Charity registration number: 326936
## Multi-Racial Trust
Annual Report and Financial Statements for the Year Ended 31 March 2025
Smartax Limited Chartered Certified Accountants and Statutory Auditors 38 Station Road Harrow Middlesex HA2 7SE
## **Multi-Racial Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 15|
## **Multi-Racial Trust**
## **Reference and Administrative Details**
**Trustees** Himatlal Lakhani Arvind Vallabhdas Mulji Louise Carmi Falguni Desai Rajesh Raskibhai Patel **Charity Registration Number** 326936 **Principal Office** 53 Addington Square London SE5 7LB **Reporting Accountants** Smartax Limited Chartered Certified Accountants and Statutory Auditors 38 Station Road Harrow Middlesex HA2 7SE
Page 1
## **Multi-Racial Trust**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.
## **Objectives and activities**
## _**Objects and aims**_
The objects of the charity is to:
1. To relieve the distress and suffering of young Asian women who become estranged from their families or who are subject to violence and abuse by husbands/partners and some cases parents.
2. To promote the provision of a free legal and advocacy service on matters relating to immigration, nationality and asylum law, in order to assist immigrants, their dependents and relatives whether in the United Kingdom or overseas.
3. To raise funds to establish or contribute towards the provision of the Trust to be used in accordance with objectives 1 and 2 above by setting up a refuge for young Asian women and an office for organisations providing advice and representation for those requiring assistance on matters relating to immigration and nationality law.
4. To support and encourage any charitable activities which could be of material assistance to those living in poverty regardless of any country.
5. To promote by public education a greater understanding of the different cultural and religious background of the people living in the United Kingdom.
The charity has power to do anything which is calculated to further its objects or is conducive or incidental to doing so.
The Charity aims to provide accommodation for voluntary organisations at affordable rents or free as necessary to facilitate the activities of such organisations whose work is consistent with the objectives of the Trust.
## _**Public benefit**_
With the work of the Trust related to objective 3 superseded by the work of National Women’s Aid, the direction of the Trust has gradually evolved, with a focus on pursuing its other objectives where it can more effectively support people in need.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Use of volunteers**_
The current Trustees have provided their services on a voluntary basis for more than twenty-five years with the help of various individuals throughout the period.
Page 2
## **Multi-Racial Trust**
## **Trustees' Report (continued)**
## **Achievements and performance**
During the year the trust provided accommodation and promoted the work of a non-profit making organisation that provides free advice and advocacy services on matters relating to immigration and nationality law and asylum. This service is available to anyone in the UK regardless race, religion, gender or nationality. The Trust also provided a grant totalling £85,140 to the organisation towards the renovation and building works of the premises.
The Trust successfully raised funds for a significant refurbishment of the premises to enable it to provide better and greater accommodation to voluntary organisations working in the London Borough of Southwark providing free legal advisory services to a wide range of people in need. The renovation has required complex project management.
The Trust has been in discussion with the Southwark Law Centre about their accommodation needs, and in accordance with objects 2 and 3, this will create a single legal advisory centre in the London Borough of Southwark.
## **Financial review**
The Trust is small and in a stable financial position. Given its size, it does not employ specialists to raise funds nor part / full-time staff in connection with the Trust’s activities.
In the financial year the Trust received donations totalling £38,063 (2024: £4,962); expenditure in the year amounted to £92,807 (2024: £10,698). The reserves at the year end was £187,029 (2024: £241,773).
## _**Policy on reserves**_
The reserves are kept in the bank account to utilise as necessary. There is therefore minimal risk to the funds. The Trustees ensure that no risk is taken with the Trust’s finances and that any matter relating to risk is reviewed annually.
## _**Principal funding sources**_
The Trust raises donations from supporting individuals for projects and activities when a need arises or when an activity is planned or initiated. Once the renovation work is completed the Trust will be in a position to generate additional revenue through the provision of affordable accommodation to pursue our other objectives.
Page 3
## **Multi-Racial Trust**
## **Trustees' Report (continued)**
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Himatlal Lakhani Arvind Vallabhdas Mulji Louise Carmi Falguni Desai Rajesh Raskibhai Patel
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is controlled by its governing document, a declaration of Trust dated 1 July 1985.
## _**Recruitment and appointment of trustees**_
In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
The Chair of the Trustees will make available to each new Trustee, on or before his or her first appointment, a copy of the charity's latest Trustees' Annual Report and Accounts and guides from the Charity Commission and Institute of Fundraising.
The Trustees meets three times a year to discuss the work to the Trust and progress in pursuit of its objectives. There are four Trustees who are authorised to carry out the above purposes. Sadly, we lost Arvind Valabdhas Mulji during the year, and his long standing contribution and effort is formally acknowledged by the trustees.
All Trustees provide their services completely free, not claiming expenses in connection with attending meetings nor those incurred in connection with carrying out the purposes of the Trust. The current Trustees bring a range of knowledge and skills from fund raising and management to legal and health. They have provided their services on a voluntary basis for more than twenty-five years, with the help of various individuals throughout the period.
Page 4
## **Multi-Racial Trust**
## **Trustees' Report (continued)**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 30 January 2026 and signed on its behalf by:
......................................... Himatlal Lakhani Trustee
Page 5
## **Multi-Racial Trust**
## **Independent Examiner's Report to the trustees of Multi-Racial Trust**
I report to the trustees on my examination of the accounts of Multi-Racial Trust for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity trustees of Multi-Racial Trust 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 Multi-Racial Trust'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**
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:
1. accounting records were not kept in respect of Multi-Racial Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
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.
...................................... Sajjad Rajan CTA FCCA ACA Chartered Certified Accountants and Statutory Auditors
38 Station Road Harrow Middlesex HA2 7SE
30 January 2026
Page 6
## **Multi-Racial Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
**Expenditure on:**
Charitable activities
3
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
11|**Unrestricted**
**£**
38,063
(92,807)
(92,807)
(54,744)
241,773
187,029|**Total**
**2025**
**£**
38,063
(92,807)
(92,807)
(54,744)
241,773
187,029|**Total**
**2024**
**£**
4,962
(10,698)|
|---|---|---|---|
||||(10,698)|
||||(5,736)
247,509|
||||241,773|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 11.
The notes on pages 9 to 15 form an integral part of these financial statements. Page 7
## **Multi-Racial Trust**
## **(Registration number: 326936) Balance Sheet as at 31 March 2025**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
9
**Creditors: Amounts falling due within one year**
10
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
11|**2025**
**£**
176,833
12,807
(2,611)
10,196
187,029
187,029
187,029|**2024**
**£**
176,833
65,840
(900)|
|---|---|---|
|||64,940|
|||241,773|
|||241,773|
|||241,773|
The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 30 January 2026 and signed on their behalf by:
......................................... Himatlal Lakhani Trustee
The notes on pages 9 to 15 form an integral part of these financial statements. Page 8
## **Multi-Racial Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Multi-Racial Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Exemption from preparing a cash flow statement**
The charity have taken advantage of reporting exemptions under FRS 102 and therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Judgements and key sources of estimation uncertainty**
In the application of the accounting policies, Trustees are required to make judgement, estimates and assumptions about the carrying value 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 affected current and future periods.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.
Page 9
## **Multi-Racial Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)**
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant expenditure**_
Grants payable are charged in the year when the offer is conveyed to the recipient. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. Where a grant has been made for the benefit of an individual, or a group of individuals, through the means of an institution, this is recorded as a grant to the institution.
## **Support costs**
Support costs include central functions such as governance cost, finance and information technology incurred directly in support of expenditure on the objects of the charity. They have been allocated to activity cost categories on a basis consistent with the use of resources.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Irrecoverable VAT**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable entity for UK corporation tax purposes. Accordingly, the charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £250 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Trade 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. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Page 10
## **Multi-Racial Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)**
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Foreign exchange**
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the statement of financial activities in the period in which they arise.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
As at the balance sheet date, the charity did not have restricted funds.
## **Financial instruments**
The charity 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 measured at amortised cost using the effective interest method, and investments which are held at fair value.
## **2 Income from donations and legacies**
|Donations and legacies;
General donations|**General**
**£**
38,063
38,063|**Total**
**2025**
**£**
38,063
38,063|**Total**
**2024**
**£**
4,962|
|---|---|---|---|
||||4,962|
Page 11
## **Multi-Racial Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)**
All of the prior year income was attributable to unrestricted funds.
## **3 Expenditure on charitable activities**
|**Note**
Grant funding of activities
Legal and professional fees
Insurance
Governance costs|**General**
**£**
85,140
2,341
4,240
1,086
92,807|**Total**
**2025**
**£**
85,140
2,341
4,240
1,086
92,807|**Total**
**2024**
**£**
9,737
-
-
961|
|---|---|---|---|
||||10,698|
All of the prior year expenditure was attributable to unrestricted funds.
## **4 Analysis of governance and support costs**
## **Governance costs**
|**General**
**£**
Legal and professional fees
1,020
Bank charges
66
1,086
**5**
**Grant-making**
**Analysis of grants**
**Analysis**
Charitable activities
The support costs associated with grant-making are £7,666 (31 March 2024 -|**Total**
**2025**
**£**
**Total**
**2024**
**£**
1,020
900
66
61
1,086
961
**Grants to institutions**
**2025**
**£**
**2024**
**£**
85,140
9,737
£961).|**Total**
**2024**
**£**
900
61|
|---|---|---|
|||961|
||||
Below are details of material grants made to institutions.
Page 12
## **Multi-Racial Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)**
|**Name of institution**
Migrant Legal Action
Kivunge District Hospital|**2025**
**£**
85,140
-
85,140|**2024**
**£**
2,874
6,863|
|---|---|---|
|||9,737|
## **6 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **7 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **8 Tangible fixed assets**
|**8**
**Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**9**
**Cash and cash equivalents**
Cash at bank
**10 Creditors: amounts falling due within one year**
Trade creditors
Accruals||**Land and**
**buildings**
**£**
176,833||**Total**
**£**
176,833
176,833
-
176,833
176,833
**2024**
**£**
65,840|
|||176,833
-|||
|||176,833|||
|||176,833|||
|||**2025**
**£**
12,807
**2025**
**£**
1,591
1,020
2,611|||
|||||**2024**
**£**
-
900|
|||||900|
Page 13
## **Multi-Racial Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)**
|**11 Funds**
**Unrestricted funds**
**_General_**
General
**Unrestricted funds**
**_General_**
General|**Balance at 1**
**April 2024**
**£**
241,773
**Balance at 1**
**April 2023**
**£**
247,509|**Incoming**
**resources**
**£**
38,063
**Incoming**
**resources**
**£**
4,962|**Resources**
**expended**
**£**
(92,807)
**Resources**
**expended**
**£**
(10,698)|**Balance at 31**
**March 2025**
**£**
187,029|
|---|---|---|---|---|
|||||**Balance at 31**
**March 2024**
**£**
241,773|
## **12 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
**13 Analysis of net funds**
Cash at bank and in hand
Net cash|**At 1 April**
**2024**
**£**
65,840
65,840|**Unrestricted**
**funds**
**General**
**£**
176,833
12,807
(2,611)
187,029
**Unrestricted**
**funds**
**General**
**£**
176,833
65,840
(900)
241,773
**Cash flow**
**£**
(53,033)
(53,033)|**Total funds at**
**31 March**
**2025**
**£**
176,833
12,807
(2,611)|
|---|---|---|---|
||||187,029|
||||**Total funds at**
**31 March**
**2024**
**£**
176,833
65,840
(900)|
||||241,773|
||||**At 31 March**
**2025**
**£**
12,807
12,807|
Page 14
## **Multi-Racial Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)**
|Cash at bank and in hand
Net cash|**At 1 April**
**2023**
**£**
70,676
70,676|**Cash flow**
**£**
(4,836)
(4,836)|**At 31 March**
**2024**
**£**
65,840|
|---|---|---|---|
||||65,840|
## **14 Related party transactions**
There were no related party transactions in the year.
Page 15
## **Multi-Racial Trust**
## **Statement of Financial Activities by fund for the Year Ended 31 March 2025**
|**Income and Endowments from:**
Donations and legacies
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**2025**
**£**
38,063
38,063
(92,807)
(92,807)
(54,744)
(54,744)
241,773
187,029|**Total**
**Unrestricted**
**Funds**
**2024**
**£**
4,962|
|---|---|---|
|||4,962|
|||(10,698)|
|||(10,698)|
|||(5,736)|
|||(5,736)
247,509|
|||241,773|
This page does not form part of the statutory financial statements. Page 16
## **Multi-Racial Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Total income
**Expenditure on:**
Charitable activities (analysed below)
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2025**
**£**
38,063
38,063
(92,807)
(92,807)
(54,744)
(54,744)
241,773
187,029|**Total**
**2024**
**£**
4,962|
|---|---|---|
|||4,962|
|||(10,698)|
|||(10,698)|
|||(5,736)|
|||(5,736)
247,509|
|||241,773|
This page does not form part of the statutory financial statements. Page 17
## **Multi-Racial Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (continued)**
|**_Donations and legacies_**
Appeals and donations
**_Charitable activities_**
Grants payable - institutions
Legal and professional fees
Insurance
Legal and professional fees
Bank charges|**Total**
**2025**
**£**
38,063
38,063
(85,140)
(2,341)
(4,240)
(1,020)
(66)
(92,807)|**Total**
**2024**
**£**
4,962|
|---|---|---|
|||4,962|
|||(9,737)
-
-
(900)
(61)|
|||(10,698)|
This page does not form part of the statutory financial statements. Page 18