REGESTERED COMPANY I¥UMBEIL. CE032568 (EnglaDd and Wales) REGISTERED CHARrfY NUMBER: 1203456 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEI¥TS FOR THE YEAR ENDED 31ST MARCH 21124 FOR BIRMINGHAM RACE IMPACT GROUP CTT Accountancy Ltd Gables House 62 Kenilworth Road Leamington Spa Watwickshire CV32 6JX
BIRMINGHAM RACE IMPACT GROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 P*%e RepDrt of the Trustees Independent Ex8Thiner'$ Rtport Statement of FiDan¢lal Attivltl¢$ Balance Sheet 9 to 10 Notes to the Finanelai Statements 11 to 13 Detailed Statement of FillaD¢l Aetivltles 14
BIRNIINGHAM RACE IMPACT GROUP REPORT OF THE TRUSTEES FOR THE YEAR ETr4DED 31ST MARCH 2024 Th¢ trustees who atr also directors of the eharity for the pp0 of the Con]panies Ac¢ 2006. pre8Cllt their report with the financial stat¢ments of the charity for the year ended 31si MaT¢h 2024. Th¢ trustees have adopted th¢ provisions of Accounting and Rryrting by Charities: Statement of Recon)mended Practice applicable to clwities preparing their acwunts in accordante with the Financial Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102) {effective l January 2019). STRUCTURE, GOVERNAIYCE AND MANAGEMENT Governlllg document The charity is controlled by its governing documenL a deed of tr$( and eonstitutes a limited company. limited by guarantee, a5 defined by the Con)panies Act 2006. REFERENCE AND ADMINISTRATTVE DETAILS Registered Company number CE032568 (England and Wales) Registered Cbarlty nmber 1203456 Reglstered offi¢e 104 The Z£llig Building Cu$tArd Factory Gibb Street Birn]ingham B9 4AT Trnstees J Johal R Sondhi Ms S Harper Nun¢s Independent Eiamither CTT Accoun¢ancy Ltd Gabl¢s House 62 KeDilwortb Road Lea]nington Spa CV32 6JX Page I
BIRMINGHAM RACE IMPACT GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2(124 THE BRIG JOURNEY. A STRONG START BIUG is a respnse to the systemic rneism our communilies and SOCAety continue to ¢ndure. We emerged out of the 4th June 2020 Birniingham Black Lives Matter protryt outcry of 5000 strong young people and famili¢s. The call to action denwided change and accountability lor cumulative impact and corLsequ¢nw of the rncism we experi¢n¢e4 and the lack of prospects afforded to our ¢ommullities. The need for urgenl sustained aclion to addressing societal, structtwal, instithtional and culturnl racism in th¢ eity, and across the regio is not simply a r¢aotlOD to Birniingham now being the most diverse minority rnajority e&ty {51.4ty/0 of colour) wilh up to 70Vo of its school pupils being of colour, bui that every citizen has to experience a dignity free from th¢ fdcism tbat both discriminates and kills, in order to access opportunities on an equitsble basis. Our cultural )bTinging is inter-woven with the lived exE>erience of the racism we faced, but this does have lo be the case for tre generntioLs tbat will be th¢ custodlans of our city and regio We bec4m¢ a wlle¢tive of proud citizens of Birmingkn with liv¢d experience of racism, who set about to create and live in an anti-rdcist city. Ouroverall viston ty make Birn)ingham the f]rst atiti-racist city in the UK with a mission that: . Ke¢ps race on the agenda. - Pa&8 the baton on the next and fimwe generations. - Ilolds institutions io account for fulfilling their slatutory, ornI. and ¢ivi¢ r¢&ponsibi]ities. We constited as a non-profit on 5th May 2021 and launched on 12th July 2021 on the 40th Anniversary of the 1981 Hatmlsworth UprAsings. W¢ obtained Charithble status &5 a Charitsbie. Incorporat¢ Orgatiisation (CIO) on 7th Jull¢ 2023. Tbree years on frorn its inception, the need to ¢xist for BIUG has never been more keenly felt. Claims that illstittltional racis is dead is contradicted by one official report afier another thai uncovers the continuing exisience of widespread and deq)ly rooted rncist (as well as s¢xist and homophobic), policies and prdctices, cultures and behaviours in every part of civil society. Recent investigations into th¢ police, fire seryice. universities, sport, civil service, the NHS. local governmeni and even in th¢ corridors of power in Whitehall and Westsninster, rev¢al that the and lbjreS of contempornry Britain are as shot through with racist sentiments they were in imperial times. In th¢ face of such oYenvh¢kniD8 evidence, BRIG remaiDs even more comnllttcd to exposing and dealing with racial injustices wherever tbey exist. The 1&8t year has seen a prodigious growth in BRIG'S activities designed to hold to aceounl all those who ar¢ in powerfid and responsible positions. Our limited resourees are inversely proportional to our absolu¢¢ ¢OJDmitmenL dedication ond resolve. Over the last y¢Ar, BRIG has initiated and ¢o-produced an arrdy of discusslon groups. sernin and mini.summits and has held numerous ThCtIngs with decision mak¢rs in posiuons of pow¢r alld infiuence. In all such encounters we have off¢rd l)oth challenge and support in equal meaw. I. BIUG RACE EQUALrrY i Eourry ECOSYSTEM To aid the ¢reati¢)n of an auti-racist City BRJG d¢v¢10d a Race Equality l Equity Ecosystem. Race Equality being the goal atd race equity the process by which it is achieved. The components of this being tbe 'BIUG Race Equality Manifesto, underpiDllin8 the anti-ra¢ist city and the Birn]ingham 10 Year Race Equality Delivery Plan, nhaking 1¢ happen. Key to the desired change is the development of themati¢ summits delivering position papers f¢eding in their three respective recomnmdations into the 10 Year Plan. Thereof. progress is monitored via repeating bi.8mknl thematic SUD]rnits. rring ¢be last year the following activities took place in d¢veloping and enhancing the ecosystem. And-R8elst Clty: Declaring yourself &$ an anti-ractst city 11 not sinhply deliver it It must be vlsioned and have a mechanism to make it happen. The starting p)int 18 understsllding and def]nin8 the anti-rncist cultur¢ 8ou8ht led by those impacted by racism. Pag¢ 2
BIRMINGHAM RACE IMPACT GROUP REPORT OF THE TRUSTEES FOR THE ETr4DED 31ST MARCH 2024 BRIG has now comrnenced th¢ d¢v¢lopmellt of all'Anti-Racist P]aces Frdtnework, {ARPFI with the $upwrt of the West Midlon(ts Cornbilled Autbority Independent R¢ Equality Taskforce. The draft ARPF be explored and refined through ¢on]Jnunities and ¢ros8 instithtional W0pS throughout 2024125. BRIG will also host an Anti-Racist City Summit in partiwthp with the University of Bitmingbam in 2025 as part of their 125th Anniversary celebrations of bemg a civic university. We want to ensure that delivering an anti-racist city'is eVerybodS responsil)il1, and ih151ve of oll stakeholdeTS and con]munities. It is crucial that w¢ gre all on this journey together. The BSrmlngbaJn Race Equality Manlfe8to: The fjrst review of the manifcsto took place on 25th May 2023 with a subsequent progress Teport killg produced for the various agencies engaged. The City Council's adoption of the manif¢stO is still outstanding. BRIG continue to ¢ngage with th¢ City Couucil to fommlly adopt it through full councAI. The nmnifesto has been fornwlly adopted by the Birmingham and Solihull Integrated Care Board {BSol ICB), as well as other agenci¢s iti the city taking forward key elernents of il. Bsol ICB have n(Trw asked all NHS TntS in their system lo adopt the Race Code and take on tbe Three-year Board Challenge to eLsure representstion. We aim lo r¢fr¢sh the matjtfesto at the next BRIG Sullllnit b1-atUal summiL heduled for October 2024. 10 Ye4r Binnlngham Raee Eq1]ity Dellvtry Plan WoTk on the 10 Year plan continued throughout l&st year in constclIng the most conducive fOrnt to prwttt thi inclwoiie of thematic position papers recommendalions and targets. A 10 Year Plan template has been produc¢d for thematie position papers to summaries their fjndings and calls for a¢tiOlL We will be seeking dis¢ussion with the Birniingham City Partn¢ryhip as th the role they may potentially play in the developmenL adoption and I1¢mentatiOn of the 10 Year Plan. BIUG SuDunlts and Posltlon Papers We still aim lo ¢otDpl¢¢e all key thentiC positioD papers (Criminal Justice, Education, Ery101, Health and Housing) fteding into the 10 Year Plan prior to next BBJG Summit (Octokn 2024). The final Housing Summit took pia¢e on 15th June 2023. There have been several additional summits including for the Voluntary, cOllnuDity. Faith and Social Entetprise Sector (Birniingham Volulltary Services cow11) and Further Education (Bmet and South attd City Colleges). Both bave produced ex¢ellenl position papers and cojnpleted their 10 Year Plan ten]plates. Ther¢ 1$ a Sports Position Paper in PTep8ration following the initiyl Sports Sun]mit Evaluating th¢ Cornmonwealth Games held in Septankn 2023. The Sports Pgsition P4)er will go io the next Sports Race Sumjnii on 10th September 2024. Bsol ICB are conunended for continuing to hosi their Amiual BIUG Health Sun)mit which assess the 17 pledges they made at the&r 2022 summit. Thematic wnuniLs held for Environment & Climate Change and WonM bave pledged to produc¢ their position papers soon. BirD]in8haTn Trade Unions have also pledged to host a summit. 2. BRIG STRUCTURE BRIG'S has a twste¢ lead (3) govemance stN¢ture with an appointed Board 112), inclusive of the CIO trustees. At the AGM a rther 3 Board memb¢rs will be graduated as twstees of the CIO. We will continue to develop and recrnit young peopl¢ to the Board through our'Pw the Baton, activities. Th¢ work of BRIG'S two SU groups b&$ pro. Page 3
BIRMINGHAM RACE IMPACT GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 21124 - The Metries Group has develi>p¢d a partnetship with The City Observatoty (Bimiingham) to develop a Race Disparitie5 Dashboard, (RDD) covering a rdnge of th¢matic E&s, inclusive of criminal justice. education, ernploynMiL health, housing. transwTrrtation and leadership. We hosted variow thematic discussion sessions to d¢t¢tmine the relevant metrics that would popula the dashboard. Th¢ RDD will be launched at th¢ 2024 BIUG Summit. The AGademic Review Panel is in transition to focusing on BRIG'S aCtitieS with the city and regional university sectt)r. Our aim remains to develop and promote a, City and Regional Univ¢r5ilies Race Equity Compact that britigs the expertise and capacity of universities to tsckle racism in their localities. tring th¢ next year we will conduct a r¢vi¢w of our structure and assw its fitr¢8s for BRIG'S evolving activities and growth. This will in¢lude the development of a regional structure linked to the work of national organisations (Runnytnede Tn1, Black Equity Or8anisation and the Alliance for Police Aceountability}. 3. PROJEcf AcfiviTIES The following project a¢tiviti¢$ have commenced and been S¢CUTed during the last year: - Who Am I: Is a y¢arlong Awards for All young peoples mixed heritage id¢ntiti¢s project cxploArd through workshops, art and discussions with inspirational speakers in safe spaces. - Seektng the Pioneers - Race History Detectives: Has been secwed as a 2-y¢ar National Heritage Lottery Project completing in March 2026. It will see the develOpnlt ot] an anli-racist linline from the 194(Is to dat¢ presented on an snteractive web platforni and the training ljf young rdce history detectiv¢s, who will go on to fill gaps in th¢ timeline. The project provides BRIG with a Heritage OtTicer ond a Media Communication's Officer. - Bim)ingham 3 Year Board ChaliJge.' In partsiership with Karl George'y (RSM) Race C(th a virtual launch of the 3 Year Board Challenge got place on 7th Febnjary 2024 as part of Race Equality Week Th¢ ¢hallenge has been adopt by all adOpts of the Race Code and rolled out to NHS Tnts in the Bsol ICB system. The first progr¢yg report back will b¢ ready for Race Equality W¢¢k (F¢bruary) 2025. - Pass the Baton Anti-Racist Fesuval.. Ill partnerbhip with Bmet and South & City Colleges work experience students were ¢Dgaged to develop, promote and stage the'Pass the Baton, inaugurdl festivdl. The festival took place ¢)n 25th May attracting colleges and whotsls, providing a solid bas¢ to grow the annual festival. - P0r of the Black Vote l Black Britain's Mandate: Funded by th¢ Black Equity Organisation and Operation Black Vote, BRIG developed a media campaign wgeted at yOllll8 people to iKth register to vote for the 2024 General Elwtion and participate in the creation of Black Britain's Mandate, to hold the Goverment to account. We ¢ommissioned young poets and young people to knst'Power of the Black Vote, (16th May 2024) alld subsequently the'operdtion Black Vote Hustings, {26th June 2024). Futhre Projrft Aetlvlties for 2024126 include.. - MX60 Season: 60th Anniversari of Malcoim X vlsit to Sm¢thwiek in 1965. The season will from UK Black History Month (BHM) October 2024 (1964 Sm¢thwiek's rncisi election) to February 2025 USA BHM. - BRIG Bi-Annual Summit 2024 . Wha¢s Changed?: 30th O¢tob¢r 2024 in parnership with Birniingham City University and supportcd by West Midlands Combin¢d Authority. - Deeolonising Education Empowernient Project (DEEP): Supporting DEEP'S Birn)ingham Case Study regearchillg the education 5ySterns failure for BlacL Asian and White Working Class pupils. - Birniingbam Intergenerational Race A&%embly- Febnwy 2024: ltiitiated by the journalist Gary Young¢ supported by th¢ Esmée Fairbairn Foundation. - Anti-R8cist City Summit 2025: tn pareI)Ip wlth the University of Birnhin - Pass the Baton Festival 2025.. Lead by Bmet and South and City Colleges - Launch of S¢¢king the Pioneers Website and Exhibitions 2024- 2026 Page 4
BIRMINGHAM RACE IMPACT GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 21124 - An11-R]St tkadership: Engaging civil and civi¢ $o¢iety leaders in delivering anti-iSnt - BRIG Young.. Developing a young anli-raeist activist gro for the city and region. Over the lasr nvo years BRIG has been increasing approached to tske on it1VidUal cases of racial discriminatio Though we have provided advie¢ to tbose who have approached us, don't have neither the Capacity nor the r¢8our¢e to undertake casework Going fonvard we will need to assess what advice is CUendY available to support cases of racism with the view of potentially seeking resour¢es to addr¢&s this. 4. DEVELOPING OUR BUSINESS BRIG sin¢¢ its inception has been incubated by Punch Records, fjrst through a memoralldum of understanding INoYember 2020) ayKI then a Service Level Agreement though the £50K 2-year {2022124) pump priming support from the Barrow Cadbury Trust and a fvrther £20K (2024125) as a transition bridging grant to securing our own operational b. We are grdtefLd and indebted to EKTrth Punch R¢¢ord8 and the Barrow Cadbury Tnt for providing us stsbtlity to BEUG been explorin8 various options for its activities during the year. inclusive of tendering for the Friends of the Earth Warehouse Café (Alison Street, Digbeth, Birmingham). We went on to be successful in being avthed the *nder. A fidl business case has been developed and approved by the BRIG Board (24th June 2024}. The BIUG Café will allow income generation through the café operation, space hirt. kitchen hire ynd development of grant filled project activities within the space. The 2-year HLF Project {£243K) will be based at the Caf& Furtber fimding is in the Pr¢88 of being applied for, ilusIVe of Esmée Faithirn Foundation (£150K) for infrastru¢tur¢ support al National Lottery Community Fund (£300K) for our the Baton, aciivities bringing young p&iple together from across communiti¢s. The anttual development 8pOrt of £IOK respeciively from Bsol ICB attd West Midlands Police and Crime Commission¢r ¢olltinue to be invaluable for mainlaintng our operational base. The continued support from West Midlands Combined Authority for the BRIG Bi-Anllual Summits and commi%8konin8 of the'Anti-Racist Places Framewo is welcomed wnd appre¢iated. STATEMENT OF DIRECTORS, RESPONSIBILrriES The directors are responsible for PTeparing the Directors, Report and the financial statements in aordanCe with applR¢¥ble law and regulations. Company law requires tb¢ directors to prepare fllwA¢ial stat¢ments for eacb fmancial year. Under that law the directo have elected io prep8Je the fitwicial Stat¢nlts in accordance with Unit¢d KiD8doJn Generally Ac£epted Accounting PTa¢ti¢e (United Kingdom Accounting Standards and appli¢abi- law), including Financial Reporting Stsndard 102 Th¢ Finat]cial Reporting Standard applicable in the UK and RUbliC of Ireland,. Under company law the directors must not approve the financial statement8 unless they are satisfied that tTr give a true attd fair Vlew of the stste of affairs of tbe cornpany and of the surplus or deficit of th¢ company for that period. In preparitig these financial statements, the direc are required to: - se11 suitable accounting policies and then apply them consistently. - make judgements and accounting estimates that ar¢ reasonable and paudent. - prepare the financial statements on the going concern basis lesS it is inappropriate to presume that the company WAII continue iti busine&s. The directors are responsible for keeping adequat¢ a¢¢owiting records that are sutTi¢ient to show and explain the CompanS trallsacuons and th'sclose with reasonable accura¢y at any time the fancial position of the ¢onwany and enable thern to enyure that the fjnancial statements collyly with the Companies Act 2006. They are also resw>nsible foT safeguarding the assets of the compally and hence for taking reasonable steps for the prevention aDd detection of fraud and other irregularlties. Page 5
BIRMINGHAM RACE IMPAcf GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Approved by ord¢r of the board of tnLStees on . and siglled on its behalf by: J Johal - Trst¢¢ Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIRMINGHAM RACE IMPACT GROUP Ind¢p¢Ddent ex•mlner's repDrt to the trM8tees of Btrmillgham Race ljnp4¢t Group ('the Company,) I rqx)rt to the clwity tNSte ott my exami]tion of the accounts of the Company foT the year ended 31st March 2024. Responsibilities ba%i% of report A5 the Ctwitys tsustees of the Company (and also its diTect¢)TS for the purposes of company law) you are re4)otwl)le for the preparation of the accotsnts in accordan¢¢ with the requirements of the Compani¢5 Act 2006 ('the 2006 Act). Havitig satisfied myself that the accounts of the Company are n(Trt required to be audited under Part 16 of the 2006 Act and are eligible for illdqTrendent examinatio I report ID respect of my ¢xomination of your ChlS accounts as ¢aTri¢d out under Section 145 of th¢ Charities Act 2011 {'the 2011 Act,). tn carrying Out my examination I have followed the Directions given by the ChaTity Commission under Section 145(5) (b) of the 2011 ACL Independent examlner's st*tement T have ¢ompleted my examination. J confmn that no matters bave com¢ to my attention in connectioo the examinaiion giving me cause to believe: ac¢ountirtg records were not kept in respect of the Conwany as required by Se¢tion 386 of the 2(K)6 A¢t.' or the accounts do not accord with those records" or the accounts do not Comply with the accounting requirem¢Dts of Sectaon 396 of the 2006 Act other than any r¢quirement that the accounts give a tru¢ and fair view wthicb is not a nutt¢r cojjsidered as part of an indep¢nd¢ot examinati or the accounis have not been prepared in accoTdanc¢ ryth the methods and prit]ciples of the Sthtement of R¢Comended Practice for accounting and rewrting by clwities (applicable to charities preparlng th'r arxow in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)). I have no wn¢¢rng and have come acro&8 no oth¢r matters in connection with th¢ ¢xarnitiation to which attention thould be drawn in this Teport in order to enable a proper understanding of the accounts to be rea¢h¢d. Amy O'Ke¢ff¢ FCCA CTT A¢wulltaTLCy Ltd Gables Hous¢ 62 Kenilworth Road Leamington Spa Warwicksbir¢ CV32 6JX Date.. 11- ll - ZoZ¢&.-... Page 7
BIRMINGHAM RACE IMPACT GROUP STATEMENT OF FINANCIAL AcfIviTIES FOR THE YEAR ENDED 31ST MARCH 2024 PERIOD 2.6.21 TO 31J.23 Tot] funds YEAR ENDED 31J.24 TotAI fuDd8 Unr¢8trlcted fund Re8trlcted fund Notes INCOME AND ENDOWMENTS FROM Donations al legacies 5,025 5.025 2,483 Chrltable aetlvldes Grants 20,000 45.703 65,703 88.699 Total 25.025 45,703 70,728 91,182 EXPENDrfuRE ON Charitable 8¢tlvRtle8 Grants {1,400) 45.703 44.303 83,177 Other 10.559 10,559 4,157 Total 9,159 45,703 54.862 87,334 LYET IP4COME 15,866 15.866 3,848 RECONCILIATION OF FUNDS Tothl fid8 brought forward 3,848 3,848 TOTAL FUNDS CARRIED FORWARD 19.714 19,714 3,848 The not¢s form part of these financial statetnents Page 8
BIRMINGHAM RACE IMPACT GROUP BALANCE SHEET 31ST MARCH 2024 313.24 Total funds 31J.23 Total funds Unrestrleted Restrleted fumd fund Notes CURRENT ASSETS Debtors Cagh at bank 11.41K) 10.397 11.400 31,311 20,914 16,848 20,914 21.797 42.711 16,848 CREDITORS ArAounts falling due within on¢ year (1200) (21,797) (22.997) (13,000) NET CURRENT ASSETS 19.714 19,714 3,848 TOTAL ASSETS LESS CURREwr LIABILITIES 19,714 19.714 3,848 NET ASSETS 19.714 19,714 3.848 FUNDS Unrestricted funds 19,714 3,848 TOTAL FUNDS 19,714 3,848 The charithble company is eniitled to exemption from audit und¢r Section 477 of the C¢)mpaDie5 Act 2006 for th¢ year ended 31st March 2024. The nMberS have not required the company to obtsin all audit of its fllwKial sta¢ern¢nts for the year ended 31st March 2024 in accordance with Seetion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable ¢ompany keeps accounting records that con)ply with Sections 386 and 387 of the Companies Act 2006 and prq)aring fjnancial statements which give a true and fair view of th¢ gt2te of affairs of the ¢haritable company at the end of each financial year and of its sluS or deficit for each fuwi¢ial year in accord¢ with the requirements of Sectiot]s 394 and 395 and which otherwise comply with the requir¢m¢nts of the Companies Act 2006 relating to fmancial statements, so faT as applieable to the charitabl¢ eompany. (b) The notes forni part of these fItn¢la1 Stht¢ttXts Pag¢ 9 continued...
BIRMINGHAM RACE IMPACT GROUP BALANCE SHEET- contlllued 31ST MARCH 2024 These fLa1 ststements hav¢ been prepared in acwrdatt¢¢ with the PTOViSiODS applicable to cljaritable companies subject tt> the small companies regirn¢. The fula1 statemertts were approved by th¢ Board of Tntee9 and authorised for issue on ..I.I.-..I.L.-..£U X¥t.. ...... and were signed on its behalf by: J Johal- Tnlee R Sondbi- Ttvsttt The notes forn) part of these fjnawtal statements Page 10
BIRMINGHAM RACE IMPACT GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES B8siy of preparlng the finaDci815tatements The financial slatements of the charithble comparty, whieh is a publi¢ b¢n¢fi¢ entity under FRS 102. have prq)ared in accordan¢e with the Charities SORP IFRS 102) 'Accounting aDd Reporting by Charities.. Statement of Reconllllended Practi¢¢ applicable to clmrities preparing their accounts in OrdanCe with the Financial Reporting Standard applicable in the UK and Rq)ublic of Ireland (FRS 102) (effective l jan 2019),, FiDaucial Reporting Standard 102 The Financial Reporting Sthndard applicable in the UK Republic of treland, and tbe Con)panies Act 2006. The fillaDcial statements hav¢ been prepared under the historical cost conveniioJL Income All income is recognised ID tbe Statement of Financial A¢tivities once the charity has ¢ntiti¢m¢nt to the funds, it is probable that the income Thill be Troeiyed and the amount Can be Meas reliably. Exptndlture Liabilities are recognised as expendItte 85 swn as there is a legal or ¢oJJstruetive obligation committtn8 the charity to that expenditUTe, it is probable that a transfer of economic benefits 111 be r¢quired in sett]ement and tbe allllt of the obligation can be measured reliably. Expenditure is accounied for on an ac¢nwls basis and has been Classified under headings that aggr¢gate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consist¢nt with the use of r¢sources. Txtlon The ¢haTity 18 ¢xenJpt from Cooration tax on its clwitable activiti¢s. Flld AeeouDtlllg Unrestricted funds ¢an be used in accordanrx with the charitable objectiv¢s at the dlscretion of the trustees. Restricted fimds Can only be used for particular restricted purpoges within the objects of th¢ charity. Restrictions arise when specified by the donor or when funds ore raised for particular rtstricted pun)oses. Further explanation of the nature and purpose of each fund is in¢luded in the notes to the financiaI statements. TRUSTEES, REMUNERATION AND BEf4EFITS There were no lrystees, remutlatiOll or other knefits for the year ended 318t March 2024 nor for the period ended 31st Mah 2023. Trustees, expenses There were no les, expenses paid for tbe year ended 31st March 2024 nor for the period ended 3 1st MaTch 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivTfiES UDrestrlcted R¢8tr1eted fund flllld Total fwids II¥COME AND EL¥DOWMENTS FROM Donations and l¢gacie5 2,483 2.483 Ch*rit4bl¢ 4¢dvlde8 Grants 6200 82,499 88,699 Totsl 8,683 82,499 91.182 EXPENDITURE ON Page 11 continued...
BIRMINGHAM RACE IMPACT GROUP NOTES TO THE FINANCLIL STATEMENTS- coDtlnu¢d FOR THE YEAR ENDED 31ST MARCH 2024 COMPARATIVES FOR THE STATEMEN.T OF FINAN.CIAL ACTIVITIES- eontiDued Unrestrleted Restricted fund fuDd Total funds Charltabl¢ a¢tivitie8 678 82.499 83.177 4,157 4,157 Tot 4,835 82,499 87,334 NET INCOME 3.848 3.848 TOTAL FUNDS CARRIED FORWARD 3.848 3,848 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31Ja4 31J.23 Prepayinents and a¢¢rned income 11.400 cREDORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 31Ja4 31J.23 ACcnlS a1 deferred illcome 22,997 13.000 MOVEMEI¥T IL¥ FUNDS Net movement in funds At 31.3.24 At IA.23 UDre5trieted fllnds General fund 3,848 15.866 19,714 TOTAL FUNDS 3,848 15,866 19.714 Net movement in funds, included iti tbe aknve are &s follows.. Incoming Rewurces expended Movement iD fundy Uttreltrieted fund8 General fimd 25,025 {9,159) 15,866 Restricted futtds Restricted fund 45,703 (45,703) TOTAL FUNDS 70,728 {54,862) 15,866 Page 12 ¢ontinued...
BIRMINGHAM RACE IMPACT GROUP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 MOVEMENT IN FUNDS- Continued Comp•rativtt for movement in funds Net movtment In funds At 31J.23 Unrestrlcted funds G¢n¢rdl fillml 3,848 3,848 TOTAL FUNDS 3,848 3,848 con1patiVe net movement in fimds, included in the above are &s follows.. Incoming resourees Resourees expended Movement in fund8 Unres¢Tlcted fwids General fill 8.683 (4,835) 3.848 Regtrlcted funds Restricted fithd 82,499 (82,499) TOTAL FUNDS 91,182 (87,334) 3,848 RELAI'ED PARTY DISCLOSURES There were no related party transa¢tions for the year ended 31st Mar¢h 2024. Page 13
BIRMINGHAM RACE IMPACT GROUP DETAILED STATEMENT OF FINAI¥CIAL AcfivITIES FOR THE YEAR ENDED 31ST MARCH 2024 PERIOD 2.6.21 TO 31J.23 YEAR ENDED 31J.24 INCOME AND ENDOWMENTS Donations and legacies Donations 5.025 2.483 Charfitable aetlvitles Grants 65.703 88,699 Total IDeOn£ reyour¢es 70.728 91,182 ExPENDURE Charitable a¢tiwitie% Project Costs 44,303 83,177 Support costs Mall¥JgemeDt Adertising Profrssional charge8 500 7,300 2.501 7,800 2,501 Finau¢¢ Bank Charges 72 126 Human resource 412 1,075 330 Sulldn'es 1,487 330 Governance costs Acci)untancy and legal f¢¢8 1200 1.2(X) Tothi resovrces expended 54,862 87,334 Net income 15,866 3,848 This page does not forn) part of the statutory fiDaDcial statements Pag¢ 14