``` 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 2024 ``` ``` for Multicultural Richmond ``` ``` KAMP Chartered Accountants Falcon House 257 Burlington Road New Malden Surrey KT3 4NE ``` ``` Multicultural Richmond ``` ## `Contents of the Financial Statements for the Year Ended 31 March 2024` ||`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 2024 ``` ``` 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 2024. 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: ``` - `(1)Community Cohesion events` - `(2)Support Group services, case work and English for Speakers of Other Languages (ESOL) classes` - `(3)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 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 Hate Crime and Domestic Abuse Event; ESOL and social support for both Ukrainian refugees and Hong Kong British National Overseas citizens; the management and development of the Multicultural, Heathfield, and Ham Social Clubs and exercise classes. Additionally, they have attended statutory Council, Safer Neighbourhood Board, Violence Against Women & Girls, and Hate Crime Forum meetings. ``` ## `FINANCIAL REVIEW` ``` During the period MCR reported an overall deficit of £14,378. Total income received was £92,887 and total expenditure £107,265 ``` `Page` 1 ``` Report of the Trustees for the Year Ended 31 March 2024 (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 a reserves policy of targeting a minimum of 6 months cover at the year-end` . `This covers the needs for working capital to ensure continuity together with funding for specific projects.` ## **`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. ``` ``` Additionally, we are keeping a close watch on our finances and are actively applying for funding for future projects. ``` ## **`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. ``` ## **`Statement as to disclosure of information to Independent Examiner`** ## **`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 2024 (contd.) ``` ``` Reference and Administration ``` ``` The following Trustees were in post during the period: ``` ``` John Azah Jo Barrett Peter Burrows-Smith Krishan Sachdeva Jonathan Turley Kimberley Holgate 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`** ``` Masood Shahid ACA FCCA KAMP 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. ``` `Page` 3 ``` Report of the Trustees ``` ## `for the Year Ended 31 March 2024 (contd.)` - `In preparing these accounts, the Trustees are required to:` - `select suitable accounting policies and then apply them consistently;` - `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 ``` ``` Geoff Pope Peter Burrows-Smith ``` ``` Date: ``` `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 2024. ``` ## **`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. ``` ``` MASOOD SHAHID ACA FCCA KAMP Chartered Accountants Chartered Accountants 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 2024 ``` |`31.3.24`
`Unrestricted Restricted`
`Total`
`funds`
`funds`
`funds`
`Notes`
`£`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`56,773`
`35,903`
`92,676`
`Investment Income`
`2`
`211`
`-`
`211`
**`Total`**
`56,984`
`35,903`
`92,887`
**`EXPENDITURE ON`**
`Raising funds`
`9,985`
`-`
`9,985`
**`Charitable activities`**
`Charitable activity`
`1,972`
`86,098`
`88,070`
`Support costs`
`4,727`
`4,483`
`9,210`
**`Total`**
`16,684`
`90,581`
`107,265`
**`NET INCOME/(EXPENDITURE)`**
`40,300`
`(54,678)`
`(14,378)`
**`Transfer between Funds`**
`(54,678)`
`54,678`
`-`
**`NET MOVEMENT`**
`(14,378)`
`-`
`(14,378)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`60,120`
`-`
`60,120`
**`TOTAL FUNDS CARRIED FORWARD`**
`45,742`
`-`
`45,742`|`31.3.23`
`Total`
`funds`
`£`
`85,844`
`178`
`86,022`
`8,917`
`79,082`
`8,922`
`96,921`
`(10,899)`
`-`
`(10,899)`
`71,019`
`60,120`| |---|---| ``` The notes form part of these financial statements ``` `Page` 6 ``` Multicultural Richmond ``` ## `Balance Sheet` ## `31 March 2024` |`Multicultural Richmond`
`Balance Sheet`
`31 March 2024`|||| |---|---|---|---| |||`31.3.24`|`31.3.23`| |||`Total`|`Total`| |||`funds`|`funds`| ||`Notes`|`£`|`£`| |**`CURRENT ASSETS`**|||| |`Debtors`|`5`|`4,219`|`4,967`| |`Cash at bank and in hand`||`49,930`|`57,446`| |||`54,149`|`62,413`| |**`CREDITORS`**|||| |`Amounts falling due within one Year`|`6`|`(8,407)`|`(2,293)`| |**`NET CURRENT ASSETS/(LIABILITIES)`**||`45,742`|`60,120`| |**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`45,742`|`60,120`| |**`NET ASSETS`**||`45,742`|`60,120`| |**`FUNDS`**|`7`||| |`Unrestricted funds`||`92,258`|`106,636`| |`Restricted funds`||`(46,516)`|`(46,516)`| |**`TOTAL FUNDS`**||`45,742`|`60,120`| ``` The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the Year ended 31 March 2024. ``` ``` The members have not required the company to obtain an audit of its financial statements for the Year ended 31 March 2024 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 2024 ``` ## **`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`**||| |---|---|---| ||`Year Ended`|`Year Ended`| ||`31.3.24`|`31.3.23`| ||`£`|`£`| |`Deposit account interest`|`211`|`178`| ## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees' remuneration or other benefits for the Year ended 31 March 2024 nor for the Period ended 31 March 2023. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the Year ended 31 March 2024 nor for the Period ended 31 March 2023. ``` ``` continued... ``` `Page` 8 ``` Multicultural Richmond ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ``` ## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |||`Unrestricted`|`Restricted`|`Total`| |---|---|---|---|---| |||`funds`|`funds`|`funds`| |||`£`|`£`|`£`| ||**`INCOME AND ENDOWMENTS FROM`**|||| ||`Donations and legacies`|`56,773`|`35,903`|`92,676`| ||`Investment income`|`211`|`-`|`211`| ||**`Total`**|`56,984`|`35,903`|`92,887`| ||**`EXPENDITURE ON`**|||| ||`Raising funds`|`9,985`|`-`|`9,985`| ||**`Charitable activities`**|||| ||`Charitable activity`|`1,972`|`86,09`8|`88,070`| ||`Support costs`|`4,727`|`4,483`|`9,210`| ||**`Total`**|`16,684`|`90,581`|`107,265`| ||**`NET INCOME/(EXPENDITURE)`**|`40,300`|`(54,678)`|`(14,378)`| ||**`Transfers between funds`**|`(54,678)`|`54,678`|`-`| ||**`Net movement in funds`**|`(14,378)`|`-`|`(14,378)`| ||**`RECONCILIATION OF FUNDS`**|||| ||**`Total funds brought forward`**|`60,120`|`-`|`60,120`| ||**`TOTAL FUNDS CARRIED FORWARD`**|`45,742`|`-`|`45,742`| |**`5.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||| ||||`31.3.24`|`31.3.23`| ||||`£`|`£`| ||`Prepayments and accrued income`||`4,219`|`4,967`| ||||`4,219`|`4,967`| ``` continued... ``` `Page` 9 ``` Multicultural Richmond ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ``` ## **`6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |||||`31.3.24`|`31.3.23`| |---|---|---|---|---|---| |||||`£`|`£`| |`Accruals and deferred income`||||`7,507`|`1,393`| |`Accrued expenses`||||`900`|`900`| |||||`8,407`|`2,293`| |**`MOVEMENT IN FUNDS`**|||||| |||||`Net`|| |||||`movement`|
`At`| ||||`At 1.4.23`|
`in funds`|
`31.3.24`| ||||`£`|`£`|`£`| |**`Unrestricted funds`**|||||| |`General fund`|||`113,164`|`40,300`|`153,464`| |`Designated`|||`49,373`|`-`|`49,373`| ||||`162,537`|`40,300`|`202,837`| |**`Restricted funds`**|||||| |`Restricted`|||`(102,417)`|`(54,678)`|`(157,095)`| |**`TOTAL FUNDS`**|||`60,120`|`(14,378)`|`45,742`| |`Net movement in funds, included in`|`the`|`above are as follows:`|||| ||||`Incoming`|`Resources`|`Movement`| ||||`resources`|
`expended`|
`in funds`| ||||`£`|`£`|`£`| |**`Unrestricted funds`**|||||| |`General fund`|||`35,618`|`4,682`|`40,300`| |**`Restricted funds`**|||||| |`Restricted`|||`(46,517)`|`(8,161)`|`(54,678)`| |**`TOTAL FUNDS`**|||`(10,899)`|`(3,479)`|`(14,378)`| |**`Comparatives for movement in funds`**|||||| ||||`Net`|`Transfers`|| ||`At`||`movement`|`between`|`At`| ||`1.04.22`||
`in funds`|`funds`|`31.3.23`| ||`£`||`£`|`£`|`£`| |**`Unrestricted funds`**|||||| |`General fund`|`21,646`||`35,618`|`(46,517)`|`10,747`| |`Designated`|`49,373`||`-`|`-`|`49,373`| ||`71,019`||`35,618`|`(46,517)`|`60,120`| |**`Restricted funds`**|||||| |`Restricted`||`-`|`(46,517)`|`46,517`|`-`| |**`TOTAL FUNDS`**|`71,019`||`(10,899)`|`-`|`60,120`| ## **`7. MOVEMENT IN FUNDS`** `Page` 10 ``` Multicultural Richmond ``` ## `Notes to the Financial Statements - continued` ``` for the Year Ended 31 March 2024 ``` ``` Comparative net movement in funds, included in the above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|
`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`31,252`|`4,366`|`35,618`| |**`Restricted funds`**|||| |`Restricted`|`(28,243)`|`(18,274)`|`(46,517)`| |**`TOTAL FUNDS`**|`3,009`|`(13,908)`|`(10,899)`| ## **`8. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the Year ended 31 March 2024. ``` ## 9. **`GRANTS RECEIVED`** ``` Grants received and chargeable for the 12 months to March 2024 amounted to £86,976,of which £35,903 were restricted and £51,073 were unrestricted and were received from: ``` |`Grants`
|`Restricted`|`Unrestricted`|`Unrestricted`| |---|---|---|---| ||`£`|`£`|| |`Hampton Fund`|`6,500`||| |`Richmond Parish Lands Charity – Core 11,000`|||| |`Barnes Workhouse Fund`|`2,000`||| |`CILS contract - Age UK`||`49,240`|| |`ICCS Ltd`|`900`||| |`Garfield Weston`|||`833`| |`Drug and Alcohol Project`|`960`||| |`City Bridge Trust`|`3,875`||| |`RFU`||`1,000`|| |`Full of Life Fair`|`250`||| |`Richmond Council/GLA`|`3,905`||| |`Makers of Playing Cards`|`583`||| |`The Ironmongers Company`|`2,596`||| |`RUILS Disrepairs Project`|`3,33`4||| |**Total**|**35,903**|**51,073**|| `Page` 11 ``` Multicultural Richmond ``` ``` Detailed Statement of Financial Activities for the Year Ended 31 March 2024 ``` |`Multicultural Richmond`
`Detailed Statement of Financial Activities`
`for the Year Ended 31 March 2024`||| |---|---|---| ||`Year Ended`|`Year Ended`| ||`31.3.24`|`31.3.23`| ||`£`|`£`| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and legacies`**||| |`Donations`|`5,700`|`5,161`| |`Grants`|`86,976`|`80,683`| ||`92,676`|`85,844`| |**`Investment Income`**||| |`Deposit account interest`|`211`|`178`| |**`Total incoming resources`**|`92,887`|`86,022`| |**`EXPENDITURE`**||| |**`Raising donations and legacies`**||| |`Wages`|`9,985`|`8,917`| |**`Charitable activities`**||| |`Wages`|`49,664`|`44,353`| |`Insurance`|`988`|`1,200`| |`Telephone`|`1,342`|`2,009`| |`Postage and stationery`|`754`|`649`| |`Staff travel`|`867`|`651`| |`Project costs`|`29,044`|`28,166`| |`Meetings`|`136`|`54`| |`Light and heat`|`5,275`|`2,000`| |`Training costs`|`-`|`-`| ||`88,070`|`79,082`| |**`Support costs`**||| |**`Management`**||| |`Salaries and NI`|`4,483`|`4,003`| |`Light and heat`||| |`Telephone`|`149`|`223`| |`Postage and stationery`|`84`|`72`| |`Advertising`|`615`|`256`| |`Sundries`|`1,973`|`2,365`| |`Accountancy`|`900`|`900`| |`Bank charges`|`142`|`139`| |`Computers`||| |`Payroll`|`864`|`864`| ||`9,210`|`8,822`| |**`Total resources expended`**|`107,265`|`96,921`| |**`NET INCOME/(EXPENDITURE)`**|`(14,378)`|`(10,899)`| ``` This page does not form part of the statutory financial ``` `statements Page` 12