# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024** # **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1195046** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **CONTENTS** Page 3 Legal & Administrative Information Pages 4 to 11 Trustees' Report Page 12 Statement of Financial Activities Page 13 Balance Sheet Pages 14 to 18 Notes to the Financial Statements Page 19 Independent Examiner's Report 2 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1195046 **DATE OF REGISTRATION** 2nd July 2021 **START OF FINANCIAL YEAR** 1st July 2023 **END OF FINANCIAL YEAR** 30th June 2024 **TRUSTEES AT 30TH JUNE 2024** 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| ||Ground Floor Offices| ||53 High Street| ||Arundel| ||West Sussex| ||BN18 9AJ| 3 Trustees, Annual Report 2023- 2024 The Anti-Raci5t S¢xiol Club is a registered charity that works to create spaces and resources for education and open dialogue al>out becoming anti-racist allies and Creoting psychological safety in business and education. trustees, annvol report • page 2 Welcome to The Club! The Anti-Racist Social club ('The club,) is a registered charity that works to create spaces and resources for education and open dialogue about becoming anti-racist allies and creating psychological safety in business and education. It was first registered with the charity Commission on 2 July 2021 (registration no. 1195046 and registered address of Unit 80698, PO Box 6945, London, WIA 6US, United Kingdom). The club has operated under the direction of three (3) trustees since its inception- Andrew De Jong, chair Oluwatobi Arawole, Head of Special Projects & Social Engagement Brad Deal, Treasurer This Trustees. Annual Report covers the period i July 2025 until SO June 2024 and provides detail and context regarding the governance, administration, operations, and finances of The Anti-Racist Social club. This annual report has been approved and signed by thè Trusteès of The Anti-Racist Social club as of 02 April 2025.. Andrew De Jong chair oluwatobi Arawolé Head of Special Projects & Social Engagement Bradley Deal Treasurer www.theantirag8 finandal slatornonts the trLth are requked lo.. ot4eThe metW& FthFA61 In CNRritbs SORP. state vth8th8r apF4lc8t4e LIK AccwrtirvJ Standarth ha¥• boon fv)knv•J 8Ltyt to •ny fflaterlal d8parbJre8 dk*kJs•d ?xpkln&J in Ih finartial stztemanl& PmF•re 8tslernen18 wbyd e4Yt•m lo wewmo that the CIO wll Conun￿ Sn exkitert8. flnan&81 puitk)n ofthe charty and en8blo I￿ to ernure ttsi t￿ rm￿￿01 #8lery*nts cLJmpty wth the Chorftw Act 2011. the Ch8rty IAcccxJn18 8rKI Aepytll Regul&tknM 2CQ8 ￿er*I)va DrrAJmenL ￿Y are 8*0 re8pon&1￿8 fcf safeguardlng the 888ets crf th8 charty an¢J for tshjro r68Kwble step8 for pre￿nIt￿ (J8t8CtkJn of fraud and olhr Irregu*rrtl•& 1710412025 SwJ￿￿Onts￿b0￿￿Tn￿1fj9........................... .. .... . ... . P￿rrt￿j Nome.. Bradley Michael Deal ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Charitable Activities
**3a**
Other Incoming Resources
**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**
**TOTAL**
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
23,000
-
23,000
102,100
242
-
242
-
**23,242**
**-**
**23,242**
**102,100**
14,969
-
14,969
44,640
840
-
840
826
**15,809**
**-**
**15,809**
**45,466**
**7,433**
**-**
**7,433**
**56,634**
75,954
-
75,954
19,320
**83,387**
**-**
**83,387**
**75,954**| |---|---| 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. 12 THE ANTI-RACIST SOCIAL CLUB BALANCE SHEET AS AT 30TH JUNE 2024 TOTAL ufv24 TOTAL 3Wun43 FuThJs Flx•d AM•ts T￿gIble A#trts In￿st￿ntS Total FSx•d A#•#ts Curr•ntAMots Debtors & PrepByTh8rts Cash 8t Bank and In Ho￿1 Totsl Currwt A•••ts 73,827 96,827 73.827 827 113.813 113,813 Cr•dIt*￿. Amunts f8ltro wllm onè 13.440 37.859 NETCUIIRENT ASSETS 75,954 TOTALA88ETS18$8 G￿rerrt Ilat 83,317 75,954 Cr•dltors: Anwnts lallr¥J dug In 11 ygar 10 NET A8SET8 Fund• ofth• CMrlty Gener￿ FuTrJ6 Restricted Fur4J8 75,954 Total Fur 1710412025 AFvoved bytrrtTrn*ee80n.......................... ....... Slgne41 on ￿Tr￿te0.... ..... . .. .. .......... ... ..... .... ... ........ ........ .. .. .. Prfnted Nam.. Bradley Michael Deal 13 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024** ## **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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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. 14 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** ## **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 or the previous financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30th June 2024: None 30th June 2023: None 15 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** ## **3. INCOMING RESOURCES** |**a) Charitable Activities**
Workshop & Programme Income
**b) Other Incoming Resources**
Sundry Income
**4. RESOURCES EXPENDED**
**a) Cost of Charitable Activities**
Advertising & Marketing
Bank Charges
Books & Publications
Catering Costs
Consultancy Fees
Cultural Education
Equipment Costs
Insurance Costs
License & Subscriptions
Office Costs
Programme Development Costs
Travel & Subsistence
Website Costs
`
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
23,000
-
23,000
102,100
**23,000**
**-**
**23,000**
**102,100**
242
-
242
-
**242**
**-**
**242**
**-**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
30
-
30
123
-
-
-
30
1,039
-
1,039
841
54
-
54
995
12,950
-
12,950
36,273
88
-
88
639
-
-
-
135
-
-
-
133
341
-
341
314
227
-
227
292
-
-
-
680
217
-
217
3,955
23
-
23
230
**14,969**
**-**
**14,969**
**44,640**
840
-
840
780
-
-
-
46
**840**
**-**
**840**
**826**| |---|---| 16 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** ## **5. RESTRICTED FUNDS** The CIO held no restricted funds during this or the previous financial period. ## **6. INVESTMENTS** The CIO held no fixed assets investments during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** |**7. CASH AT BANK AND IN HAND**||||| |---|---|---|---|---| ||Unrestricted|Restricted|**TOTAL**|**TOTAL**| ||Fund|Fund|**30-Jun-24**|**30-Jun-23**| ||£|£|**£**|**£**| |Cash at Bank & in Hand|73,827||-
73,827|113,813| ||**73,827**||**-**
**73,827**|**113,813**| |**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Fund
£
23,000|Restricted
Fund
£|**TOTAL**
**30-Jun-24**
**£**
-
23,000|**TOTAL**
**30-Jun-23**
**£**
-| ||**23,000**||**-**
**23,000**|**-**| |**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees
Sundry Creditors|Unrestricted
Fund
£
840
12,600|Restricted
Fund
£|**TOTAL**
**30-Jun-24**
**£**
-
840
-
12,600|**TOTAL**
**30-Jun-23**
**£**
780
37,079| ||**13,440**||**-**
**13,440**|**37,859**| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
**TOTAL FUNDS**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**30-Jun-24**
**30-Jun-23**
£
£
£
£
-
-
-
-
83,387
-
83,387
75,954
-
-
-
-
**83,387**
**-**
**83,387**
**75,954**| |---|---| 17 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024** ## **12. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this or the previous 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. 18 ## **THE ANTI-RACIST SOCIAL CLUB** (Charitable Incorporated Organisation) ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** Report to the trustees/ members of The Anti-Racist Social Club on the accounts for the year ended 30th June 2024 set out on pages 12 to 19. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ Date: 23rd April 2025 19