2021-03-31-accounts - Multicultural Richmond

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REGISTERED COMPANY NUMBER: CEO17098 (England and Wales)
REGISTERED CHARITY NUMBER: 1182858

Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Multicultural Richmond

Nasir Mahmud FCA
Chartered Accountant
Falcon House
257 Burlington Road
New Malden
Surrey
KT3 4NE

Multicultural Richmond

`Contents of the Financial Statements for the Year Ended 31 March 2021`

	`Page`
`Report of the Trustees`	`1 to 4`
`Independent Examiner's Report`	`5`
`Statement of Financial Activities`	`6`
`Balance Sheet`	`7`
`Notes to the Financial Statements`	`8 to 11`
`Detailed Statement of Financial Activities`	`12`

Multicultural Richmond

Report of the Trustees

for the Year Ended 31 March 2021

The Trustees who are also directors of the Charity for the purposes of the Companies
Act 2006, present their report with the financial statements of the charity for the
year ended 31 March 2021. The Trustees have adopted the provisions of 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 2019).

`OBJECTIVES AND ACTIVITIES`

The promotion of equality and diversity for the public benefit by:

(a)      Working towards the elimination of racial discrimination;

(b) Promoting equality of opportunity and good relations between persons of different racial groups;

especially in the London Borough of Richmond upon Thames and the surrounding area.

In order to achieve these aims Multicultural Richmond (MCR) organises the following
main areas of work in furtherance of its public benefit duties:

Community Cohesion events

Support Group services, case work and English for Speakers of Other Languages (ESOL)
classes

Hate Crime services and awareness sessions

The Trustees consider that the activities undertaken, offered at no or minimal cost,
provide benefit to the public and confirm that in exercising their powers and duties,
they have complied with their duty to have due regard to the guidance on public benefit
published by the Charity Commission and have complied with their duties under Section
17 of the Charities Act 2011.

`ACHIEVEMENTS AND PERFORMANCE`

The Trustees consider that the Charity is being managed effectively given the level
of grant income and the overall economic climate. The Charity successfully maintained
many projects before the March 2020 pandemic lockdown came into effect.

The Trustees are actively monitoring the current financial situation and are using
all their endeavours to obtain additional funding for the future.

The Trustees very much appreciate the cooperation and dedication of the staff in the
period’s achievements which have included a Virtual Domestic Abuse and Hate Crime
Event and an online catch up tuition service for school children. During the pandemic
staff have continued to support our wellbeing group for elders, an Environmental
project, ESOL and yoga classes virtually. Additionally, they have attended virtual
statutory Council, Safer Neighbourhood Board and Hate Crime forum meetings. Any
casework has been done over the phone.

`FINANCIAL REVIEW`

During the period MCR reported an overall surplus of £6,013. Total income received
was £68,297 and total expenditure £62,284.

Page 1

Report of the Trustees
for the Year Ended 31 March 2021 (contd.)

The financial statements have been prepared in accordance with the accounting
policies set out in note 1 to the accounts and comply with the Charity’s constitution
and the Charities Act 2011 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
published 16 July 2014.

`Reserves Policy`

The Trustees have prepared a reserves policy of achieving a minimum of 6 months cover
at the year-end which is reflected in the position at that time.  This covers the
needs for working capital to ensure continuity together with funding for specific
projects. More details of the use of our reserves can be found in Accounting Note
1)

`Investment Policy`

All short term operating funds are placed in a Barclays Bank current account and longer
term funds in a Barclays Bank Business Premium account and a CAF deposit account.

`Risk Management`

The committee members have examined the major risks which the Charity faces and seek
to control these to mitigate any impact that they may have on the Charity.

`Covid-19 Impact on Service and future work`

Since 23rd March 2020 we have switched to online/telephone support and have
successfully migrated information sessions and other activities to Zoom for our
service users. As the pandemic ends, we will revert to a face to face service within
the bounds of Government guidelines and safety protocols

Our future work will continue to focus on reducing inequalities, which have become
more evident during the Covid-19 pandemic and have had a disproportionate effect on
BAME communities.

Additionally, we are keeping a close watch on our finances and are actively applying
for funding for both online and offline activities.

`Induction and Training of Trustees`

All Trustees meet with the Director and Staff and go on relevant training courses
appropriate to their role.

`Organisation and Decision-making Structure of MCR.`

The Trustees have regular meetings of their Executive Committee, usually at
six-weekly intervals. There are also sub-committees dealing with finance and
strategic planning as appropriate.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The Charity is a Charitable Incorporated Organisation (CIO) and is controlled by its
constitution.

The number of Trustees must not be less than three, but no more than 12.

Page 2

Report of the Trustees
for the Year Ended 31 March 2021 (contd.)

`Reference and Administration`

The following Trustees were in post during the period:

John Azah
Jo Barrett
Anjali Bedi (Vice Chair)
Peter Burrows-Smith
Hari Gupta
Dee Haji
Geoff Pope
Duska Rosenberg
Paul Smith
Shelia Smith
Alan Warren (Chair)

`Registered Company number`

CEO17098 (England and Wales)

Registered Charity number
1182858

`Registered office`

111a Kneller Road
Whitton
Middlesex
TW2 7DT

`Independent Examiner`

Nasir Mahmud FCA
Chartered Accountant
Falcon House
257 Burlington Road
New Malden
Surrey
KT3 4NE

In so far as the Trustees are aware:

- there is no relevant audit information of which the Charity's Independent Examiner
is unaware; and

- the Trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant audit information and to establish that the Independent Examiner
is aware of that information.

`Statement of Trustees' Responsibilities`

The Trustees are responsible for preparing the report and accounts in accordance with
applicable law

and regulations. Charity law requires the Trustees to prepare accounts for each
financial Period. Under that law the Trustees have elected to prepare the accounts
in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable law). Under charity law the Trustees must
not approve the accounts unless they are satisfied that they give a true and fair
view of the state of affairs of the Charity and of the surplus or deficit of the Charity
for that period. In preparing these accounts, the Trustees are required to:

select suitable accounting policies and then apply them consistently;

Page 3

Report of the Trustees

`for the Year Ended 31 March 2021 (contd.)`

make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business

The Trustees are responsible for keeping adequate accounting records that are
sufficient to show and explain the Charity's transactions and disclose with
reasonable accuracy at any time the financial position of the Charity and enable them
to ensure that the accounts comply with the Charity SORP 2015. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.

On behalf of the Trustees

Trustee Trustee
Alan Warren Peter Burrows-Smith

Date: 2nd December 2021

Page 4

Independent Examiner's Report to the Trustees of
Multicultural Richmond

`Independent examiner's report to the trustees of Multicultural Richmond ('the Company')`

I report to the charity trustees on my examination of the accounts of the Company
for the year ended 31 March 2021.

`Responsibilities and basis of report`

As the charity's trustees of the Company (and also its directors for the purposes
of company law) you are responsible for the preparation of the accounts in accordance
with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report
in respect of my examination of your charity's accounts as carried out under section
145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have
followed the Directions given by the Charity Commission under section 145(5) (b) of
the 2011 Act.

`Independent examiner's statement`

I have completed my examination. I confirm that no matters have come to my attention
in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act, or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination, or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.

Nasir Mahmud FCA
Chartered Accountant
Falcon House
257 Burlington Road
New Malden
Surrey
KT3 4NE

Date: .............................................

Page 5

Multicultural Richmond

Statement of Financial Activities
for the Year Ended 31 March 2021

					`Period`
					`1.7.19`
			`Year Ended`		`to`
				`31.3.21`	`31.3.20`
	`Unrestricted`		`Restricted`	`Total`	`Total`
		`funds`	`fund`	`funds`	`funds`
	`Notes`	`£`	`£`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`		`46,100`	`21,937`	`68,037`	`52,164`
`Investment income`	`2`	`260`	`-`	`260`	`252`
`Total`		`46,360`	`21,937`	`68,297`	`52,416`
`EXPENDITURE ON`
`Raising funds`		`7,424`	`-`	`7,424`	`5,697`
`Charitable activities`
`Charitable activity`		`1,709`	`46,261`	`47,970`	`43,317`
`Support costs`		`3,557`	`3,333`	`6,890`	`6,477`
`Total`		`12,690`	`49,594`	`62,284`	`55,491`
`NET INCOME/(EXPENDITURE)`		`33,670`	`(27,657)`	`6,013`	`(3,075)`
`Transfer between Funds`	`(27,657)`		`27,657`	`-`	`-`
`NET MOVEMENT`		`6,013`	`-`	`6,013`	`(3,075)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`61,997`	`-`	`61,997`	`65,072`
`TOTAL FUNDS CARRIED FORWARD`		`68,010`	`-`	`68,010`	`61,997`

The notes form part of these financial statements

Page 6

Multicultural Richmond

`Balance Sheet`

31 March 2021

		`31.3.21`	`31.3.20`
		`Total`	`Total`
		`funds`	`funds`
	`Notes`	`£`	`£`
`CURRENT ASSETS`
`Debtors`	`5`	`2,936`	`1,561`
`Cash at bank and in hand`		`101,809`	`71,227`
		`104,745`	`72,788`
`CREDITORS`
`Amounts falling due within one year`	`6`	`(36,735)`	`(10,791)`
`NET CURRENT ASSETS/(LIABILITIES)`		`68,010`	`61,997`
`TOTAL ASSETS LESS CURRENT LIABILITIES`		`68,010`	`61,997`
`NET ASSETS`		`68,010`	`61,997`
`FUNDS`	`7`
`Unrestricted funds`		`95,667`	`61,997`
`Restricted funds`		`(27,657)`	`-`
`TOTAL FUNDS`		`68,010`	`61,997`

The charitable company is entitled to exemption from audit under Section 477 of the
Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial
statements for the year ended 31 March 2021 in accordance with Section 476 of the
Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions
applicable to charitable companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees and authorised for
issue on ............................................. and were signed on its behalf
by:

.............................................
Trustee

The notes form part of these financial statements

Page 7

Multicultural Richmond

Notes to the Financial Statements
for the Year Ended 31 March 2021

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

The financial statements of the charitable company, which is a public benefit
entity under FRS 102, have been prepared in accordance with the Charities SORP
(FRS 102) '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 2019)', Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the
historical cost convention.

`Income`

All income is recognised in the Statement of Financial Activities once the
charity has entitlement to the funds, it is probable that the income will be
received and the amount can be measured reliably.

`Expenditure`

Liabilities are recognised as expenditure as soon as there is a legal or
constructive obligation committing the charity to that expenditure, it is
probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that
aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a
basis consistent with the use of resources.

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at
the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the
objects of the charity.  Restrictions arise when specified by the donor or when
funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the
notes to the financial statements.

`2. INVESTMENT INCOME`

`INVESTMENT INCOME`
		`Period`
		`1.7.19`
	`Year Ended`	`to`
	`31.3.21`	`31.3.20`
	`£`	`£`
`Deposit account interest`	`260`	`252`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees' remuneration or other benefits for the year ended
31 March 2021 nor for the period ended 31 March 2020.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 March 2021 nor for
the period ended 31 March 2020.

Page 8

Multicultural Richmond

`Notes to the Financial Statements`

`for the Year Ended 31 March 2021`

`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

		`Unrestricted`	`Restricted`	`Total`
		`funds`	`fund`	`funds`
		`£`	`£`	`£`
	`INCOME AND ENDOWMENTS FROM`
	`Donations and legacies`	`32,809`	`19,355`	`52,164`
	`Investment income`	`252`	`-`	`252`
	`Total`	`33,061`	`19,355`	`52,416`
	`EXPENDITURE ON`
	`Raising funds`	`5,697`	`-`	`5,697`
	`Charitable activities`
	`Charitable activity`	`2,073`	`41,244`	`43,317`
	`Support costs`	`3,920`	`2,557`	`6,477`
	`Total`	`11,690`	`43,801`	`55,491`
	`NET INCOME/(EXPENDITURE)`	`21,371`	`(24,446)`	`(3,075)`
	`Transfers between funds`	`(24,446)`	`24,446`	`-`
	`Net movement in funds`	`(3,075)`	`-`	`(3,075)`
	`RECONCILIATION OF FUNDS`
	`Total funds brought forward`	`65,072`	`-`	`65,072`
	`TOTAL FUNDS CARRIED FORWARD`	`61,997`	`-`	`61,997`
`5.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`31.3.21`	`31.3.20`
			`£`	`£`
	`Prepayments and accrued income`		`2,936`	`1,561`
			`2,936`	`1,561`

Page 9

Multicultural Richmond

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

`6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

			`31.3.21`	`31.3.20`
			`£`	`£`
`Accruals and deferred income`			`33,508`	`8,400`
`Accrued expenses`			`3,227`	`2,391`
			`36,735`	`10,791`
`MOVEMENT IN FUNDS`
			`Net`
			`movement`	`At`
		`At 1.4.20`	`in funds`	`31.3.21`
		`£`	`£`	`£`
`Unrestricted funds`
`General fund`		`12,624`	`33,670`	`46,294`
`Designated`		`49,373`	`-`	`49,373`
		`61,997`	`33,670`	`95,667`
`Restricted funds`
`Restricted`		`-`	`(27,657)`	`(27,657)`
`TOTAL FUNDS`		`61,997`	`6,013`	`68,010`
`Net movement in funds, included in`	`the above`	`are as follows:`
		`Incoming`	`Resources`	`Movement`
		`resources`	`expended`	`in funds`
		`£`	`£`	`£`
`Unrestricted funds`
`General fund`		`46,360`	`(12,690)`	`33,670`
`Restricted funds`
`Restricted`		`21,937`	`(49,594)`	`(27,657)`
`TOTAL FUNDS`		`68,297`	`(62,284)`	`6,013`
`Comparatives for movement in funds`
		`Net`	`Transfers`
	`At`	`movement`	`between`	`At`
	`1.7.19`	`in funds`	`funds`	`31.3.20`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`15,699`	`21,371`	`(24,446)`	`12,624`
`Designated`	`49,373`	`-`	`-`	`49,373`
	`65,072`	`21,371`	`(24,446)`	`61,997`
`Restricted funds`
`Restricted`	`-`	`(24,446)`	`24,446`	`-`
`TOTAL FUNDS`	`65,072`	`(3,075)`	`-`	`61,997`

`7. MOVEMENT IN FUNDS`

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Multicultural Richmond

`Notes to the Financial Statements`

`for the Year Ended 31 March 2021`

Comparative net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`33,061`	`(11,690)`	`21,371`
`Restricted funds`
`Restricted`	`19,355`	`(43,801)`	`(24,446)`
`TOTAL FUNDS`	`52,416`	`(55,491)`	`(3,075)`

`8. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 March 2021.

Page 11

Multicultural Richmond

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021

`Detailed Statement of Financial Activities` `for the Year Ended 31 March 2021`
		`Period`
		`1.7.19`
	`Year Ended`	`to`
	`31.3.21`	`31.3.20`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Gifts`	`-`	`7,636`
`Donations`	`466`	`-`
`Grants`	`67,571`	`44,528`
	`68,037`	`52,164`
`Investment income`
`Deposit account interest`	`260`	`252`
`Total incoming resources`	`68,297`	`52,416`
`EXPENDITURE`
`Raising donations and legacies`
`Wages`	`7,424`	`5,697`
`Charitable activities`
`Wages`	`36,928`	`28,335`
`Insurance`	`1,350`	`1,181`
`Telephone`	`1,171`	`1,467`
`Postage and stationery`	`45`	`597`
`Staff travel`	`(55)`	`608`
`Project costs`	`8,531`	`11,230`
`Meetings`	`-`	`70`
`Light and heat`	`-`	`(221)`
`Training costs`	`-`	`50`
	`47,970`	`43,317`
`Support costs`
`Management`
`Salaries and NI`	`3,333`	`2,557`
`Light and heat`	`494`	`-`
`Telephone`	`119`	`163`
`Postage and stationery`	`5`	`66`
`Advertising`	`641`	`-`
`Sundries`	`-`	`72`
`Accountancy`	`1,692`	`1,334`
`Bank charges`	`96`	`225`
`Computers`	`510`	`910`
`CIO Conversion costs`	`-`	`1,150`
	`6,890`	`6,477`
`Total resources expended`	`62,284`	`55,491`
`Net income/(expenditure)`	`6,013`	`(3,075)`

This page does not form part of the statutory financial statements

Page 12