THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Charity No. 1179855

THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
FOR THE PERIOD ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Annual Report
Independent Examiners Report
Statement of Financial Activities
Balan￿ Sheet
Notes to the Accounts
10-12

THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
FOR THE PERIOD ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT
The trustees present their annual report and audited financTral Statements for the period ended
31 December 2024. Tho financial statements comply with current statutory requirements, the
charity'$ trust deed and the Statement of Recommended Practice - Accounting and Reporting by
Charities SORP (FRS102} and have been prepaTrd in ac¢ordantx with the accounting policies
set out in note I to the accounts.
Trustees
The trustees in the period were..
Clifford Card
Gian Ma￿aha
Bal Saini (Chair)
Th8r6 is a minimum of three and a maximum of five trustees.
Principal oiTice
6 Upper Vauxhall
The Vauxhalls
Wolverhampton
WV14SY
Advlsers
Inv8Stment Managers
Quilter Cheviot
Senator House
85 Queen Ifictoria St
London
EC4V 4AB
Audltors
Kingston Burrowes
450a London Road
Chearn
SM3 8LB
Bankers
Ltyds Bank (Chesham Bran¢h)
PO Box 1000
Andover
BX1 ILT
UK
Solicitors
DK Legal
55 Wesffleld Road
Surbiton
Surrey
KT8 4EJ

THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
FOR THE PERIOD ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT- continued
Report of the Trustees for the Perlod Ended 31 Docember 2024
The challenges of loneliness, isolation, and food insécurity COTltinue to weigh heavily on
communrties across the UK, parb'cularly among older people. While the 8¢Uta impart of the
COVID-19 pandemic has eased, its lasting effects on mental health and social wellbeing remain
evident. Many older individuals have yet to regain the confidence to return to their pre-pandemic
routines, and the cost-of-living crisis has only intensified these diffiGulties. Rising food and
energy costs disproportionately affect vulnerable groups, further increasing the risk of poverty,
isolation, and ill heallh.
Throughout 2024, our small charity has remained committed to supporting grassroots
mmunity groups in the West Midlands, with a strong focus on reducing loneliness and social
Ésolation among older people. We have conlinued to back initiatives that foster companionship
and mutual support, particularly through community mea15. Eating together has proven to be
one of the simplest yet most effe¢tive ways of building connections, reducing stigma. and
creating welcoming spaces where people of all backgrounds feel valued and included. These
shared m8als have also been crucial in promots-ng understanding between different groups.
challenging 8t6reotypes. and helping older people to regain a sense of belonging.
In addition to communal meals. we have supported a range of social and wellbeing activities,
including befriending se￿ices, telephone companionship, tea parties, (*ffee mornings, and
group outings. These activities have given older people opportuniiies to reconnect, enjoy
meaningful conversations, and participate in their communities. Vve remain mindful that many
older petsple continue to feel uncertain about the future, particularly with the ongoing pressure5
of high living costs. As such, our support is not just about providing social activities but about
helping older people rebuild their confidence, restore their independence, and rediscover joy in
everyday life.
A key part of our work in 2024 has been the continuation of our grant-making programrne. While
we were able to support several organisalions dellvering vital community services, the level of
funding we provided-£500 per grant-was not sufficient to meet the growing needs of local
groups. Many organisation5 that share our mission to reduce isolation and food poverty require
greater resources lo deliver meaningful imp8Ct. This has highlighted the importance of
strengthening our grant programme so that more groups can benefit from sustained and
effective Support.
Looking ahead, we are Committed to enhancing this aspect of our work. From 2025. we will be
increasing our grant awards to between £750 and £1,000 per organisation. We also intend to
prioritise grants for initiatives that provide support during the winter months, when the cost of
living typically rises and the cost of fuel pla￿$ additional burdens on older people. By targeting
support during Ihese difficult periods, we hope to help reduce hardship and ensure that older
people remain connected, supported, and warm durtng the ￿ldest months of th8 year.
Our long-term vision is to establish a dedicated venue that will act a$ a hub for older people to
meet, 8at, and enjoy activities together. Such a space would provide continuity and a sense of
stabilty, enabling us and our partners to expand the range of activities on offer and ensure that
older people are n6ver left to face loneliness in silence.
The Trustees ￿Main committed to championing the dignity, health, and wellbelng of older people. While
challenges remain, we are optimistic about the future and detemlned to continue building partnerships.
supporting gra55roots groups, and offering direct help to those most in need.

THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
FOR THE PERIOD ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT- contlnued
Qbjectiv8s and activitios for th8 public benefit
Th8 objects ot the charity are, for the b8n8fit of the public, to relieve the needs of older people
who are struggling with isolation and loneliness and to promote racial harmony between them, in
particular, but not excluswely, by..
{1) coordinating visits to places of worship and providing othèr opportunities for
individuals tc learn about different faiths while developing friendships and building a
sense of community.,
(2> supporting, C￿OrdInatIng and giving information to minority ethni¢ group8 and
charitable organisations, including the production of a newsletter., and
13) making grants to other organisations lin particular, faith organisations) which tackle
loneliness arnong older pgople by organising social and feisure aclivitie8 for them in
each case, in Bimiingham and Ihe Surrounding areas.
The trustees confirm that they have refe￿ed to the guidan￿ contained in the Ghartty
Commissions, general guidance on puNic benefit when reviewing the Trust's aims and
objectives and in planning fulure actÉvit¢es.
Organlsatlonal structure
The trustees meet two times a year in May and November and give detailed conslderation to
monitoring the progress of the Charity in achieving rts performance and quality otyectiv&s. This
inclLths reporting on returns from investments as well as the identification and management of
risk. All trustees give of their time freely and no remuneration was paid in the year.
Induction and trainlng
All trustees receive induction upon appointment to their respective roles. Trustees re￿1ve a
copy of a range of doGuments including the Annual Report and Accounts and the charitable
de8d. Training is provided on a variety of topics relevznl to the work conducted by the FOFFOR
Trust.
Inv￿tM0nt powers and policy
The charty Is looking to m8ximise the return in terms of both income and ¢aptial. Th8 twstees
have unrestrieted powers of investment. As pemiitted by the charity's constitution, the trustees
have given the investment managers discretion to manage the portfolio within an agreed risk
profile.
The charity operates an ethiGal investment policy whereby il does not invest in companies which
derive a signsficant proportion of their tumover from any of the following activities..
Gambling
The production or sale of alcohal, tobacco or amiaments
The publication and distribution of pomography
The investmenl managers, Quilter Cheviot are monitored by the tNstees by reference to a
numb&r of ir7dices and benchmarks including the perf0rrnan￿ achieved by other similar funds.

THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
FOR THE PERIOD ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT- continued
Acttvity and flnancial review
Gr055 income for the year was £11,482. After net expenditure of £1,917 for costs of raising
funds and charitable adivities of £1,683 net incoming re$our¢es for the year amounted to
£7,882 (2023.. £7,988).
INhen investment losses of £(2,243) are taken into account, the fund increased In value by
£5,839 leaving funds as al 31 December 2024 of £439,21312Q23 '. £433,574).
Reserves policy
The Trustees have agreed a reserve policy to hold be￿een 3 and 6 months of running Costs,
(running ¢osts in 2024 were estimated at £12,000) to ensure sufficient cashflow for day-to-
day activitl85, meet opportunities that arise over time, and miligats any unforeseen events that
could come up over the nexi 12 months.
Plans for future periods
The trustees wlsh to increase..
More Gollaboration and building partne￿hIP with charities 8nd organisations wothing in
Birmingham and surrounding areas to prevent loneliness and isolation amongst older
people.
Organise day tri￿. walks and Shared lunches to bring generation8 together in
friendship and shared experiences.
Walking tours of pla￿$ of worships.
To introduce a small grant scheme to award grants to charilies or organi8atlon8 10
prevent loneliness and isolation amongst older people in Birmingham and surrounding
areas.
The trustees are responsible for reviewing major strategi¢, ft'nanGial and operational risks to
which the ¢harily is 8xposed. The principal risks faced by the charity lie in Ihe perf0rnan￿ of
investments. We minimise investment risk through the maintenance of a diverse stock market
portfolio.
The trustees consider variability of inveslmenl returns on the expendable endowment lo
constitute the charity's major financial risk. This mitigated by retaining expert investment
advisors and havlt)g a diversified investment portfolio.
Trustee$, rn8ponsibilitie$ statement
The trustees are responsible for preparing the trustees, Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practi￿1.
The law appllcable to ¢hariti6s in England & Wates requires the trustees to preparè financial
statements for each financial year which give a true and fair view of the slate of affairs of the
charity and of the incoming resouroes and application of reSour￿S of the charity for tha period.
In preparing these financial statements, the Irustees are requlrecf lo.
select suitable ac¢ounling policies and then apply them corEistently-
observe the methods and principles in the Charities SORP (FRS1021:

THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
FOR THE PERIOD ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT . continued
make judgements and estimates that are reasonable and prudent;
state whether applicable 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 ￿appropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasonable
accuraGy at any time the financial position of the charity and enable them to ensure that the
financial ststements comply with ttrte Charities Act 2011, the Charity (Accounts and Reports)
Regulations 2008 and the provisions of the Injst deed. They are also responsible for
safeguarding the assets of the Gharity and hence for taking reasonable steps for the prevention
and detection of fraud and other irr￿U[an￿e8.
Indep¢ndent Examlnerg
A resolution to appoint Kingston Burrowes as independent examinèrs of the charity will be put to
the Annual General Meeting.
The annual report was approved by the trustees on 2025 and is signed on their
behalf by..
821 Saini
Chair
The Fellowship Of Faiths For One Ra￿ Trust
6 Upper Vauxhall
The Vauxhalls
Wolvethampton
14SY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
I report to the charity trustees on my exomination of the aCCo￿tS of the charity for the perit)d
ended 31 December 2024 which are set out on pages 8 to 12.
Responslbllltles and basis of report
As the charity's tru8tees you are responsible for the preparation of the a¢¢ounts in accordance
ith the requirements of the Charities Act 2011 ('the Aot,).
I report in respeGt of my examination of the charity's accounts carried Olrt under section 145 of
the Act and in carrying out my examination I have followed all the applicable Dits¢tions given by
the Charity Commission under section 14515){b) of the Act.
Indèpéndent examlnefs ststement
sin￿ the charty's gross income exoeeded £250,000 your examiner must be a member of a
body listed in section 145 of the Act. I confirn that l am qualified to undertake the examination
because l am a member of the Institute of Chartered Accountants in England and Wales, which
is one of the listed bodies.
I have comp]eted my examination. I confim that no male¥i81 matters have come to my attention
in connection with the examinalion giving me ￿U$9 to believe that in any material respect..
accountlng records were not kept in respect of the charity as required by section 130 of the
Act,. or
2. the accounts do not accord wrth those records., or
3. the accounts do not comply with the applicable requirements Con￿rning the form and
content of acGounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent exgmination}.
I have no Concerns and have come across no other matters in connectlon wlth the examination
to which attention 8hould be drawn in this report in order to enable 8 proper understanding of the
a¢count8 tc be reached.
K.C. Fisher FCA
Kingston Burrowes Audlt Ltd
308 Ewell Road
Surbiton
Surrey
KT6 7AL
Date:
2S &tot*2025

FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
IReglst•red Charity No. 11Y98SS)
FOR THE PERIOD ENDED 31 DECENIBER 2024
UnrestTi¢ted
Funds
Unrestrlcted
Funds
2023
Nots8
InGonie from:
Donations
InvesthEnts
11,482
13,145
Total
11.482
13,145
expondlturn on..
Raislng funds- investr￿nt management fees
Charitabte activities
1,917
1,683
2.817
2,340
3,600
5,157
Net in¢ome bèfore gains on inve8tm*nts
7,882
7,988
Gain l (Lossl on investment assets
12,2431
21.472
Net Income
5,639
29.460
Roconciliati¢)n of funfls
Total funds brought forward
433,574
404,114
Total fund8 cathed I0￿4¥d
£439,213
£433,574
The Stalement of Financial Activities includes all gains and losses recogni5ed in the year.
A]1 income and expendlture derives from continuing a¢bwbe¥.
The notes form part ofthese Financral Ststements

FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
IReg15tered Charty No. 11798551
BALANCE SHEET
AS AT 31 DECEMBER 2024
Notes
2024
2023
FIX￿ As8Ots
Snvestments
353.421
355,251
Current Assets
Cash at bartk and in hand
87,808
81,251
Gredltorn
Amounts falling duè WFthln one year
2,016
2,928
Not Current Assets
85.792
78,323
Net A98ets
£439,213
£433,574
Funds
Unrestricted
£439,213
£433.574
Appioved on behalf of the Trustees on
16Lts
2025 and signed on its behalf by
Bal Saini
Chair
4 The rKJtes form part of these FiTrancld Slalèments

FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
(Registered Charity No. 117S855J
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
a) Basis ol propar*ion
The charity constitute8 a public bet)efit entity a5 defined by FRS 102. The financial stalemonts have
been prepared in accordance wllh Accounting 2nd Repo￿ng by Charities.. Statement of
Recommended Practice applicable to charities prepaFing th8ir accounts in accordance with the
Financial Reportlng Standard applicable in the UK and Republic of Ireland issued in October 2019. the
Financial Reporting Stand2rd appllcable in the United Kingdom and Republic ol Ireland {FRS 1021. the
Charities Act 2011, the Companies M 2006 and UK Generalty Accepted Accounting Pra¢tic6.
The financial statem8nts are prepared on a going concem b88ig und8T the hrstor￿?l cost convention
wilm items recognised at co¥1 or *ransaGtign value unless othe￿iSe stated in the r91evant nolelsl to
these a￿oUnts.
The significant accounting policios applled in the preparation of these fin8ncial slalements are sei out
Lwl¢)w. policies have been ¢onsi$tently applied to all years pregented unle3$ OtheNtse $1gted.
bl Income recognition
All in¢omin9 resources are included in the Statement of Finaft¢lal Activitles when the Gharily is leyally
gntitled to the income after any performance conditions havo been mel, the amount can b& measured
reliably and It is probable that Ihe In￿Me w411 be reG$ived.
Investment income is earned through holdlngs of lislad investr*Ènts and includes dividends and
Interest. Income from listed investments is reoognised as the charity's right lo re￿Ne payment 1$
established. Bank interest is ￿o09n18ed on a receivable basis.
Donations are re¢ognised when the charty has been notsfied of the amounts and the 8etlbm@nt date
in writing 8nd il is probable that the donor will fvlfil their st81ed obligations. If these condliions are not
met the donation is recognised when re￿ived.
¢) Expenditure recognltlon
Expenditure is recognlsed On￿ trere is a legal or Constructive obligation lo ￿rake payment to a third
paty, it is probable that settlernent will be requirèd and the amount can be me8sured reJiBbly.
Expenditure is classified under the following actwity headings..
Costs of raising fvnds comprise investment management fees
Expendllure on tharitable activities includes the cost incurred in the furtherance of the charity's
objects
Ex￿nditur• includes Ihose ￿ which relate directly to each activity and also indirect costs. including
govemance costs that are ne¢È8sary to support those acttvkles.
d) Fund aGcounting
Unrestricted general funds are those fijnds which are freely available for use in fvrtherance of the
objocts of the charity and wh%ch have not been deyign8ted tor a particular PLsipose
e} Flnan¢ial instrumgnts
Debtors and creditors with no stated intere$l rate and receivable or payable within one year are
recorded al transaction prte8. Any 108se8 arising from Impatrment are recognised in the Statement of
Financial Aclivilies.
fj Investingnts
Investments are reeognised initialFy at fair value whlch 19 normalty the traTYsactlon pric9 excludiny
Irar15a¢tion costs. Subsequently, they are measured at fair value (quoted market value on a
recognised stock exchattgel with changes reeognised ID the Ststemenl of Financial Activilies if the
investments are publiGly traded or their fair value can otheNise te measured reliably.
10

FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
(Registered Charity No. 117g8551
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Icontd...
2. DONATIONS
Unr•gtrloted
Funds
2024
Unrn8trl¢ted
Funds
2023
Donations
£Nil
£Nil
3. INVESTMENT INCOME
Unre8trlct8d
Funds
2024
Unrestrlcted
Funds
2023
Bank interest and dividends
Management fees deducted from Unit Trust
9,56S
1,917
10,328
2,817
£11,482
£13,145
CHARITABLE ACTIVITIES
Unrnstrictod
2D24
Unre8trkt•d
2023
Donations & grants paid
Office expenses
Governance (Nolt 5)
500
175
1,008
1,250
1,090
£1,683
£2,340
Anelysis of grants paid-
Unrestrl¢ted
2024
Unrostrictgd
2023
Grants to institutions
Grants to individuals
Other donations
500
1,250
£500
£1.250
The Trustees have taken advantage of the concessv)n in the SORP to adapt a natural analysis of
resources expended on thafilable aclivitses.
11

FELLOWSHIP OF FAITHS FOR ONE RACE TRUST
{Regi*ered Charity No. 1179855)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Icontd..
S. GOVERNANCE
2024
2023
Legal feès
Independent exanlnation
1,008
1.090
£1,008
£1,090
6. FIXED ASSET INVESTWIENTS
The typos of inYeslff*nt held at 31 December 2023 and 31 December 2024 and the matket values
were:
2024
2023
Unil Trusts
£353,421
355,251
Historical cost
£288,504
£288,091
The movement in the market value durng the year was..
2024
Unlt Trust
Brought forward at 1 Jaftuary 2024
Disposals 8t valuation
Acquisitions at cost
Unrftalised Ilossl
355,251
413
12.243)
mark￿ value at 31 December 2024
£353,421
Comparative information for the movement in the market value in the p￿VIouS accounting year is as
follows
2023
Unit Trust
Investment Loan
Total
Brought forward at 1 January 2023
Disposals at valuation
Acquisitions at cost
Llnrealised gain
371,315
{32,747}
371,315
(32,747)
18,683
16.683
Marketvalue at 31 December2023
£355,251
£355,251
7. CREDrroRS: amounts falllng duo wlthln on6 year
2024
2023
Accruas
£2,016
£2,928
12