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2025-12-31-accounts

Charity no. 1197005

Anti Racist Cumbria Report and Unaudited Financial Statements

31 December 2025

Anti Racist Cumbria

Reference and administrative details

For theyear ended 31 December 2025 For theyear ended 31 December 2025
Charity number 1197005
Registered office Suite RA01
195-197 Wood Street
London
Greater London
E17 3NU
Trustees The trustees who served during the year and up to the date of this report
were as follows:
N Anderson
K Cooper
J Fleary
Z Houghton Resigned 5 December 2025
M S Peart
A Scott
Bankers Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Anti Racist Cumbria

Report of the trustees

For the year ended 31 December 2025

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

1. STRUCTURE, GOVERNANCE AND MANAGEMENT Anti Racist Cumbria (ARC) is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission (charity number 1197005) on 8 December 2021, having operated as a voluntary organisation since September 2020. During 2025, ARC continued to operate in line with its Constitution and charitable objectives, promoting equality, diversity, and racial harmony for the public benefit across Cumbria.

ARC’s objectives remain:

All activities continue to be delivered with due regard to the Charity Commission’s guidance on public benefit (PB1–PB3).

Trustees, Recruitment and Induction

Throughout 2025, ARC was governed by a Trustee Board of six members. Trustees continued to prioritise alignment with ARC’s mission, values, and experience.

Induction in 2025 included strengthened anti-racism learning, safeguarding, and governance support in response to increasing organisational complexity and external risk.

Organisational Structure

ARC remains a CIO with trustees as its only voting members. The Board oversees strategy and holds the executive team to account. By the end of 2025, ARC employed a core staff team of 7 people: CEO, Operations Director, Community Development Director, Communications & Policy Lead, Youth Lead, Volunteer Lead and a Creative Marketing & Admin Coordinator, supported by approximately 20+ freelance facilitators, 8 freelance youth workers, and a volunteer base of over 100 people.

The organisational structure continues to support ARC’s five strategic pillars:

2. OBJECTIVES, ACTIVITIES AND ACHIEVEMENTS

Impacting Leadership

In 2025, ARC consolidated its reputation as a critical anti-racism partner across Cumbria and beyond. Work with local authorities, cultural institutions, and third-sector organisations focused on sustained conversations rather than one-off training. This approach continued to deepen understanding of structural racism and accountability at leadership level.

2

Anti Racist Cumbria

Report of the trustees

For the year ended 31 December 2025

Key 2025 highlights included:

Transforming Education

Education remained a cornerstone of ARC’s work in 2025, spanning early years, schools, FE, HE, and adult learning. While funding constraints continued to limit scale, ARC adapted delivery models and prioritised depth of impact.

Key developments in 2025 included:

Growing Grassroots

Grassroots work remained central to ARC’s mission of building the UK’s first anti-racist county. In 2025, ARC further embedded its focus on young people while strengthening wider community support.

Key highlights from 2025:

These activities deepened ARC’s understanding of Cumbria’s varied communities and further informed its Theory of Change.

Communication

By the end of 2025, communication remained one of ARC’s strongest enablers of impact. Supported by a dedicated Communications and Policy Lead and a volunteer team, ARC continued to reach wide and diverse audiences.

2025 annual highlights included:

3

Anti Racist Cumbria

Report of the trustees

For the year ended 31 December 2025

Embodiment & Self-Regulation

Embodiment remained a distinctive and essential element of ARC’s work throughout 2025. All programmes continued to integrate embodied education practices, supporting deeper learning and sustainability for participants.

Key 2025 highlights included:

ARC continued to prioritise care, safety, and sustainability for Black and Brown staff, members, and communities during an increasingly hostile national climate.

3. ACHIEVEMENTS AND PERFORMANCE

By the end of 2025, ARC had further strengthened its position as a trusted, values-led anti-racism organisation operating in an increasingly hostile social and political climate. Despite significant external challenges, ARC demonstrated resilience, creativity, and collective power, underpinned by what the organisation describes as radical hope.

Key 2025 Highlights

4

Anti Racist Cumbria

Report of the trustees

For the year ended 31 December 2025

Together, these achievements reflect ARC’s capacity to deliver deep, values-led impact while holding community, care, and courage at the centre of its work.

4. RISK MANAGEMENT AND ONGOING CONCERN

ARC continues to operate within a challenging and volatile context. Key risks during 2025 included:

ARC actively manages these risks through strategic partnerships, diversification of income where possible, ongoing evaluation, and a continued focus on unrestricted funding. Trustees consider ARC to be a going concern while recognising the need for careful financial stewardship and adaptive planning into 2026.

Reserves policy

ARC is working towards being in a position to hold up to 3 months reserves in running costs for the charity to be in a more secure position. We held an average of 2 months in reserves for 2025 which equates to minimum £80,000 of available funds, the monthly costs were an average of £40,000. As mentioned in the above notes on risk management, it’s a volatile funding & sales climate for our organisation and the sector so we’re reviewing our financial status month on month. However, we do have two confirmed unrestricted new funders for next year in the form of Tudor Trust who have committed £100,000 for 2026, and Legal Education Foundation who have committed £55,000 for 2026, and then £50,000 for the next 2 years thereafter. These funding wins as well as work taking part in spring of 2026 to form a new funding strategy will put us on the path towards our 3 months reserve standard.

5. FINANCIAL REVIEW

Income for 2025 has been impacted by several factors. Sales from the online modular programme were unsuccessful, leading to cancellation of its second run. As a result of late grant payments, lost or uncertain funding, and significantly reduced training and Summit ticket sales, closing income for 2025 was less than we had anticipated.

5

Anti Racist Cumbria

Report of the trustees

For the year ended 31 December 2025

Expenditure has broadly tracked forecasts, with variations reflecting reduced training activity, increased Summit-related costs, higher project and delivery expenses, system and CRM investment, and payroll growth from August onwards as the team expanded.

6. PLANS FOR THE FUTURE

Our financial plans for 2026 and beyond will be focused on securing more unrestricted funding. To be able to achieve this with our current resources, we have committed funds to pay for a consultant fundraising expert who will help us to build a robust funding strategy as well as helping us work towards multiple finding bids.

We do already have two new confirmed unrestricted funders in the form of Tudor Trust and Legal Education Foundation, and our relationship with existing funders remains strong. Esmee Fairbairn and Paul Hamyln, who currently provide us with unrestricted funding, have expressed interest in supporting us further. In terms of restricted funding, we have secured a new funder in the form of Global Fund for Children, and we have held meetings with Children in Need about their new funding pots and our continued youth work with them for 2026.

We are realistic about the financial implications of the aforementioned risks that the charity faces and as such our previous goal of being at least 40% supported by our own income streams is not currently our priority. We will continue to work on offering training and consultancy to paying clients but our focus for 2026 is to secure our position for the next 3 years enabling us the resource to then re-focus our approach for sales and income outside of funds.

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees 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.

6

Anti Racist Cumbria

Report of the trustees

For the year ended 31 December 2025

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £nil to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 26 March 2026 and signed on their behalf by

Aneela Scott - Treasurer

7

Independent examiner's report

To the trustees of

Anti Racist Cumbria

I report to the trustees on my examination of the accounts of Anti Racist Cumbria (the CIO) for the year ended 31 December 2025, which are set out on pages 9 to 22.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

Godfrey Wilson Limited also provides payroll, bookkeeping, and consultancy services to the CIO. I confirm that as a member of the ICAEW I am subject to the FRC's Revised Ethical Standard 2016, which I have applied with respect to this engagement.

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

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.

Jennifer Dickinson

Date: 26 March 2026 Jennifer Dickinson ACA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

8

Anti Racist Cumbria

Statement of financial activities

For the year ended 31 December 2025

Restricted Unrestricted
Note
£
£
Income from:
Donations
3
-
167,616
Charitable activities
4
219,266
107,317
Other trading activities
5
-
43,464
Total income
219,266
318,397
Expenditure on:
Raising funds
-
77,305
Charitable activities
166,389
309,387
Total expenditure
7
166,389
386,692
8
52,877
(68,295)
Reconciliation of funds:
Total funds brought forward
16,419
90,391
Total funds carried forward
69,296
22,096
Net income / (expenditure) and movement in
funds		 2025
Total
£
167,616
326,583
43,464
537,663
77,305
475,776
553,081
(15,418)
106,810
91,392		 2024
Total
£
152,231
104,812
1,405
258,448
78,436
183,822
262,258
(3,810)
110,620
106,810

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts.

9

Anti Racist Cumbria

Balance sheet

As at 31 December 2025

Note
Fixed assets
Tangible assets
11
Current assets
Stock
12
Debtors
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
14
Net current assets
Net assets
15
Funds
16
Restricted funds
Unrestricted funds
General funds
Total charity funds		 £
1,391
12,116
87,495
101,002
(10,932)		 2025
£
1,322
90,070
91,392
69,296
22,096
91,392		 2024
£
2,845
638
1,485
107,556
109,679
(5,714)
103,965
106,810
16,419
90,391
106,810

Approved by the trustees on 26 March 2026 and signed on their behalf by

Aneela Scott - Treasurer

10

Anti Racist Cumbria

Statement of cash flows

For the year ended 31 December 2025

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
(Increase) / decrease in stock
Increase in debtors
Increase / (decrease) in creditors
Net cash used in operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash used in investing activities
Decrease in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
(15,418)
1,523
(753)
(10,631)
5,218
(20,061)
-
-
(20,061)
107,556
87,495		 2024
£
(3,810)
1,097
1,611
(443)
(3,722)
(5,267)
(1,698)
(1,698)
(6,965)
114,521
107,556

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

11

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

1. Accounting policies

a) General information and basis of preparation

Anti Racist Cumbria is an charitable incorporated organisation registered in England and Wales. The registered office address is Suite RA01, 195-197 Wood Street, London, Greater London, E17 3NU.

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Anti Racist Cumbria meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity will continue as a going concern. The trustees recognise that general reserves are currently below the level set out in the reserves policy, however, they do not consider this to give rise to a material uncertainty regarding the charity’s ability to continue as a going concern. Accordingly, the trustees are satisfied that there are no material uncertainties that would cast significant doubt on the charity’s ability to continue in operation.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of provision of contracted services is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

12

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

1. Accounting policies (continued)

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

f) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

g) Allocation of support and governance costs

2025 2024
Raising funds 14.0% 30.0%
Charitable activities 86.0% 70.0%

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment

3 years straight line

Items of equipment are capitalised where the purchase price exceeds £500.

i) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

13

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

1. Accounting policies (continued) k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note (h) above.

14

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Other trading activities
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure) and
net movement in funds		 Restricted
£
£
-
152,231
35,125
69,687
-
1,405
35,125
223,323
-
78,436
18,706
165,116
18,706
243,552
16,419
(20,229)
Unrestricted		 Restated
2024
Total
£
152,231
104,812
1,405
258,448
78,436
183,822
262,258
(3,810)

Prior period comparative statement of financial activities has been restated to correct a casting error in the prior year accounts. There is no impact to funds.

3. Income from donations

Donations
Grants
Total income from donations		 2025
Total
£
21,616
146,000
167,616		 2024
Total
£
13,861
138,370
152,231

All income from donations in the current and prior year was unrestricted.

15

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

4. Income from charitable activities

Grants
The Phoenix Way project
Consulting and speaker fees
The Phoenix Way North East and Cumbria project
Conversation days
ARC modular programme
Power hour sessions
Total income from charitable activities
Prior period comparative:
Grants
Consulting and speaker fees
Conversation days
The Phoenix Way project
ARC modular programme
Power hour sessions
Total income from charitable activities
5.
Income from other trading activities
Event sales
Event sponsorship
Merchandise sales
Total income from other trading		 Restricted
£
£
210,818
-
-
50,402
-
44,699
8,448
-
-
7,688
-
4,116
-
412
219,266
107,317
Restricted
£
£
35,125
-
-
28,767
-
22,290
-
11,472
-
5,308
-
1,850
35,125
69,687
2025
Total
£
26,529
15,800
1,135
43,464
Unrestricted
Unrestricted		 2025
Total
£
210,818
50,402
44,699
8,448
7,688
4,116
412
326,583
2024
Total
£
35,125
28,767
22,290
11,472
5,308
1,850
104,812
2024
Total
£
1,405
-
-
1,405

All income from other trading activities in the current and prior year was unrestricted.

16

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

6. Government grants

7. Total expenditure

Total expenditure
Employment costs (note 9)
Subcontractor costs
Event expenses
Travel and subsistence
Rent
Merchandise costs
Promoting awareness
Computer software costs
Staff training
Independent examiner's fee
Accountancy fees
Depreciation
Sundry expenses
Insurance
Bank charges
Printing postage and stationery
Sub-total
Total expenditure
Allocation of support and
governance costs
The Phoenix Way North East
and Cumbria Project		 £
45,952
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
45,952
31,353
77,305
Raising
funds		 £
97,455
12,373
74,910
73,685
6,217
-
7,516
6,879
-
4,141
-
-
-
-
-
-
-
283,176
192,600
475,776
Charitable
activities		 £
95,688
79,510
-
-
22,467
11,433
-
-
4,895
-
2,790
2,777
1,523
1,250
908
600
112
223,953
(223,953)
-
Support and
governance		 £
239,095
91,883
74,910
73,685
28,684
11,433
7,516
6,879
4,895
4,141
2,790
2,777
1,523
1,250
908
600
112
2025 Total
553,081
-
553,081

Total governance costs were £4,240 (2024: £3,503)

17

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

7.
Total expenditure (continued)
Prior period comparative
Employment costs (note 9)
Subcontractor costs
Event expenses
Travel and subsistence
Rent
Promoting awareness
Merchandise costs
Accountancy fees
Sundry expenses
Computer software costs
Independent examiner's fee
Depreciation
Insurance
Other interest payable
Printing postage and stationery
Bank charges
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
38,392
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
38,392
40,044
78,436		 Charitable
activities
£
44,693
21,620
11,159
2,662
-
5,148
5,105
-
-
-
-
-
-
-
-
-
90,387
93,435
183,822		 Support and
governance
£
67,935
36,048
-
7,746
8,527
-
-
3,339
2,944
2,626
1,750
1,097
960
344
121
42
133,479
(133,479)
-		 2024 Total
£
151,020
57,668
11,159
10,408
8,527
5,148
5,105
3,339
2,944
2,626
1,750
1,097
960
344
121
42
262,258
-
262,258

18

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

8. Net movement in funds This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examiner's remuneration (excluding VAT)
Other services (excluding VAT)		 2025
£
1,523
Nil
Nil
2,325
1,208		 2024
£
1,097
Nil
Nil
1,750
1,169

In common with other charities of our size and nature we use our Independent Examiners to assist with the preparation of the financial statements. Our Independent Examiners have also provided payroll, bookkeeping, and consultancy services to the charity during the year.

9. Staff costs and numbers Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2025
£
217,026
16,771
5,298
239,095		 2024
£
136,795
11,318
2,907
151,020

No employee earned more than £60,000 during the year.

The key management personnel of the charity comprise the Trustees, Chief Executive Officer, and Director of Operations. The total employee benefits of the key management personnel were £103,802 (2024: £98,895).

Average head count 2025
No.
5		 2024
No.
3

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

19

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

11. Tangible fixed assets
Cost
At 1 January 2025 and 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
12. Stock
Merchandise
13. Debtors
Trade debtors
Other debtors
14. Creditors: amounts falling due within 1 year
Trade creditors
Accruals
Other creditors		 Computer Equipment
£
4,898
2,053
1,523
3,576
1,322
2,845
2025
2024
£
£
1,391
638
2025
2024
£
£
8,941
1,485
3,175
-
12,116
1,485
2025
2024
£
£
6,676
900
3,790
2,100
466
2,714
10,932
5,714		 Computer Equipment
£
4,898
2,053
1,523
3,576
1,322
2,845
2025
2024
£
£
1,391
638
2025
2024
£
£
8,941
1,485
3,175
-
12,116
1,485
2025
2024
£
£
6,676
900
3,790
2,100
466
2,714
10,932
5,714
2,053
1,523
3,576
1,322
2,845
2024
£
638
2024
£
1,485
-
1,485
2024
£
900
2,100
2,714
5,714

20

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

15. Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 December 2025
Prior year comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 December 2024
16. Movements in funds
Restricted funds
Francis C Scott Foundation
National Lottery Community Fund
Westmorland & Furness Council
Children in Need
Cumberland Council
Total restricted funds
Total unrestricted funds
Total funds
Cumbria Community Foundation -
youth work fund
The Phoenix Way North East and
Cumbria project
Cumbria Community Foundation -
technology fund		 £
13,044
3,375
-
-
-
-
-
-
16,419
90,391
106,810
At 1 January
2025		 £
-
69,296
-
69,296
£
-
16,419
-
16,419
£
15,000
1,984
18,140
100,000
42,000
21,250
12,444
8,448
219,266
318,397
537,663
Restricted
funds
Restricted
funds
Income		 £
1,322
31,706
(10,932)
22,096
£
2,845
93,260
(5,714)
90,391
£
(27,495)
(5,359)
(4,633)
(75,134)
(20,499)
(16,667)
(8,154)
(8,448)
(166,389)
(386,692)
(553,081)
General
funds
General
funds
Expenditure		 Total funds
£
1,322
101,002
(10,932)
91,392
Total
£
2,845
109,679
(5,714)
106,810
£
549
-
13,507
24,866
21,501
4,583
4,290
-
At 31
December
2025
69,296
22,096
91,392

21

Anti Racist Cumbria

Notes to the financial statements

For the year ended 31 December 2025

16. Movements in funds (continued) Purposes of restricted funds Francis C Scott Foundation

Funding for Grass Roots youth specific projects.

Cumbria Community Foundation - Bedrock Fund for Beacon CRM system & OWL meeting technology fund systems, to help with remote working and Firbus tech fund for iPads and accessories for youth club use.

Cumbria Community Foundation - youth work fund

Better Tomorrows Fund specifically for youth work.

National Lottery Community Fund Project pilot for community work. Westmorland & Furness Council Salary for an Anti Racist Education Lead. Children in Need Funding and contributions towards youth projects and activities. Cumberland Council UK Shared Fund for volunteer and

Cumberland Council UK Shared Prosperity Fund for volunteer support and operational costs. The Phoenix Way North East and Funding to support staff costs during the set up of The Cumbria project Phoenix Way North East and Cumbria.

Prior year comparative

Prior year comparative
Restricted funds
Lake District Foundation
Children in Need
Total restricted funds
Total unrestricted funds
Total funds
Francis C
Cumbria		 £
-
-
-
-
-
110,620
110,620
At 1 January
2024		 £
2,000
10,625
17,500
5,000
35,125
223,323
258,448
Income		 £
(2,000)
(10,625)
(4,456)
(1,625)
(18,706)
(243,552)
(262,258)
Expenditure		 £
-
-
13,044
3,375
At 31
December
2024
16,419
90,391
106,810

17. Related party transactions

There were no related party transactions in the current or prior period.

22

Jennifer Dickinson ACA Godfrey Wilson Limited Chartered Accountants & Statutory Auditors 5[th] Floor Mariner House 62 Prince Street Bristol BS1 4QD

26 March 2026

Dear Jennifer,

Letter of Representations on the Financial Statements for the Year Ended 31 December 2025

We confirm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you:

  1. We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 5 December 2025, under the Charities Act 2011 for preparing financial statements, in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts for the year ended 31 December 2025.

  1. We confirm that all accounting records have been made available to you for the purpose of your examination, in accordance with your terms of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees’ and members’ meetings, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain evidence and have provided any additional information that you have requested for the purposes of your examination.

  2. We confirm the charity has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements.

  3. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. We confirm that we have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

  4. We confirm that the charity has no liabilities or contingent liabilities other than those disclosed in the financial statements.

  5. We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework.

  6. We confirm that there have been no events since the balance sheet date which require disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.

  7. We confirm that we are aware that a related party of the charity is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the charity or vice versa and as a result will include: trustees, other key management, close family and other business interests of the previous. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework.

  8. We confirm that the charity neither had, at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including advances and credits granted by the charity) for trustees, nor provided guarantees of any kind on behalf of the trustees except as disclosed in the financial statements.

  9. We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements.

  10. We confirm that the charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.

  11. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity’s ability to conduct its activities, except as explained to you and as disclosed in the financial statements.

  12. We acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the organisation. There have been no deficiencies in internal control of which we are aware.

  13. We confirm that there have been no actual or suspected instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by trustees, former trustees, employees, former employees, regulators or others.

  14. We confirm that, in our opinion, the charity’s financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, and have considered a period of at least one year from the date on which the financial statements will be approved.

  15. We confirm that in our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole.

  16. We confirm that we are not aware of any matters of material significance that should be reported to regulators. We confirm that all correspondence with the Charity Commission has been made available to you.

  17. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.

Yours sincerely

Aneela Scott - Treasurer For and on behalf of the trustees of Anti Racist Cumbria