Company No. 8248195 Charity No. 1149491 ALLIANCE FOR COHESION AND RACIAL EQUALITY LTD TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Alliance for cohesion and racial equality Ltd. Reference and adminlstratlve Informatlon Directors: Dr Mohammed Ejaz Elahi Mr Andrew Kossi Singo Dr Alice Mpofu-coles Mr Glen Anthony Dennis Dr Sunila Lobo Miss Shreeya Paudel Chalr: Dr Mohammed Ejaz Elahi Treasurer Mr Andrew Kossi Singo Company Secretary: Mr Victor Koroma (Chief Executlve Officer) Other names charlty known as: Acre Reglsterod off1. Middle Building 344 Oxford Road Reading RG30 1AF Registered Company Number: 8248195 Registered Charity Number: 1149491 Independent Examlner: Bernard Manase No 33, 193 Wensley Road, Reading, RG16EA Bankers: Co-operative Bank PO Box 250 Skelmersdale WN86 Co No 8248195 Charity NO 1149491 Page l of 18
Alliance for cohesion and racial equality Ltd. Report of tha board of Trustees for the year ended 31 March 2024 The Board of Trustees present their report and the financial statements for the year ended 31 March 2024. Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011, the Companies Act 2006, and 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 (FRS 102) (effective 1 January 2015). Structure, Governance and Management Governing document The charity Is a company Ilmited by guarantee. incorporated on the 1 Oth October 2012 and registered as a charity on the 25th October 2012. The company was established under a Memorandum of Association, which establlshed the objects and powers of the company and is governed under Its Articles of Association. Directors and Trustees All the directors of the company are also Trustees of the charity. The Trustees, who held office throughout the year, unless otherwise stated, were as follows: Dr Mohammed Ejaz Elahi Mr Andrew Kossi Singo Dr Alice Mpofu Coles Mr Glen Anthony Dennis Dr Sunila Lobo Miss Shreeya Paudel Mrs Constance Gooding (Retired 1910912022) The Board of Trustees meet regularly throughout the year and is comprised of the directors of the company. In addilion, Ihe board has set up (Finance and Human) Resources and Business Planning, and a Community Engagement sub-committee to assist the decision-making process. Recrultment and a ointment of directors Acre is managed by a &member Board of DirectorslTrustees and all are gIStered with Companles House and the Charity Commission. At their meeting of 25th June 2013, the 'Board of Direclors, agreed to be referred to as a 'Board of Trustees, for reasons of addressing comfflunity perception. The organisation allows for up to 10 Trustees so as to increase diversity of representation. In any given year at least one vacancy is lefl open for potential co-option to the board. Trustees are recruited on the basis of community representalion from the organisation's register of rnembers, and new Trustees appointed on meeting specrfic skills criteria to enable the organisation improve its reach in order to achieve the key aim of community engagement and empowerment. Expressions of interest are invited from interested parties and the appointments are confirmed after potential candidates have been voted for by the general rnembership. The Board of Trustees have collective responsibility for managing the organisation, and are accountable to the members. beneficiaries, and funders of the charity. Co No 8248195 Charlty NQ 1149491 Page 2 0118
Alliance for cohesion and racial equality Ltd. Report of the board of Trustees for the year ended 31 March 2024 (continued) Retirement from the Board or vacancies otherwise created during the reporting year are mitigated by request for expressions of interest, CO-OPtion and subsequent election at the next AGM. Members eligible for retirement from the board stand down at the Annual General Meeting and may seek re-election subject to Clause 32 of the Acre Articles of Association or any resolutions passed by the general membership to the contrary. Accession to the Board of Trustees is open to any member of Acre that can make a positive contribution towards achieving the objectives of the organisation. Risk assessment The Board of Trustees has been diligent in examining all the strategic and operational risks to which the organisation is SUSptib1e and is pleased to report that systems have been put in place for regular reports to be produced and considered towards reducing real or potential risks. The Trustees have also set up a Business Planning and Resources Sub-committee (comprising of Chair, Deputy Chair, Treasurer, and 1 other Trustee) with delegated powers as a contingency committee that Gan take emergency action to minimise risks to the business of the organisation. Following an objective assessment of the operations in relation to financial resources at its disposal, the Trustees are pleased to report that there are no immediate concerns or threats to the operations of the organisation. The Board of Trustees will continuously assess the risk to the organisation and make decisions to avert any perceived risks. Mana ement and staffln The day to day running of the charity and delivery of projects is under the control of the Chief Executive Officer, Victor Koroma and 5 staff members. The CEO reports regularly to the Board of Trustees comprising the individuals noted on page 2. Ob ectives and Activities Acre is a community led infrastructure organisation set up to work towards the elimination of racial discrimination. promote equality of opportunity, and good relations beeen persons of different racial groups, and diverse communities. It is guided by a Mission statement: 'Promotlng equality, and community cohesion in Readlng. The organisation has set itself the following objectives: 1. Challenging all forms of discrimination. bigotry and extremism. Acre established a pan-Equalities Alliance to collate information, monitor trends and Identify gaps pertaining to inequality in the provision of public services, discrimination in employment. and working in partnership with the relevant authorltles to support victims of hate crime. 2. Promoting understanding by engaging with 811 sections of the Readlng society to inform, empower and encourage cooperation and mutual respect between Ihe diverse communities in Reading. In pursuit of these objectives, Acre provides support services via its Alafia Family Support Team to ethnic minority families caring for children and young adults (0-25) with a disability or additional needs.. facilitate engagement and consultation of Minoritised communities by statutory agencies. host events to celebrate the cultural diversity of Reading,. developed the Rose Circle (Reading) a forum designed to support women's health and wellbeing. set up a men's support group 'We, Men!, to address health and social matters affecting men in the community. provide infrastructure support for small and underrepresented community organisations to enable them achieve their objectives,. and recognize the achievements of individuals or organisations that work towards promoting equality and community cohesion in Reading. The charity has Sin developed a Community Wellbeing Hub to provide coordinated support to individuals on issues pertaining to health and wellbeing. Co No 8248195 Charity NP 1149491 Page 3 of 18
Alliance for cohesion and racial equality Ltd. Report of the board of Trustees for the year ended 31 March 2024 (continued) The Board of Trustees continue to oversee the further development of Acre as a substantial contributor to the voluntary and community sectors in Reading, and is now an essential delivery partner for the Reading Borough Council's 'Narrowing the Gap, strategy to tackle poverty and promote inclusion in Reading. In October 2022 the organisation secured 2 separate contracts, lasting 3 years (2022-25) deliver Reading Borough Councils new 'Closing the Gap. community support strategy to (i) provide Infrastructure Support to both settled and emerging community groups. We deliver this by identifying, engaging and supporting community groups to participate in mainstream services and structures- to make their contribution to the development of Reading as a multiethnic, multi-faith and multi-cultural society.. and (li) promote Community Resilience by supporting and redirecting individuals to health and wellbeing initiatives - this is delivered by Acre's Community Wellbeing Hub where attendees benefit from services, advice and'support from multiple statutory, voluntary and community sector organisations. Acre works in partnership with other VCS organisations in Reading to raise awareness of issues of concern impacting minoritisedlmarginalised communities. and the Reading Society in general. Activities have also included raising awareness of culturally based violence against women, including domestic violence against both men and women, Female Genital Mutilation and forced marriage. We have a Men's Group opposed to FGM, and regularly promote awareness of Mental Health and Dementia. We also work with Thames Valley Police (Reading) to promole Community Safety concems and devise strategies to appropriately respond to Hate Crime. Acre's Alafia Family Support Group provided practical help and support to Ethnic Minority families caring for disabled children and children wilh additional needs, Public ben•fit Trustees confirm they have given careful consideration to the Charity Commisslon's general guidance on public benefit when reviewing the organisations aims and objectives, and also when planning work programme for the year. In particular, the Truslees considered how planned activities will contribute towards achieving the organisations aims and objectives. Furthermore. all our services are free to our customers. Activities undertaken Ihat demonstrates public benefit includes: A. Facilitatlng a central body (Equalities Alliance) for promoting equality across the 9 protected characteristics as defined by the Equality Act 2010 and to enable the development of strategies for reducing inequality of access to public services, employment. B. Hosting a bi-annual Hate Crime Forum, and bi-monlhly Hate Crime Case Monitoring meeting involving Community Safety Partners Thames Valley Police, Reading Borough Council, voluntary and comrnunity support organisations and individuals. C. Developing project initiatives aimed at promoting equality of opportunity and reducing the marginalisation of individuals and communities because of their identity or association with the protected characteristics. D. Creating the right environrnent to promote all aspects of community cohesion, empower communities and individuals to collectively engage with decision makers, and to enable them to find common solutions to common problems. Achievements and erformance Acre continues to grow its reach within minoritisedlmarginalised communities and has consolidated its position as broker for issues pertaining to equality in Reading. Acre has representation on various strategic bodies in the town including the Reading Voluntary Sector Partnership, Reading Community Safety Partnership (Hate Crime Strategy Group), Youth Justice Board, and various ethnic minority support networks, Thames Valley Police (Reading) Independent Advisory Group & Police Scrutiny Panel, Royal Berkshire Hospital Foundation Trust, and the Thames Valley wide anti-FGM Planning networks. In 2021, Acre, in partnership with community support networks established a community wellbeing hub to address health and wellbeing concerns, especially mental health. loneliness and isolation. Summary of these activities form the basis of an annual report to members. funders and published to the Reading community. Trustees were diligent in ensuring that the charity operated within its means to achieve its ststed objectives. Co No 8248195 Charity N. 1149491 Page 4 of 18
Alliance for cohesion and racial equality Ltd. Report of the board of Trustees for the year ended 31 March 2024 (continued) Membershi In 2013-14 Acre reviewed and restructured its membership eligibility criteria with the aim of increasing the general membership to include organisations that provide direct support to individuals on the basis of characteristics identrfied under Ihe Equality Act 2010. protected characteristics. Membership of the organisation has therefore been steadily increasing following on from the review and now boasts of working with 74 community organisations of varying sizes. Plans for tha future Acre has Set up the Equalities Alliance and Hate Crime Forum which has strong links to the Reading Borough Council's Equality. Diversity & Inclusion strategy, and with Thames Valley Police enabling these statutory bodies to seek views on issues pertaining to equality and community cohesion, or to progress strategic community priorities. Within the Alliance, Acre continues to provide strategic leadership on race, religion and issues pertaining to minoritised communities and positively contributes to the local authorities CtG strategy by providing infrastructure support to, and build resilience of minoritised communities. communities. promote and celebrate the cultural diversity of Reading. Acre piloted training programmes in Equality & Diversity, and Culturally Tailored Mental Health & Suicide Awareness, is working towards developing such activities that will generate income to support the empowerment of minority communities. developing self-help partnerships and enabling ethnic minority communities to realise their potential. Since its relocation to the Oxford Road Community, Old Battle Hospital site, Acre has intensified engagement with community networks and individuals in the immediate environs thal is the multi-ethniclcultural Battle Ward, West Reading. Furthermore, Acre now manages the ORCC on behalf of the ORCC Partnership,. provides meeting spaces at affordable rates, and will continue with its work to stimulate engagement and integration of groups in order to prornole community cohesionlgood relations between different ethnic minority communities, and the wider Reading Society. Acre is also developed a 3-year Business Plan which incorporates assessed needs of the Oxford Road community and plans to gradually include additional opportunities and potential ServIS to local residents. The core objectives of the plan are- Vision.. A society that treats its citizens with equality and promotes integrated communities Mlsslon: To promote equal opportunity for all and community cohesion by offerlng support And guidance to individuals and organisations. Valuas: Respect,, Falrness. Equallty., Dlversity; Inclusion. Empowemient. Educatlon. Awareness,. Participation. Trust,. Care. Key Objectives Promote equality across the nine protected characteristics of Equality: 1. Promote equality issues by developing resources that support the work of the Equalities Alliance in highlighting issues affecting diverselmarginalised communities in Reading. 2. Raise awareness of hate crimes working in partnership with Thames Valley Police Hate Crime unit and the Reading Borough Council Community Safety Partnership. 3. Take full advantage of our new location to expand the Alafia service to reach more families and develop other services as identified by the users of the group 4. Extend the reach and services provided by the Rose Cenlre. and develop it into a sustainable multi- disciplinary clinic and support centre for survivors of FGM Promote comrnunty cohesion through integration, engagement and empowerment Promote services for young people to encourage their participalion in community affairs, and offer them skills to enable them to play their part in the Reading society 2. Support leaders of marginalised communitie5 to develop support networks so individuals are empowered to engage with mainstream networks and services Co No 8248195 Charity N. 1149491 Page S of 18
Alliance for cohesion and racial equality Ltd. Report of the board of Trustees for the year ended 31 March 2024 (continued) 3. Provide infrastructure support for small and emerging community groups 4. Diversify the income streams through development of standalone non-funded services that meet the needs of the Community and individuals In the organisation's calendar of events Is an Annual General Meeting in October which is tied in with celebrating Black History Month and Hate Crime & Anti-slavery Awareness week. The organisation is committed to hosting the following public engagement events annually: (a) Holocaust Memorial Day - January (b) UN Zero Tolerance to FGM Day- February (c) Intemational Women's Day - March (d) Health Equalities Conference - March {e) Mental Health Awareness - May & October {fj Commemorating Windrush arrival- June- November {g) Black History Awareness - October (h) International Men's Day- November (i) Diversity Day- December These annual events are supplemented with ad hoc meetings for the purpose of informing or engaging publiclcommunity and to address issues of concern as they arise. As part of our service contract with Reading Borough Council, we hold bi-monthly Hate Crime Case Monitoring, and bi-8nnual Hate Crime Forum meetings to make Reading Police and RBC Community Safety team more accountable to the communities we serve. We also organise consultationlfocus group meetings to enable statutory and other services to engage with our customers, as well as regular information exchange and advice sessions with community members and individuals. Financlal revlew For the financial year in question, 0110412023-3110312024, total income received was £335,857 (2022-23.. £ 286,672) and total expenditure was £230,418 (2022-23.. £ 233,455). Total fund balances at the yearend at 3110312024 are £206,495 (2022-23: £101,056) of which £176.981 {2022-23: £73,423) represents restricted funds. Reading Borough Council was our principal funder. R•sèrve8 Pollc The Trustees aim to maintain free reserves at a level which equates to approximately two to three months of normal operational expenditure. Co No 8248195 Charity ND 1149491 Page 6 of 18
Alliance for cohesion and racial equality Ltd. Statement of Directors Responsibilities The directors (who are also Trustees of the charity) are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the company and of the incoming resources and applicalion of resources. including the income and expenditure, of the wmpany for that period. In preparing those financial statements the directors are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charity SORP. make judgements and 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. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial slatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies. In preparing this report the directors have taken advantage of special provision of the Companies Act 2006 relating to small companies. The Trustees a responslble for the malntenance and Integrity of the corporate and financial Information Included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Sig ehalLo board of Trustees., Dr Mohammed Ejaz Elahi Director and Chair 0311012024 Co No 8248195 Chariryl NQ 1149491 Page 7 of 18
Alliance for cohesion and racial equality Ltd. DENT MINER'S REPORT HE ACCOUNTS Reports Éo the Tnmtseslmémbers ofth8 Allarte for Cohesion 8rtd R•Sal Equality Ltd on thè ts for tho year ended 31 March 2024 sel out on pageg 2 to 18. R••p•ctlv• r•spon•lbllttle• of Trugtees and •xamlnw AS d8scribed on pag8 10. The Charty's Trustee5 (who are also the 1ctOrS of the company for Ihe purrvses of c(mpanY lawl ore responsible for the preparalion of the fina121 statements. The Trustees are satisfied thal the audit requiremenl of Sectijn 14411) of th8 Charilies Act 2011 (the Act) do88 not apply, end that there is no requirnm8nt in Ihe goveming document cr con814tution of the Ch¥lty for the conducting of an wdrt. AS a ¢on$equence, th8 Trust88s have elected Ihal the financial slatements be subiacl to Independent examinalton. Having 8all8fiod rnyself that tha Charty * not subject lo audlt, and b elglblé for Independent examiro11on, It18 rny respornlbllNy ID.. a) Examlne th• accounts under sectknn 145 ofthe Act. b) To follN thè procadw6818id d(ywn in the Gen•r•l Dlr¢¢tbn6 glven by th• Charlty Commls8lon under section 1445llb) of th8 Act. aTrJ: cl To stote wtthr matters hav• ¢omo to my allonllon. aa•l• of Indwnd•nt •x•mln•rf• •lat•rn•nt I conducted my•xamlnallDn h accordance wlth thè General DlrecttODs gl¥en bythe Charlty Comm1981oners for Engl &Wales In relatlon to th8 u¢lld ol sn Independent examlnallon, rnferred lo aLM)ve. An Independe examinatlon IrKlud88 8 reviaw of the accounting recor£ls kept by Ihe Charfty and of the a¢rUntI 8temS empbyed by thè Chwity End a comparl8on of the flnavKlal Statements presented wth Ihese records. It 0150 Indudes consideratn of any unusual Item8 ordlsclo8ure9 In thefironclal Blatemente, aThl seeklng exF4aftations frcxn you a tru8100 Conc6Th9 such matter6. The purp088 of the examlnallon18 to e8iabllih A8 f¥r 88 that there have baén no breaches ol the Ch8rltleB leglslatlon and that the finarthl statement8 comply wSth the SORP, on • t•8t ba$, of ovld•nc• fel•v• to the amount8 and dlsdosures In tho flnand81 $latament•. The procedwè8 undgrtak•n do not provkle 11 the evhjence that vK)uld bo requlred In an audlt. and infomalion 8upplled by the Truste08 in Ihe course of Iho ex8m5natlon 15 riot sublected to audit tests or enque8, and ¢ons8quenUy I do not exwe88 an audtt oplnk)n oft the vlew gfven by the ftnandal stat•ments. and In p¥t1, l express nD oplnlon as to whether tb• nancIal statoments ae a tru? arKI falr View of affair8 ofth8 eh¥lty. and rny report 18 lirn11gd to the mattern 80t wt In tho stalemonl below. I plann•d and pwfomiod my examlnatlon 80 as to 8atigfy my8oW that Ihe obltIveS of the Independent oxarnlrAllon are acNeved and béforè finali8lng the r8Pryt, l obtaln wrltten a5surancas from thé Trustees of all malarlal mallafs, Inda nden examlner'g stalerne In the cours¢ of my examinatron, no matt•r ha8 come lo my attentlon. 1. Which me rea8on8ble cauw to b1• that In, any rnat•rlal respect, Tru•lo0 fequlrèments: To keep arcounllng records in accordance with ¢tn 386 of the Companlos AGI 2006: and To prgpore attounts whlch acGont with the accounting recoY(Is. compty wllh the accounllTrJ rBquirem8nt of sectlon 398 of the Companth tht 2006 and with the melh¢Jds and prlnclpfes of the Stalwnenl uf recommended Practrn: Accounts and Reportlng by Charltbs hava not be?n mgt; 2. To whlch, In my oplnlon, attentlon sh¢JJld be drawn In or(ler lo enable a pn)peT uThlerstandlng pf the ac¢oLnts to be rgached. d Mana5e.' No 33. 193 Wensley Road, Re8dlJYJ. RG16EA ACCA 0711012024 oNv 8248JgS Chority W 1149491 Pay8ofi8
Alliance for cohesion and racial equality Ltd. STATEMENT OF FINANcL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 UNRESTRICTED RESTRICTED FUNDS FUNDS TOTAL 2024 TOTAL 2023 NOTES Income Donations and legacies Charitable activities Investments 5,991 24,815 305,052 30.805 305.052 21,731 264,941 Total income 5,991 329,866 335,857 286,672 Expendltures Charitable activities 4,110 4,110 226,308 226.308 230,418 230,418 233,455 233,455 Total expendltures Net income I (expendltures) 1,881 103,558 105,439 53,217 Net movement In funds Reconciliatlon of funds Total fund3 brou9ht forward Total funds carrled forward 1,881 103,558 105,439 53,217 14 27,633 73,423 101,056 47,839 29,513 176.981 206,495 101,056 Balance sheet as at 31 March 2024 Notes Total 2024 Total 2023 Current assets Debtors Cash at bank Total current assets 11 12 163,484 68,715 232,200 16,073 112,067 128,140 Llabllltles Creditors: amount falling due within one year 13 25,705 27,084 Net current assets 206,495 101,056 The funds of the charity 14 Unrestricted General reserve Restricted General reserve Total Funds 29,513 27,633 176.981 206,495 73,423 101,056 The Notes on pages 09 to 18 fomi part of these financial statements. The Company was entitled to exempt from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. Co No 8248195 Charity Nf 1149491 Page 9 of 18
Alliance for cohesion and racial equality Ltd. These accounts have been prepared in accordance with the provisions applicable to small companies, subject to the small companies, regime and in accordance with FRS 102 SORP. Approved by the Board of Trustees on 0311012024 Signed on behalf of the Directors Andrew Kossi Singo (Treasurer and Director) Company Reglstration Number 8248195 Notes fomilng part of the Financial Stat6monts for tha year ended 31 March 2024 1. Accounting Pollcles Accounting Convention These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011. The financial slatements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £1. In these financial ststements. the charity has applied the exemptions available under SORP (FRS 102) In respect of the following disclosures.. Cash Flow Statement and related notes The charity constitutes a public benefit entity as defined by the Charlty Commission and FRS 102. Income racognltlon pollclos Income is included on the Statement of Financial Activities when the charity is legally entitled to the Income and the amount can be quantified with reasonable accuracy. Income from grants and donations are included in income when they are received. except for- When donors specify that grants and donations given to the charity must be used in future accounting periods, the income is deferred until those periods When donors impose conditions, which have to be fulfilled before the charity becomes entitled to use such income. the income is deferred arid not included in incoming resources until the preconditions have been met. Expenditure Expenditure is accounted for on the accrual basis and has been classified under headings that aggregale 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. Co No 8248195 Charity NO 1149491 Page ID of 18
Alliance for cohesion and racial equality Ltd. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Depreciation All assets costing more than £1,200 are capitalised Tangible fixed assets are depreciated over 3 years on the straight-line basis except in the case of assets held on behalf of specific projects where depreciation is calculated evenly over the life of the project where this is known to be less than 3 years. Depreciation of tangible fixed assets held on behalf of certain projects is allocated to the particular project concerned. Taxation The charity is a registered charity and is exempt from corporatlon tax on the charit8ble activities. Funding accountlng Unrestricted funds can be in accordance with the charitable objectlves at the discretion of the Trustees. Restricted fund5 can only be used for particular restricted purposes with the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted and specified purpose. Governance Governance cost includes the cost of governance arrangements which relate to the general running of the charity. These activities provide the governance infrastructure which allows the charity to operate and generate the information required for public accountability- They include the strategic planning process that contribute to the future development of the charity. Going concern As directors we have considered the adequacy of the disclosures made in the financial statements concerning the going of the company. The financial statements have been prepared on a going concern basls, the validity of which depends on future funding being available. The financial statements do not include any adjustments that would result from a failure to obtain funding. Change8 In accounting policy There has been no change to the accounting policies since last year and no changes to the previous accounts. 2. Donatlons and legacles Unrestricted funds 2024 2023 Misc. income Alafia Total Restricted funds Reading Mencap - Alafia Misc. income Mayor's Donation Windrush 75 Woodley Players Donation from wr-ACRE Total Funds Total Funds 5,991 1,330 20 1,350 5,991 15,475 20.381 2,300 40 7,000 24,815 30,805 20,381 21,731 Co No 8248195 Charity NQ 1149491 Page 11 of 18
Alliance for cohesion and racial equality Ltd. 3. Income from charltable activltles Unrestrfcted fund8 2024 2023 Windrush Grant (Church Urban) RBC Community Research Grant HM National Probation Service Funding Miscellaneous Incorne NTG Grant Total 6,107 26,667 32.774 Restrlcted funds High Street Heritage Action Zone (HSHAZ) Windrush - 3G UK Windrush - NHFL Windrush 75 CHC cwo Mens Engagement Brilish Science Associatlon (BSA) Community Partnershlp Grant (BUCKS) RIB Kickstart (DWP) Miscellaneous Income Physical Activity Mental Health Project (PAMH) RBC Closing the Gap (CtG) - CtG-02 RBC Closing the Gap (CtG) - CtG-03 RBC Community Research Grant RBC CVC Project RVA community funding Thames Valley Police Total 1,800 1.650 45,701 1,347 43,944 20,000 3.200 10,000 5,000 2,000 25,875 28,560 11,937 3,600 6,700 25,815 79,967 80.083 945 76,316 60,779 2,000 232,167 305,052 Total funds 4. Investment Income 305.052 264,941 All the charity's investment income arises from money held in interest bearing accounts. S. Analy818 of expendlture on charltabl• activitles Notes Unrestricted Restricted 2024 2023 Staff costs Travel expenses Publications and subscriptions Premises Communications and IT Office costs Professional fees Insurance Printing and publicity Miscellaneous Activities Governance costs Bank charges 1,698 93,495 95,193 99,004 274 556 18 1,019 1,037 48 356 28 80 2,669 19,577 1.520 4.429 209 9,332 87,400 4.206 2.452 2.718 19,933 1,548 4.510 213 9,501 88,987 4.282 2.496 4.559 15.961 3,054 3,123 5.554 16.630 31.043 50,924 2,773 169 1.587 76 45 10 Co No 8248195 Charity NQ 1149491 Page 12 of 18
Alliance for cohesion and racial equality Ltd. TOTAL 4.110 226,308 230,418 233,455 6. Analysis of Governanca Costs Unrestricted Restrlcted 2024 2023 Company's House fee Consultations Coordination cover Independent examinerfs fees Other Legal and professional fees Research work Supervision TOTAL 26 3,045 26 3.100 55 19,318 22,350 18 988 147 1.006 150 1,256 8,000 76 4,206 4,282 50,924 7. Analysis of offic• costs 2024 2023 Cleaning Equipment expensed Light and heat Office Refreshment5 Rent Repairs and maintenance Stationery and printing Postage TelephonelBroadband TOTAL 5,872 5,769 1,449 210 3,102 4,140 1,147 236 1,050 1.098 2.238 29 2.922 15,961 2,268 2,441 21 1,867 19,933 8. Truste• Information No expenses were pald to Trustees during the year. 9. Employee information 2024 2023 Salaries Social security Employer Pensions Contributions Training TOTAL 81,790 9,254 84,376 9,932 4,149 4.395 300 99,004 95,193 No employee received remuneration amounting to more than £60,000 in either year. The charity operates a workplace pension scheme and all contributions pald to and held by Creative Pension Trust. The average number of full-time employees during the year, calculated on the basis of full-time equivalent5 was as follo. 2024 2023 Co No 8248195 Charlty NQ 1149491 Page 13 of 18
Alliance for cohesion and racial equality Ltd. 10. Analysis of activities costs. Unrestrictéd Restrlcted 2024 2023 20,755 Project Activities Empowerment & Health BAME Group- Men's Group HSHAZ Project NHS Charities (Community hub) Oxford Angst Cutting (FGM) ACRE ALAFIA CHC CTG-02 CTG-03 Digital Literacy MISC NHFL Windrush 75 PAMH RBC Windrush 75 RIB TVP Focus Group Mtg 2.280 1.111 6.448 450 2.084 2,122 271 70 212 215 14,922 15,193 3,830 3,900 11,659 11,870 11,830 12,045 148 150 1,242 1.265 1,046 1,065 22,526 22,935 1,274 1,297 11,905 12,122 4,676 4,761 257 262 23 19 40g 23 216 85 TOTAL 1,587 87,400 88,987 31,043 11. Debtors 2024 2023 Trade debtors Prepayments Other debtors TOTAL 155,611 1,550 6,323 163,484 8,200 7,873 16,073 12. Cash at Bank and In hand 2024 2023 Current Account Deposit Account Cash in Hand TOTAL 65,163 3,553 108,514 3.553 68,715 112,067 13. Creditors 2024 2023 Trade Creditors Stakeholder Pension Other Creditors Accruals TOTAL 23,060 1,328 1,316 18,625 1,328 4,921 2,210 27,084 25,705 Co No 8248195 Charity N. 1149491 Page 14 of 18
Alliance for cohesion and racial equality Ltd. 14. Statement of Funds At31 March 2023 At31 Expendit Tran March ures sfers 2024 Income Unrestrlcted Funds General Reserve HM National Probation Service Funding ORCC (Government Support Scheme) Alafia Donations Job Retention Scheme (JRS) Narrowing the Gap Charitable activities Donations and legacies Misc. income Increase in general reserves (24,219-913+85) Adjusting figure included in expenditures Training Income RBC Community Research Grant Windrush Grant (Church Urban) 15.010 5,410 15.010 5.410 4,388 4,388 11,667 -23,391 -54 2,251 2,806 9,546 5,991 4,110 13,548 -23.391 -54 2,251 2,806 9,546 Total Unrestrlcted Funds 27,633 5,991 -4,110 29,513 Restrlct•d Funds Project Alafia Kickstart (DWP) RBC Closing the Gap {CtG) - CtG-02 RBC Closing the Gap {CtG) - CtG-03 RBC Community Research Grant Community Partnership Grant (BUCKS) High Street Heritag8 Action Zone (HSHAZ) Physical Activity Mental Health Project (PAMH) RBC CVC Project RVA community funding Windrush Grant (ChurGh Urban) Windrush - 3G UK Windrush - NHFL Windrush 75 British Science Association (BSA) CHC Misc. income cwo RIB Mayor's Donation Prior year adjustment Woodley Players Donation from -AcRE Small Business Grant Total Restricted Funds 6,185 3,623 7,834 15,475 -15,475 6,185 3,623 38,540 30.751 287 7,852 971 2,033 19,059 18,444 3,035 79,967 80,083 -49,261 -49,333 287 7,852 971 2.033 19,059 18,444 3,035 1.800 -1,800 1,650 45,701 1,387 2.000 43.944 -1,650 -28,152 -1,387 -2,000 -27,070 17,548 16,874 4,100 7.680 4,100 20,000 28,560 2.300 -12,320 -28,560 -2,300 7,000 -7.000 73,423 329,866 -226,308 176,981 Total Funds 101.056 335,857 -230,418 206,495 Co No 8248195 Charity NQ 1149491 Paee IS of 18
Alliance for cohesion and racial equality Ltd. Statement of Funds Prevlous year (2022-2023) At31 March 2022 At31 Expendlt Tran March ures sfers 2023 Income Unrestricted Funds General Reserve HM National Probation Serwice Funding ORCC (Government Support Scheme) Alafia Donations Job Retention Scheme (JRS) Narrowing the Gap Charitable activities Donations and legacies Misc. income Increase in general reserves (24,219- 913+85) Adjusting figure included in expenditures Training Income RBC Community Research Grant Windrush Grant (Church Urban) 15.010 5,410 15.010 5,410 20 -20 26,667 -26,667 4,389 4,388 5,332 7,437 -1,101 11,667 23,391 -54 2,251 2,806 9,546 -23,391 -54 2,251 2,806 9,546 Total Unrestrlcted Funds 21,298 34,124 .27,788 27,633 Re8trlcted Fund8 Project Alafia Kick Starter RBC Closing the Gap (CtG) RBC Community Research Grant Community Partnership Grant (BUCKS) High Street Heritage Action Zone (HSHAZ) Physical Activity Mental Health Project (PAMH) RBC CVC Project RVA community funding Windrush Grant (Church Urban) Active Communities Nam)wing the Gap Misc. income Gardening Project Thames Valley PCC Reading Men's Group - (WE MEN) 20.381 11,937 25.815 945 25.875 3,200 -14,196 -8,315 -17,981 -658 -18,023 -2,229 6,185 3.623 7,834 287 7.852 971 6,700 76,318 60,779 10,000 4,667 -57,257 42,335 -6,965 -12,611 -15,000 2.033 19,059 18,444 3,035 12,611 15,000 500 1.097 4.056 3,600 4,100 -1,097 -6,056 -5,000 2,000 5,000 Prior year adjustment MOJO funding Small Business Grant Total Restrlcted Funds 22,776 22,776 9,999 -9,999 6.054 -6,054 26,541 252,$48 -205,666 73,423 Total Funds 47,839 286,672 -233,454 101.056 Co No 8248195 Charity NQ 1149491 Page 16 of 18
Alliance for cohesion and racial equality Ltd. Pur ose of Unrestricted Funds The designated funds have been setup to deal with unforeseen circumstances that may require additional expenditure in the future. General reserves are funds available to be spent for any purpose of the charity. Reading Borough Council - Accommodation support. rent and rates charity discounts. Alafia Donations - To help meet the cost of additional Outreach and Short Breaks provision for family and sibling carers. Fundraisln Acre in addition to making funding bids either solely or in partnership with other voluntary sector partners, has also stsrted raising funds through social activities as a means of augmenting income. Acre employees make presentations, and host training sessions which brings in revenue and donations. Pur ose of Restrlcted Funds Big Lottery Community Fund - provided grant aid for 4 years (2020-2024) to Alafia Family Support Service, in partnership with Reading Mencap to help increase the confidence of BAME parentlsibling careers disabled children (0-25) to participate in peer support group, social gatherings, and mild physical exercise Including group walks, cycle rides and swimming regardless of cultural or ethnic background,. helping to increase a sense of appreciation in parent and sibling carers that an improved quality of life is In their best interest and that of the children for which they have caring responsibilities. The total amount for the 4 years is £80,544.98 received by Acre in quarterly advances. For the year ending 31 st March 2024, the amount received and fully expended was £15,474.78. Closing the Gap - providing initiatives to encourage Community Resilience & Individual 5UPPOrt {£79,967)- and, Infrastructure Support (£80,083) over a period of three years 2022-2025 to minoritised communities. National Heritage Lottery Fund- organise a series of activities to celebrate the 75th Anniversary of the arrival of the Empire Windrush in 1948. Recording the experiences, highlighting the contribution, and the lasting legacy of the Windrush Generation to the economic, social. and cultural development of the United Kingdom. Awarded £45,701 for one year from February 2023 -2024. Llmlted Llablllty The company is a private company limited by Guarantee without share capitsl. Every member of the company undertakes to contribute to the assets of the company, in the event of the company being wound up while he or she is a member, or within one year after he or she ceases to be a member, such amounts as may be required, not exceeding ten pounds. 16. Connected Charitles and Related Parties The charity is a member of the Oxford Road Community Centre (ORCC) Partnership. The ORCC was run jointly with three other community organisations (Hindu Society, Ramgarhia Shaba & Gujarat Samaj). There are plans to restructure the partnership in 2024 by bringing in other community networks. Mr. Victor Koroma (Acre Company Secretary and Chief Executive Officer) is a director of the Oxford Road Community Centre, a company limited by guarantee. There is no confiict of interest with Mr. Koroma being a director of the ORCC. Each partner has guaranteed to contribute to the assets in the event of any unpaid debts should the company become insolvent. Each guarantee is limited to £1 per partner. The Charity is controlled by the partners on the basis of one vote for each director: Co No 8248195 Charity No 1149491 Pa8e 17 of 18
Alliance for cohesion and racial equality Ltd. Name Nature of Related party Transaction Typ• Value Debtors at 31 March 2024 ORCC Common Control Staff support & Overheads £1,200 £1,200 ORCC Common Conlrol Sundry Items £13 17. Contingent Liabilities There is no contingent liabilities or unfulfi118d communities to grants as at the balance sheet date. Co No 8248195 Charlty NV 1149491 Page 18 of 18