Race Equality Network Limited - Filleted accounts

Registered number

05298722

Race Equality Network Limited

Filleted Accounts

31/03/2024

Race Equality Network Limited

(R E N)

Company Information

Directors/ Trustees

Mr Yusuf Karolia (chair joined 1/10/2000)

Ashok Kumar Nair (trustee joined 1/10/2020)

Evi Manning (Secretary) (trustee joined 27/06/2024)

Shadim Hussain (trustee joined 1/10/2020)

Deepak Sharma (treasurer joined 27/06/2024)

Peter Tate (trustee joined 27/06/2024)

Charles Dacres (trustee joined 1/08/2020)

Mushtaq Hussain (trustee joined 27/06/2024)

Satrio Nindyo Istiko (trustee joined 27/06/2024)

Kashif Nishat Ahmed (trustee joined 27/06/204)

Katarina Dome (trustee joined 27/06/204)

Carol Peltier (trustee joined 27/06/204)

Mohammed Joynal Uddin (trustee joined 27/06/204)

Aisha Hussain (trustee joined 27/06/204)

Secretary/ Trustee

Dr Mohammed Salam (trustee joined 1/10/2000)

Accountants (Independent Examiners)

Adam & Co Accountancy Ltd

First Floor

1 Edmund Street

Bradford

West Yorkshire

BD5 0BH

Bankers

Virgin Money (Yorkshire Bank)

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

Race Equality Network Limited
Registered number:		05298722
Balance Sheet
as at 31 March 2025

Notes			2024			2023
£				£
Current assets
Debtors	4	46,500			-
Investments held as current assets		-			-
Cash at bank and in hand		106,145			187,945
		152,645			187,945

Creditors: amounts falling due within one year	5	(6,056)			(10,431)

Net current assets			146,589			177,514

Net Assets			146,589			177,514

Capital and reserves
Income and expense account			146,589			177,514

Capital and reserves			146,589			177,514
			-			-
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr Yusuf Karolia (Chair)

Approved by the board on 6 November 2025

Race Equality Network Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Charitable expenditure
	Charitable expenditure includes all expenditure directly related to the objects of the charity 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.
	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
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	(i) Donations and income generated as a charity					2025		2024
£							£
	Donations and grants					198,155		163,230
	Adjustment to reserves					-		- 418
	Interest receivable					2,204		6,204

	(ii) Costs of activities in furtherance of the charity's objectives
	Direct costs and administration costs					231,284		134,835


3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4

	There were no employees with emoluments in excess of £50,000 per annum

4	Debtors					2025		2024
£							£

	Trade debtors					46,500		-


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors and accruals					3,657		8,290
	Attachments, student loans and	pensions				271		273
	Taxation and social security costs (PAYE/NI)					2,128		1,868
						6,056		10,431

6	Analysis of assets and liabilities representing each of the charity's funds
	Representing capital reserves
	as at 31 March 2025	Unrestricted funds		Restricted funds		Designated funds		Total Funds
	as at 31 March 2025	Unrestricted funds		Restricted funds		Designated funds		Total Funds
£			£		£		£
	Tangible fixed assets	-		-		-		-
	Current Assets	16,791		135,854		-		152,645
	Current Liabilities (creditors)	(606)		(5,450)		-		(6,056)
	Long Term Liabilities (creditors)	-		-		-		-
		16,185		130,404		-		146,589

		11%		89%				100%







	Representing capital reserves
	as at 31 March 2024	Unrestricted funds		Restricted funds		Designated funds		Total Funds
	as at 31 March 2024	Unrestricted funds		Restricted funds		Designated funds		Total Funds
£			£		£		£
	Tangible fixed assets	-		-		-		-
	Current Assets	20,674		167,271		-		187,945
	Current Liabilities (creditors)	(501)		(9,930)		-		(10,431)
	Long Term Liabilities (creditors)	-		-		-		-
		20,173		157,341		-		177,514

		11%		89%				100%
7	Related party transactions

	There were no other related party transactions except that some trustees are involved with other non profit making organizations.

8	Controlling party

	The directors (trustees) have control over the company.

9	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