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Registered number: 02529000 Charity number: 1023182
Karibu Education Centre
REPORT AND ACCOUNTS FOR THE YEAR ENDED 31/03/2021
Prepared By: Kojo & Co Certified Accountants 118-120 London Road Mitcham Surrey CR4 3LB
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Karibu Education Centre
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2021
TRUSTEES
Vernon Wilkinson Harris Vernon Wilkinson Harris Elaine Sylvena Holness
SECRETARY
Vernon Harris
REGISTERED OFFICE
7 Gresham Road Brixton London SW9 7PH
COMPANY NUMBER 02529000
CHARITY NUMBER 1023182
ACCOUNTANTS
Kojo & Co Certified Accountants 118-120 London Road Mitcham Surrey CR4 3LB
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Karibu Education Centre
ACCOUNTS FOR THE YEAR ENDED 31/03/2021
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 8 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Accounts | 12 to 17 |
| Detailed Statement of Financial Activities | 16 |
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Karibu Education Centre
FOR THE YEAR ENDED 31/03/2021 TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2021
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year were the advancement of education, training, social welfare, recreational and leisure facilities for children and other groups in charitable organisations.
The company is a non-profit making organisaton and its operations are funded by other charitable organisations.
The results for the year are given in the attached accounts.
The company does not have a share capital. Theliability of its members is limited by guarantee. Any surplus is retained tofurther its activities.
STRUCTURE GOVERNANCE AND MANAGEMENT
Name: Karibu Education Centre
Company registration number: 02529000
Charity regisration number: 1023182
Registered office 7 Gresham Road
London SW9 7PH
Directors Ms Elaine Sylvena Holness
Noreen Chambers
Vernon Wilkinson
Company Secretary NoreenChambers Independent examiner Kojo & Co Ltd Chartered Certified accountants 118-120 London Road Mitcham, Surrey CR4 3LB
Bankers Natwest Bank Plc 504 Brixton Road, London SW9 8EB
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Karibu Education Centre
FOR THE YEAR ENDED 31/03/2021 TRUSTEES' REPORT
TRUSTEES
Clovis Reid Kathy White Vernon Harris
REVIEW OF PAST ACTIVITIES
The year ended 2021 was the most challenging year to date for the organisation.. Hall hire income was decimated. Karibu is reliant on the hall hire to meets its core cost,. With the Pandemic all.similar businesses were closed and we had to refund our clients all the monies paiid to us. We applied for whatever grants were available and took out a bounced back loan
SUMMER PROGRAMME
The decision to offer a socially distanced Summer programme was a brave one and one that was an effective response to the needs of the young people. Karibu Education Centre have always priotitised Children in receipt of free school meals, Children whose parents have no recourse to public funds, children in Kniship arrangements, young carers and this year children of key workers. The children relished the opportunity to socialise, all be it with masks on,.They enjoyed the trips that were within London. We managed to go to Greenwich by Uber boat from Vauxhall. We had the first group booking since the lockdown at the Maritime Museum. Museum. The food was the usal hit, and they never fiorgot to demand their fresh fruits with each meal.
PARTNERSHIPS
Brixton BMX club hosted us for a season and the young people enjoyed being trained by professionals who were training young people for the Olympics. The young people enjoyed a trip to Myatts Fields with its Water park, this was as close as we were able to get to the beach this summer.
We negotiated the use of Max Roach Park, the Street Drinkers had to find an alternative and we had to sweep up the broken glass too make it safe for the young people to play.
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Karibu Education Centre
FOR THE YEAR ENDED 31/03/2021
TRUSTEES' REPORT
EDUCATION, EDUCATION, EDUCATION
We decided to recruit qualified and experienced teachers to deliver English, Maths and Science to the children who have suffered a deficit in their learning and this needed to be addressed. The children enjoyed their studies and left the programme going back to schoool more confident in themselves and their abilities.
GO KARTING
The young people chose Go Karting as their end of year Treat. It was competitive and beyond the reach of most families for a birthday treat so they were all excited and id their best to win.
PRESENTATION TO THE FAMILIES
The young people worked on a presentation for thier families in the form of a Dance and a Afternoon Tea..
FINDINGS FROM THE SUMMER PROGRAMME
A review of the Summer Programme showed that families lacked the technology for effective home learning, having to share one device among four. We will try in future to source additional kits. With the No Bikes at home, some children did not own own a bike, so we purchased 4 new bikes and 4 preloved bikes. We presented some children with watches as they were using their phones to tell the time.
.
FUTURE DEVELOPMENTS
Survival post Cov-d-19
As we gradually come out of the Covid-19 pandemic, the trustees are discussing plans to bring the centre's actitivies into its normal level.
In the coming year, Karibu would be launching the Kinship Carers support group. This will support families and close friends who are
caring for children when for a variety of reasons, their natural parents are unable to care for them
RESERVE POLICY
Karibu Education Centre aims to achieve a balance of reserve equa to 6 month's operating cost. the unrestricted reserves after adjusting for the fixed assets is less than that. However the trustees consider that the current level is adequate in the
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Karibu Education Centre
FOR THE YEAR ENDED 31/03/2021
TRUSTEES' REPORT
light of continuous flow of cash from activities in support of the charitable objectrives.
PUBLIC BENEFIT
Karibu Education Centre Limited exists to facilitate the improvement in education and training of children who are excluded from the educarional
establishment. It also provides recreational and leisure time activities for such children and young people. In addition it projects capacity building for economically disadvantaged members of the African and Caribbean communities.
Whjen planning activities activities or the year we have considered the Charity Commission's guidance on public benefit and in particular the guidance on charities for advancement of education.
STATEMENT OF DIRECTORS AND TRUSTEES RESPONSIBILITIES
The directors and truistees are required by law to prepare financial statements for each financial year which give a true and fair view
of the state of affairs of the charity and of its results for that year. In preparing those financial statements the trustees are required to:
a ) Select suitabkle accounting policies and apply them consistently
b) Make judgements and estimates that are reasonable and prudent
c) State whether the policies adopted re in accordance with applicable accounting standards, subject to any material departures
disclosed and explained in the financial statements;
d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will
will continue in operation.
The directors and trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
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Karibu Education Centre
FOR THE YEAR ENDED 31/03/2021
TRUSTEES' REPORT
at any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of thecharity and hence for taking reasonable
steps for the prevention and detrecton of fraud and other irrergularities
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. Vernon Wilkinson Harris
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Karibu Education Centre
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KARIBU EDUCATION CENTRE
I report on the accounts of the company for the year ended 31/03/2021 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Assocition of Chartered Certified Accountants .
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. 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 disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
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Karibu Education Centre
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2021
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
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
...................................................
Date: 06/05/2022
Kojo & Co Certified Accountants 118-120 London Road Mitcham Surrey CR4 3LB 02086468113
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Karibu Education Centre
Statement of Financial Activities for the year ended 31/03/2021
| Income Income from generated funds Donations and legacies Other trading activities Total Income and endowments Expenses Costs of generating funds Expenditure on Raised funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestricted funds £ 112,641 20 112,661 7,825 130,294 138,119 (25,458) (25,458) 207,095 181,637 |
Restricted funds £ - - - - 4,361 4,361 (4,361) (4,361) 68,435 64,074 |
2021 Total £ 112,641 20 112,661 7,825 134,655 142,480 (29,819) (29,819) 275,530 245,711 |
2020 Total £ 21,760 101,434 |
|---|---|---|---|---|
| 123,194 | ||||
| 19,973 149,241 |
||||
| 169,214 | ||||
| (46,020) | ||||
| (46,020) 321,550 |
||||
| 275,530 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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Karibu Education Centre
| BALANCE SHEET AT 31/03/2021 Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 4 NET CURRENT ASSETS / (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after more than one year 5 NET ASSETS CAPITAL AND RESERVES Unrestricted funds 7 General fund Restricted funds 8 |
23,878 23,878 14,297 |
2021 £ 269,128 9,581 278,709 32,998 245,711 181,637 64,074 245,711 |
4,872 4,872 21,109 |
2020 £ 291,767 (16,237) |
|---|---|---|---|---|
| 275,530 - |
||||
| 275,530 | ||||
| 207,095 68,435 |
||||
| 275,530 |
For the year ending 31/03/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 06/05/2022 and signed on their behalf by
............................. Elaine Sylvena Holness Trustee
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Karibu Education Centre
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings 4% Equipment 25%
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Karibu Education Centre
2. EMPLOYEES
2021 2020 No. No. Average number of employees 5 5
3. TANGIBLE FIXED ASSETS
| Cost At 01/04/2020 At 31/03/2021 Depreciation At 01/04/2020 For the year At 31/03/2021 Net Book Amounts At 31/03/2021 At 31/03/2020 |
Land And Buildings £ 545,077 545,077 255,646 21,803 277,449 267,628 289,431 |
Fixtures and Fittings £ 46,577 46,577 46,576 - 46,576 1 1 |
Equipment £ 66,179 66,179 63,845 836 64,681 1,498 2,334 |
Motor Cars £ 26,445 26,445 26,444 - 26,444 1 1 |
Total £ 684,278 |
|---|---|---|---|---|---|
| 684,278 | |||||
| 392,511 22,639 |
|||||
| 415,150 | |||||
| 269,128 | |||||
| 291,767 |
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors |
2021 £ 295 4,132 9,870 14,297 |
2020 £ 5,540 8,082 7,487 |
|---|---|---|
| 21,109 |
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Karibu Education Centre
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
|---|---|---|
| Bank loans and overdrafts | 2021 £ 32,998 32,998 |
2020 £ - |
| - |
Included in other creditors are:
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Karibu Education Centre
6. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1.00, to the company should it be wound up. At 31/03/2021 there were 4 members.
7. UNRESTRICTED FUNDS
| General fund | Brought forward £ 207,095 207,095 |
Incoming resources £ 112,661 112,661 |
Outgoing resources £ (138,119) (138,119) |
Transfers £ - - |
Carried forward £ 181,637 |
|---|---|---|---|---|---|
| 181,637 |
8. RESTRICTED FUNDS
| Brought forward £ 68,435 68,435 |
Incoming resources £ - - |
Outgoing resources £ (4,361) (4,361) |
Transfers £ - - |
Carried forward £ 64,074 |
|---|---|---|---|---|
| 64,074 |
Property Purchase fund
Donations received for the purchase of 7 Gresham Road
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Karibu Education Centre
| Incoming Resources for the year ended 31/03/2021 Incoming resources Incoming resources from generated funds Grants- Covid-19 Grantrs- The Hadley Trust Covid -19 grants Other Hire of halls Catering Sundry donations |
62,000 81,641 - - 20 |
2021 £ 143,641 112,641 20 20 112,661 |
- - 85,005 15,172 1,257 |
2020 £ - 21,760 101,434 101,434 123,194 |
|---|---|---|---|---|
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Karibu Education Centre
| Expenses for the year ended 31/03/2021 Expenses Costs of generating funds Fundraising Trading Costs Function cost Charitable Activities 20 Rates Heat and light Cleaning Repairs and renewals General wages Premises licence Professional fees Insurance Stationery & office supplies Telephone Security costs Bank charges Sundry expenses Depreciation of land and buildings Depreciation of equipment Governance Costs Voluntary expenses |
2021 £ 7,825 7,825 7,825 204 12,454 2,978 24,889 55,768 530 2,500 7,227 27 3,639 1,171 598 33 21,801 836 134,655 - - 142,480 |
2020 £ 19,973 |
|---|---|---|
| 19,973 | ||
| 19,973 379 13,097 2,026 5,762 74,872 2,485 5,040 6,349 432 3,671 - 854 168 21,802 836 |
||
| 137,773 | ||
| 11,468 | ||
| 11,468 | ||
| 169,214 |
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