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2022-03-31-accounts

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Registered number: 02529000 Charity number: 1023182

Karibu Education Centre

REPORT AND ACCOUNTS FOR THE YEAR ENDED 31/03/2022

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 31/03/2022

TRUSTEES

Noreen Chambers Vernon Wilkinson Harris Elaine Sylvena Holness

SECRETARY

Noreen Chambers

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 31/03/2022

CONTENTS

Page
Report of the Trustees 3
Independent Examiner's Statement 7
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 15
Detailed Statement of Financial Activities 14

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Karibu Education Centre

FOR THE YEAR ENDED 31/03/2022 TRUSTEES' REPORT

The trustees present their report and accounts for the year ended 31/03/2022

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 31/03/2022 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.

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.

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Karibu Education Centre

FOR THE YEAR ENDED 31/03/2022

TRUSTEES' REPORT

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 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

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Karibu Education Centre

FOR THE YEAR ENDED 31/03/2022

TRUSTEES' REPORT

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

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 31/03/2022

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KARIBU EDUCATION CENTRE

I report on the accounts of the company for the year ended 31/03/2022 .

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:

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 31/03/2022

INDEPENDENT EXAMINERS STATEMENT

In connection with my examination, no matter has come to my attention:

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: 30/03/2023

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 31/03/2022

Income
Income from generated funds
Donations and legacies
Other trading activities
Income from charitable 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
£
20,684
8,322
56,572
85,578
8,411
101,017
109,428
(23,850)
(23,850)
181,637
157,787		 Restricted
funds
£
-
-
-
-
-
4,361
4,361
(4,361)
(4,361)
64,074
59,713		 2022
Total
£
20,684
8,322
56,572
85,578
8,411
105,377
113,788
(28,210)
(28,210)
245,711
217,501		 2021
Total
£
112,643
20
-
112,663
7,825
134,657
142,482
(29,819)
(29,819)
275,530
245,711

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 31/03/2022
Notes
FIXED ASSETS
Tangible assets
3
CURRENT ASSETS
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
4
NET CURRENT (LIABILITIES) / ASSETS
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
Designated funds
Restricted funds
8		 9,155
9,155
9,872		 2022
£
246,489
(717)
245,772
28,271
217,501
137,104
20,684
59,713
217,501		 23,878
23,878
14,297		 2021
£
269,128
9,581
278,709
32,998
245,711
181,637
-
64,074
245,711

For the year ending 31/03/2022 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 30/03/2023 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 31/03/2022

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%

1g. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

2. EMPLOYEES

2022 2021
No. No.
Average number of employees - 5

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Karibu Education Centre

3. TANGIBLE FIXED ASSETS

Land
And
Buildings
£
Cost
At 01/04/2021
545,077
At 31/03/2022
545,077
Depreciation
At 01/04/2021
277,449
For the year
21,803
At 31/03/2022
299,252
Net Book Amounts
At 31/03/2022
245,825
At 31/03/2021
267,628
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans and overdrafts		 Fixtures
and
Fittings
£
46,577
46,577
46,576
-
46,576
1
1		 Equipment
Motor
Cars
£
£
66,179
26,445
66,179
26,445
64,681
26,444
836
-
65,517
26,444
662
1
1,498
1
2022
£
943
1,389
7,540
9,872
2022
£
28,271
28,271		 Motor
Cars
£
26,445		 Total
£
684,278
26,445 684,278
26,444
-		 415,150
22,639
26,444 437,789
1 246,489
1 269,128
2021
£
295
4,132
9,870
14,297
2021
£
32,998
32,998

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 31/03/2022 there were 4 members.

7. UNRESTRICTED FUNDS

General fund Brought
forward
£
181,637
-
181,637		 Incoming
resources
£
64,893
20,684
85,577		 Outgoing
resources
£
(109,426)
-
(109,426)		 Transfers
£
-
-
-		 Carried
forward
£
137,104
20,684
157,788

8. RESTRICTED FUNDS

Brought
forward
£
64,074
64,074		 Incoming
resources
£
-
-		 Outgoing
resources
£
(4,361)
(4,361)		 Transfers
£
-
-		 Carried
forward
£
59,713
59,713

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 31/03/2022
Incoming resources
Incoming resources from generated funds
Grants- Covid-19
Grantrs- The Hadley Trust
Covid -19 grants
Other
Sundry donations
Charitable Activity
Catering services
Hire of hall		 -
20,684
8,322
25,480
31,092		 2022
£
20,684
20,684
8,322
8,322
56,572
56,572
85,578		 62,000
81,643
20
-
-		 2021
£
143,643
112,643
20
20
-
-
112,663

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Karibu Education Centre

Expenses for the year ended 31/03/2022

Expenses
Costs of generating funds
Fundraising Trading Costs
Function cost
Charitable Activities
20
Rates
Heat and light
Cleaning
Repairs and renewals
Voluntary expenses
General wages
Premises licence
Motor and travelling expense
Professional fees
Insurance
Stationery & office supplies
Telephone
Security costs
Bank charges
Bank interest
Sundry expenses
Depreciation of land and buildings
Depreciation of equipment		 2022
£
8,411
8,411
8,411
2,019
10,720
4,038
13,535
34,313
-
295
941
2,500
7,954
568
3,678
758
518
543
358
21,803
836
105,377
113,788		 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
21,803
836
134,657
142,482

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