Registered number." 0252￿00 Charity number.- 1023182 Karlbu Education C•ntrè REPORT AND ACCOUNTS FOR THE YEAR ENDED 3110312025 Pr•parod By.. Kojo & Co Chartered Certified Ac(x)untants Karibu Education Centre FINANCIAL STATEkfjENTS FOR THE YEAR ENDED 3110312025 TRUSTEES Clovis Reid Vemon Wilkinson Harri$ Elaine Sylvena Holn8SS SECREfARY Vemon Harrls REGISTERED OFFICE 7 Gresham Road Brixton London SW9 7PH COMPANY NUMBER 02529000 CHARITY NUIABER 1023182 ACCIXINTANTS Kojo & Co Chartered Certrfied Accountants pag8 1 Karibu Education C•ntro ACCOUNTS FOR THE YEAR ENDED 3110312025 CONTENTS Page Re￿Irt ofthe Trustee$ Independ8nt Examinerts Statement State￿￿nt of Finandal ALtMties Balance S 10 Notes to the Accounts 11 to 15 Detailed Statement of Financial Actiwties 14 pag8 2 Karibu Educatlon Centr• FOR THE YEAR ENDED 3110312025 TRUSTEES. REPORT tNstees present their report and accounts for the year ended 3110312025 PRINCIPAL ACTIVITIE8 The principal activity of fhe charity in the year were 8dvancement of educaknn, training, social wdfare, recseational and leisu f8cililies for Ch￿dren and other groups in ¢h8ritable organ1sali￿s. The company 15 a nol-for*rofrt organisatic￿, and its operations a￿ fvnded by other charitable organis8th)ns. The rgsults for thè yèar are given In 1htr attached accujnts. The company does not have a share capjtal. The 118billty of Its men*Jers is Ilmlted by guarantÈe. Any SUrp￿S is rètsined to fUrt￿r ks activille8. STRUCTURE GOVERNANCE AND MANAGEMENT Name." Karibu Edu￿￿On Centre Company regsrtrtion numb8r 02529000 Charity R￿iStratIOn number.. 1023182 Règlstered Offi￿.. 7 Grasham Road LondonSW9 7PH D¥ectors.. Elain& Syfv6na Holness Clovis Reid Vemon Hanls Cornpany Secretary.. V8mon Harris Trustees.. Clovis Reid Kathy White Vemon Hams Bankers Natsvest Bank PIC 504 Brixtr)n Rtsad London SW9 8EB Independent Examioner. Kolo Amoah-Arko Kolo & Co Ltd Charte￿￿ Cartffied Accountsnt 11&120 London Road Mltcham, Surrey CR4 3LB page 3 Karibu Educatlon Cent FOR THE YEAR ENDED 3110312025 TRUSTEES, REPORT REVIEW OF PAST ACTIVITIES The Karibu Edurknn centr￿ yet another thall8nglro year. With no sign of a promi88d oiant of approximatety £54,000 for urgent repair5 tot he Centr8. The staff and the Trustee3 were able to r*Try Out essentlal repairs. with IltNted funds". Ihe hall hire remmains our main source of income. The first 4 months of the caendgr year Saw high levels of voids., this in tvm impa¢ied our in¢ome. We We￿ able lo ￿ts1￿ ￿Jr core stsff and continued to pay the London Lmng Wage dèspite the struggles. Jr Local Auth(ty IM￿Sed businas$ rates al the discretionary18vel of ovgr£7,000 for a second y8ar. be￿￿$8 of th8 financial pressures th8yare eXperien￿ThJ. Karibu Edu¢ath)n Cents wère still a￿@ to Service our otrAigation to rèp8y the bouncèd bad(108n. Our c4)mftNtmgnt lo se￿e Ihe communty was challenged with huge engrgy bills. and wth insufficient regjurces for mueh-needed 8UPPOrt, Wg were unabb to deliver our Sutnmw Programffle. Wrth the r8k￿lIon Ll the Centre's dlrgckv to Stsmgr8et, we had to d81ay Ihe Ethrs proyramme. th8 drama and oducathonal Drogramies. FUTURE DEVELOPMENTS Karibu Education Centre hopes to Launch the Eldèrs pwramm8 onè thal encour89è9 our seniorg to enjoy th8 freedom of the city, have lunches, attend workshops on health and w8llbèiro, bedifits advice, wealth and estate plBnnlng. Thè MUC￿8waIt&d drama progomme on Tue5d8ys fo r young peopk a9ed 8 years to 19 year5, in conjunction with the Actors wodtshop and Actors on the London Sla9&. Kgrilxj Edu¢alion Contre wll bo r61aunGhillg our supplemerhtary eLlucatlon programm8 and txxjsting from 8 years to 18 y$ars. No year for LFS is ¢omplele wthoul our sjmmer programm¢ so by 2026 w6 wlll be ready to take our prlority childr8n age 8 years to 18 years lo Iheme parks. thoatre, cinema. seasSdè. etc. The young people will be provlded with a fvshly cook8d lU￿h each. whlle they a￿ in the Centrg pagg 4 Karlbu Education Centre FOR THE YEAR ENDED 3110312025 TRUSTEES. REPORT along wtth PTofÈssion81 staff to educate, guide and support Ihem. Who are the priorities for our services. espociaNy our Summer programmtr? Child￿n in receipt of free $¢hool meals. chddren with no recourse ¢0 putlic fvnds, rJ)I￿ren in kinship arrdngem8nts, young car9rs, cJ)ildren of kewrkers Bhnglng the community together Karibu Educalon Cantre will b& launching our Intergeneration ¢vtrnts locklThJ al 8ffadve par¢nNng, cr8aling dlamonds ralhor than marshmallov& thrO￿h food. dance, tslks, workshops, ord and written history. What are our FM8ns forthe Building7 Karibu Educat￿￿ Cgnlre is an l(L>n￿ builjing in ngeLI of urgent refurbishment. we need to be mors energy effident. We cal the Centre a y Duchsss and can't wah until she lak8s a pla￿ standing in all her glory The for*wurt and wals nasd lo be renovBtgd The èxterior needs to ￿ ￿[urbished. so18r p8neL8 fitted. Insulatetr. and redecorated. G8tes need to b8 filted to the Cgntre's ￿ndary The entranc8 and ground floor r•furblsh8d and r8dgcorated'. new olothcal fittings, tho toll8ts, bar, kilchon. e8iling aThJ fk￿r. l the tOl￿ts and classrtws need to be renovated and redo¢orated The Centre ￿ed$ to be made more accessible with a bft fitted eventU811y. The stairs throughout the Centre need to be re￿￿ISh￿j and new flO￿ng$ frtted. The Olive Mortis Hall needs lo be ronovated aThJ r￿8c[￿at8￿. STATEMENTOF DIRECTORS AND TRUSTEES RESPONSIBIL￿lEs Thè directors and tnJ5t888 are required by law lo prepar6 finanrial statements for each financlal year which give a true and fair wew of the stale of affairs of thg charity and of its rèsult for the year. In preparing th05& fin8ncial statements th8 Iruslees required to.. a) Select sultable acLx)unting rKJlicies and apply them consistent bl Makejudgemènts and estimatas that are reason81Ie and prudent cl Stste whether thè policies adopted are in accordan(t wtth applicabl#accounling standards, subject lo any material departures and eyplained in the financial statements.. page 5 Karibu Educatlon Centr• FOR THE YEAR ENDED 3110312025 TRUSTEES. REPORT dl Prapare the fln8n¢lal statements on a gotng conc8m basls tsnlè8s It Is Inapproprlate lo assu￿ that the charity will confjnue In operation. The directors and trustèes are ￿ponSIble for keeping rjroper accountirKJ records vjhich di%tanAp. ￿th rèasonable aecuraey at any me the financial wsilion of the charity and enable them to 8nsure that th8 fillancial statements eomply with the Companies Act 2006. They are also responslble for safaguarding the assets of the charrty and hence for taking reasonable steps for the prevent'on and deteclh)n offrdud and other Ir¥eg￿arf￿￿. report was pr6par&J in accorda￿• wtth the specid provisions within Part 15 of the Companies Act 2006 The report was p￿pared in accordance vAth Ihe spèch?I provlsions V￿1n Part 15 01 th8 Compantos Act 2006. Thi5 rerKrt was approved by Board of Trustees on 1010312026 Clovis Reid Twstee pag& 6 Karibu Educatlon Centre INDEPENDENT EXAIIINER'S STATEMENT FOR THE YEAR ENDED 3110312025 INDEPENDENT FAAMINER'S REPORT TO THE TRUSTEES OF KARIBU EDUCATION CENTRE I repr>rt on the accounts of the company forthe year ended 31rt)3r2025 . RESPECTIVE RESPONSIBIUTIES OF TRUSTEES AND EXAMINER The trustees (who are akn the dir8ctors of ihè wmpany f¢y the purposes of company lawl ar8 r8sponsib19 kn th8 Prepara￿On of tha a¢¢ounts. The trustees consider that an audit is not require(1 for Ihis year under section 144121 of the charib.es Act 2011 Ilhe 2011 Acll and that an Indepondent examination is needed. The charitys gross income exceeded £250,000 and l am qualffjed ￿ undertake the examinab'on by being a qualified member of . Having salisfigd Mys0￿ that the charity is not 8Utied to an audit under company law and is eligible for independ8nt examination, it is my ￿5￿K)nSIbIlity to.. - examine the ac£ounts under sectlon 145 of the 2011 Atst,. - follow the procedures lai¢J down in Ihe general Dir8¢b'ons glven by the Charity Commission under secOon 1451511bl of the 2011 Ad.. and - state whether parti¢xJlar matters have come to My attention. BASIS OF INDEPENDENT &XAMINERS STATEMEMr My èxamlnation w8s carrfed o(rt in accordance wth general Dlrectlons glvan by the Charty CommigsK)n. An examination includes rewew of the a￿mJntin9 records kept by the ckiarity and a ¢omparison of the aco)unts present8d with thoso records_ It also indudes )naidoration of any uiiusual iluiiib ur ¢Ji5ck)sures In tne a￿oUnts, an(J s98king explanations from yoll as truste*s conc&ming any such matters. The procedures undertaken do not provide all the evldence that would be required in an audit, and consequendy no opinion is given as lo ¥thelher the accounts present 8 Irue and f8rr wevf and the report is limited to those m8tter8 set out in the ststemenl bdow. pag8 7 Karfbu Education Centre INDEPENDEiif EXAMINER'S STATEMENT FOR THE YEAR ENDED 3110312025 INDEPENDETr￿ FAAPAINERS STATEMENT In connection with my exarnination. no matter has come to my attention.. 111 which gives me ￿8$O￿able r5JU￿￿ tn hr*li8vg th¥t in any matorial rgEpo¢t thc rcguirements= - to keep accounllng records In acryJrd8nce Mth seetion 386 of the Companies Act 21J06; and to prèpare accounts which accord with the accounting recofds, comply with the accounting requirements of section 396 of the Ctsmpanies Act 2006 and wilh the methods and principles of the Statement of Recornmendgd Practice. Acc(yJnts'n9 and Rewbng by Chantias have not beèn rnel,. or 121 to whl¢h, in rny oplnion. attenlon 3hould be drawn in order to 8nable a proper understsndlng of the occounts to bg reachad Date.. 1010W2026 Kojo & Co Charteredrerbfied A¢￿Untants page 8 Karibu Education Centre St4temtnt ol Finan¢lal ActlvFlles for thg yw ondèd 3110312025 2025 2024 Unrestrtcted Restricted funds funds Total Total Incom• Incom• from w8ratsd furrds Othertradlng aCtI￿treS Incom& from charilabk activitles Total In¢om• ond endowmonts Expensès Costs of 9en&rating fvnds Expenditure on Raised funds Exp8ndlture on Charilable acuvities Total Exponses Not galn$ on inv•$tm?nts Net Income 25,233 107,774 133,007 25,233 14, 123 107.772 97,854 133.005 111,9TT 20.858 101,871 122,729 20.858 13,472 4,361 106,230 118,663 4.361 127,lJ88 132,135 10,278 14.361) 4917 (20, 158) Gainslllosses) on revaluatk4n of flxéd a8sest$ Not mov•m•nt in funds: incomo ftsr yoar Total lunds brotsghl forward N•t l￿d¥ carrled forward 10,278 14,361) &917 (20, 158) 130,868 50,991 181,859 202,017 141,146 46,630 187,776 t81.859 This ststement of finaneial acb'vities ￿dudeS all g8ins and k)sses recognised in the year. All inc4)me and expenditure derivè frorn eonlinuing 8c*vit pag8 9 Karib￿ Education Centre BALANCE SHEET AT 3110312L125 2025 2024 FIXED ASSETS Tangiblè assets 197,861 202.222 CURRENT AaSET8 Cash al bank and in hand 3,066 3,066 4,530 2,380 2,380 7,410 CREDITORS.- Amounts falllng du• wlthln one y•ar NET CURRENT LIABILrriES TOTAL ASSETS LESS CURRENT LIABILITIES 1,464 196.397 5,030 197, 192 CREDITORS: Amounts falling duè aft•r mor• than on& year NET ASSETS 8.621 15,333 187.778 18f.859 CAPITAL AND RESERVES Unr8str5ctod funds General fund R•strlct•d fund8 141,146 46,630 187,778 130.868 .991 181.859 For the year ending 3110312025 the ccfflpany was enb'ued to exempti￿ LW)¢Ér section 477 of the Companies Act 20(￿ rslaling to small companies. Th8 Tllembars have not required the company lo cd)tsln an audit In accordance ￿th Se￿0￿ 476 ofth8 Companks Act 20(K. The direet(Trrs acknth￿edge thèir responsibilities for Com[￿￿ng wth the requirernents of the Act with respoct to artounting records 8nd th8 preparation of accounts. These a￿oUntS have been prepared in acCOrd8n￿ Wtth the pwsions applica￿0 lo comp8nies subject to tho small companies regime. Approved by the board of trust•gJ on 1010312026 and slgnad on their behalf by Elaine Syfvena Holness TNslee page 10 Karlbu Educatron Centre NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3110312025 1. ACCOUNTING POLICIES la. Basis Of A¢counting The ￿OUnts have prepared urKler the historlcal cost cA)nv8nlion. The accounts have be&n prepa￿d in accordance wilh FRS102- The Financial Rewtiry Standard ap￿1CatAe in the UK and Republic of Ireland and the Companies Act 21J06 and the requirements ofthe Ststement ol Recommended Practi￿. AccoLtnling aThJ Reporting by Charib'es. 1b. Incomlng R¢sourc8s l incoming r8sources are induded on the Statement of Flnancial A¢UvFties when thè charty is legalty enlU8d to the income and the amount ¢an b& quantified with rtsasonatAe accuracy. l& Resoure•$ Exponded Expenditure L8 accounted for on an acauals basis and has baen classified undor headings that aggrgJate all cost r818ted to the cat8gory. Where costs cannot be direcuy attributed to particular headings they have ba8n aHoc4led to activitie5 on a basis consistent wrth the use of reSoU￿s. 1