Compact For Race Equality in South Tyneside Limited Company Registratlon Number: 09978156 Charity Registration Number: 1169937 Compact For Race Equality in South Tyneside Limited Financial Statements For the Year Ending 31 March 2025 172 Albert Road Jarrow Tyne and Wear NE32 5JA
Compact For Race Equality in South Tyneside Limited Financlal Statements Year Ended 31st March 2025 Page Trustees, Annual Report (Incorporating the Director's Report) Independent Examiner's Report to the Trustees Statement of Financial Activities (including Income and Expenditure Account) Statement of Financial Position Notes to the Financial Statements 10
Compact For Race Equality in South Tyneside Limited Trustees, Annual Report (Incorporating the Directorfs Report) Year Ended 31 March 2025 The trustees, who ar6 also the directors for the purposes of company law, presenl their report and the unaudited financial statements of the charily for the year ended 31 March 2025. Aims and Objectives CREST (Compact for Race Equality in South Tyneside) is dedicated to advancing racial equality and enhancing the quality of life for individuals from diverse communities across South Tyneside and beyond. The organisation focuses on supporting those in need by facilitating access to education, training. and employment opportunities. Through these efforts, CREST aims to raise aspirations within the community and ensure that all voices are heard and represented. As a result of these objectives, CREST has implemented a range of projects that have not only delivered meaningful outcomes for participants but have also demonstrated strong value for money and significant social impact. The organisation remains committed to its mission of empowering individuals and fostering a more inclusive society. Achievements and Performance As Chair of the Board, I would like to extend my heartfelt gratitude and admiration for the outstanding dedication and hard work demonstrated by everyone involved during the April 2024 to March 2025 financial year. The management, including both the board and leadership team, together with all staff members, have continually worked to uphold the mission of the Compact for Race Equality in South Tyneside (CREST). Throughout this period, CREST has consistently delivered positive results, continuing a legacy of impactful achievements that began with its founding. These accomplishments have had a tangible effect, making a meaningful difference In the lives of many vulnerable Black, Asian, and Minority Ethnic (BAME) communities residing in South Tyneside. The collective efforts of the board, leadership, and staff have ensured that the organisation remains a source of support and empowerment for those most in need. Reflections on the Past Year Over the last year, CREST has experienced an exceptionally busy period marked by the initiation of several new projects and the involvement of new funders. Throughout these developments, our commitment to prioritising the needs, desires, and voices of our clients remained central to every aspect of our work. As our team expanded, the scope and volume of our activities also increased, allowing us to better serve our community. We are deeply grateful to the foundations and trusts thal have supported us during this time, providing both core funding and small grants that have enabled CREST to pursue and achieve its goals. Their generosity has been instrumental in sustaining our mission and ensuring that our services remain available to those who need them most. Despite the growing challenges posed by the rising cost of living which has had a considerable impact on our beneficiaries, ability to access services and has affected their mental health the CREST team has worked collaboratively and diligently. This teamwork has ensured the continuity of our services, reaffirming our commitment to supporting the community through difficult times.
Compact For Race Equality in South Tyneside Limited Our Funders South Tyneside CoLAncil - HAF Programme Barbours Foundation The Henry Smith Charity LGA Foundation Islamic Relief UK Northumbria PCC The Earl of Northampton's Charity TNL Community Fund - Reaching Communities TNL Community Fund - Awards for All Voice4Change England UK Netherlon Park Trust The Clothworkers Foundation South-Tyn8side - Integrated Care Board UK Shared Prosperity Fund Tyne & Wear Community Foundalion & Other Small trusts Some of my personal highlights from our charitable actlvilies within th8 year of 24125 included.. Charitable Activilies and Achievements in 2024125 Throughout the year, CREST remained steadfast in its commitment to delivering effective services through the 'What's On. programme. This initiative consistently provided between 15 and 25 activities each week, not including a range of additional events and drop-in sessions. These offerings wer8 specifically designed to enhance the overall quality of life for individuals accessing our services. CRESTS holistic and intersectional approach to support resulted in a significant increas8 in our social impact, particularly for members of the BAME community. Our services prioritized a whole-person approach, supporting individuals in progressing their lives and personal developm8nt.11 has been especially rewarding to observe many service users improving their language and communication abilities, galning new skills and training, and building confidence and self-esleem. Many have become happi8r, mor8 grounded individuals with a strong8r sense of belonging, thanks to the quality training and support provid8d. The organisation also made considerable progress In establishing effective partnerships and collaborative relationships with a variety of organisations. These included Churches Together South Tyneside, Tyne & Wear Museums, Northumbria Police, Ocean Road Mela Consortium, Whist, Macmillan, The Phoenix Way, Mortimer Community Colleg8, The Customs House, Regional Refuge Forum, Northeast Refug8 Service, Groundworks, South Tyneside Council, Marine Park Children Centre, Inspire South Tyneside, Menlal Health Concern, Newcastle Building Society, the NHS, and others. These professional relationships greatly contributed to enhancing the reach and impact of our work. While the period of organisational growth and development following our succession plan presented challenges, the dedication and fesilience of the team enabled CREST lo progress from strength to strength. This resulted in the delivery of unique activities such as the Mela Festival and youth work initiatives. Now, two decades on, the organisation continues lo make a meaningful impact in the communitl8S It serves, as reflecled in the distinctive recognition and apprecialion received from b8neficiaries and stakeholders alike. The success achi8v8d this year is a direct result of Ihe hard work and dedication of our team. Th8 extraordinary progress made would not have been possible without their energy, commitment, and consistency in advancing our charitable aims and objectives. I would like to take this opportunity to personally thank every team member for their invaluable contributions. During the year ending 31st March 2025 income totaled £441,73012024 - £262,782} and expenditure lotaled £361,68712024 £319,318) giving an overall surplus for the year of £80.043 (2024 deficit of £56,536).
Compact For Race Equality in South Tyneside Limited Reserves Policy CREST aims to hold res6rves equal to 3 months. worth of running costs. This is estimated to be approximately £65000. As at 31st March 2025 "free" reserves totaled £58,409. The organisation is a charitable company, incorporated on 31st January 2016 with company registralion number 09978156. 11 was registered with the Charity Commission on 281h October 2016 with charity number 1169937. The assets, liabilities and activities of tho unincorporated charity of the same name were transferred into the charitable company on 1st November 2016
Compact For Race Equality in South Tyneside Limited
Reference and Administrative Details
Registered charity name Compact For Race Equality in South Tyneside Limited Charity registration number 1169937 Company registration number 09978156 Principal office and registered 95 Fowler Street office South Shields Tyne & Wear NE33 1NU The Trustees Elizabeth Sunduzwayo (Chair) Bakil Alddin (Appointed 8 February 2023) Efeteker Ali-Sayadi (Appointed 8 February 2023) Noor Ahmed (Appointed 8 February 2023) Dr MN Mohammed (Appointed 3[rd] February 2025) Moynul Hussain (Appointed 3[rd] February 2025)
Staffing Shamiso Machaya Mahida Syeda Begum Hoda Darawasha Geua Atkinson Harmanjeet Kaur Mohsina Begum Shila Laskar Amanda Joy Aysha Bibi Hajer Al- Ruqaibi Anika Zaman Arifa Siddika Christopher Atkinson Dodi El-Atawneh Fasa Marina Mitra Layeghi Nasima Begum Shummi Shah Waqar-un Nisa
Volunteer Administrator Mussa Ntakirutimana Company Secretary Shamiso Dirahu Independent Examiner KP Simpson Ltd
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
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Compact For Race Equality in South Tyneside Limited
The trustees' annual report was approved on 17/12/2025 and signed on behalf of the board of trustees by:
Shamiso Dirahu Charity Secretary
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Compact For Race Equality in South Tyneside Limited STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2025 Vnmtrlrt•d R••trkt Total Total Fund• Funds 2025 2024 Note Donatlons and legacles Charitable activites 300 426,444 10,872 426.744 14,981 249.478 13.191 4.109 Other trading actlvitles io 113 Total Incom• 4,414 437,316 441,730 262,782 Charitable actlvitles 15,422 346,265 361.687 319,318 Operatlon of the Charlty Total •xpandltur• li 15,422 346,265 361,687 319.318 N•t Incom• l (•xp•ndRuT•) 4,414 91,051 80,043 56.536 Transfer between funds 44,483 44,483 N•t mov•m•nt of lund• 33.475 46,568 80,043 56,536 Toral funds brought forward 24,934 29,425 54,359 110.895 Tot•1 fund• carrl•d fon¥•rd 58,409 75,993 134,402 54,359 The statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities The notes on the following pages fomi an integral part of these accounts.
Compact For Race Equality in South Tyneside Limited STATEMENT OF FINANCIAL POSITION As at 31 March 2025 Tot•1 T¢>tal 2025 2024 Note .Tanglble èssets 18 36,786 36,786 1.144 Total fix•d ••Mts 1, 144 Debtors 19 45.131 57.329 1,782 104,Z42 9,000 54,884 Cash it bank and In hand 20 Prepayment ènd èccruals Total cuvmnt ••••t• 992 64.870 Cr•dltors: Jmounts lalllng due wlthln one year 21 6,626 11,661 N•t ¢urMnt •#Mt• 134,402 54,3S9 Tot*1 a•Mt• l••• ¢uvr•nt Ilabllltl•# $4,3S9 Tot•1 n•t a•Mt• or Il•bllltl•• 134,402 54.359 Unrestrlcted and deslgnated funds Restrlcted funds 58,409 75,993 29.425 24,934 Tot fund• 134.402 54,359 The notes on the below pages form an integral part of these accounts. These financial statements were approved by the Board on: 1?-01-201 and are signed on its behalf by: Elizabeth Sunduzwayo Chair
Compact For Race Equality in South Tyneside Limited Notes to the Financial Statements Year Ended 31 March 2025 1. General Information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 95 Fowler Street, South Shields, Tyne & Wear, NE33 1 NU. 2. Statement of Compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. 3. Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainly in the preparation of the financial statements are as follows: 4. Basis of Accounting 4.1 Basls of preparatlon The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charities: statement of recommended Practice applicable in the UK the Republic of Ireland (FRS 102) (effective October 2019) - Charities SORP (FRS 102), the financial r8POrting standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2022 Compact for Race Equality in South Tyneside Limited meets the definition of a public benefit entity under FRS 102 4.2 Preparatlon of the accounts on a going concem basis The charity reported unrestricted funds at the year end of £58,409 and has already secured a significant amount of funding for the current year. The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on the basis the charity is a going concern. 5. Income 5.1 Recognition of income Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received, and the monetary value can be measured with sufficient reliability. 10
Compact For Race Equality in South Tyneside Limited 5.2 Grants and Donations Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met. 5.3 Donated Goods and Services Donated goods are measured at fair value (the amount for which the asset could be exchanged} unless it is impractical to do so. Donated services and facilities are included in the SOFA when received at the value of the gift to the Charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SOFA. 5.4 Interest Recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. 5.5 Fund Accountlng Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for a particular area of the charity's work or for specific projects being undertaken by the charity. 6. Expendlture and Llabllltles 6.1 Llablllty Recognltlon Liabilities are recognised when it is more likely than not there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. 6.2 Charitable Actlvltles Expenditure on charitable activities includes the costs of community activities and events and other activities undertaken to further the purposes of the charity and their associated costs. 6.3 Governance and Support Costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistenl with the use of resources. 11
Compact For Race Equality in South Tyneside Limited 6.4 Irrecoverable VAT Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. 6.5 Creditors The charity has creditors which are measured at settlement amounts less any trade discounts. 6.6 Provislons and Liabilities A liability is measured on recognition at its historical cost and the subsequently measured at the best estimate of the amount required to settle the obligalion at the reporting date. 7. Assets 7.1 Tangible flxed assets for use by the charlty Individu81 fixed assets are capitalised at cost and are depreciated over their gStimat8d useful economic lives on a straight linklreducing balance basis as below: Office 6quipment Fixtures & fittings Motor vehicles Computer equipment 25./0 reducing balanc8 25./0 reducing balance 250/0 reducing balance 33 % straight line 12
Compact For Race Equality in South Tyneside Limited 8. Donations and Legacles An•ly•ls of Incom• UnMStrfrt•d R¢•trfcted Total Total Fund• 2025 2024 Mer¢ers Foundatlon 30,000 9,050 30,000 35,000 14,205 38,500 60,000 6,500 South Tynestde Councll - HAF Tudor Trust 9,050 Henry Smith Foundatlon LGA Foundètlon 60,000 60,000 Barbours Mela Fund 2.000 2.000 5,000 2,500 CF - Mela Fund ReachlThg Communifies Sports England The Clothworkers 59,934 6.880 29,000 79,S98 500 29,000 TNL Commyrtlty Fund Tyne and Wear Communlty Foun¢Jatlon UKSFP 79.598 500 157,009 2,443 24,344 157,009 2,443 24,344 Unlty Project V4CE UK Prospedty Wlllan Trust 8.500 Enllghtened MSnds Isiamlc Rellef 1,000 24,000 1,000 24,000 300 1,340 Charltable Glvlng Netherton Park TNst Project 300 7,500 7,500 300 426,444 426,7AI4 249, 178 9. Charltable Actlvllles Stall hire 592 910 1.502 4,491 Course Dellvery BANE MH Support Pmject Student Placement 1,517 1,517 9,OCMI 1,012 1,950 9000 9,000 50 962 Adrninistrationlmanagement Fee 1950 4.109 10,872 14,981 13
Compact For Race Equality in South Tyneside Limited 10. Investment Income Unrestricted Funds Restrlcted Funds 2025 2024 Investment Income 113 113 Income was £441,730 (2024.. £262,782) of which £4,414 was unrestricted or designated {2024: £4,604) and £437,316 was restricted {2024- £258,178) 11. Charltable Activities An*ly•l• of •xp•ndltur• on tharlt•bl• •rtl¥ltl•¥ Unmtrlcted R••trlct•d Total Tot•1 Fund• Fund• Z025 2024 Advertls4ng Rates 416 I,D82 2,749 5,741 570 1.498 2,749 5.741 Heat. Ilght Jnd power Cleonlng Rent li 581 23,894 37,121 1,916 1,210 3,613 2,751 409 23.894 37.668 2.197 9,540 28.372 Legal ond prolessional char9es Printlng, statlonery and postage Telephone Travel 547 281 io 1,220 3,613 2.751 409 10.266 Subscriptlons Repairs and renewals General Expenses Depreciation Insurance 1,241 1,241 3,312 3,943 24,248 5,199 2,717 3.312 992 2,951 23,556 236,651 81ti 7SO Projett expenditure Staff wages anrl expen50S' staff tralning Office costs 692 39,845 200,28B 203 7.721 244,372 810 22.13B Independent Exarnlner Fee 1,440 I,Ho 15,422 346,265 361.687 319,318 Expenditure on charitable activities was £361,687 (2024: £319,318) of which £15,422 was unrestricted or designaled12024.. £9,937) and £346,265 was restricted12024'. £309,381) -14
Compact For Race Equality in South Tyneside Limited 12. Fees for examinatlon of the accounts 2025 2024 Independent examlner's fees 1,440 700 13. Analysis of staff costs and the Cost of key management personnel Salaries and wages Employer contributions to penslon plans Social Securlty Costs 219,417 14,689 10,266 188,664 4,568 7,056 14. Staff numbers The average monthly head count was 13 staff (2024: 10 staff) and the average number of full- time employees equivalent during the year was as follows". The parts of the charlty In whlch the employee5'5 work Number of management staff Number of project staff 2025 2024 li 13 io No employees received employee benefits of more than £60,000 during the year (2024.. Nil) 15. Transactlons with Trustees None of the trustees have been paid any remuneration or received any other benefits from employment with the charity or related entity, 16. Deflned Contrlbutlon Penslon Scheme The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund There is currently no employee employed by the organisation that is currently in the pension scheme. 17. Corporatlon Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or S252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. 15
Compact For Race Equality in South Tyneside Limited 18. Tangible Fixed Assets Motor Offlce Computer Equlpment Equlpment Flxtures and Total Vehlcl¢$ Plttlng$ Cost Balance brought forward Additlons 20,370 230 12,885 7,063 40,318 38,954 28,953 9,771 Disposals 8al4nce carrled forward 28.953 20,600 22,656 7.063 79,272 Depreclatlon Balance brou9ht forward Charge for year Disposals Balance carrled forward 19,838 12,885 1,158 6,451 39,174 1,810 191 153 3,312 1,810 20,029 14,043 6,604 42,486 Net book valu• Brought forward 532 612 1,144 C•rrled forward 27,143 571 8,613 459 36,786 19. Debtors and Prepayments 2025 2024 Debtors 45,131 9,000 Prepayments 1,782 46,913 992 9,992 20. Cash at bank and in hand 2025 2024 Cash at bank 57,074 54,884 Cash In hand 25S 57.329 54,884 16
Compact For Race Equality in South Tyneside Limited 21. Creditors and Accruals 2025 2024 Trade credltors 799 Accrua15 1,440 10,862 PAYE payable Penslons payable 145 5,041 6,626 11,661 22. Events after the end of reportlng period No events {requiring adjustment to the accounts) have occurred after the end of the year reporting period. 23. Analysls of charltable funds An•ly•l• ol mov•m•nts In unr•#trlct•d fund• Unrn•trfcted fund• Fund Incomlng ReMurc•# R••ourcq• Fund flw•rd •xp•nd•d Tr•nsf•r• C Ilward General fund 24,934 1,144 4,414 15,422 44,483 58,409 1,144 Capltal fund 26,078 4,414 15,422 44,483 59.553 17
Compact For Race Equality in South Tyneside Limited 24. Analysis of charitable funds Analys1* ol movements In rnstrlcted fund• Re•trlcted funds Fund Incomlng Resources ReUrC Fund f/w•rd expended Transfor• C flward Mercers Foundatlon 5,502 30,000 9,050 60,000 2,000 37.368 10.166 60,000 2,747 1,866 1,115 South Tyneslde Councll - H Henry Smlth Foundatlon 8arbours Mela Fund 1,006 259 The Clothworkers 29,000 79,598 500 29,000 TNL Communlty Fund Tyne and Wear Communlty Foundatlon UKSFP 4,250 11.551 67,485 23,664 500 158,881 139, 148 15,483 Ukralne Women Support Unlty Project V4CE 254 254 2,443 24,344 I,ooo 24,000 7,500 9,000 2,443 24,202 340 142 Enllghtened Mlnds lslamlc Rellel Netherton Park Trust Projert BAME MH Support Project 660 8,202 148 15,798 7,352 661 3,687 4,350 12,026 3,467 883 Sports England Greg9s Fund CF Mela fund .4,706 579 215 215 1.340 484 1,340 484 S Tynede Council GIC 29,425 437,316 346,265 44,483 75,993 25. Capital Commltments As of 31 March 2025, the charity had no capital commitments. 26. Guarantee There have been no guarantees given by the charity at 31 March 2025. 27. Debt There is no debt outstanding which is owed by the charity, and which is secured by an excess charge on any of the assets of the charity at 31 March 2025. 18
Compact For Race Equality in South Tyneside Limited 28. Governing document The organisation is a Charitable Incorporated Organisation Foundation registered on 31 January 2016 as a body corporate under part 11 of the Charities Act 2011. 19