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2025-06-30-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

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 2024 END OF FINANCIAL YEAR 30th June 2025 TRUSTEES AT 30TH JUNE 2025 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

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

TheAnti-RacistSocialClub

The Anti-Racist Social 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.

The Anti-Racist Social Club (‘The Club’) was registered with the Charity Commission on 2 July 2021 as a Charitable Incorporated Organisation (CIO) 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.

Please review our 2021-2022 Trustees’ Annual Report for information about the formation of The Club and the initial recruitment of trustees. As a part of that induction process, trustees were made aware of the Charity Commission’s guidance on public benefit, specifically Public benefit: the public benefit requirement (PB1), Public benefit: running a charity (PB2), and Public benefit: reporting (PB3).

No additional trustees have been appointed to oversee The 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 natural person over the age of 16 and that said trustee must "expressly acknowledge their acceptance of the office of charity trustee". Clause 10 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 trustees to join, but approval lies with the existing stakeholders of the charity. New trustees will be required to complete an induction and training process, similar to that completed by existing trustees.

Trustees of The Club meet every four (4) months to discuss the governance, administration, operations, and finances of the CIO.

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, W1A 6US, United Kingdom).

The Club has operated under the direction of three 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 1 July 2024 until 30 June 2025 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 the Trustees of The Anti-Racist Social Club as of 08 April 2026:

Bradley Deal Treasurer

Andrew De Jong Chair

Oluwatobi Arawolé Head of Special Projects & Social Engagement

The charitable purposes of The Anti-Racist Social Club, as outlined in our governing document, 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, (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”) 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.

The following definitions are also included in the governing document for clarification:

Anti-racism is defined as (i) any form of action against racism, systemic racism, and the oppression of groups that have been marginalised or excluded, or (ii) 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 (iv) 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; and

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 status.

The Club's governing document gives 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:

Continued to update our resource-filled website (which houses publiclyavailable original and curated content);

Donated books to the public;

Developed content for an online anti-discrimination training course ;

Developed inclusion, diversity, equity, and access (IDEA) strategies for businesses;

Participated in speaking events (incl. giving a keynote presentation at a market research conference); and

Supported businesses in becoming more inclusive through leadership development coaching and workshops .

Our activities throughout the 2024/25 year have impacted hundreds of business professionals across the United Kingdom by providing education and helping create better environments for social inclusion and racial harmony. The Club limited its public engagements this year to reorganise internally and develop its existing partnerships. The Club also developed “Inclusion in Action” packs that will help expand the organisation’s reach once it completes its strategic reorganisation.

The charity earned £1,575 in earned revenue in the 2024/25 financial year . Our income was secured through workshops and donations, carried out in line with our charitable purposes and following Annex C: Charging for services guidance within the Public benefit: running a charity (PB2) policy.

In its fourth year of operation, The Club continued to develop its internal infrastructure and strategic positioning. This meant less public-facing projects (e.g. workshops, consulting, etc.), which has contributed the largest portion of revenue for the organisation in previous years. Without any large consulting projects this year, The Club relied on its retained earnings to support its business development efforts to grow the reach of the charity. The largest individual category of spending – roughly £12.8K – was spent on procuring the services of consultants who supported the workload and operations of the charity; specifically, this amount reflected the large expenditure on SEO, online marketing, and growing the digital presence of The Club during the 2023/24 financial year (which resulted in 13x more online engagement than the previous year).

After all expenditures, we ended the fourth accounting year with just under £67K as retained earnings. Given our non-profit status as a Charitable Incorporated Organisation (CIO), this money stayed in our bank account and was not paid out as dividends or salary to any Trustees, nor was it invested. As we have no restrictions on the use of our funds, the retained earnings of the organisation serve as our financial reserves in order to cover any existing or future operating costs in line with our charitable purposes.

At the time of compiling this report and our accounts, there are no uncertainties about the charity's ability to continue operating and there are no other principal risks facing the charity.

We also make the following declarations:

The Anti-Racist Social Club does not own any land or buildings , nor is it – 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 invest any retained profits or reserves.

We spent our fourth year as a Charitable Incorporated Organisation (CIO) continuing to raise awareness of our organisation and establishing the infrastructure of our internal operations. Having invested heavily in business development and online growth in the previous year, we focused our efforts on redeveloping our strategic point of view and position in the market (while still continuing to offer publiclyavailable resources).

We're excited for the year ahead, in which we aim to:

Continue offering bespoke anti-discrimination and culture shift workshops for businesses;

Maintain our online presence to engage with and inform the public and businesses we work with;

Develop new partnerships through our “Inclusion in Action” marketing initiative ; and

Continue improving our public-facing content by engaging in formal education and research related to anti-racism and social justice.

TheAnti-RacistSocialClub

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THE ANTI-RACIST SOCIAL CLUB

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025

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
Debtor Adjustment
12
TOTAL FUNDS CARRIED FORWARD
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
1,575
-
1,575
23,000
1
-
1
242
1,576
-
1,576
23,242
3,085
-
3,085
14,969
1,680
-
1,680
840
4,765
-
4,765
15,809
(3,189)
-
(3,189)
7,433
83,387
-
83,387
75,954
(23,000)
-
(23,000)
-
57,198
-
57,198
83,387

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 18 form part of these financial statements.

12

THE ANTI-RACIST SOCIAL CLUB {CharitsUe I￿￿)rated organisat￿nI 8ALANCE SHEET AS AT30TH JUNE 2025 Restriknl FuNJ8 TOTAL 3fyJun.25 TOTAL 30-Jun-24 Flx•d As•ts Tan91t￿e As5elS InvoÈlmonl$ Totll Flx•d AM•ts Curr•nt AM•ts Oebtors & Prep•YTh￿ Cash 4t Bank and In H•nd T)t•l Curr•nt A•••ts 1.5(K) 57,334 58,834 23.C 73.827 98,827 57.334 58.834 er•dttor•.' 18lliry due 1,636 1,836 13.440 NET CUAAeNT ASSETS 57.198 57.198 83.387 57,19 1.1 81397 Cr•dltor•'. ¢Jthi In thgn ore >wr 10 NET ASSETS 57.198 $7,198 83.387 Fufid•of th• Ch•rNy Qertral Funds R•S¢it￿ fund¥ Sl.190 Tot*1 Fund• 57.190 57.198 83.387

THE ANTI-RACIST SOCIAL CLUB

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

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 2025

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 2025: None

30th June 2024: None

15

THE ANTI-RACIST SOCIAL CLUB

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2025

3. INCOMING RESOURCES

a) Charitable Activities
Workshop & Programme Income
b) Other Incoming Resources
Sundry Income
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
1,575
-
1,575
23,000
1,575
-
1,575
23,000
1
-
1
242
1
-
1
242

4. RESOURCES EXPENDED

a) Cost of Charitable Activities
Advertising & Marketing
Books & Publications
Catering Costs
Consultancy Fees
Cultural Education
Equipment Costs
License & Subscriptions
Office Costs
Travel & Subsistence
Website Costs
`
b) Governance Costs
Independent Examiners Fees
9
Legal & Professional Fees
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024/25
2023/24
£
£
£
£
1,054
-
1,054
30
325
-
325
1,039
41
-
41
54
200
-
200
12,950
102
-
102
88
126
-
126
-
851
-
851
341
210
-
210
227
55
-
55
217
121
-
121
23
3,085
-
3,085
14,969
900
-
900
840
780
-
780
-
1,680
-
1,680
840

16

THE ANTI-RACIST SOCIAL CLUB

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2025

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-25 30-Jun-24
£ £ £ £
Cash at Bank & in Hand 57,334 -
57,334
73,827
57,334 -
57,334
73,827
8. DEBTORS AND PREPAYMENTS
Sundry Debtors
Unrestricted
Fund
£
1,500
Restricted
Fund
£
TOTAL
30-Jun-25
£
-
1,500
TOTAL
30-Jun-24
£
23,000
1,500 -
1,500
23,000
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Independent Examiners Fees
Sundry Creditors
Unrestricted
Fund
£
900
736
Restricted
Fund
£
TOTAL
30-Jun-25
£
-
900
-
736
TOTAL
30-Jun-24
£
840
12,600
1,636 -
1,636
13,440

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-25
30-Jun-24
£
£
£
£
-
-
-
-
57,198
-
57,198
83,387
-
-
-
-
57,198
-
57,198
83,387

17

THE ANTI-RACIST SOCIAL CLUB

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH JUNE 2025

12. DEBTOR ADJUSTMENT

During the previous financial year the Trustees agreed to deliver a funded eLearning Training Programmes and made provision for income to deliver the programmes. During the financial year the Trustees had not received the agreed funding to deliver the eLearning Training Programme and an adjustment has been made to the accounts to reflect a true and fair financial position as at the 30th June 2025.

13. STAFF COSTS AND NUMBERS

The Charity employed no members of staff during this or the previous financial period.

14. 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.

15. 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.

16. 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.

17. 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 2025 set out on pages 12 to 18.

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:

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:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. 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: 30th April 2026

19