WALTHAM FOREST RACE EQUALITY COUNCIL
The WFREC's activities have not changed and are in line with the activities previously stated.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a surplus of £6,500, bringing total net assets to £39,214. The trustees report that unrestricted reserves are managed to cover three months of unrestricted expenditure, a policy target that the current unrestricted balance of £23,978 exceeds. The filing confirms there is no material uncertainty regarding the charity's ability to continue as a going concern despite economic pressures.
What the accounts disclose
“Policy on reserves is to hold reserves to cover three months of unrestricted expenditure.” — page 9
Trustees
- ABDI GOOLE
- Abdool Rashid Dowlut
- Tasneem Sarwar Ali
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £25k | £19k |
| 31/03/2024 | £36k | £30k |
| 31/03/2023 | £18k | £27k |
| 31/03/2022 | £37k | £31k |
| 31/03/2021 | £67k | £53k |
Common questions
Is WALTHAM FOREST RACE EQUALITY COUNCIL financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a surplus of £6,500, bringing total net assets to £39,214. The trustees report that unrestricted reserves are managed to cover three months of unrestricted expenditure, a policy target that the current unrestricted balance of £23,978 exceeds. The filing confirms there is no material uncertainty regarding the charity's ability to continue as a going concern despite economic pressures. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 20/09/2024 | £12k | Go Active, Get Health, Get Into Sports &Physical Activities. |
| The National Lottery Community Fund | 28/09/2023 | £10k | IMPROVING LIVES OF FORGOTTEN HUMAN BEINGS SUFFERING COST OF LIVING CRISIS. |
| Sport England | 30/03/2023 | £15k | Getting Refugees, Asylum Seekers & Immigrants Active |
| UK government | 15/09/2020 | £32k | Coronavirus Community Support Fund |
| Sport England | 21/11/2019 | £10k | Get Healthy Get Active Project for Rebuilding Lives |
| The National Lottery Community Fund | 23/11/2005 | £5k | Capacity Development Project |