Registered number |
(R E N) |
Company Information |
Directors/ Trustees |
Peter Tate (vice chair joined 1/08/2020) |
Humayun Islam BEM (trustee joined 1/08/2020) |
Sofia Mahmood MBE (trustee joined 1/09/2020 |
Anne Marie Smith (trustee joined 1/09/2020) |
Nadera Amini (trustee joined 1/09/2020) |
Manjit Kaur (trustee joined 1/08/2020) |
Charles Dacres (trustee joined 1/08/2020) |
Ashok Kumar Nair (trustee joined 1/10/2020) |
Secretary/ Trustee |
Accountants (Independent Examiners) |
Adam & Co Accountancy Ltd |
First Floor |
1 Edmund Street |
Bradford |
West Yorkshire |
BD5 0BH |
Bankers |
1 Westgate |
Shipley |
BD18 3SD |
Registered office |
Grange Interlink Community Centre |
Summerville Road |
Bradford |
BD7 1PX |
Registered number |
Registered number at Charities Commission is 1124251 |
Registered number is 05298722 at Companies House |
Private company limited by guarantee without share capital |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Current assets | |||||||
Debtors | 4 | - | |||||
Investments held as current assets | - | - | |||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
||||
Net current assets | |||||||
Net Assets | |||||||
Capital and reserves | 6 | ||||||
Income and expense account | |||||||
Capital and reserves | |||||||
- | - | ||||||
Mr Yusuf Karolia (Chair) | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Charitable expenditure | ||||||||
and comprises the following :- Costs of raising and generating funds The costs of raising and generating funds includes fees incurred in respect of management fees. |
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a. Costs of raising and generating funds | ||||||||
b. Grants and donations payable in furtherance of the charity's objectives | ||||||||
c. Activities in furtherance of the charity's objectives | ||||||||
d. Management and administration of the charity | ||||||||
Winding up or dissolution of the charity | ||||||||
If upon winding up or dissolution of the charity there remain any assets, after the | ||||||||
satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall | ||||||||
be transferred to some other charitable body or bodies having similar objects to the charity. | ||||||||
Analysis of incoming resources and analysis of management | ||||||||
and administration costs | ||||||||
The details required by the Statement of Recommended Practice for Accounting and | ||||||||
Reporting issued by the Charity Commissioners for England & Wales | ||||||||
are shown in the Statement of Financial Activities (income and expenditure account). | ||||||||
Equipment, furniture and it policy | ||||||||
These are written off through income and expenditure accounts. | ||||||||
Debtors | ||||||||
Creditors | ||||||||
2 | (i) Donations and income generated as a charity | 2024 | 2023 | |||||
£ | £ | |||||||
Donations and grants | 163,230 | 95,603 | ||||||
Adjustment to reserves | - 418 | 84 | ||||||
Interest receivable | 6,204 | 3,177 | ||||||
(ii) Costs of activities in furtherance of the charity's objectives | ||||||||
Direct costs and administration costs | 134,835 | 153,897 | ||||||
3 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
There were no employees with emoluments in excess of £50,000 per annum | ||||||||
4 | Debtors | 2,024 | 2,023 | |||||
£ | £ | |||||||
Trade debtors | - | |||||||
5 | Creditors: amounts falling due within one year | 2,024 | 2,023 | |||||
£ | £ | |||||||
Trade creditors and accruals | ||||||||
Attachments, student loans and | pensions | 273 | 452 | |||||
Taxation and social security costs (PAYE/NI) | ||||||||
6 | Analysis of assets and liabilities representing each of the charity's funds | |||||||
Representing capital reserves | ||||||||
At 31 March 2024 (Current year) |
Unrestricted funds |
Restricted funds |
Designated funds |
Total Funds |
||||
£ | £ | £ | £ | |||||
Tangible fixed assets | - | - | - | - | ||||
Current Assets | 20,674 | 167,271 | - | 187,945 | ||||
Current Liabilities (creditors) | - | (10,431) | - | (10,431) | ||||
Long Term Liabilities (creditors) | - | - | - | - | ||||
20,674 | 156,840 | - | 177,514 | |||||
At 1 April 2023 (Previous year) |
Unrestricted funds |
Restricted funds |
Designated funds |
Total Funds |
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£ | £ | £ | £ | |||||
Tangible fixed assets | - | - | - | - | ||||
Current Assets | 16,049 | 129,854 | - | 145,903 | ||||
Current Liabilities (creditors) | - | (2,570) | - | (2,570) | ||||
Long Term Liabilities (creditors) | - | - | - | - | ||||
16,049 | 127,284 | - | 143,333 | |||||
11% | 89% | 100% | ||||||
6 | Related party transactions | |||||||
7 | Controlling party | |||||||
8 | Other information | |||||||
Race Equality Network Limited is a private company limited by guarantee and incorporated in England. Its registered office is: | ||||||||
Grange Interlink Community Centre | ||||||||
Summerville Road | ||||||||
Bradford | ||||||||
BD7 1PX |