The Scottish Alliance of Regional Equality Councils Limited
Trustee's Annual Report & Financial Statements
For the financlal period ending 31st March 2026
Scott7sh Registered Charity SC040588
Registered Company No. SC360363

The Scottish Alliance of Regional Equality Councils iimtted
Table of Contents
Page5
Reference and Administration Information
Trustee5 Report
Independent Examiner's report
Financial Statements
10-12
Notes to Financial Statements
13-16

The Scottish Alliance of Regional Equality Councils Limited
Reference and Administration Information
Charlty Name:
Stothsh Alliance of Regional Equality Councils1SARECI
Charity Registration Number:
5C040588
Company Registration Number:
SC360363
Principal Office:
West of Scotland Re8ional Equality Council
201 Shuna Street, Glasgow. G20 9EY
Registered Office:
West of Scotland Regional Équality Council
201 Shuna Street, Glasgow, G20 9EY
Bankers:
Royal 8ank of Scotland.
Glasgow City Branch
10 Gordon Street Gl 3PL
Independent Examlner:
Fiona Ramsay MAAT
14 Newton Place
Glas8OW
G3 7PY
Current Trustees:
Chairperson: Dr Malcolm Green
Vice Chair.. Etisham Ullah Khan
Secretary.. Ghzala Khan
Member: Foy501 Hussain Choudhury
Member.. John Tomlinson
Trustee5 Resigned:
Hector Williams

The Scottlsh Alliance of Regional Equality Councils Limited
Trustees, Annual Report
Forthe Year Ended 31 March 2026
The trustees have pleasure in presenting their annual report and financial statements of the charity
for the year ended 31st March 2026. The financial ststements have been prepared in accordance
with the accounting polities set out in note I to the accounts and comply with the charity's
Constitution, the Charities and Trustee Investment Istotlandl Act 2(X)S. the Charities Accounts
(Scotlandl Regulations 2006 la5 amended) and 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 published on 16 July 2014.
WHO ARE WE
5AREC is a registered Scottish Charity ISC0405881. All its affairs are 8overned by the Board of Trustees
as stipulated in the charities Memorandum and Articles of Association, as well as the Charities
Constitution.
Structure, Governance, Management.
Trustee members are appointed by Annual General Meeting established by the constitution. An
induction programme will be provided for any new member, at which training, and governance
support will be given to ensure that Trustee members are familiar with the Charlty's values, alms and
respon5ibilitte5 in their role as designated Trustees of the charity.
SAREC has four-member organi5ations'. Central Scotland Regional Equality Council, Edinbur8h and
Lothians Regional Equality Council, Grampian Regional Equality Council and West of Scotland
Regional Equality Council. Each of these member organisations appoints two of its directors to Serve
as honorary Trustees of SAREC and to represent their or8anisation.

The Scottish Alliance of Regional Equality Councils Limited
Trustees, Annual Report (Continued)
For the Year Ended 31 March 2026
WHAT ARE WE DOING & FOR WHOM?
Our main aims and objectives are.. -
• To work towards the elimination of all forms of discrimination
To promote equality in diversity
• The advancement of citizenship and community development and human rights
Conflict resolution and reconciliation. and the promotlon of racial and religiou5 harmony.
Main actlvitfe5 In relatlon to these objects
The main octivities of SAREC include.. -
• Offer assistance to Individual Regional Equality Councils to ensu￿ they are well resourced and
support them in raising fundin8 for specilic projects
Influencin8 policy and establishing relationships Wlth the UK and Scottish Governments as well as
with key stakeholders in the public, private and voluntary and community sectors.
• Building effective links between minority and majority communities across all equality dimensions
Achlevements and performance
The main activity of SAREC during the 2025-26 period was our Scothsh Government-funded financial
inclusion project. The aim of this project was to work across regions of Scotland to support
individuals from minority ethnic ¢ommunities to access financial inclusion support and to explore
innovadve solutions to the cost of livin8 crisis.
The objectives of the project were as follows..
People from minority ethnic communitie5 have increased awareness and acce55 to financlal
inclusion advice and support.
Support 80-100 people12fy25 per region). either through dI￿(t advice and support, or via referrals
to mainstream financial inclusion services
• Hold workshops with 3-5 providers of financial inclusion advice/support organisation5 Within each
of the regions, to identify and help address barriers experienced by minority ethnic communities.
Pilot at least one innovative approach to the cost-of-living crisis in each region.

The Scottish Alliance of Regional Equality Councils timited
Trustees, Annual Report (Continued)
For the Year Ended 31 March 2026
Most of these objectives were fully or partially achieved in each region across Scotland. However, it
was noted by all partners that the short timeframe of the funding period impacted their ability to
deliver. The key barriers to linancial inclusion identified through the project related to immigration
statuslNo Recourse to Public Funds. language barriers. lack of awa￿ness. and employment barriers.
In addition to this project work, we continue to wod( acr055 Our regions to develop joined up workin8
across Scotland on a range of fronts, including within our Casework (advice and advocacy) seNice5,
as well as developing a joined-up approach to delivering equalities training.
Flnanc5al Review
During the 2025126 flnanclal year, SAREC had a deficit of £8.
Reserve Pollcy
All the operatinB Costs of the charlty are funded by donations from member RECS and grants from
external agencies. It is the charity's plan to build up reserves of unrestricted funds as they arise from
our own activities. All ￿selVeS will be used to SUPPOrt activities in the community and to enable us
to fulfil our national role.
Rlsk management
The Board of Trustees has assessed the major risks to which the SAREC is exposed, in particular those
related to the operations and finances, and is satisfied that the systems in place are robust enough to
mltigate all major risks.
Plans for the Future
We have a clear vision of where we want to be a5 an organisation:
SAREC wlll be a coalition which delivers equalities and antt-racism work with communities and uses
these strong links with communities to influence policy and practice at a national level.
In addition, SAREC will be seen as a key partner by the Scottish Government land others) because of..
its connections with communities IthfOU8h delivery of frontline services) and its ability to liaise with
the "seldom heard" in policy making,. its ability to consistently deliver projects and service5 of high
quality,. its use and development of evidence, with an emphasis on community voice and lived
experience,. its position as the vmbrella body for Regional Equality Councils which provide a critical
regional perspective that ensures the range of community voices and lived experience can inform
evidence-based nationalllocal policy

The Scottish Alliance of Regional Equality Councils Limited
Trustee5' Annual Report (Continued)
For the Year Ended 31 March 2026
We will continue to seek funding for the projects we believe will help us deliver this vision.
Approved by the trustees on 30 June 2026 and signed on their behalf bv..
Dr Malcolm Green
Chairperson

The Scottish Alliance of Regional Equality Councils Limited
Independent Examiner's Report
For the Flnancial Period ended on 31st March 2026
REPORT BY THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE SCOTTISH ALLIANCE OF
REGIONAL EQUALITY COUNCILS
I report on the accounts of the charity for the year ended 31 March 2026 which are set out on page5
10 to 16.
Respertlve responslbllitie5 of trustees and examlner
The charity's trustees are responsible for the preparation of the accounts in accordance with the
terms of the Charities and Trustee Investment Istotlandl Act 2CK)5 and the Charities Accounts
(Scotlandl Re8ulations 2006. The charity trustees consider that the audit requirement of Regulation
10111 lal to 1¢) of the Accounts Re8ulations does not apply. It is my responsibility to examine the
accounts as required under sertlon 4411> Icl of the 2(M)5 Act and to state whether particular matters
have come to my attention.
Basls of Independent examlner's ststement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations.
An examination includes a review of the accounting records kept by the charity and a comparison of
the accounts presented with those records. It also includes consideration of any unusual items or
disclosu￿ s in the accounts, and seeks explanations from the trustee5 concernin8 any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the view given by the accounts.
Independent examlner's statement
In the course of my examination, no matter has come to my attention:
which glves me ￿asOnable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with Section 4411) lal of the 2tyJ5 Act and
Regulation 4 of the 2C(16 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with Regulatfon
8 of the 2006 Accounts Regulations;
have not been met. or
2. to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached

The Scottish Alliance of Regional Equality Councils Limited
REPORT BY THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE SCOTTISH ALLIANCE OF
REGIONAL EQUALITY COUNCILS (CONTINUED)
Use of our report
This report is made to the charity's board of trustees, as a body. in accordance with the terms of the
engagement. My work has been undertaken to enable me to undertake an independent examination
of the charity's accounts on behalf of the charity'5 board of trustees and for no other ptjrpose. To the
fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
charity and the charity's board of trustees as a body. for my work or for this report.
Flona Ramsay MAAT
Gallone & Co
14 Newton Place
Gla5gOW
G3 7PY
30 June 2026

The Scottish Alliance of Regional Equality Councils Limited
Statement of F5nanclal Artivities
For the 12 months ending 31st March 2026
2026
2025
INCOMZNG RESOURCES
Encomlng Resources from G•nernted Funds:
Voluntary Income
Donaknon and 8equests
Activities for Generatlng Fvnds
Investment Incom•
Income from Investments
Incomlng Resources from Charltsble Aetlvltl••
Other Incomlng Resources
Total Ineomlng Ruour
200
200
loo
loo
Resourc￿ Exp•nd•d
Cost of Generatlng Furtds
Cost of Generating Funds
Charltable Activltles
Governance Costs
Total R•8ouKes Exwnd•d
181
395
181
395
Net Xncomlng Resource$ beforé
Recognlsed Galn• and LoMes
Gains/lLossesl on Investments
Realised
Unreallsed
Net Movement In Fund#
19
(295)
Reconclllatlon Of Funds
Funds brought forward
FUNDS CARRIED FORWARD
{271
(8)
268
(27)
io

The Scottish Alliance of Regional Equality Councils Limited
Balance Sheet
A5 at 31st March 2026
2026
2025
Noteg
FIXED ASSETS
Tanglble assets
CURRE14T ASSETS
Debtors
Inctsrne accrued
Cash at bank and In hand
172
333
172
333
Cr•dJtor$: Amounts Falllng
Oue Wlthln On• Year
(180)
(360)
NET CURRENT ASSETS
(LIABILrriES)
(8>
(27)
TOTAL ASSETS Less CURRENT
LIABZLITIES
(8)
(27>
NET ASSETS
(8)
(27)
RESERVES
Unrestrlcte(J Income funds
General resetves
{81
{27}
TOTAL FUNDS
{8}
(27)
These financial statements have been p￿pared in accordance with the special provisions relating to
small companies within Part 15 of the Companies Act 2(M)6.
Audlt Exemptlon
For the year ended 31st March 2026 the Company was entitled to exemption under section 477 of
the Companies Act 2￿6 relating to small companies. No members have required the company to
obtain an audit of its account5 for 2024125 in accordance with section 476 of the Companies act
2006. The directors acknowledge their responsibility for complying with the requirements of the Act
with.
Approv&J by the trustees on 301Th June 2026 and signe(J on their ￿half by:
Dr Malcolm Green - Chairperson
Date 30th June 2026
li

The notes on page5 10 to 13 form part or these financial stste￿nts.
The Scottlsh ￿lianCe of Reglonal Equality Councils Limited
Statement of Cash Flows
For year ending 31st March 2026
2026
2025
Cash flows from opèratlng activitie5'.
Net cash provlded by (used Inl operatln8 artlvltles (Note
121
Cash flows from InvestSng a¢tlvltles:
Interest
11611
141SI
Net cash provlded by (used Inl Invesilng actlvttles
Cash flows from financln8 a¢tlvltSes
Cash inflows from new Grant
Cash & cash equivalents at the beginning of the year
Yotal cash & cash equlvalentS at the end of the year
333
748
172
333
Reconclllatlon of net Sncomellejtpendlturel to net cash
flow from operatlng actbvltle
Net incomellexpenditurel
Adjustments for-.
Depre¢iatron charges
(Gainslllosses on Investments
Dlvldends. Snterest & rent from investments
Lossllprohtl on sale of ftxed assets
Ilncreasel/decrease in stocks
Iincreasel/de¢rease in debtors
Increase/ldecreasel in ¢reditors
Net cash provldèd by (used Inl oper*lng actfvltles
19
129SI
I￿0)
11611
11201
14151
12

The Scottish Alliance of Regional Equality Councils Ltmited
Notes to the Ststement of Financial Activities
l. Accounting Policies The principal accounting policies adopted, judgements and key sources of
estimation uncertainty in the preparation of the financial statements are as follows..
al Basis of preparation The accounts lfinancial statements) have been prepared under the historical
cost convention with items recognised at cost or transaction value unless Otherwise stated in the
relevant notelsl to these accounts. The financial statements have been prepared in accordance with
the Statement of Recommended Practice: Accounts"ng and Reporting by Charities preparing their
accounts in actordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Stsndard applicable in the
United Kingdom and Republic of Ireland IFRS 1021. the Charities and Trustee Investment Iscotlandl
Act 2005 and the Charities Accounts Iscotlandl Regulations 2(KJ610s amended)
SAREC meets the definition of a public benelit entity under FRS 102.
Assets and liabilities are initially reco8nised at historical cost or transactton value unless Otherwise
Stated in the relevant accounting policy notelsl
bl Reconclllation wlth prevlous Generally Accepted Accountlng Prartlce
In preparing the a¢countS, the trustee5 have considered whether in applying the accounfjng policies
required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was
required.
cl Preparation ol the accounts on a going concern ba$15
The Trustees believe the￿ is no foreseeable circumstance to restrict the Charity from continuing a5
going concern
dl Income
Income is recognised when received. However, in accordance with FRS102, income is accrued if not
received in the fi'nancial year commensurate with the artivity of the ¢haritv
el Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity- this is normally upon notification of the interest paid or payable by the bank.
fl Fund accountln8
Unrestricted funds are available to Spend on activities that further any of the purposes of 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 donation5 which the donor
has specified are to be solely used for parhcular areas of the Charity's work or for specific artistic
projects being undertaken by the Charity.
gl Expenditure and Irrecoverable VAT
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 requi￿d, and ihe amount of the obligation can be
measured reliablv
13

The Scottish Alliance of Regional Equality Councils Limited
Notes to the Statement of Flnancial Attivlties (Continued)
h) Allocation of support costs
Support costs are those functions that a5SlSt the work of the charity but do not directly undertake
charitable activities. Support costs include back-office costs, finance, personnel, payroll and
governance costs which support the Charity's programmes and activities. These costs have been
allocated between cost of raising funds and expenditure on charitable activitie5. The basis on which
support costs have been allocated are set out in note 7
IITangible flxed assets
Individual Hxed assets costing £l,OCJ) or more are capitalised at cost and are depreciated over their
estimated useful economic lives on a straight-line basi5. There are no a55ets of the charity to be
depreciated. The premise used by the charity is leased from the local council.
J) Stock
Stock Is included at the lower of cost or net realisable value. Donated items of stock are recognised
at fair value which 15 the amount the charity would have been willing to pay for the items on the
open market.
k) 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.
l) Cash at bank and Sn 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.
m) Credltor5 and pro¥lslon$
Creditors and provisions are recognised Whe￿ 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 provisions are
normally recognised at their settlement amount after allowing for any trade discounts due.
n) Transldon to FRS 102
No subsequent restatement of items has been required in making the transition to FRS 102. The
transition date was 1st M3rch 2014. However, the Charity has changed from a"Receipts & Payments"
basis to an "accruals" basis in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 Effective l January 20151- (Charities SORP IFRS 10211. and the
Companies Act 2006.
Legal status of the Charity
SAREC wa5 recognised as a Scottish charity with effect from 18th June 2009. The Charity is
administered in accordance with the terms of the Memorandum and arhcle5 of Associations for a
private company limited by guarantee.
14

The scottish Alliance of Regional Equality Councils iirnited
Notes to the Statement of Financial Activitie5 (Continued)
2026
2025
Notes
3.Incom* from doTratlon$ and legacles
Community Fund
Other
SAREC i5grateful to thecharitieswho8ave8rani fvrythry. In xo)rdarKE
wlth FRS102 and theChaTikne55ORP IFRS1021. rhe*onornic
contribution of general volunteersisnot fecognised in the¥cotsnt*
4.Income from charltable actlviti•s
Donations
Membership fees
Other general
5.Investment Incom¢
Bank interest
6. Analy$ls of expendlture on Charltable Actlvltleg
Expenditure on charitable activities was £395 12024
£5561 of which É39 was unrestrlcted and ÉO was
restrlcted.
Restrlcted
Training
Salaries
Other
Unrtstrl¢t•d
General expenses
Charitable Actlvltles
Total
181
181
395
395
7.Analysls of governance and support costs
Professional fees
Salaries, wages and related costs
General offlce and general charity èxpenses
Total
180
360
35
181
395
15

The Scottish Alliance of Regional Equality Counals Limited
Notes to the Statement of Financial Activities (Continued}
2026
2025
8.Analy$ls of staff costs
Salarie5 and wages
The charSty Trustees did not receive any benefits from
employment. No charity trustee received payment for
prole5slonal services nor haL1 personal expenses
reirnbursed. There were no related party transacticn&
Charity does not operate a defined contributr.on pension
scheme Therefore, there is no pension cost charged for
the perlod to represent contrlbutlon payable to the
scheme.
9.Debtors
Other Debtors
10.Llabllltles: amounts lalllng du• wlthln a yèar
Deferred Income
Accrued expenses
Total
180
leo
360
360
11.FundJ of th• charlty
Cost of G•neratlng Funds
General Rèserves (Accrualsl
{1801
(3601
Bank - Unrestrl¢t•d
172
333
8•nk - R•strlcted
Grant received
Total ol bank account
172
333
Total funds of the chJrlty
(8}
(27)
12. Cash flow$ from operatlng actlvltl•s
Net movement in funds
Bank
(161)
(415}
16