢4 the ebarity h•5 to the itits)m4 it li prob•blt th•t the locom¢ will be
rc&eIvthl th¢4mK¥nt of ¢b¢ T¢¢tivbbl¢ be reliably.
Donations re¢ogn¥a when the chanry beth r￿lfied in writiDg of FKJth the lmcffjni thtc.
In the ¢v¢n( thlll a don•ti04 is 8ubi¢¢¥io Co￿lI10n8 that r•qwe A l¢vel of by the elwity b¢foT¥ th•
obarity 1$ ¢ntitle41 to th¢ fimds. th¢ inc47rn¢ is def¢rted 4￿j not TteowM5cd Umil cither ¥or￿lti￿1 ore fully
tt)¢L ￿ th¢ Mfilnxnt of thoK ¢ondIiio￿ li wholfy withiD & r￿trol of th¢ ¢lJ*ity il is ￿bk ¢ha¢ t1￿
cond¥tiODS wll be fvlfilled ID the fWlin8 period.
P*2e 13

Race Equ￿lty Flrst tAmlted
Notes to the Flnandal StstemeDts for the Year Ended 31 M•r¢h 2024
Ilr4nt8 AIO K4x)un￿l for in tht fjttwial wh*h tw rel•t¢. Grn)ts ￿¢¢ivEd w fil￿n¢t the COM of ftx¢d
peTic4 for whic14 it h•$ been rertived. Suck inwne li ollly def¢nrd
. The donor hu imyd Ca)nditi¢w whkh be bef￿¢ th¢ ¢￿ity h• Y￿0￿dI110￿l emitlernm
Chovlt•bl¢
p•Ddit•re
All ¢xpclldiluTe i¥ rKo8niued thu¢ 18 • ItOAI or ¢£(•tr￿1¥¢ obliptith) 10 txpendimr¢, it is probabl¢
settlemem is r¢guiTed •tyJ the can be reiilbty. All cojts I￿ rillocatrd w the •pplie4bl¢
expenditure headiDg ￿1 a8gr¢yle sim*]•r ￿11* to thai utrytyy. WILtt¢ cannot b¢ directly attrilw￿l to
p1rtic￿lllr hudiThp b¢¢n •llocAfed on'i ba¥1¥ Cm8L5teni with the of TeBouTf¢S, wlth cen¢rnl st4ff
colts all0￿￿1j 00 the b￿18 of time *tsd (kprecS•iion dhBryes Jllocated OD tht portion of th¢ 86set'i
Othrr suppxt t￿11 •r¢ lu0cat￿ b•É•d on th• or¢*l of Alff ¢uts.
Ch¢rlMble
Cknitsbl¢ ¢xp¢ndiiurt tornpris¢8 tknse ros¢$ ￿ by the ¢knriiy ID thc delivtry of its •dlvitiei •Dd #ryir
fff its buL¢ficiArie4. 11 itichLde# both coths bt ￿loCal¢d dY¢ctJy ￿ wclL xliyitiu I￿1 Ihow c4Trit• of
Provi£ioN for art m4de the iwthiioo to th * beerh communi¢4t¢d to the rt4sp¢nt but
rhert is Ibout eith¢r the timiJ4 of the gt•ni or thc ￿l￿nI of pay*bk.
The￿ in¢lude the ¢4M8 OtknTrutsbk ts the thrity'l with ctikntimiolld ttquirtm¢ols,
iD¢ludin8 wdit. $tralegi¢ Dwern￿l and mteliny and reirtiburaed ¢xpensN.
Tix•tloM
Th¢ chariry i¥ ¢4Nidwed to pw thB i¢sts srt ¢4)t ID P•rw4pb i S¢bfyJth 6 of the FinatKe Act 2010 and
thff¢fore it meets thc d¢fmtiion of a e16oTTt&bl¢ eryy f(ff UK coy)rntion tsx pwposes. Aceordlngty, Ihg
charity is potentially ¢xempt frorn in respttt of iDf(uthe or cllpitsl PiD8 re¢eiv¢d vrithin ¢AteMwi
cov¢rnd by Ch•tser 3 Part 1 l of the CowFmtion f•x Ac¢ 2010 or SxtiOD 256 of the T4x*iior& of LTh•rgcknle
Gaills Ad 1991 to tk y￿b lye 4pplJed rx¢]wively ￿ rJwi1gbk puws¢B.
P•ge 14

Notts to the FlnAlltlal Ststsments f•r tht Yehr Ended 31 M￿Ch 2024
TAnglble fixtAI
Indiiith]Rl fixed ￿Yets £l.(#XI.00 or rr#Ye are iprtslly rtaxdtd al ctht.
AmoTliulTon is provthl fkxe41 •Avts w as ÉD wil¢ off thE crf leu Illy ¢*imthd ￿141￿•1
Ali•¢ el*
AuJot1ts•tlon *•th•d •sd rA
25%thigbt line
D•prEcfiAtiDn and Mmorlii•tiOa
D¢kYe¢t•tioD li Wov1￿ c4J t•ll8ible fjxed •0 u to ￿lte off the co# or vahw11￿ lels Itty estim•te4
Depredathoth zn¢thod •od
25'A line
Fixtprn & fittinii
Trldt debton
Trod¢ d¢biorn •re illiii￿Y ￿ the pnce. They ue w￿U￿tlY at amonised ¢o£t
tho ¢ff¢aiv¢ in¢¢r¢n lem prvviiith) fot im￿lti1￿L A WOVbliOn foT the iDwitnDthJt of tr￿¢
debton 18 ¢8tsbl58h¢d th¢rt li obj¢¢11￿ evid￿ thè dJ•rity fwI]J DOI b¢ abl¢ to ¢dl¢rt all *mounts 4
ic¢(ffjdin8 to the ori8￿1 tenns ofthe receithlu.
Cwk And
Ca•b and equivalents cull Iwid and c4ll &pDiity MKI other •hort4rn higbly liwd
irtv¢iin%nts lknt ￿¢ r¢adily eonv¢rnNe to i krthvn of ¢•th •nd K¢ wbjed to ￿ iWi8mficant riik of
Tr•de tredlt•n
Trade tt•diton •rn obliytioni for Dr serviets t￿¢ b¢¢M a¢qulrnl in the oydmw eourne of
bwirrt85 frorn sutq>liirs. AccouDts pythle are ¢lAxified as correDt li•biliti# if the ¢b￿lty dou Dot ￿v¢ An
wlcoodith"on•l ¥i8ht. •t the ¢nd of th¢ reponing ¢0 d¢frr settl¢o)tt)t of th¢ ¢r&1Y￿ for at kut twcl
thc TrportsDg date. If th¢TC il aD VD¢<qxlitioNI riBbi to dtfrt Kul¢xrKDI foT At twclvc molltl¥
aft¢rth¢ r¢poniti8 d*¢¢, Ib¢y are pl¢*¢nI￿ •$ llon-¢u￿I ]iiknliti¢J.
Fun¢J itrllctur¢
the <*J'cGtivrs of th¢ ¢I￿rIty.
P•g¢ 15

Rae¢ Eqnallty ljmited
Notss ts the ThIAnelal Stst¢ments for the Year Ended 31 MAr¢b 2024
PeDJloM •id other r¢dr¢DKat obllg•tloNi
Th¢ tlwity operntes a defined t(X1triknti￿ P¢OSifm s¢heDW t**>¢h li • p¢llsion plth WMleT wh?th fjx¢d
contiibutions are prrid intD • poJsion furKI •Dd thc thrity h•É ￿ legal OT obli￿￿0￿ to pay further
¢oothl)uiioN ev￿ if fvDd does not ￿ld wffi¢ity)i psy ￿ uDploy¢e8 thc knefits rdatin8 to
3 In¢orne from d•D*¢low a4d leg•¢i¢F
U•rutrkt¢d
Totsl
24
T•tAi
2033
G¢nt¥al
Domtioni 4nd ItBKiM,'
Dott*lioDs from indiv1th￿l And or8an1￿1O
268
4 luuu)t from eh*rttsbk Ieilvltt
Totil
20
2023
Prevention of rn¢iai di￿1￿]D81)¢ll
617 320
617.320
661055
P•ge 16

EquAIIty Trlrrt Ljmlted
Notu to the Flnanc￿ Statements for Ihe Year Endod 31 Mar¢h 2024
Gr#nts IDsthllll•
2024
2023
Wetsh Govcrnment. MEE ID Mind
Healthy Min
C4reTr Support Fulld
CSF ATh•er
Sffjt•Jd
KThow yow RJ8hts. Live By Ri8hts
180.825
148.954
82,482
46.890
45.451
41,568
41.150
20.OiX)
10.(
207,S64
82,477
36,994
iio,
IDdeprknt A
Natio￿] Grid
Business Woles
Portcod¢ Ht4Jth Th￿. ￿4￿10rt
154,348
lo,￿0
2,672
617 320
651055
S ID¢one from oth•r tr4d￿ •ctlvld
Total
Totil
2023
Activiti￿
9,93Q
17

Raee EqU￿ty Fknt Umlted
Nots8 to the Financial Statements for the Yw EDd¢d 31 MAr¢b 2024
6 Investmtnt fDtome
Unrestrltled
fundi
Tgtsl
2014
T•tsl
20
Inl¢wl r¢¢eivthk atjd 8imi]tt in¢thhe:
rt¢tiv•ble onbgnk dep¢wts
2,948
1,140
P•ge 18

Race Equalfity ￿ lill￿ted
Notes to the Flll*nd4J Stattments for th¢ Yur Ended 31 Mar¢h 2024
8 Anal￿￿ of R•Yernince •Rd wpport e•
Support cjjits knted to thlrlthblc #dfvlll
Adminlitr•do
co
Tol•l
Sl*ifeM
Prevention of A & B
51.950
91.950
Tt)tsl for 2923
Bull ofallocathD
Refer¢lle¢
Mrtbod of AllocAdou
3LVh of amociawl ovulud expmdTti
Gov•rnin¢¢ c•
Totsl
24
f#ttdi
23
Audtt fe¢$
A￿111 of th¢ filw1￿ tsteTDettts
9 Net reBour¢e•
Net (ollooin8YItKomiD8 rnsOur¢￿ frrf th¢ ye•r I￿h￿¢.
2024
2023
0￿r￿1￿8 le&w- other auets
Audit fe¢s
DEpr￿JaIl0n of fjxed •19ets
28.0
3,509
28,000
3.slo
10 Tnmtrti rthiMDtrAdo• •Ad
No ￿tte¢l. Dor w P¢[￿￿0 f•rith h*￿ T¢UiVtd from the ¢hwity thwmg ib¢
trul1￿ h#ye re¢¢1￿0 thy Rimbw8¢d or aDy othez benefits from the cbLTity yw.
Page 20

Notss to the Statements for the Year Ended 31 March 2024
11 Stsff eo
2424
2023
St*ft¢wts durlnt th¢
and MI￿1¢5
Se¢hl s¢ouity COB
405,794
41.725
B587
372.484
37.309
419 132
The monthly ivtra8e ofpcrn*• (inchxliD8 #Dh)r I1￿4P ttwn) ettLphy¢41 by th
2024
No
2023
12
The numbw ofell¥hy￿ whoK ernohm?¢ots fell within th¢ followin¥ w•:
2014
2023
£7Q,001- £80.C(
The wt81 •nplo)*e b¢n¢frtB ofthe lilw￿ Per￿￿￿tI of the clwily £10S,(fft112023 . £1￿,(￿).
12 Audltorn, remntstr*llTrD
2024
2023
Awjit ofth¢
P•g¢21

Notss to the ￿nandal Statements for the Year Ended 31 M*rch 2024
13 Tlixtloo
Th¢ rlbtiity il J re8iSt¢rtd thrity aad 18 thern(OTC t￿tio
14 T•J¥lble Ilxtd 4Mets
Furnlture And
eqDIphDtnt
Tot•1
Cort
At l April 2023
Di8poMII
$1,644
51.644
At 3 1 h4￿¢h 2024
r•¢l*llon
Ai l April 2023
CIMTge for the year
EJiminat¢d (x) dispow
At 31 m￿£￿ 2024
45,216
2.774
169411
45216
2,774
Net book VAlue
Ai 31 Marth 2024
Ai 31 Mtr¢h 2023
IS Debton
21124
2023
Pr¢pa￿De0
Oth¢t {￿b￿r9
11803
5217
Paee 22

Rau EqU￿lty Ffrrt Jimited
otes to the Fln*neknl SiatemeDts for the Ymr Ebded 31 Mar¢h 2024
2024
2•23
CL%h * baLk
74
98
677
17 Crthn: *iiioiil￿ fthE th wlth£D
2•24
2023
Tr*de ¢rcdit
Otberttediio
A(*nMJi
14,248
I￿14
735
3.509
3.807
30
21J24
2•23
Defeued iticim* 01 l April 2023
RMourceB defemd in ihe period
{41,151)
(12.190)
(110.896)
{41.151)
l• ObllytloDi and hlr¢ pur¢bA* t•4tr•cts
Oper•thii l•ue
2024
21)23
L•nd b¥lldfDy
Withiti one ￿•T
28.0￿)
P•g¢ 23

Ra¢¢ Eqn*Hty Ftht Llmlted
Notes to the Flnancknl StAt¢memts for the Year Ended 31 MAr¢h 2024
19 ThDdi
B•l•A¢¢ •t
Ji Marrb
2124
BAlaJee at I
AP￿ 2023 re4ourru eyp¢oded Tr•m£fer%
Unratrfcte
G¢rteNI
Core FundiD8
79.456
28.769
{13,105)
95,120
216,215
89.462
(29,460)
18A735
89.462
UN Futyj
480
336197
Totsl Uurdtrleted
431
Re•trktod
SoDtan&T
WG MEE In Mind 2020
NLCF Dwrimillilion &
HAt¢ Qime PToje¢t 2020
Community Evwts &
Adiviti¢5
R￿lthY MTn
Tndependent ABC
IniErfaith
MBC He•lih F•ir
94.397
57,151
45.450
180.825
(50276)
(191,238)
89J71
46.738
46.387
41.151
(87912)
374
31.439
13.712
8,732
{780)
{1492311
(28,732)
(150)
(5S3)
(13.6271
4,456
(3.079)
35.115
10,336
148,934
9,750
6,505
3.718
3J40
10.(
3.627
ow Your ￿tr, Liv¢ by
Your ￿￿￿ts
CSF Arm
41 J68
46.890
(46216)
(49.969)
4.648
3.079
To(*1 rertrkted
265 436
198015
Trf*l hDdi
710 569
P•ge 24

Notu to the Mnandal Stat•meDts for the Yev Ended 31 m￿ch 2024
Biknn¢e It
31 hf4re
2013
Aprll 2022 ¢spemded
U￿r#tr￿ted
4J.131
98.4X)
(31.755>
(31390)
79.456
cr￿1￿Ulty & resetrthFu4
I10.￿0
61,962
30.0
76215
27500
21￿13
89.462
60.(¥10
231362
Totsj 4Rrt•trlrt•d f•Dd•
Rutrktsd
S￿￿0nder
WO MEE iti MirAI 2020
103,715
365 677
128470
24393
62308
i lo.o(
187J64
(39,890)
(191721)
94.397
57,151
HA* Qirn¢ Proj¢et 2020
74J06
154J48
1182.76
46,387
A¢tivitie8
N￿lthY Mit
lodcpetrdellc A8e
Ini¢rf•ith
MEC H￿th Flir
National Grid
NatioNI Lotw C(qnmwty
Fund (NLCF)-MEE iti
21.652
1672
82,4n
(685)
(68.76S)
(112681
31A39
13.712
8,732
9.9
3,718
491$
iO.(K
(1.197)
(14.890)
4.8
Hod¥r. Founthtto
81236
11,46?
(5.021)
{11,46
16.215)
Analy¥i8
A4A C&bvid 19
Aw•nlB AM
(211.ow}
(4,000)
Totsi rwtrtetsd fun
313,662
571.976
265.436
590 755
580M2
710
P•Ee 25

Ra¢e Equality Flrst LI￿￿ted
h'otss to the Ststsm¢nts for the Year Ended 31 March 2024
Th¢ sp¢cifi¢ pJrposeB for which the fiuth are to be •svJicd follo￿.
WO MEE in Mind.. A wtsiert npportTn6 members of thv¢rn¢ c4jMm￿T1Jr* to Tcttive appropriate ¢￿t wh
enBa8in8 with health ￿111 providm atNJ suN)ortlng bralth wv5c¢ provid¢rs w better underJlond tbE
culturnl atKI r¢li8i(AM needs ofBl*¢k •ndMiwity EthDiC peole when pIwniD8 h￿thC￿e swvision.
NLCF DiwiTwnalion & Hate CxiJn¢ Proiert.. De]iver¥ng ￿¥1¢¢. wFpon. 4dvow Mediati￿ for vidimi of
discrimiMtion ftndlor hits tri￿.
FtyJnd8tion". A thDd lttluEiOD PTojKI to beDefi¢I￿IeS. tit¢Uth5￿ ¥bd
prow¢8 Trwbicb bve been ￿VerSe1Y impxkd by th¢ Covid 19 p4tsde4>Ji¢.
Hod8e Found￿]0￿.. Arwl Anti.Rxi8xo Schools Poutt C4mpetsrion.
Ind¢￿￿]¢￿1 A8¢.. To *Jpp)rt BI￿ Miwity Ethni¢ Ehkn f*iM8 buthhtp u * ofthe e0*wOf.]i￿
NiLF Ileilthy Minth.. PrO￿dIng edu¢*iiN *rllkhn8 W￿1￿. aaivilits ¥%)UDAelling to Black
Millority Ethni¢ peopl¢ ￿PerIe￿ rn¢DtsI h￿th igwu.
car￿ Supwl Fund.. providi￿ Atsd 8rints 10 unpid c*r¢rs in South W•l¥.
N4tioll￿ GihJlActive Coullnuniu¢4 Fund.. Brnrtts 10 WU6Toots •nd orgthimtioty for health ind
rTIn￿ ictivitie•.
Wel$h Gov*nTnart.. CoDsuJwiou •TO1￿11 of the Rx¢ Fwlity Aetion Pl
Know Yow Riohis. Live by Your Ri8h¢8: Bi•ck knd Ethnic Minoriry pwl¢ *uoo6 Waleo abo￿ th¢iT
tiwl legal ri8ht$, how to ¢omhl b•niern to public strviw: I￿¥ to ch•llwe dlKrimi￿l1￿n.
C#rern Thtst W*l¢s Short Breth FuDd- sYovidll4 8TAtsS ltt Abort trip ActiVili¢6 to unp￿d in South
Wal¢s,
D¢si8Mied Futtd8'.
CDntlnuity & R¢8ear¢h Fun&: cmlinuity of Core •er¥k¢g, reBe4tth *￿ItioN1 roles from our
R¢ththdaw FuTW]i.' •ll(Katsd by the Tn4t¢¢6* to adeq￿1¢ Tr￿Ve8 ar¢ held lo mee¢ th¢ th*ille8
Obh8rtio￿ th*Nld it everbe ￿.
UN Fund.. • review wnd up&tsd CEBJ) Shadow Reprfft fol Wiles dele8atsM to the Ully￿1 NatioJ]s in
Pi8e 26

Note¥ to the FlnAntlaJ Statements for the Year Ended 31 M4reh 2024
20 A**tyth of Dtt b*1w￿
31 Mar¢h
2024
Tan&ble fix¢d o$8cts
Cumt MJ¢t•
3.654
109.521
18.055
95,120
3,6S4
655.923
0.245
336.197
210205
12,190
Tpts] net as#
336 197
Toiil •t
31 MArr&
2023
Tingible Ilxed
Cyffeut aJ*ts
CwT¢ot Jlabilities
fj428
78.886
365.677
6.428
751.150
306J87
411311
llet
365 677
hge 27