Company Number: Ill863274 Charity NumbeT: 1148598 R•c¢ Coundl Cymrn Trues' report 4JHI ststeme#ts For the yer ended 31 Mareh 2022
Race CouDcll Cymrn Year ended 31 March 2022 Trustees. reprt fin4ncl slatemettts Contents Page Reports R¢port of the tntstees Independent exaininer'5 rcport FlnaTrclal statemets Statement of finaneiAI a¢tivities Statement of financial )SItiOn Statenwit of cashflows Notes to the rlatCial statements 10
R4ce Council Cynw Y¢4r ended 31 March 2022 REFERENCE AND ADMIL¥ISTIiATIVE DETAILS Charity name: Tegistratlo# number: 1148598 Ctsmpany regtstratioTr nllmber". 07863274 Reglster¢d office: 5 Lamb lane, Killay. Swaw SA2 7ES IDdependent exEDlner lan Bowen LLB FC& I D Bowctk & Co.. Chllrets Accountant& 19 Alexandra Roa(L Gorse1M Swaw SA4 4NW Bankers Lloyds Battk PLC., 7 Carter SL Uttoxeter, Staffs.. ST14. 8HD The clOperatiV¢ Bank Plc., P O Box 250, Skclmer5dale. WN8. 6Wf Direetsr$ and trte¢S Elected trnstees Judge Ray Singh CBE Professor Emmalluel 08bonna Mr5 Samsunear Ali Professor Meena Upadhyay8 OBE Dr Gr4¢e Ketry Dr Haz Shah BEM Menai Peris OweTrJones Rebecca Catherine Woolley i Kathryn Louise Robson Company secretAry Uzoamaka Linda Iwobi Vice chair IResi8n¢d 6 July 20221 Exeeutive ¢em Kay Dcnyer- Dire£lor Page I
RA¢e Council Cym Y¢&r ended 31 MArch 2022 REPORT OF THE TRUSTELS The tru#te4 who are also the direc of the clwit8bl¢ CODwny forthe purp of the Cowies Aa 21M16, present tbeir annual report together with the audited financial ststements of the charitable company the y¢ar ended 31 March 2022 which ar¢ also prepar¢d to meet the rqUirenL for a di[[S. [q and forCoJnpaDies Aci putpoB¢s. Th¢ financial statements comply with the alld Articles of A&socIatio applicable ACcOw.ng Stsndards in the United Kingdom, the ststellnt of Recornmended PctiCe (SORP) applicable to chariti¢s preparmg theiT COunt5 in aOrdanCe with the FiDan¢ial Rwrting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019). the Charities Act 2011 and the Cowies Act Race Council CYll i$¢ommitted tobTeakin8thwn barriers. prDllMAing participation and CornnRIty eohG8ion and iniegration as well as facilitating a betteruEder5tanding ofdiv¢rse ethnic communtties iD Wale& It is involved in th¢ promoiion of equality and diversity for the public benefit by forexample: the elTinination of discriminion on the grounts of race. culture, ethnicity, nationality and language. advancing ethThtion and raisAng awarene&s equality alld diverslty: promoting activiti¢s to foster understandingbetweenpeoplefromdivetscethnic ba¢kgroun(Ls:¢onductingorcoTnmissioningr&%earch on e4ualityanddiversity issu¢s and publishing the results to the pubh"c: tIv1n8 a 5¢ntimeni in favour of Trcffial equaliry atld diversiry. Publie benefit When reviewing its objectiv¢s and r¢f¢tence is tnade to guidance contsiD¢d tn the ChaTity G)nJti)is5ion'8 genernl guidance on public benefit. The tbard of management considers ID detsil how plaDneAJ acts"vÈties rytribute to th¢ aims and objectives Set out ID the organiwion's constitutiott. SIGNIFICAKI ACTIVITILS Windrnsh CyrnTh: 0r Voi¢es Omr StDrie4 Owr Hry This project w&s originally an 18month projecL starting in 2019 and program to complete in 2021. The projectwas greatly ipaCted 2020 by the p3ndemi¢ and contact interviews Iwl to be halted througbout the Covid19 lo¢kdowm perio(L restartitig in mid 2021. Th¢ flnal stories collected and uploaded to the People's Coll0 Wales and National Museum Wales awhives in autumn 2021 and the willdr exhibitio digithl exkn"biti¢)n Eting lawithed in Iktober 2021. Windrush CymTh Elder5 & D•y 2021 RCC supwTrrt the WtJK]rush Cymru Elders group with fundingafyl adminithtsve duties to enable the group to m¢¢t once again in contaci Covid ad take part in weekly activiti&s. RCC in collaboratiott with the Windrush C5mmi Elders. delivered the Windru5h Day 2021 evellt online on 22 June 2021. Multicultural HUBS The regional ]nulticultwal HUBS in Cardiff& Val< New WeM Wales and Norfh Wales are sUPrtAI collecttvely with the Sharing of opw)rtunities and infornution. Tr Swansea Multicultthal HUB, is sitsthted in its own building and provides office space for RCC, African ComtDunity Centre and Chinese in Wales A&latiO17 and a series of venue spaces that can be used OT hired by FtUB community partnets or by outsid¢ Organisatio8. The incom¢ from room hire, supports community use of the build]llg and coven venues costs of wifi. IT SUPFM)rt suvic4 tnawial& eqUipMt servicing and repairs. EqUltieS & DlveTsity Trthing RCC deliver5 a range ofEqualttiesandDiVet5itytrainingtolSatIonsWaIes, including. Anti-Racism.UM)Ds¢ious Bias, Multicultural Awarelless trainiDg. Cros$ing Borders ICB) Youth $upp)rt is delivered with Cllgagen wions in s towrt mentsl hewlth and wellbeing foryoungpeople with opportunities to Con¢1 with others from th¢ same rwon. CB delivers 5null engagemenl pmjects such as Ty Cerdd, Engage & lE]spire, aloDg with creative prOgramt to benefii the youngpkwle andprovmk Op11c$ to tske part in ath'vers¢ range of activiti¢s. Comic Relief Global Majority Fund (GMF) RCC was awarded fidig to act as intermedi patlner to Comic Relief and a&soci8te5: National Em¢rgency Fund, The Clothworkers Foundation and Esrnee FaiATrairn Foundatton to distribute rapid fimding to a diverse range of IallY-led '¢omnwniti¢s ¢xp¢ri¢ncing ra¢ial iDrquality'. RCC is deliverin¥ this fund in Partnthip with BAWSO and Welsh Refugee Pa8¢ 2
Race Councll Cym Year ellded 31 Mareh 2022 Council and direLting filliDg to Communities #nd organisations bas&1 in We$. The projttt started and the majoTity of th¢ funding was received An the last financial year 221, wlth th¢ project ILg (kliv¢r¢d and fi]Dding bell distributrd iti this fillancial year 2021-22. One olmany examples of projects that span financial years with fimding b¢ing received and showing as in one fjnancial year and delivery alld exFnditute tskitlg place in a following year. Cilizens Advice Cymru I c[ff & Vale RCC worked inparinershtpwith CitizcnsAdYiceCymrutodeliverktyreferrdlstoAdvieclitikCymrn. Theaimofthepartnership was to support individuals or families from culturally diverse communities living in Cardiff and th¢ Vale with eff¢etive sigiipostill8 10 income lMisatIOn ad"¢c. Zero Tolerallce Pollcy for Rcism ill Wks | ZERORACISMWALL8 This RCC progrdnm]e was lawJ¢h¢d in 2020and calls on all orgdnisationsand Individ to signuptoth¢ zero-tolerance policy tora¢ism in Wales. StsgeoneoftheprogrdM, isioencourdgeorg8nisations and individualstopleAJgeandagreeto th a stand against rdcism and protllot¢ a mor¢ inclL8ive and W workplace and society that gives every it1VIdUal in Wa1¢8 the right to feel safe, valued and in¢lud¢d. Stsge Two is in development and will prcKluc¢ a workabl¢ Race Charter Mart to make cbange by educating and progr¢ssing organisations b¢st practice and creating an Anti-Racist WalGs. Wales Race FtsruEn | Cros8aParty Grnup Ree l Tbird Seetw Prther5hip Coll¢11 RCC is a partner of the Wales Race Fornm (WRF} and the Cross-Party GTOUP oll Race Equality {CPG}. to provide expertise oll isguesthataffecttbe BiacLAsiattandMinority Ethnic comm¢5. The WRF gtoup is facilitsted byWelshGovetnrnentwithin nlille mectings. RCC provide bi annual SeCretsT sllpr to the CPO ard contiibute to quJrterly Djeetings with the al of addr8]8 the disparityof reprcsentatiOD ofdivcr5c communities. totsckle racial i[LcI$IOnnddlverSity acrossall political partiesandto afford an active fonull for represenlatives fro relevant orgaDisalions to tlleet wffith Ams to dis¢ areas of concenL RCC tskes a shared role as Minority Ethnic representativeon the Wa]esCouncil forVoluntsryAction (WCVA). in Third Sector Partnership Coun¢il (TSPC) meetings. RCC are able to bring lived eXlencE atsjexptise themeetings and take away key infom)ation from meetings to share widely with Wal&% blsed commuDiLi&s. Welsh Loc41 Government AssDci•tion (WLGA) | H#t¢ Crime in Schools The delivery ofth¢ WLGA Hate CrIll Schry)Is Progrdmn% was balldUrIng the parMthi¢Testsrtedp)st lockdownwith the lfi1ng of restrictions, ID th¢ s¢l¥)ol surnw and autumn teTnL8 of 2021. Hate Critne atIonal 8essioA8 were delivered in 16 schools and completed by Marcb 2022. Black History Wales 202(2112(121-22 Delivery of ihe Black History Wales prOgraMn was fora full 12months. achieving the Ion8-terni aim of progressing from on¢ token Black History Month full engagement with Black "stOry througlkoui al every year. Black History Wale8' progrdmmesspan financial yearswiththe BHWprogrdmmesiartinginOCberoofttfindttCi81 yearandrntmillgto30September of th¢ following fiDancial y¢2r. K¢y BHW launch events were delivergl along with creative programme& and slnall kctlvilies pan Wale5. Welsh GovernmeDt Blck History Wales (BH REAP •8 RCC Ttceived funding to d¢liver key cr¢ativc ¢lements for Black History Wales rhat included development of the Bl&¢k Liv¢5 Matter Wales exhibition, d¢v¢lopment of the BHW Artists Gallery. alld YouthFcstivai WO and eation of aBHW Resources website and BHW engagement via regionally cOnMlty offi¢e HUB Garden café RCC developed a gatdeD on the [ra[ca0fthe SW&E&mlt1CUltUral HUB. The idea ofthegardell was togrowalld share fresh frnit and vegetables in 5UPWTrrt of f(xxl wjverty in our IIKal commwiitses. The garden also providcs a quiet and beautifid space to sit and Sup[ well-being for our staff Jnd MMunity members. CoDsultsttey attd ettpgement RCC delivered a wide rdnge of etlgagementand conwltancypr0jts tknugbout the year. w01n8 fora series of organisation$ ollll]anyprogratnmts tncludiDg.' CrimiDalJusti¢¢inWale4 RecogoitioJL SmaekingBw Natio1 Museums WalesContemrary ATts Gallery, Coastal Housing staff developmenL Welsh WomeD'S Ai4 CADW, National Botonical Gardcns. Youth projects RCC delivereda seri¢s of activitiG8 foryoung pwiebasejjin tbeSwatLW MulticulbJrdlHUBdwing school tcrnholidays. The young people attending were from diverse Minority Ethnic backgrounds and fornd Multiculturnl groups that ttM)k part in creative activities. Page 3
liaee Collnril Cymrn Ye¥4r ended Jl Mrcb 2022 FINANCIAL REVIEW The Charity ended 2021-22 with a year e1 deficit of £168J14 (2021- swplus of £397.090}. The deficit has deducied from the totsl funds b)( forward from 202(k21, making a totsl Ter¥e fiind of £442,790. of wbich£260,513 is restricted. The Ullrtstr fimdsalUntCd to£l82277attheyeareDdoDd the Trusteefj havenotdes1]ated any of the ndS for srKcific purposes. Please see IKlow for Rescrvcs Policy. Investmellt poliey Underthe And articleBof 0¢18thecharItyIth¢p)Werl0makeanY invtstttwit which thetrustees See fil. The ¢l)arity a wbli¢y of keeping sury>lw liquid fimds in short4emi dep)sits wbich be accessed readily. Reserves Policy The trwtttsaitH to maintsin free[&[v¥ in unyestricted fimds a kvel between thre¢ andsixmonthsofunrestricted charitsble expenditure. They CODsider this level will ¢re thai there are suifici¢nt fvnds available to cover $upkMIrt and gov¢man¢e Losts in the event the Con4Mny needed to wound up. The trustees tIefOre Clbnsider that the ideal level of operational free reserves at 31 Match 2022 would therefore be £30.(MMJ to £615,(. Of the tot81 reserves of £442,790 {2021- £611,104). £260.513 {2021- £553,249) was rtstrfftcted. The restricted reseryes r¢sult fTom theTecogTrition ofVaTio$grdnts fro ar8 th¢Comic ReliefGlobal MajoTity Fund,Arts Council Wales, Covid 19 Projed Funding and funding for Black History Wales" the work on these projects will continue during 2022-23. ureStricted genernl fimds anud to £182.277 {2021- £57.855) all of which represent free rtserves and which is above the target level for such reserves mBntioDed abov STRucfuRE, GOVERNANCE AND MANACEMENT GoverDkng dOcMent Racecouncil Cyrrjrn isachan"table companylirnitedbyguaralltee, incorp)ratedon 28Novctnber2011 alldregisteredasacharity on 16 August 2012. The charity w&5 esthblish¢d er a merandum alld Articles of Associ10 which establishd the objectives and powers of the company. In the event of thc company lg wound up the membets are required to contribute an amouni not exc¢eding £10. Recruitment and sppointmettt Df Dew trurt¢fs The directors of the cornpany are also charity tnLStees as defilled charity law. Underthe Tcquirements of the Memorandum and Articles of Association at each annua] general meding one-third of the dirCcrS or. if their nwnber 15 not three or a multiplc of three, the nutttt)er nearest to one-thirl must retire from office. Ifthete is only one director. he OT She rnust retire. Directors are elected to serye IOT a period of three years afier which they must re4elected at the nem Ann1 General Meeting. The appointmeni of a director, whether by the charity in general eIng or by the othet dIlors, must Dot Cau the uumber of directors to ¢x¢eed any number fixed &% th¢ rnaxim nwnberof diTecth. All iKwd membth3 give theirtirn¢ voluntarily and receive no benefits frorn the charity. Race Collncil c is the overarching llmbTella Ix)dy establisbed in Wales to bring tO8ether key orgallisations which w(Trrk to cornbat prejudice.rdcediscrimination, harassmenlabwe and violence. Itworkstowards the eliminationofracial discrimination and the promotioll of wuality of Iywttujity alld inyoving Tac¢ relatio5 lthieen people from different racial ba¢kgrounds. The board mettthers therefore seek ensuTe that the IedS of people tbe different racial baCkndS are appropriately Tetlected througb the divetsity of the boatd rnemtrers. To enhance the powiiial PLK)l of iwrd metnbers the charity has through a scrupulou5 PEOC¢SS [lled board MeberS from varied backgrouods. Equally importanl is the broad skkil tDiX of the board mernbers which is taken into COTh8ideratlOD during the recruitm¢ntptocess. In the event ofany skills lost due to IMTrard rnembers l¢aving or through retireineiiL IndividlS with similar skills are apwroacw with a rewest for them ty join the BoaTd. InduetloD and tralning of new tntee3 Many of the tK)ard membth3 al the initial stage ofjoining the IM)ard are already familiar with the practical WOTk of thc charity. Howev¢r, all board members are ¢ncouraged to uodettske a series of tsaioing courses to equip th¢m with the De£¢ssary knowledge. skills and awamw of theirToles and respOb]lItieS as well as objects of the organi5atiOTt. A tn]stee starterpack is given oui as a handout to each board member iocludtug a copy of the MellWTanth and Articles of Asso¢iatio
RAce Council Cytnrn Y¢Ar ended 31 M¥Jrch 2022 OrgaDisatioBal 5trn¢tsre Ra¢e Counctl Cyrnrn has a minimwn of follr Ix)8rd tnetnkn and no maximum number. The meets quarteTly and is responsible fOrtheStrdlecdIre¢ti0ll andl1¢Y of theclwity. TheboardnKnknaTefromdifferentprofrssionalbackgrounds rclevont to the work of the charity and they au have voting rÈ8hts. Rel8ted p4rties ewradon wlth other rglS#$ None of our irusiees re¢¢ive retnunerat50n or otherbenefit from th¢ir wodt with the cljarity. Any CODnection betw¢¢n a tsvste or senior manager of the charity with anothercompany or contractor must b¢ di10$ed to the full IKtrard of tntee$ in the 5aTne way as any other ¢Outra¢ttreIatiOnsblp with a related party. Detailsof rela*dparty transactions iu the cultentyearare set out in the notes to the accounts. PAY pollcy for seDior stsff The board oftnJste¢% who arc theeompanydAreC andtheseDiormaDaganentte4eOMpnsethekeYaagCrnent personnel of the company in charge of directing and controllin& nmning and operdtiD8 the cornpany on a day-to-day basis. All trllgtee% give of theirtirne freely. and llo Inwte¢ tx¢ived remuDeratioll in the year. The pay of th¢ niOrStaff who are noi tswtees is set at the point of recrnitment with Teference lothe Tnarket rdtr within the charity sectOT tsking into account the fijnding constraints thccharity faces. In view ofthe nanweof the company,the trustees benchmark agaimstpay levels in other¢oTnparable charitable organisations rLUL on a voluntary basis. The remwieration benchmaEk is gencrdlly by reference to th¢ rdnge paid for equivalent roles in similar orgdAlsatiot. It is reviewed anllually and Tr)rmaily incre&f¢d in line with pay ITreaseS for the T¢St of the orwdnisation. Rl$k The trustees have a dury to identify aDd reviewthe ii&ks to which the charity is ex and to ensure appropriate Controls are in place to provide reasot)abl¢ &s$ur against fra1 and error. The trustees have the Tesponsibility to lljanage risk to susthin the organiwion and ensure thatall its activitie5 art risk asSeSsedbefo thry are carriedout. Systems andprocedures have been esthblished to mitigate the risks the clmtity faces. Most Si8Dificant is th¢ external risk to filti8 which has led to the development of a strategic plan Ththich will allow diversification of fi1ftB and activities. Internal control of risk is mintrnls¢d by the implementstion of procedurts for authorisalion of all transactioos and projects. All relevant policies are regularly reviewed periodically to ensure that they meet the of the chaTiry. ApproAch to fvDdr8ising The ¢harily undertakes fithising to help Sup1 its c4xe activities aT¥J WOTL Themain funding50ue fortheelwityis8r8ntalldothervolimlaryiDcom¢. Th¢ Inrne fromgrantsandothervoluntary incon during the yfar accounted for 9Ph of all income. The prin¢ipal fiing S[ceS are sd out in the llo to the aA)unts. All of our fundrnising is undertaken by staff within the Organisatso we not use ConMr¢Ial participators OT professional Aspartofour¢OmIfftentlogyjpfa¢l1Cc. Wee8rethatoUrfimdraISlgaclIVityis sUbjerttoStatoryre8ul3ti0llS and GDPR. We dtd not receive any cott]p]aints during the year in relation to our fundraising activity. Thts report has been prepared in aecord#n¢e with the provisiorLS in Part 15 of the Conyies Act appli¢abl¢ to Companies subj¢¢t to the small cornpanies regime. Signed on behalf of the trustees.. Name.. Judge Ray SiEJgh CBE Chair of ts$teeS AppToved on". 27 July 2022 Page 5
R8¢e Coundl Cym Year ended 31 Mthrtb 2022 IDdepelldeDt ¢x•miD¢e3 report to the trtee9 of the Ree Cgumcil Cymrn I report to the clwity tru5 on my examithoD of the ac(xMmts of th¢ cotDpany for the year ¢ndryJ 31 March 2022. Re8ponsibllltRd and basi5 of report As the charity's trust¢¢s of the company {who t also its directors for the purposes of cornpany law). you are responsibl¢ for the preparation of th¢ accounts in accordance with the requiTellnts of the Componies Act 2006 ('the 26 Act,). Having satisfied llwself that the accounts of the Company are not required to be auth.ted under Part 16 of the 21K)6 Act and are eligibl¢ for independeJ]t examination, I report An respect of my examinatioll of your companys aecounts as carried out under section 145 of tbe CharitiG8 Act 2011 Clbe 2011 Arf). ID carrying Out examijmtion I have followed the Dtrections giv¢n by th¢ Chartty Commission under sttuon 145{5)(b) of the 201 IACL IndepettdeDt eTamlner's statement I have cornpl¢t¢d my ¢xan)illioD. I confirni that niatteE5 bave come tny atlention in Cotmection with the ¢MItiO giving me ettuse to believe that ill any nJ&t¢rial ra$ptr accounting records were kept in accord with section 386 of the Conwies Act 2(X)6' or the accounts do not accord with Such records. or the accounts do not comply wsth relevant accountingfftwi under stttiOD 396 of the Companies Act 2(Th other ihan ally requirement that the give a 'true ADd fair, view wkn.cb is not a matter cottsid¢rcd as part of a inde[dent examinatio or the accounts have not t*en PT¢paTed in accord8nc¢ witb the clritieS SORP IFRS102). I havenoconcems aAb8VeCotarn)s$ noothermattcr5 ioconnecti0tswithth¢examiat10nloywhtch8ttcntiOD shouldbedr8wn in this report in order to enable a proper dsndIng of the accounts to be reache Ian Bowen LLB ACA Independent eXaleT IDBowen&Co 19 Alexandra Road Gor5einon Swan SA4 4NW 30 November 2022
R•ce CollD¢il Cymrn YeAr ended 31 March 2022 St4temettt of fillaDell ctivities (illelding •D illeome Nd ewtidithrn aceoRBt) 2•22 2421 Totthl F¥nd5 F¥Rds F¥th FuK45 FwHds Funds from Donatio atsd lega¢te5 23.326 571983 596J( 34.993 794.597 829,590 Activiti forgenttatiDg fiumig 21235 i&fjJ46 127.581 28J88 28J88 IJtere5t rec¢ivabk Other sour¢cs 716 716 230 230 Tof41 iBeom¢ 45277 679J49 724.626 63,612 794J98 858210 xpendltsrÈ•ty 34.547 858J93 891940 65.401 395,719 461.120 Tot*1 expendltsre 34.547 858J93 892.940 65.401 395.719 461,120 Net (exp¢nditureYthcoN 10,730 (179.044) 1168J14) (1,789) 398.879 397.090 113.692 (I 13.692) 3&611 {38.6111 Net llwveMet in 124.422 {291736} {168)14) 36.822 360268 397.0 Reeohciliation offnnds Total fid$ brought forward at l April 2021 57.855 553249 611.104 21.033 192.981 214.014 Total fi]nd5 c4rrits1 firyard al 31 MaTch 2022 182277 2.513 2.p 57.855 553249 611,104 All of the chwrity's tDcotw expe} deriwl frn xtivitiÈ5 dunn8 & atrfyve fittallciaj li.
Rce Councll Cymrn Year ended 31 March 2022 ststement of fiDanf4ai posilio Comp¥Jlly Number: 07863274 2022 21121 Current #ssets DebtOTS C&5h at bank and in IWKI 10 148.936 352.450 6.71M) 647.476 501 J86 654.176 Liabilitles CT¢ditors'. amowjts falling due within one year (58.596) {43.072) Net CVfTent assets 442,7) 611.104 Total llet asjets 442,7 611,104 Ch#rlty U]]Testrtcted illcome funds Restricted income futN15 14 182277 2.513 57,855 553,249 Totsl fwids 442.790 611.104 For the year ending 31 Mareh 2022 the company was ¢ntided to ¢xeWion from audit under section 477 of the Companies Act 21J06 reling to small comr01tS. The memb5 bavenotrwuiredthe company toobtsinan wditof IFS accounts forthe ye&rin question inaCcordw1th sectio 476. Thed1r¢¢totsacknowled8etheirr£snSibi1ltieSfore0IYisW1thth¢TeqUlr¢m¢nts0ftheActWithr&Wd0untiUrCcors and the preparation of toUnts. Th¢se financial statements hav¢ been preparj in accoTd&]ce with the special provisions of Part 15 of the Companies Act 2W6 relating lo small companies. Approved by the tsIL8tees and signed on their IKbaif by: Signed Name: Judge Ray Singb CBE Chtiirof trustees Approv¢d OD.. 27 July 2022 Pag¢ 8
Race Coutteil Cym Yegr ended 31 March 2022 Statement of eshfiDwa 2022 Cash fflow8 from oper•liH% xlAvAIIts: Net cash pmidd by (ud in) operaiitiE adiviti¢5 (295.046) 433,460 Cash llows from IRVtin2 ACtlvl¢ks: Interest receiyed 20 Ntteash provkled by iThvestlag Aedwhies 20 ChDge equfvlents in ytsr {295,026} 433.462 RtC0cl}IatiOll of C4sh and cash equival¢nts l Awil 2021 647.476 214.014 Cash atml ¢a5h equivalents at 31 March 2022 lu) 352.450 647.476 Notes to the statthent of 1108 forth¢ye4r ended 31 Marrb 29ZZ Reeoncili4tloD of net mov¢mM¢ ID funds to nrt opeTtiAg aetivities 2•22 2021 N¢t movemtttt irt (as per the stAttmemt of tttrfiu AdjustDJellts for= Interest receivoble Ilncreasel in debtor5 Incre&se in creditors {168J14) 397.090 1201 (142236) 15.524 (21 I6.7) 43.072 Net t•sh provlded by (used OTalINg aclhl {295.046) 433,460 ADatysls of thg£s met debt 2022 2021 Cash at bank athd tti lthnd at i A 647.476 214.014 Cash fknws (295.026) 433.462 Cthi at bth and in hand 31 March 351450 647.476 Page 9
Race Counei] Cymru Year end¢d 31 March 2022 Note6 to th¢ Ilnalltlai $tt¢JlleAts Aee•umtiD8 pol are laid out b¢low. Brfsis ofprepqr¥lion These financial statemethtsbaytbecn forthtycarkn31 Matrh2022 with ¢polI information giv¢n in rrspeci to year¢TthI 31 March 2021. The financial statements have b¢¢n under the hi5[oril tonveniion with items initially reeognised at tost or transaction value uDless otherwis¢ stated iti the rel¢vart xrouThtiJJ8 w>li¢ics loW OTthe leS th¢ rinWKi ststemetsL Th¢ fiD8ncial sthtrmwts have becrt pretAr Èn th¢ Chariti¢s SORP (FRS102). Accounting And Retlftg by Charities.. Statement of Retommenthd Prdctict 4Jplicabte to charities peptiTlll8 their acwjnts ID with th¢ Fi[Cial Reporting Standard applicable itktheUK and Republicof ITelathd IFRS 102)(eff¢thiv¢ l Jonw20191. theFinwiaiRewLJngSthndardappli¢ablein the UKand Republic of Ilnd (FRS 1021 and the cothpa Act 2(kn. The Charity constittitu a public E¢[1 eity 88 ¢kfirKd by FRS 102. The TtM>St signifLcani areas of adjustmerti k¢y aswrw affeA Ilen ID the ststrmrnts in W 10: AsscssiTrg the tseful ecoTWJnUC livts of fixcd a&ts forthe of &tminits¥the anDual d¢wlOrt charg¢. Egtimaiing future irLCOl and ex"thre tIow5 the PUEtxw of sIng8018 concern. With Tespeci io the n¢xt rep)rti8 the firture impati of ongoing Cora]avtrus JAndemic r¢llMins the nM)St sigTrificdttt area of uncertainty ]nay affect th¢ caTryillg ttS¢in)ation of th¢ CbarIS fvture iDcom¢ {8nd ¢xpenditurel flows. Thetrustttshave ass¢ssdwhethertheu8eofthe isapw1yriatexllpretArith¢EefiD3C[81St11eMents. Thetrustees have wad¢ this asstsw in res to a wiod o18t1¢ost I¥JE year from the date of approval of these flnancial 5talrn The charity has adequate cash serveS which ar¢ b¢iny a¢tivdy u#)niwed a1 mallagtsj a]Ml the trust¢¢s believe these tiOnS have S¢CUTed the immediate fithire of tb¢ charit8ble compaDy for 12 to 18 fro th¢ bal3tsce She date aad tb3t on this b&sis the clwity is a going cothcern. Therefore. thetrustett are of theop10 the Charity Iw plauTKdcatefi]lly orderlo rn¢ its liabilities they fail du¢ whi]st they acknowldge that there will ¢hall¢nges ahe4 Ihry are of the wion that the use of the Boing cw¢¢rn asswion in the prryaration of th¢5e financial ststements is appropriate. Income is Tewised in the pen(Ml in which the C1ry is entided b) r¢c¢TpL the can k m¢aw¢dreli#bly attd it is probable that the iLwom¢ will be received. InconK isdeferred L)llly when the CThariry Iw to tondiiioL8 rore ¢otit]ed to 1¢ or the donor Job Relenuon sch¢m¢. Donations are 8ased when the CbrÉty bL8 ¢X)DfunMuon of Ix)th the settlcmrnt In (OrdIn with the clTIll¢S SORP, the WalOr s¢rviK4 by voluntr¢t5 ha5 t Il ititlud Grnnts. are reco8nL5ed ip full ID the StatrllKntof FiDATKi81 Adivilies in thc year ID Twhich aTC receivabk. GrHnt5 from govemmenL oth¢T ag¢ncia$ ad voluothry toJi¢shave beth irt¢lwkd a5 in¢oJTK frnmc]Jaritsbl¢ acvvities whete thesc amountto a contract fOrviceS bllt&% &JThati¢Jnswh¢ff thellM)ney is given to allap orwithgreater frtaknmofwe. forexample thonies for ci)Te funding. Page 10
RAce Council Cymrn YeAr eDded 31 March 2022 Interest in funds kld on dqM>sit Includ whEn r¢c¢iv4bl¢ and be T¢liably by the charity" this is norndly ut notifjcation of the ithtetest paidor yab by the Ink. Incom¢ from th¢ CorVIn JdTr RcIlIrt Stlrne is cteAJiial theStateM of rtt1a1aI activities when the Ckrity i5 uJtit]ed to recciv¢ ExpeKdithre Liabilities are recogllised as exJINex%)ll astherE is a legg1 oTC0TnV¢d)llzIiO 4Y)oJwthg th¢ C1ry to make a payDnI to a third pty. it 15 probable thata tsallsferofeeonotijicbettfitswill reqed ID sctt]emcni aDd Ib¢ amm of th¢ obJigatioD be meA¥uRd Teliably. Expendltiire OD clwitabl¢ aGtiviti¢5 inGlud¢5 all cods &swriated with fith] the clwitable purr)sts ofthe CTr]ty through the provisiott of its charilable activitits. Such costs iDclud¢ staff cots. dÉr¢rt aDd suPrt $ts iti¢ludiog 8ov¢rnaiice costs. Support costs represent indiT¢ci charit8bl¢ nditre. In ¢)rthr to wy the witithry pwsws of the Clwity il is ne¢essary to provide support in the forni of personnel developm¢nL finwKial W0cethw wovisioD of offK¢ aTwI fAWiPttJ¢ttt attd a s4Jitble workiJJ8 envirotellL complia[e with re8ulats.on and g(KKJ prJtti¢¢. Supportandgovernan¢¢costsattaUttata1dirttyIoexPUm.1uteocIiIableaiVliies1itIscoSIderedthat8nyortlOT1mcnt10rCp¥eSenI DebtOTS arere£ogn55cdatthBtsettlemertamounith% letsaDytmvisioD roraotrreV£Fabl1lty. Pryytllentsare vaJu¢datthc am(M]rtpJtpai Crfsh #tb4nk C85h at bank 8t in hand represents sb atcounts alld I$11¢ are available on thmand orhavc a Matilty of15 than thrff v)onth5 fnijll the of llquisition. tkpk5its for In0 than thrte but Its8 thaD one yearFAve been disc1red short t¢rEn dwits. Cash placed on deposit for more than onc y¢or 15 di%losed as a fixed inve51JnEnL CTedilOts and provisions are recogtiised when there is an obliwion balanc¢ sheet da 85 & r¢sulr of a past ¢v¢n¢ it is probable thai a Dsf¢rof¢conomiclKnefii will bertquirtil iSen[enliandtheaIltsfthe$eUIeme0lcattetma[¢ Teliably. CreditOTsandproYisions are recognised atthe arnountthe Charity atkticipat¢5 itwill payto settle thedebL Thry have taJ discouttd tothe present value of the fiiture The unr¢siricied geThergJ fund% CtlSe I)leS 7which Tnay bB ed towa$ meclin8 tl clthtitable obitttivcs of the Charity and may be applied the discr10 of th¢ tn]sk¢& The designated fuTNls are ]Th)nies set &%ide out of 8trnI for srrtcific pwxwby. and at thcdiscretion of. the trust¢w. Restricted fimdscompr1semonicsraisedf.Orth¢ir5trIctyjt0,aSP¢C1fiV WryKorContsilMthJSthjetItr)dnorllSed condition& R¢nta15 applicabl¢ to oiratin8 whete substsnttajty ail of thc benefits arml nsks of with the 1¢sfar¢ dwgedto th¢ statcmenl of finaDciai activiti¢s on a 5titi8bt-IiDe b&sis tsver the ie&e temL Contribution5 10 defthed contnl)ution pr10 schemcs and kn crnploytts. paLsion Pla ar¢ ¢h8rg¢il to the slatetneErt of finallcial activitics in the year in which Ibey rAyabl& Race Council cy] IB a charity arf th¢reforE is wt liabi¢lo illMeX (rc4rywtioDtJx ofj irKom¢4kiv&l fromttsejwitsble actÈvitae& as it rlS wthin th¢ VaTiQU5 exetiyiojts avaii&ble to rewSter1 chariiie&
Race CouDcll Cymrn Year eftded 31 March 2022 Lqxl ¥¢thS of the rk¥Tity The cknrity is a compatty Itmital by 8vgee and bL8 w sh•¥r capitrl. Ill¢¥¢11t of the clwltsblecomY btiti8 wouttd w¥, the tiability in respect of the guat2nttt is ]Xttkikd to £10 pEr nb¢rOF th¢ clwity. In¢om¢ fr•m doDtlow l¢t¢ie 2•22 2021 Grants &nd dontiioos 23J26 572.983 596J09 34.993 794.597 829,590 23 J26 571983 596J09 34.993 794597 829.590 Income from 8cllvltle8 for generntlag 2•22 2021 Fund raislng events 21235 i(knJ46 127581 28J88 28.388 21235 127.581 28J88 28,388 2•22 2•21 Tolrfl f¥Kds 716 716 230 230 716 716 230 230 Expendithre on tharitbltAttlvltl 2022 2021 Toi 45 Wages ConsultaEV and project fees Hub insLqllatIo materials & equipment Admirtl$trdtion & Swio rr¢l¢phoneJBroadbw Equipment M¢5nber5hip Travel. subsisottce & (threxpethsts 7.879 10.682 9&163 667,7 IlkS.042 678.472 21815 31 J15 22.439 191.555 45254 222.870 253 49.914 582 5.110 120 50.167 1.993 13.704 170 717 13236 1.018 8(A) 19.126 116.451 302 28292 783 210 4.859 116.451 616 32.919 954 1.037 5245 526 314 4.627 8.594 115 1263 1.018 827 11.973 526 Venue Hire MarkrfÈnfvi Bank Charges DonatiODS FIN)d deltveri¢$ 19.126 15595 20 3,628 10,429 15.595 79 1.170 427 3J23 770 3.750 4.798 10.429 Gov¢maDce costs {See below} 2.759 1759 .156 4.156 Toiolcosts 34547 858J93 65,401 395.719 401,120 Page 12
Raee CollD¢il Cym Vear ended 31 M#rch 2022 Governrtt¢ 22 21121 Totsl Professional fees 5(ffg 1.156 1,156 IDdependeni examirIoD 50 2,1fy) 2.Tr(K> 2.759 2,759 1.156 4,156 Tax4tloD The charity is potentiallyex¢rnptfrom ts¥8tion in res of Ite or Capitsl gain5 r¢ceivedwithiD cagories tovered by Part I I Chapt¢r 3 Corporation TaA Act 2010 or Section 256 of the Taxatith of Cbatgeable Gal Act 1992 to the extent that such iti¢ome or gains appli exclusivety to clJariL%ble pur. Atttys of stsff rosts •lld ¢rwtee rem•meTllo• Rd 2e22 2021 Wages attd sHlari¢s So¢iaJ Kcurity costs PeftLSiOn 99.159 4.696 1187 44,062 1,192 100.042 45.254 No employttshad emolwnents in excess of£60.(KKII2021-£Nil). PensirAJ costs artall(xzd to¥tiviti¢s tnprop)rtion the related stsff]] Costs incurre41 and are wlM)Ily tharged to uDr¢tht¢d fund& The chatity tru5t¢¢s w¢r¢ not pdreceIV anyothErb¢n¢fits from ¢mployDKDt withthe charity inth¢yw(2021 . £Nil) ncitherwerethzy T¢irnbursed exp)Se8 during the year{2021- £Nil). No tru5te¢ recei•1 for prof¢5sioTh&I orother services supplied to th¢ ¢haTity. The key Managt pusonnd of the Lity coDJpris¢ thr tDJ5tecs and the CPrity's di1#. Th¢ totsl employee beoefits of the key management persomiel of the cblrity weEeU6.43412021- £11.6201. Stff nymbtT¥ The •verage Dumber 0[p1yea Dd prt staffj d•Thg the yer w*L- 2022 2021 Admi"nistra1i staff Charitable activibes io Dtbtor5 2022 202] 148.936 6,71KI 148,936 6.7 Credltm: falllBg dKe vAthln yar 2t122 2021 Other¢Thlitors and 4ccruals Sttial 5¢curity and ¢)trtes 41401 671 58.596 58.596 43.072 Page 13
Race Countll Cymrn Year ended 3t Mr¢h 2022 12 ARatyth of chrltble ADalysis of movemeDt unrethted Yr ended 31 2022 Funds Trnsfe BAknce 51 M4rch 2022 iApFiI 2&2J General fund 57.855 45277 (34J47) 113.692 182277 Totsl 57.855 45277 (34.547) 113,692 182,277 Ye8T ended 31 21121 Balrfnce 3J Mqrch 2112J 2(+2• G¢Taeral fimd 21.033 63.612 {65.401) 38.61] 57.855 Toral 21.033 63.612 {65.401) 3&611 57.855 Iyamt ofttnrestrirt fwid Dexrlpti• Htsre md puryow ofth¢ Generalfund Page 14
RAee Collncil Cymrn Year eded 31 Mrch 2022 12 Au]y5N ofchxritbk funtts (c11111) Athxlysls of Jnoyeweryt IA restricted f1% Ytar •)dtd 31 Mxreth 2022 Bal4•re IRcoThinz TraRsfer5 l Apra 2021 Bolance 31 M4rch 2822 Windrush cym. Our Voices, (h Stotie& our HFstory willdnb Cyrnru Elder5 Multiculrural HUBS Equalities & Diversity Trdining Crossing Bord¢rs Welsh GoverDment- Race Hate Prtbject Black, Asian and Minority Ethnic Y(NJth Foru Corni¢ Relief Global Majority Fulld Citizens Advice Cyrnru Arts Councll W4l¢s. Arts 0[lsationS Recovery Fding- Revenue Arts Council Wales- Arts OrgaT]isations Recovery Funding- Capital Th¢ GrJnd Hub MenK)ry: Pas4 Present ar Future Zero Tolerdnce Policy for Racism in Wales Race Equality Action Plan (REAP) Black Lives Matter Wales Welsh Local Government A&qociation Hate Crit Schools Black History Walc5 2021k21 Black History Wales 2021-22 Covid19 Project Funding WG BHW REAP 08 PCC ACES HUB Gardet) café WG WindnLsh Day 2021 & NHS WGWD WCVA TSPC Consultamcy and engagcmcnt Smack Ban & RSE CAB translation Youth Projects 13.591 898 25.819 148 9.625 157 3,450 18287 30.068 2.025 123 (16.478) (3.278) (13.814) (23.895) (9.090) (726) (IIM)) 30,[ (288.014) 48,805 (31335) 2.730 1,070 30292 6,321 2.560 (8 J97) 384 13,453 17,878 271.467 1.408 51.865 7535 (48.026) (I l J74) 30,878 6,120 2,385 &896 2.395 (31.155) (6.329) (2,24D (9.842) (24,049) {5.077} 2.682 277 209 71M) 24.995 838 22,196 {20J63) 92.693 (127,774) (42.265) 91,446 (64.134) 2.022 (2.997} (33.505) 168,0 (83.103} 13240 (8219) 7,760 (4.850) 10275 {6.697} 3.501 (362) 60.398 (27,6521 17.278 (8.924) {4,043) (8.869) 8277 27.312 34.480 84,897 5,021 2,910 3,578 3,139 32.746 8.354 4,357 7.126 15,995 553249 679.349 (858.393) (113.692) 2fA),513 Page 15
R8ee Coun£ll Cyrnru YeAr ended Jl March 2022 12 ADtysis of cknritable fundx (cottlknued) Year ended 31 Mreh 2021 Resthtsd Baknce Incomivg Funds Tr¢nsf l Apru 2020 Resthted B41ffjnee 31 Mqrch 2021 Herttage Lottery Fund W1ndTb 2019 Royal W¢lsh College of Music & Drama Windrush Cyn]ru Elders Welsh Government: Black History Month 2019 Welsh Government.. Windrush Multicultural HUBS Equaliiies & Diversity & Training Wales Council for Voluntary Action ThiTd S Partnership Council HeTitage Lottery Fu Cro&8ing Borders Welsh Govemment- Race Hate Project Black. Asian and Mirnty Ethoic Youth Forutn South Wales Police Youth Fund Comic Relief Global Majority Fw Ciiizens Advice Cymrn Atts Council Wales- Arts organisati(V R0Very Funding- Reven AtL8 Council Wal&%- Arts Owisatiotts Ren)very FundiT]g- Capital The Grand Hub Memory.. PasL PteseDt and Fulure Zero Tolerance Policy for Racisnj in Wales Race Equality Actton Plan (REAP) Black Lives Matter Wales Welsh Lo1 Government A&sociation CtiD SchLN)Is Black History Wales 202(k21 Covid19 Project Funding 1.768 (2.Iin 273 69.313 2277 I10.IY93 (2J07) 33.502 (21.679) (2,51X)) 13,591 (383) 625 13.980 (59.680) (23.613) 9.580 (8.955) (2.902) 17.387 (101.661) 30288 (30.383) 898 25,829 148 2.550 6.927 3,501 10,(KKI 29.877 {6,940) {375) (28.318) {2(K)) {360) {8.534) (8.601) (3.488) 9,625 9,000 7.441 (1.822) 1.135 {775) 280.(X)i 10,(X)9 271,467 1,408 67.815 {15.950) 51,865 49,229 iO,(KM) 15,( 35,(KKI IS,61 {18.351) (3,880) {12.615) (16.104) (10.IHJo) (16205) 30,878 6,120 2,385 8,896 2,395 88,524 57,730 (11.178) (23.250) 77.346 34.480 Total 192,981 794.598 (395.719) (38.611} 553,249 DeseriptiOD. n•thre purpow of the Mmltietslturnl HUBS RCC have cr¥aied 5 Multicultural HUBS acrnss Wales: GRAND Mthticulllual HUB (Swansea). N¢wEK)rt, Nortb Wale& West Wales and Cardiff & Vale MulticulbJral HUBS. Wlndnish Cymrn.. O¥F VoitLs OMrStori&s Oxr Hlsi•ry A project to capture histories of the Windwsh generlOn a1 to provide an eVer1lg accurate social history of their voices, illaages and lived experien¢¢. indrmsh Elden (WCEJ | wind1v DAY 2020 RCC contillue io supp)rt the Windnlsh CyD]ru Eldets with seTric4 aclivities and special events such as Windrnsb Day 2020. Zero Tolemnce Polieyfor R4¢'isTh in Wales | ZEROKICISMIYALES ZERORACISMWALES calls on au Orgatiisaiions and individuals commit1 to pronx)tillgracial barnny and equity to 518n up to our zeTrtolernttce 11¢Y to ID WaiG8. Black History 20212] Delivery of thc Black Hisiory Waies progrdmnw fora fidl 12 Inths. from l October2020 to 30 Septeber 2021. achieving th¢ long-temi aim of progrc5sing from one thken Black History Month to engagement with Black History delivery tbroughout ¢ach ad every year in Wal. C4vni¢ Relief Globolmdjwity F•nd (GMF) Page 16
Race Couttcil Cym Year ended 31 Mar£h 2022 RCC was awarded funding to act &8 IrAternd1 partll to Comic Relief and alateS. National En)ergency Fund. The Clothworker5 Foundation and Esmee Fa1rn FowNlation, to distnl)Utr rapid funding a diverse rdnge of locally-led commullities experiencing racial inequality. Cltsns Advice CYMN I Crfrdiff& Vale A RCC engagern¢Dt service in parti withcitizs Advice Cynllu to I]d a strong¢radvice service forculturally diverse communities. Apts Co¥n¢7'1 Iyales | Arts OrydRiM&oRsR¢¢owry (Cwol & Ree) Covid19 recovery funding for both capital and VenUe costs to Sllprt the reopening of the GRAND Multicultural HUB in the Arts Wing of the sWaDs Grand Theatre. The Grand Hb Memory." FhKre A project created to engage widcr Iwal comrtiurrities the heTitsg¢ of the Sv/8Trsea Grand Th¢atr¢, by capturing tbeir past emories and present COTmeciions to the iconic building within an exhibition. Black Lives Mtter Iyales RCC support for the Black Lives Matter'R¢gional' leada5 to WOTk asacollective to PTO81 the BLMW Manifesto and policy Work. Black. undMin017ty Ethwe Youih For Members of theNational Youth Forum have delivered key ¢ngagement in all areas ofyouth equalities and in addition SUPFrfYrted a Welsh Youth Par11all[Ian throughout their apillIt to Welsh Government Crossing Borders | South Wales Politt ISIVP) Yo#th Fwnd A youth group supwrted witbdatlce 3ndmusic Sl0n$plUS cD8a8em¢ntwith the Police YouthVolunt¢¢rschetne to learn about Police protocol and life skills. Iyelsh Government (WG), Clime hfthority CoJKMuMilies Gr4MI Welsh JAal Gm¥rnmeNtAssociotioft (IZGA) Hate Crime in Sehools Deltvery of the progrnmme establishing a Hate Criti CotEllttunity Champion's sclM. (rhe WLGA Hate CTime tn Schools Programme was temporarily halted during the PBndemic). RWCMD Inter4gtionl Cbir of Dfvenity Deliyery of a three-y&qr d¢v¢lopment programDK on diversity atxl equality with key 511PWt toprogTess the RWCMD Equality Aclion PlaD and Antiracism Acuon Plan. Wales Cèuncilfor voluryA¢Iion (WCVA) | Thirdsectsr P4nvrslAip CoMMellf75PQ RCC represents the Inte$t of Minority Ethnic communitiLs on WCVA'S TSPC. wljich is a key mechanisrn forthe third seetor to s])aTe inforutioll and from Welsh GovernTnenL Eq¥alities & Dimsity TrniHing/Consuknn¢y RCC continu¢todelivertratningitiall aras of F4ualitr5 acm&s Wales incIling. Anti-RacisnL Unconscio$ Bia4Multi¢ultural Awar¢ness trdining. Covld19 Proiert Funding RCC was awarded a seriG8 of Covid19 relad fimding to deliver &tial suPrt aj servic¢s. Wales Ruct P4Tty Gnwp on R¢ Equrflity RCC sits on the Wale5 Race Fonlln (WRFI and the Cro&$ Party Gro on Race Equality {CPG). toprovide advice on issues that affect the BlacK Asiall aud Mauority Ethnic cOnmw¢ Page 17
Race Council Cym Year ended 31 M4rch 2022 13 Analysis of net be¢w¢eD fw141• 2022 2021 Restrleted fynd Cash 8t bank and in hand Net current assets 173.497 8.780 178.953 81.5( 352.450 JJ40 61.696 (3,841) 585.780 {32.531} 647,476 (36,372} 182277 2fAI.513 442.PJ) 57,855 553249 611.104 14 Relted party trn51etlotts During the year payments were rnade io the RCC Directs)r of £8.350 {2021- £24,333) fororganisational & prOjt managerneDt and to the RCC CompanySeu¢tsry of £29,546(2021-£35.89)) for Black History Wal¢s project maTMgement and RCC tralning prOgraMn design. delivery and paymcDts distsibuted to third party tyaining contra¢tor5. 15 C•Mtrol of the ¢hrttabk compxtty The ¢haritsbk conyny 15 UTMkr the trol of the boord of mise&8 no individual 15 a persoo of Si)1ficallt control. Page 18