Company registr3tlon number: 00601929 Charity re8lstration number.. 223989 The Institute of Race Relations IA company Ilmited by guaranteè) Annual Report and Flnancial statements for the Year Ended 31 March 2024 Field Sulllvan Llmited 9 Hare & Billet Road Blackheath London SE3 ORB. The Instltute of Race Relatlons Content5 Reference and Administrative Details Trustees, Report 2to9 Independent Examlner's Report Iotoll Statement of Flnanclal Actlvitles 12 8alance Sheet 13to14 Notes to the Financial Statements 15to27 The Institute of Race Relatlons Reference and Adminlstratlve Detalls Trustees Samuel Berksgn Lee 8rldges Eddie Bruce-jones Jonathan Burnett Rebekah Delsol David Edgar Gholam Khlabanv Joseph Maggs, Vlce Chalr John Narayan, Chalr lasblndeT Nijjar Colin Prescod Neha Shah Frances Webber Secretary Anya Edmond-Pettitt Charlty RegistratSon Number 223989 Company Registratlon Number 00601929 The charlty Is Incorporated In England & Wales. 28 Charles Square London NI 6HT Registered Offlce Independent Examlher Field Sullivan Llmlted 9 Haie & Billet Road Blackheath London SE3 ORB Pa88 1 The Instltute of Rate Relations Trustees, Report The trustees, who are dlrectors for the purposes ol company law. present the annual report together with the flnanclal statements and auditors, report of the charltable company lor the year ended 31 March 2024. This15 a directors, report required by s417 of the Companie5 Act 2006 and all trustees are dlrectors. The Ilnanclal statements comply wlth current statutory requirements and the requlrement5 of the Memorandum and Artlcles of the Assoclatlon. The Institute of Race Relatlons was lovnded as an Independent body and educational charSty In 1958. It had Its origln in the knowledge that race relatlons had become 3 fundamental factor throughout rnuch of human soclety and that these relations deserved separate and searchln8 Study. TTU5tee5 and offlcers The trustees and officers servlng during the year and since the year end were as follows.. Trustees.. Samuel Berkson Lee Brldges Eddie Bruce-jones Anthony Bunyan (resigned 31 December 20231 jonathan Burnett Sue Conlan Ireslgned 31 December 20231 Rebekah Delsol David Edgar Gholam Khlabany joseph Maggs, Vice Chalr John Narayan, Chair lasbinder Niii3r Colin Prescod Neha Sh3h13ppolnted l January 20241 Frances Webber Secretary.. Anya Edmond-pettltt TRUSTEES, REPORT The trustees present their report and the financial statements foi the year ended 31 March 2024. This is a dlrecrors, report requlred by 5417 of the Companies Act 2006 and all trustee5 are directors. The financi31 statements tomply with current statutory requirements and rhe requlrements of the Memorandum and Articles ol the Assoclation. The Institute ol Race Relation5 W35 founded as an Sndependent body and educational charlty In 1958. It had Its orlgln In the knowledge that race relations h8d becorne a fundafflental factor throughout much of human society and that these relations deserved 5epèrate arTrd searchlng studv. Page 2 The Instltute of Race Relations Trustee5' Report AIM5AND OBJECTIVE5 The main objectlves ol the Cornpany are,, To promote the study of the relatlons between groups racially deflned, and the clrcumstances Sn whlch thev I￿ve and work,. • To make available informatlon on race to different groups and to g￿e advlce on proposals for improving relations. It carries out its educatlonal roles through ￿Search, publishlnsi exchan8ing and disseminatlng Inforrnalion. MOST OF IRR'S informatlon 3nd publishing is now electronic and reports are In many cases available 35 free downloadable flle5 from the web51te. IRR News Is a fortnightly onllne publlcatlon th3t includes a European-wide collation of happenings across a range of15syes relatlng to migratlon, refugees and state and popular racism. A fully searchable database of IRR News. calendar coverage since 2014 is avallable in the Register ol Racism and Resistance. In addition, IRR produces the Internatlonal quarterly journal Roce & Closs also In prlnt lorrn3t, occaslonal reports and brleflns papers and has a back file of print materials avallable lor Use in educètlon and training. Educatlonal rnaterials are downloadable from the website, anLI the DVDS Struggles for 8luck Communlty and Cotching History on the Wing a￿ a150 3V3ilable. IRR'S library of books, journals and pamphlet5. known as the Slvanandan Collection, has moved to the University ol Warwlck,. its B13ck History Collectlon of leaflets, pamphlets and journals on the UK from the 1950s to the1980s is available to consult èt The London Metropolitan Archives. The organisation also holds occasional rneetin8s, semln3r5, workshops and conferences and staff and Trustees frequently ¢ontrlbute to those ol othEr organlsatlons. Mlsslon and values IRR envision5 3 world wlthout chains where peLiple are no longer shackled by racism, colonlalism and Imperlalism,. and transnatlonal solidarlty, cooperatlon and respect are a way of1Sfe, Its MI￿50n is to educate, Inform and influence people across society to establSsh a solidarity culture and ensure anti-racism Is recogni5ed as 3 core organ15ing principle, so that the vlolence ol raclsm Is ellmlnated. • IRR adhere5 to the followSng'. we think in order to do,. we provlde a place of record,. we connect Causes, we are internationalist,. we See racism a5 Structtsral,. we defend anti-racism. REPORT FROM THE CHAIR Thi5 hzs been, in more ways than one, 3 tr8n5form8tive year for the IRR. Durlng 2023 it became clear to Trustees that for Ilnancial and strategi¢ reasons there was a need to rethlnk how best to carry the actiwitles ol the charity forward and in wh3t form. Fund5 were not the foreseeable future av311able to both meet stall salarles pay for the upkeep of the IRR'S freehold buildlng at Leeke Street, purchased In the early 1980s, and in need ol refurb15hrnent. This necessitated some deep thinking 3nd discusslon, includlng a brainstormlng awayday in O¢tobeT 2023. Following thls ènd discusslon as to whether to sell part ol the PToperty or fact immediately buy a srnaller one, it was declded against such options and. In5te3d. to try to sell the building, move to much smaller serviced offlces lon a rerital baslsl, keeping core and the most important and most used setvice$ 80ing. The building was sold in August 2024 and In May the IRR staff had moved to 28 Charles Squ3re, London Nl 6HT. Page 3 The Instltute of Race Relations Trustees, Report Thls reshaping of IRR also gave the organisatSon the opportunity to think through it5 functions, collectlons and most Important and unSque contributions to the creation ol a more just and equal soclety in terms ol both changing soaal and political forces and the new and posltive campaigns and organisations now emerging. It wa5 decided that slnce IRR dicf not have capacity to make IRR'S catalogued Black History Collection of Journals. pamphlets and ephemera Increasingly accessible, It should be rnoved to the auspices ol the London Metropolitan Archlves ILMAI where it could be more publicly consulted and also used on educatlonal outreaEh projects developed with IRR. The LMA has also undertaken to house the hitherto uncatalogued hugelv important archive ol the IRR itself, the flrst 'race relations, body In the UK. with documents stretching back to its inception in 1956 and it5 later chequered relationship wlth government, big business and the New Rlght. We were also pleased that the remainder ol the IRR'S books collectlon and also Its own publications found their way to the Black Cultural Archlves and to communlty-based bookshops such as Housman5 and New Beacon Books. What th15 rethink of the IRR enabled staff 3nd Trustees to do, wès to pinpoint the most Important aspects ol the work.. research and publishing- plus IRR'S abllity to, in the words of A. Sivanandan, 'catch history on the win&. In that sense this past year has seen IRR under liz Fekete's directorship come Into Its own to meet two new domestic challenges I the growth ol a distinctly new anti-Palestinian racism post October 2023 and the unprecedented number of riots on UK streets tsl rac15t far-right vlolent protestors dutlng Summer 2024. The AprS12024 IRR report 'Mainstreamlng hate.. how the Right exploits the crisls to dlvlde us, was, unfortunately, only too prescient. This year has been a demandlng one for la somewhat depletedl IRR staff 3nd, conscious al the importance of their well-being, Trustee Rebekah Oelsol was asked to institute a consultation with stzlf on well-beln8 and is developlng a programme to support all staff members meet current personal and political challenges. -Additionally, during the year, and given the decision to sell the freehold property, IRR'S investment policy was also revised. Since 1958, when 'race relatlons, wzs fitst envisaged as a dome5tlC Issue by Phi1Sp Mason, then at Chatham House, till today in 2024, the IRR has passed through a number of itÈr3tlons. And we are confident that the move to Charle5 Square ushers in a new and exciting era for the charlty at a hlghly challen8inE time. John Narayan IRR Chair of Trustees ACHIEVEMENTS AND PERFORMAAICE Research Over the course of the past year the IRR h35 C8rrled out rE5earch irs a number of key areas.. The malnstreaminE of far-rlght Sdea5, Icommissioned by the Trades Union Con8ressl published by IRR In Aprll 2024 as Mulnstreaming hute.. how the Right explolts the crisis to dlvide u5. Preliminary research scoplng the notlon of 'raclalised debt,. The parameters of an emergent anti-Palestinlan raclsm Europe (see Roce & Cluss 6611 and IRR News newsletters and features alter October 20231. Deaths and Inluries 3cros5 Europe by pollce using chemical irrltants, plastic and rubber bullets and other Means of control ol protest. Multlraclal poverty, Inequèllty, education and housln8. Pa8e 4 The Instityte ol Race Rplatlon5 Trustees, Report Publishing The IRR has publlshed: Four issues ol the international quarterly journ31 Roce & Class. Issue 6512 led with Huw Davies and Sheena MacRae's lengthy analysis of the U￿5 'War on Woke, whSch made much Impact in the national prESS and by mld-2023 had an Altmetric AtlentSon score of 444, puttlng It in the top 5 per cent of all sociology research views. Issue 6513 led wlth Insa Koch, Patrlck Wllliams and Lauren Wroe's analysls.. "County Ilnes": racism, safeguardlng and statecraft Brltaln,, which was also given promlnence in the national press and had over 6.700 vlews and downloads on soclal medla. Issue 6514, too, contained important 3rtycles on the UK'S crlmlnal lustlce system wlth E￿thne Quinn's piece on 'Drlll rap lyrics as crimlnal evldence in group prosecutions, and Nisha Waller and N3ima Sakande's research Into the raclal contOUTS of 'Majority verdicts in England and Wale5'. Issue 6611 concentrated on aspects of history with a lead piece by Natasha Carver on 'Colonlal legacles In 'FGM" During the course ol the year, Hazel Water5 retired as Joint Editor, remalnlng as an Advlsory Edltor, Avery Gordori left the Editorial Worklng Committee, whlch was joined by Cathy Bergln and Insa Koch. IRR News, the online news Se￿ICe, produced with thÈ help ol regular volunteers, has been published every fortnight Ib)r a summer break) and Its coverage 3nd newsletters setting out topical concerns have been widely retweeted IIRR h35 over 16,000 followers). Key interventions on IRR News focused on the development in the UK and Europe of anti-P31estinian racism, the racial aspect ol the prosecution of joint enterprise cases, the case of Ibrahlmè Bah, è young Senegalese asylum seeker forced by smugglers to take the tiller of a boat on a Channel crossSng and prosecuted Sn Brltaln lor manslaughter, the way that removal of welfare from the disabled echoes treatrnent ol 35yIurn seekers, raclsm and the world food system, bulldln8 unlty agalnst far-right vlolence and punitive pollcles on school wlthdrawal, A Briefing Paper, MGinstreLTming hate.. how the Right exploits the ¢rlsls to dtvlde us whlch provided a detailed but accessible account ol how far-rlght Ideas have 31ready pa55ed into the mainstream. IRR staff researched and rewrote the sections ol the IRR website relatin8 to statlstlcs on Health, Poverty and the Criminal Justice System. Provlding evldence and expertise The IRR has given evldence to the Unlverslty ol Goldsmlth's Independent Inqulry Into antlsemltism the Parliamentary Committee examining the Anti-Boycott Bill the Parflamentary Committee examlnlng Modern Slavery the Department for Educatlon's consultation on chlld safeguardln8 Expert report submitted to Hlgh CouTt for Black Equity Organisatlon on home secretary's ￿ne81￿8 on Windrush Lessons Learned pledge5 Networkln¥ and Outreach Over the Course of the year IRR has joined wlth a number of other groups to reinforce its own and their me55agelsl and also to educate and inform other organisations, in the UX and elsewhere, sometimes in terms of public speaking on their platform5, exchanging views IN workshops, advising and brieflng ett. These have Included.. Page 5 The Instltute of Race Relatlon$ Trustees, Report Action Against Deportatlon, Alllance for Youth Justice. Arnnesty Intematlonal. Anti-raclst Centre Oslo. Anti-racist Early Years Collective. Appeal, Art Not Evldence, Artists lor Palestine, BLAM, Black Cultural Archives, Asylum Ald, Border Ecologies Network, Brlghton Museum, 8rltish Palestinian Committee. Campalgn A8ainst the Arms Trade, Captaln Support UK. Centre for Media Monitoring, Centre on the Dynarnics ol Ethnlcity. Challbury Refugee Actlon Group, CSty Unlver51ty, Civil Society Consulting. Colg3te Vnlver51ty London Centre, Committee on the AdministratSon of Justice N.1., Committee on Migration, Refugees and Dlsplaced Persons, Cross Border Forum, D'Aaro Youth Project, Disabillty RTrghts, Garden Court Chambers, Heallng lustlce, Humans for Rights Network, Impact Law for Soclal Justice, INQUEST, Instltute for Statelessness and Inclu51on, JENGbA, JCWI, Jewish Socialist, Jewlsh Voice for Labour, Ju5tlce Gap, KISA (Cyprusl, Liberty. London Metropollta Archlves, London Muslirn Centre, Media Relorni Coalition, Mlgrants Rights Network, The Monitoring Group, Musllm Institute, MHS BME Leadership Network, Natlonal Survivor Users NetworK Netpol. Northern Pollce Monitoring Group, Pluto Press, Praxis, Red Pepper, Refugee Actlon, Rethlnklng Security, Palestine Solidarity Carnpalgri, Right to 8oycott ComrnSttee, Rights and Security International, Rogan Productions, Runnymede Trust, Social ScientlSts Against the Hostile Envlronment, Statewatch. Still We Rlse Podcast, Stop the War, StOPW3tch, South Yorkshire Migration and Asylum Action Group, TUC General Council, TUC Women'5 Conference, Tate Brltain, University of Helslnki, Ver50 Book5, West 8elfast Festlval Black Hlstory Collectlon.. The Bl3ck History Collectlon was consulted by many scholars. lournalists and cornmunity groups over the year. and again staff provided 5c8ns and other materi31s lor those who could not consult the collection in person. The organisation took the view that It needed to increase the BHCS accesslbility and to that end the collection moved lon a long leasel to the London Metropolitan Ar£hive5 In May 2024 but remalns the property of the charity. Communlcatlons and medla Impact Muinstreum Medlu IRR inteNentlons were covered in the malnstream media during the year, Including., IRR News, feature on racial bias in CPS Joint enterprise charges IGuordlon and Justice Gap) The Roce & Clu55 article On '"County Lines" racism, safe8uardinE and statecraft In 8ritaln' IObseNer and Policing Inslghtl The Race & Class article on Rap and Drlll IGuLTrdittnl Materials on antl-Palestin1an racism and Infringements on the rlght to show solidarity have led to large number of speakin8 engagements and network developments wlth new groups 5oclol MedNa Twitter is our largest platform wlth 16.2k followers on IRR New5 and 9,319 on Race & Class. We now have 2,872 lolltswers on Instagram and 5.4 Facebook followers. Publlc beneflt The Institute regularly reviews Its activ￿tIeS In the light of Its publlc benellt Impact and the guldance to educational charities from the Charity Commission and Seeks to extend its work and services to 8roup5 whose circumstance5 and conditions are èdversely )flected by developments in race re13tions at any given tlme. The trustees confirm that they have complled with the requtrements o15ection 17 of the Charltie5 Act 2011 to have due regard to the publir beneflt guidance published by the Charlty Commlsslon for England and Wale5. The mzin methods used tts achieve these aims are.. Pège 6 The Institute of Race Relations Trustees, Report To investigate race Issues and publish findings,. To distribute Information through a range of 3udlo-vlsual materlals, print and electronic publlcatlons and format5,' To promote thought and discusslon through workshop5. rneetings and confe￿nCeS,. • To m3ke available resources of published and wratten materlals In a Black History Collection for use bv readers and others,. To, wherever possible, loin with other groups In the fleld to create network5 to strengthen our capacity so as to better meet our objectlves. Rlsk management The trustees have carrled out a revlew of the major risks whlch the charlty faces on a regular bas15, and Implemented procedures and controls where necessary to mitlgate 3ny risks identlfled. In particular trustees are mSndful of obllgations under th8 IRR'S charltable status and have taken palns to ensure that all published marerlals, 5ncluding on 50clal media and Images neither contravene copyright nor our charitable objects. An annual review of the controls over the flnanclal systems and the operational and business risks whieh they rnay face Is carrled out. Financial Review The Company has over the year contlnued to receive grants from the Paul Hamlyn Foundation. the Joseph Rowntree Charltable Trust and other5. as well as an income from Its journal Roce & Cluss. IRR took steps over the year to try to secure new fundlng streams because income w3s only just meeting expendlture with no possibillty of developln8 IRR'S stafflng c£paclty, but decided in February 2024 that It would be necessary to Sell Sts freehold property at 2 Leeke StreeL WCI. move staff and core functions to serviced offices ènd, from Investing the proceeds, help to support ongolng costs ès well as creating 3 Building Fund to enable the charity to purchase another property In the future when possible. Isee belowl Reserves pollcv Reserves are regularly revSewed In terms of upcomlng need5 and Trustees maSntaln thelr reserves to enable the malntenance ol actlvltles now and in the future. During the 2023124 year a deelslon w85 made to put the Leeke Street bulldln8 on the rnarket, glven that the org3nisation was no longer making lull use ol it and that there w85 a need to make slgnlficant repalrs and updating ol Its fabric. The Sale of the buildlng was cornpleted In August 2024 and will be reported in due course Sn the 2024125-year accounts. As a result of the building sale nd a developing pollcy re staff well-belng, the trustees will be undertaking a review of the contingency reserves of the organ15atlon. Investment Pollcy The Trustees, havlng regard to the IRR'S Ilquldlty ￿qUIreMents, operate a prudent, low-r1sk pollcy. They keep funds both In easily accessible Intere5t-bearing deposit accounts and also longer-term investments to protect the c3pltal value arislng from the sale of 2-6 Leeke Street, WCIX 9HS with a view to purchasing another property when able. In light ol the oblectlves to protect capital and generate income on which the ongoing runnlng of the organSsation mèy depend, the attitude to risk has to be cautlOU5. and, wherever possible, investments will be in ethical funds that align with the charlty's ml55ion. Page 7 The Institute of Race Relations Trustees, Report Structure Governance and Management The Institute of Race Relatlons is a charitable trust No 223989. It Is also a company No 00501929 limited by guarantee not having a share capltal that was incorporated In 1958 under the Companles Act 1948. Its governlng document ts the Memorandum and Articles of Association. The IRR'S Council ol Managernent, elected from its ordlnary members, meets at least once a quarter. Trustees are elected to the Councll vla a ballot of members and serve a term of three years alter which they can stand for re-electloft, IRR has been ￿VIewing the role DI fru5tees and the contribution of members to ensure that the Council Is being renewed over tlme, has a gender balance 3nd comprehenslvely reflects the constStuencies the org3ni53tlon seeks to serve. To that end the following were appolnted as Trustees during 2024,. lennv Bourne, Barbora Cernuiakova, Sophle Chauhan and Neha Shah. IRR 15 chaired by Dr John Narayan with Joseph Maggs a5 Vlce-chalr. In Decernber 2023, lon8-serving Trustee Tony Bunyan resigned from the Council and was asked to be the honorary President of 1RR. The day-to-day management of the Institute of Race Relatlons is carrled out by Liz FÈk@te IDlrectorl and Anya Edmond-Pettltt act5 as Company Secretary. Tralnlng of Trustees New Trustees undergo an orlentation day with the ChaSr or Vice-chalr and the stall at the offi￿$ of the IRR. Apart from learning about key projects and departments and the day-to-day management structure, they are also provldod wSth coples of the Mernorandum and Artlcles of Assod3tes and brlefed about thelr le8al obligations under tharlty and company law. Relevant updates from the Charlty CommlssSon are clrculated to all Trustees. Staff Liz Fekete, Director, head of European Research Hazel Waters, JDlnt Edltor Race & Class Ipart-time, resigned December 20231 Jenny Bourne Editor Ruce & Clus5 Ipart-time and In voluntary capacity from July 20241 Anya Edmond-Pettitt, Office Manager 8nd Research A5SlStant to the Director Llam Shrlvastava, Communicatlon5 Ofllcer Ireslgned September 20231 Sophla Siddiqul, Deputy Editor Roce & Cluss JessSca Perera, Researcher Ipart-tlme, on maternity leave tlll january 20241 Kailsha Kukendra, Communitatlons coordlnator Anne-ysore On?na-Atebè Communications and Archive asslstant Ipart-tirne, November 2023IApril 20241 Volunteers Volunteers are an integral part of the IRR, providirT8 much needed èsslstance to staff Ipartitularly on IRR New51 but also providing the opportunity for IRR to help a number of people (Usual￿ young and in line with our Equal Opportunitie5 Policy) to acquire skllls and be educated In a number of sublect areas. Page 8 The InstStute of Race Relations Trustees, Report Statement of trustees, responslbllltles The trustees (who are also the directors of The Institute of Race Relations lor the purposes of company lawl are responsible for preparing the trustees, report and the financial statements in accordance wSth appllc£ble law and United Kin8clom Accounting Standards (United Kingdom Generally Accepted Accountlng Practicel, Including FRS L02 'The Financi31 Reporting Standard applScable in the UK and Republlc of Ireland. Company law requires the trustees to prepare Ilnancial statements for each financial year. Under company law the trustees must not approve the financial 5tztements unless they are satisfied that they 8ive 8 true and falr vlew of the state of affairs ol the charitable comp)ny and of the Incorning resources and appllcatlon of re50urce5, including its Intome and expenditure, of the charStable company for that perlod. In preparlng these financial statements, the trustees are required to.. select sultable accounting policies and apply them consistentlv,. observe the Methods and prlnclple5 In the Charltles SORP.. make jud8ements and estirnates that are reasonable and prudent., state whether appllcable accounting st3nd3rds, CDmpd5ing FRS 102 have been followed, subject to any materi81 departures dlsclosed and explalned In the financial statements,. and prepare the Ilnanclal statementi on the going concern basls unle$5 It Is Inappropriate to presume that the charltable company will continue In buslne5S. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any tlme the financial position ol the tharitable company and enable them to ensure that the linanclal ststements comply with the Companles Act 2006. They are also responsible lor safeguarding the assets of the charltable company and henee for taklng reasonable steps lor the prevÈntlon and detection of fraud and other The trustees are responslble for the maintenance and Integrity of the corporate and financi31 information included on the charltable company's webslte. Legislation governlng the preparation and di55emination ol financlal statements may dlffer from legislation in otherjurSsdlctlDns. Small companles provisioll statement This report has been prepared Sn accordance wlth the small companles regime under the Companies Act 2006. Approved by the trustee5 of the charity on 22 October 2024 and si8ned Dn its behalf by.. Joseph Maggs, Vice Chalr rru5tee john Narayan, Chair Trustee Page 9 The Instltute of Race Relations Independent Examlner's Report to the trustees of The Instltute of Rate Relation51'the Company'l I report to the ehartty trustees (who are a150 Oirector5 lor the purpose of comp3ny lawl on my examination of the accounts ol the The Institute of Race Relations I'the charftable ctsmpany'l lor the year ended 31 March 2024 which comprise the Statement of Flnantlal Activitle5, the Balance Sheet and related notes. 12 27 This report Is made solely to the chariVs trusteE5, a5 a body, In accordance with Section 145 01 the Charitie5 Act 2011. My work ha5 been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and lor no other purpose. To the fullest extent permitted bylaw, I do not accepl or assume responsibility to anyone other than the charlty and the charlty's trustees as a body, IDr my work, for thls report, or for the oplnions I have formed. Responsibllltles and basls of report As the charlty's trustees of The Instltute ol Race Relatlons you are responslble lor the preparatlon of the aCCDunts in accordance wlth the requlrements ol the Companles Act 20061'the 2006 Act'l. Havlng satisfied myself that the account5 of The In5tltute of Race Relations are not requlred to be avdited under Part 16 01 the 2006 Act and are ellglble for Independent examlnatlon, I reporr In respect of mv examination ol your charity's accounts as carrled out under sectlon 145 of the Charltles Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. An independent examination rloes not involve 8atherin8 all the evidence that would be required in an audit and consequently does not Cover all the rn&tter5 that an auditor considers in giving their opinion on the financial statements. The planning and conduct ol 3n 3udit goÈs beyond the limited assurance that an IndependÈnt examlnatlon can provide. Consequently l express no opinSon as to whether the 1Snancial statements present a 'true and falrf view and my report is limlted to those specific matters set out in the Independent examiner's Statement. Independent examlnevs statEment I have completed My examinatSon. I confirm that no matters have Come to My attendon In connectSon with the exarnination glvlng me cause to belleve.. l. accounting recorijs were not kept in respect of The Institute of Race Relations ès required by section 386 ol the 2006 Act,. or 2. the account5 do not accord with those records,. or 3. the accounts do not comply wlth the accounting requlrements of sectlon 396 of the 21)06 Act other than any requirement that the accounts glve a 'true and fair view, which is not a matter considered as part of an Independent examlnation,. or 4. the accounts have not been prepared in accordance wtth the methods and prlnople5 of the Statement ol Recommended Pracrice lor accountlng and reporting by charltSes applicable to charlties preparlng their account5 In accordance with the Financial Reportin8 Standard appli£able in the UK and Republic ol Ireland IFRS 1021. I have no con£ern5 and have CDme acri)ss no other matters In connection wlth the examlnation to which 3ttÈntion should be dr8wn in thi5 report in order to enable a proper understanding of the accounts to be reached. Page 10 The Instltute of Race Relations Independent Examiner's Report to the trustees of The Institute of Race Relations I'the Company'l rim Sullivan FCA 9 Hare & Billet Road Blackheath London SE3 ORB 2024 Page 11 The Instltuteof Rxe Rel?tlons siaiomwi af FI￿an￿la1￿CtIvltIqSf￿ th8 Y￿aT Ended SIMarth ZD14 Ilncludln¥ IDcpme ExpeDdItureA¢¢ouDta￿d StstgmBnt of Total RèCOtnls*d GÈlns And Losses) Ubrtstikt*d ft*strtttèd 2024 Unr*strfcted 1023 In¢offlEond EThdLswmen15frorn'. 116J80 72,g69 35,200 71969 itssÈ 19,110 75.053 318 75.OS3 Invostmont lThcom• otherlnrome 10,338 35.ZOQ 211,064 38,2 249,164 154,50QI 1247,8571 IISI.5B51 (S4.5￿} 126,47Ql 17,707 116,3WI 1.107 *e£Drtc51alkin offund& Total lunds bivu(htloTh¥ird 117,069 143,546 16 IQO.77$ 264,4S4 Allaf thv