RICH MIX CULTURAL FOUNDATION

Charity Number: 1089163
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To advance education of the public in art and culture of all types; to work towards the elimination of racial discrimination; to promote equality of opportunity and good relations between people of different racial groups, particularly by promoting events and activities to foster intercultural diversity of migrant communities and their contribution to the economic and cultural life of the UK.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£2,526,956

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Donations and legacies £560.08k
Charitable activities £660.09k
Other trading activities £1.30m
Investments £8.72k
Other £0

Total expenditure:
£3,151,730

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Raising funds £87.60k
Charitable activities £2.13m
Other £938.29k

£0 investments gains (losses)

Total income includes £14,802 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.03m
Charitable expenditure £2.13m

People

53 Employee(s)

13 Trustee(s)

4 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • People Of A Particular Ethnic Or Racial Origin
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Tower Hamlets

Governance

Registration history:
  • 31 October 2001: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
04293133 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

13 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Priti Patel-May Trustee 17 March 2025
None on record
Angelina Bernadette John Trustee 17 June 2024
None on record
Laura Elizabeth Houghton Trustee 12 October 2023
None on record
Kevin Gruenenfelder Trustee 12 October 2023
None on record
Bhavisha Goolab Trustee 12 October 2023
None on record
Judith Kilvington Trustee 27 September 2021
None on record
Ansuya Vezendy Trustee 23 March 2020
None on record
Vineet Jasooja Trustee 23 March 2020
None on record
Sangna CHAUHAN Trustee 10 December 2018
None on record
Dylan James HASKINS Trustee 10 December 2018
None on record
Jackie O'Sullivan Trustee 12 December 2016
None on record
SHAMIM AZAD Trustee 03 April 2013
None on record
DENISE JONES Trustee
THE ALDGATE AND ALLHALLOWS FOUNDATION
Received: On time
TRINITY BUOY WHARF TRUST
Received: On time
The Portal Trust
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £2.77m £3.01m £2.77m £2.29m £2.53m
Total expenditure £3.23m £2.38m £2.73m £2.89m £3.15m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £6.45k £1.42m £860.30k £426.08k £14.80k
Income - Donations and legacies £11.96k £7.70k £12.32k £17.69k £560.08k
Income - Other trading activities £1.51m £105.98k £608.87k £881.00k £1.30m
Income - Charitable activities £875.52k £2.45m £2.09m £1.39m £660.09k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £2.06k £301 £127 £4.05k £8.72k
Income - Other £374.46k £444.81k £62.55k £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £2.08m £1.78m £2.03m £2.01m £2.13m
Expenditure - Raising funds £29.25k £78.19k £68.83k £74.07k £87.60k
Expenditure - Governance £17.03k £22.57k £30.85k £35.03k £38.34k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £5.93k £0 £0 £0
Expenditure - Other £1.11m £523.06k £636.79k £806.82k £938.29k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £13.39m £12.97m £13.33m £13.06m £12.70m
Long-term investments £0 £0 £0 £0 £0
Other assets £642.91k £1.85m £1.41m £1.04m £839.11k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £542.40k £592.88k £585.53k £548.53k £606.96k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 29 January 2025 On Time
Accounts and TAR 31 March 2024 29 January 2025 On Time Download Open in new window
Annual return 31 March 2023 29 January 2024 On Time
Accounts and TAR 31 March 2023 29 January 2024 On Time Download Open in new window
Annual return 31 March 2022 19 January 2023 On Time
Accounts and TAR 31 March 2022 19 January 2023 On Time Download Open in new window
Annual return 31 March 2021 31 January 2022 On Time
Accounts and TAR 31 March 2021 31 January 2022 On Time Download Open in new window
Annual return 31 March 2020 08 January 2021 On Time
Accounts and TAR 31 March 2020 08 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED ON 25 SEP 2001, AS AMENDED BY SPECIAL RESOLUTION 20 MAY 2002 AND 25 OCT 2010. as amended on 04 May 2022

Charitable objects

A) TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE HISTORY OF CULTURAL DIVERSITY OF MIGRANT COMMUNITIES AND THEIR CONTRIBUTIONS TO ECONOMIC AND CULTURAL LIFE PARTICULARLY BY ESTABLISHING THE RICH MIX CENTRE AS A HOME FOR EXHIBITIONS AND BY COLLECTING PRESERVING AND EXHIBITING ITEMS OF EDUCATIONAL VALUE. B.) TO ADVANCE EDUCATION OF THE PUBLIC IN ART AND CULTURE OF ALL TYPES. C.) TO WORK TOWARDS THE ELIMINATION OF RACIAL DISCRIMINATION AND TO PROMOTE EQUALITY OF OPPORTUNITY AND GOOD RELATIONS BETWEEN PERSONS OF DIFFERENT RACIAL GROUPS PARTICULARLY BY PROMOTING EVENTS AND ACTIVITIES TO FOSTER INTERCULTURAL UNDERSTANDING, INCLUSIVENESS AND TOLERANCE AND TO PROMOTE THE VALUE OF CULTURAL ACTIVITY.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
35-47 BETHNAL GREEN ROAD
LONDON
E1 6LA
Phone:
02076137498
Email:
finance@richmix.org.uk
Website:

www.richmix.org.uk Open in new window