# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 30TH JUNE 2022** ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1195046** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **CONTENTS** |Page 3|Legal & Administrative Information| |---|---| |Pages 4 to 12|Trustees' Report| |Page 13|Statement of Financial Activities| |Page 14|Balance Sheet| |Pages 15 to 19|Notes to the Financial Statements| |Page 20|Independent Examiner's Report| ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1195046 **DATE OF REGISTRATION** 2nd July 2021 **START OF FINANCIAL PERIOD** 2nd July 2021 **END OF FINANCIAL PERIOD** 30th June 2022 **TRUSTEES AT 30TH JUNE 2022** Andrew De Jong Bradley Deal Oluwatobi Arawole **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 2nd July 2021 ## **OBJECTS** To advance the education of the public in the subject of anti-racism in particular, but not exclusively, through the use of (i) trainings, (ii) workshops, (iii) online courses, (iv) original content, (v) curated content, (vi) events, and (vii) the continued development of capabilities, competencies, skills, and understanding of how to be anti-racist, how to be an ally to communities that have been marginalised or excluded, how to promote racial tolerance, and how to eliminate discrimination on the grounds of race, ethnicity, and other protected characteristics. To promote social inclusion, diversity, equity and access ("IDEA") to opportunity for the public benefit in particular, but not exclusively, through (i) the elimination of discrimination on the grounds of race, ethnicity, nationality, gender, sexuality, marital status, religion/faith/spirituality, social and economic disadvantage/ socioeconomic status/level of income, disability status, (ii) advancing education and raising awareness in IDEA, (iii) promoting activities to foster understanding between people from diverse backgrounds, and (iv) cultivating a sentiment in favour of IDEA; and To promote racial harmony for the public benefit in particular, but not exclusively, by (i) advancing education and raising awareness about different racial and ethnic groups to promote good relations between persons of different racial and ethnic groups, (ii) working towards the elimination of discrimination on the grounds of race and ethnicity, and (iii) promoting knowledge and mutual understanding between different racial and ethnic groups **CORRESPONDENCE ADDRESS** Unit 80698 P.O Box 6945 London W1A 6US **PRIMARY BANKERS** National Westminster Bank Plc Barking Branch 32 East Street Barking Essex IG11 8AB **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 THE ANTI-RACIST SOCIAL CLUB ANTI-HAGISM BUILDING ANTI.RACIST COMMUNITIES & ORGANISATIONS 2023 Trustees, Annual Report @theanliracistsocial.club I www.TheAntiRacistSocial.Club I welc¢)me@theantiracistsocial.clvb THUSTIES, ANNUAI HEPOHT - PAOE Z WELCOME TO THE CLUBI The Anli-Raci5t Social Club ('The Club.) is a registered charity startup that works to create spaces and resources for education and open dialogue with White people and non-Black POC about becoming anti-racist allies. It was first registered with the Charity Commission on 2 July 2021 Iregistration no.1195046 and registered address OF Unit 80698, PO Box 6945, London, WIA 6US, United Kingdoml. The Club has operated under the direction OF three (3) trustees since its inception: Andrew De Jong, Chair Oluwatobi Arawolé. Head of Special Projects & Social Engagement Brad Deal, Treasurer This Trustees Annual Report covers the period 2 July 2021 vntil 30 June 2022 and provides detail and context regarding the governance, administration, operations, and finances of The Anti-Racist Social Club. This report has been approved and signed by the Trustees as OF 6 February 2023. Andrew De Jon8 Chair Olvwatobi Arawolé Head of Special Projects & Social Engagement Bradley Deal Treasurer o) 2023 by The Anti-Racist Social Club. All Rights Reserved. THUSTIES, ANNUAI HEPOHT - PAOE 3 GOVERNANCE fr ADMINISTRATION The Anti-Racist Social Club was registered with the Charity Commission on 2 July 2021 as a Charitable Incorporated Organisation ICIOI with a governing document titled 'Constitution of a Charitable Incorporated Organisation Whose Only Voting Members Are Its Charity Trustees. The charity is not registered with Companies House and does not have any corporate trustees or directors in that respect. Trustees for the CIO were First recruited via an open call during the summer OF 2020. A shortlist was selected by Hakeem S. Allen. Founder OF The Anti-Racist Social Club, and aFter a series OF meetings and consullation with the Charity Commission a final three C3) were appointed based off of experience, connection to the charitable purposes OF the CIO. and availability. In October 2020 a Trustee Induction was held, where trustees were made aware of their responsibilities and duties, compliance requirements, and liability. As a part of this indvction process. trustees have had regard to the Charity Commission's guidance on public beneFit, specifically Public beneFit= the public benefit requirement (PB1), Public benefit-. running a charity (PB2J, and Public benefit: reporting (PB3). No additional trvstees have been appointed to oversee The AnEi-Racist Social Club since its inception. Should new trustees be required in the Future. The Club s governing document outlines the process For the recruitment and appointment OF new trustees. Clause 9 OF the governing document outlines eligibility requirements for new trustees, including the need to be a nalural person over the age of16 and that said trustee must, expressly acknowledge their acceptance OF the oFfice OF charity Iruslee Clau5e10 outlines the process for recruiting and appointing new trustees, most notably limiting the terms OF new trustees to six (6) months at a time and requiring existing trustees to'have regard to the skills. knowledge and experience needed for the effective administration of the CIO,. when selecting individuals for appointment as new charity trustees. No restrictions exist as to who can nominate truslees to join. but approval lies with Ihe existing stakeholders OF the charity. New truslees will be required to complete an induction and training process. similar to that completed by existing trustees. Trustees OF The Club generally meet once per quarter, subject to availability- @theantiracistsocial.club I www.TheAntiRacistSocial.Club I welc¢)me@theantiracistsocial.club THUSTIES, ANNUAI HEPOHT - PAOE CHARITABLE PURPOSES fr ACTIVITIES As ovtlined in its governing document, the charitable purposes of The Anti-Racist Social Club are as Follows.. To advance the education OF the public in the subject OF anti-racism in particular, but not exclusively. through the use OF (i) trainings, lil) workshops. liiil online courses. (iv) original content. (vl curated content, Ivil events. and Cvii) the continued development of capabilities. competencies, skills, and understanding of how to be anti-racist. how to be an ally to communities that have been marginalised or excluded, how to promote racial tolerance, and how to eliminate discrimination on the grounds OF race, ethnicity, and other protected characteristics. To promote social inclusion, diversity, equity and access ("IOEA"J to opportunity for the public beneFit in particular, but not exclusively, through (i) the elimination OF discrimination on the grounds OF race. ethnicity, nationality, gender, sexuality, marital status. religion/faith/spirituality, social and economic disadvantage/ socioeconomic status/level OF income, disability status, (li) advancing education and raising awareness in l DEA, (iii) promoting activilies to foster understanding between people from diverse backgrounds. and (iv) cultivating a sentiment in Favour OF IDEA,. and To promote racial harmony for the public benefit in particular, but not exclusively, by (ij advancing education and raising awareness about different racial and ethnic groups to promote good relations between persons OF diFferent racial and ethnic groups, (li) working towards the elimination of discrimination on the grounds of race and ethnicity, and (iiij promoting knowledge and mutual understanding be￿een diFferenl racial and ethnic groups. o) 2023 by The Anti-Racist Social Club. All Rights Reserved. THUSTIES, ANNUAI HEPOHT - PAOE 5 For clariFication, the following deFinitions were also included in the governing document.. Anti-racism is deFined as (ij any Form of action against racism. systemic racism, and the oppression OF groups that have been marginalised or excluded. or (li) any conscious eFforts and actions to provide equitable opportunities For all people on an individual and systemic level, or (iii) the policy or practice of opposing racism and promoting racial and ethnic tolerance. or Civ) the active process OF identifying and eliminating racism by changing systems, organisational structures, policies and practices, and attitudes. so that power is redistributed and shared equitably. Protected characteristics include, but are not limited to, age, gender, sexuality. marital status. physical or mental disability status. race. ethnicity, nationality. religious or spiritual belieFs, and level of socioeconomic stalus. The Club, governing document gave it'the power to do anything which is calculated to Further its objects or is conducive or incidental to doing so . This included the following activities and achievements: Hosted over twenty-five125) corporate workshops with businesses that equipped senior leadership with diversity and inclusion best practices, improved recruitment and retention, and reshaped corporate culture to be more inclusive of marginalised grovps. In these workshops. we helped organisations understand what it meant to be an ally,. the impact of microaggressions and unconscious bias on business and society; the need for diverse teams and leaders.. and the practical steps they could take to become a more anti-racist organisation. We also hosted LGBTQ+ History & Allyship workshops, as well as workshops helping organisations become anti-sexist. Supported universities in de-colonising their curriculums @theantiracistsocial.club I www.TheAntiRacistSocial.Club I welc¢)me@theantiracistsocial.club THUSTIES, ANNUAI HEPOHT - PAOE 6 In addition to hosting workshops. we also did the Following to Further our charitable purposes For Ehe public beneFil: Updated our website which seprfes as a resource for the public to learn more about anti-racism and how to become a better ally. The website hosts over 500 curated resources which include movies. television shows, podcasts. books. and short-form articles. The website also includes original video content created by our very own founder. Our website also Featured an FAQ section which provided advice and inFormation For those in the general public seeking to become better allies and anti-racist. Participated in speaking events and panels related to anti-racism and intersectionality, including giving a presentation at RecFes Developed inclusion, diversity, equity. and access IIDEA) strategies for businesses to support their eFforts in becoming better allies to marginalised communities. as well as audited business s recruitment policies and provided recommendations to improve the diversity of their workforces and leadership teams Held interviews and focus groups within organisations to support the identiFication of challenges as they relate to IDEA and bias pain points Our activities have impacted hundreds OF employees and practitioners across the United Kingdom. Australia. South Africa. and United States by providing education and helping create better environments for social inclusion and racial harmony within businesses and schools. Our resource-filled website has had over 2.000 new, unique visitors from the United Kingdom. United States, and 45 other countries, and our publicly available resources continue to provide education and advice for thousands. Outside OF these public-Facing activities. we also spent a considerable amount of time building the organisation From the ground up. establishing policies and procedures. networking. creating a social media presence. and developing our point OF view on a variety of topics. We will continue to develop methods of measuring our impact. o) 2023 by The Anti-Racist Social Club. All Rights Reserved. THUSTIES, ANNUAI HEPOHT - PAOE I FINANCIAL OVERVIEW In total. the charity earned £33K in its first year. Our main source OF income was secured through the Facilitation OF workshops and other consulling activities carried out in line wilh our charitable purposes and following Annex C.. Charging For services guidance within the Public beneFit.- running a charity CPB2) policy. We also sold various merchandise and held a comedy Fundraising event which helped us raise the remaining 2 % of our overall income during our First year. Given the complexity OF various engagements. at times the services OF consultants were procured to support the Erowing workload and operations OF the charity. This represented the largest share of outgoing expenses, roughly £7K We also spent just under £3.5K on advertising and promotional costs to help grow our reach. most notably participating in the RecFest event which helped us network with in-house recruitment teams and other organisalions working in human resources (one OF our main targets For educational workshops). After all expenditures. we ended our first accounting year (02 July 2021- 30 June 2022) with just over £20K as retained earnings. Given our non-profit status as a Charitable Incorporated Organisation (CIOJ. this money stayed in our bank account and was not paid out to any Trustees. directors. or other stakeholders of the charity. At the time of compiling this report and our accounts. there are no uncerlainties about the charity's ability to continue operating and we make the following declarations= The Anti-Racist Social Club does not own any land or buildings, nor is il- or its Trustees- acting as a custodian trustee on behalf OF another charity or organisation- The Anti-Racist Social Club is not in debt to any organisation or other legal entity, nor does it have any funds or subsidiary undertakings materially in deFicit: and The Anti-Racist Social Club does not have any restrictions on use OF its funds. @theantiracistsocial.club I www.TheAntiRacistSocial.Club I welc¢)me@theantiracistsocial.club THUSTIES, ANNUAI HEPOHT - PAOE 8 As a new and growing organisation, we are still in the process of developing a comprehensive list of policies. including a Financial policy For the holding OF reserves. At Ehis time the £20K of retained earnings will serve as our Financial reserves in order to cover any existing or Future operating costs. THE YEAR AHEAD We spent our firsl full year as a Charitable Incorporated Organisalion (CIOI raising awareness of our website and public resources. facilitating workshops. and building the Foundations OF our internal operations. We re excited for the year ahead in which we aim to.. Finalise a list OF policies to guide our internal operations Update our branding, social media. and website Engage with schools through anti-racism, anti-bullying, and inclusion workshops Secure grant funding to expand our operations and ability to provide public resources Hire a permanent staFF member to oversee operation5 OF the charity on behalF OF the Trustees Invest in anti-racism and cultural education For volunteers. Fulure employees, and other key stakeholders OF the charity involved in its operations o) 2023 by The Anti-Racist Social Club. All Rights Reserved. THE ANTI-RACIST SOCIAL CLUB ICharitat4e Incorporated (kganisationl TRUSTEES, REPORT IContlnued} FOR THE FIRST PERIOD ENDED 30THJUNE 2022 Trust888' R8sponslbllltl88 The Charities Act 2011 requires trustees to p￿pare fir•rto1 ststements each firn2n¢k?l year which give a true a￿1 fair of the stste of affairs of CIO and of the surtALLS ol the QO ￿ that wKyJ. In ￿epar¥￿ Ihose financk?l stst¥m&nts the trustess a￿ reoulred to.. . Sek¢t Suilable a¢countirrfJ aThJ aprjy them C￿$1$tentty Mak8 judgements estimates that are reasonafA8 and prudent Prepare financial slaternents on the ba￿5 it is inap¥)ropriate to presume that thp trust will ntInL￿ in existence. The Trustees are reS￿nsib￿ for keeping proFer acwjnling recud5. whth disclc6e with re850natrAe accuracy al any time the financial pw)sitK)n of CIO. They are aLso resFCffjSitle for safeguardirwJ the ass8ts of CIO aTrJ hence for tak1￿j reasona￿8 steps for the preventK)n and delecth?n of fraud and other Irregularit￿5. 2023-03-16 Appyovod by tlw Trustees on ............................ Signed on their beh8W by Trustee ......................-..................................................................................................... Prlnte(l Name.. Bradley Deal Treasurer 12 twJm$nt W". ZZU5z¥3VtrK.X2FML4￿F￿fj Page 12 of 20 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE FIRST PERIOD ENDED 30TH JUNE 2022** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Charitable Activities
**3a**
Activities for Generating Funds
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
32,085
-
32,085
983
-
983
**33,068**
**-**
**33,068**
13,098
-
13,098
650
-
650
**13,748**
**-**
**13,748**
**19,320**
**-**
**19,320**
-
-
-
**19,320**
**-**
**19,320**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 15 to 19 form part of these financial statements. 13 THE ANTI-RACIST SOCIAL CLUB ICharttaNe Incoryx>rated Ikganisationl BALANCE SHEET AS AT 30TH JUNE 2022 Unrestricted Funds Restricted Funds Totsl 3fyJun.22 Fix8d A558ts Tangible Assets Inve8lmenl8 Total Flxad As8ats Current Assets Debtors & Prepayrn8nts Cash at Bank and in Hand Total Current Assets 22.718 27,576 22,716 27,576 Cr•dltor#'. Amounts lal4NJ ¢Ju& within one 8.256 8,256 NET CURRENT ASSETS 19.320 19.320 TOTAL ASSETS ths current Ilablltyes 19.320 19.320 CrodStorn.' Amounts falure due In more thBn 0￿ year 10 NET ASSETS 19,320 19.320 Fund$ of the Charlty General Fun¢$ Restricte(J Funds 19,320 19,320 Totol Fund• 19.320 19.320 2023-03-16 Apwoved by tlw Trustees on . 345 Signed on tf*ir behaw by Trustee ... Printed Name.. Bradley Deal Treasurer 14 twJm$nt W". ZZU5z¥3VtrK.X2FML4￿F￿fj Page 14 of 20 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 30TH JUNE 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. 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 (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services have been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 15 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, Fittings and Equipment 25% - Reducing Balance Basis ## **2. TANGIBLE FIXED ASSETS** The CIO held no fixed assets during this initial financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30th June 2022: None 16 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022** ## **3. INCOMING RESOURCES** |**a) Charitable Activities**
Workshop & Programme Income
**b) Activities for Generating Funds**
Fundraising Income
Merchandise Sales|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
32,085
-
32,085
**32,085**
**-**
**32,085**
790
-
790
193
-
193
**983**
**-**
**983**| |---|---| ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Advertising & Marketing
Books & Publications
Catering Costs
Consultancy Fees
Cultural Education
License & Subscriptions
Office Costs
Travel & Subsistence
Website Costs|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
3,448
-
3,448
291
-
291
83
-
83
7,966
-
7,966
167
-
167
355
-
355
62
-
62
576
-
576
150
-
150
**13,098**
**-**
**13,098**| |---|---| |`
**b) Governance Costs**
Independent Examiners Fees
**9**|650
-
650
**650**
**-**
**650**| |---|---| 17 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022** ## **5. RESTRICTED FUNDS** The CIO held no restricted funds during this initial financial period. ## **6. INVESTMENTS** The CIO held no fixed assets investments during this initial financial period. ## **7. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees
Member Loans
Sundry Creditors|Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
**£**
22,716
-
22,716
**22,716**
**-**
**22,716**
Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
**£**
4,860
-
4,860
**4,860**
**-**
**4,860**
Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
**£**
650
-
650
6,000
-
6,000
1,606
-
1,606
**8,256**
**-**
**8,256**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this initial financial period. ## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|Unrestricted
Restricted
**Total**
Fund
Fund
**30-Jun-22**
£
£
£
-
-
-
19,320
-
19,320
-
-
-
**19,320**
**-**
**19,320**| |---|---| 18 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 30TH JUNE 2022** ## **12. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this initial financial period. ## **13. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. ## **17. COMPARATIVE FIGURES** There are no comparative figures available as this is the initial period of registered Incorporated Charitable Activity. 19 THE ANTI-RACIST SOCIAL CLUB Icharitsble Incorporated Organisation} INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trust88sI m8mb8rs ofTh& AnI￿RA￿.i￿I Sty*1 Club on accounts for th• first pwiod •n￿d 30th June 2022 Èot out on page8 13 to 19. RMp•ctlv• rnspon•lblll¢l•• of trustws and wimkn•r The ch8rity8 trustees are r8sp0nsi￿e lor the preparatiC￿ of thg ￿￿TrI& The eh8rty'$ truslees consider that an audit is not required for this year urKtsr soGtK)n 144 01 thè Chariiw Acl 2011 (the Charities A£tl that an indetthyent axamination is r￿eded. It Is my re6ponsibility to= examlno the accounts uThJer sectw 145 ol Ihe Chaiili8s Act. folk)w the ￿ocedureS laid (k￿ in Ihe general t*re(*ons by tIN8 Charlty Cornfflls8*)n lunder sectk)n 145