Cotllpany Number: 03100194 Charity Number: 1050342 Hibiscus Caribbean Elderly Association Directors) Report and FinanciAI Statements For the Year Ended 31 Marcb 202S Augu$tu$ & Co Chartered C¢rtifi¢d Accoullt*nts Hfjbiseus Caribbean Elderly Association Index Contents Le8al and Administrativ¢ Details Directors. Report Indq)endent Examiner'5 Report Statement of Fitwicial Activilies Balance Sheet 10-14 Notes to Accounts Hibiscu5 CAribbe*n Elderly AssoeiatiOD al and AdmiDistrative Detai Directors Mrs Mary Richards Mr Clifford A Headley Mrs L D Carr-Amistrong (Reslgned 07.04.2024) Mr Jephta Oparn (Appointed 29.11.2024) Secretary Clifford A Headley Company Number 03100194 Charity Number 1050342 Bankers Nat West BaTtk PIC 386 Barking Road London E13 8JB Ind¢pend¢nt Examiner A A Boafo- Brewu FCCA MBA Augusths & Co Chartered Certifi¢d Ac¢ounlant 374 Ley Street Ilford Essex 1fj14AE Registered OtTice & Busincss Address Hibiscus Community Centre Buckingham Road Stratford London E15 ISP Hibiseus Cvdribbe4n Elderly Association Direetor8l Report The Irustees, who are also directors of the charity for the purpose of the Companies Act, submit their annual rq)ort and the financial statements for the year ended 31 March 2025 which are also prepared to tneet the requirements for a directors, report and accounts for Companies Act purposes. The financial stat¢m¢nts comply with the Charities Act 2011, the Companies Act 2006. the Mcmorandum and Articles ofAssociation, and Accounting and Reporting by Charilics: Statement of Recommended Practi¢¢ applicable to charities preparing their a¢counls in accordance iyith the Financial Reporting Standard applicable in the UK alld Republic of Ireland (FRS 102) (effective l January 2015). PriDcip&l Aelivity The charity is a charitsbl¢ ¢ompany limited by guarantee and was set up on 8 September 1995 and rcgislered as a charity on 8 September 1995. It is governed by a memorandum and articles of association. The principal 8Ctiviti¢s of the company are to relieve.. l. The agyed and unemployed in particular those of Caribbean and African origin in East London by the provision of fa¢ilities for recreation or leisurc time occupation ivith the object of improving their condilions of life. 2. Poverty amongst retired persons, in particular those of Caribb¢an and Afrtcan origin in F.ast London. 3. To provide supporL a5SlStance and care to ¢ld¢rly African and Caribbean men and women. Results Th¢ financial position of the charity at the end of the financial year is as detailed in the attached rinancial stat¢menls. Income for the year ivas £37.436. Review of Aclivities Durlng the Year The Association continued to pursue its charitable objectives of promoting the welfa￿. wellbein cultural heritage and social inclusion ofolder people, particularly those of African and CaribiKan heritage, iithilst supw)rting wider Commiinity engagement and intergenerational aclivilies. During the year th¢ Association delivered a range of scrviccs and activities including day care provision. hcalth and wellbeing programmes, culturdl activities. community events. advi¢¢ and support service% and community broadcasting through Hibiscus Live Community Radio (HLCR). Included ivithin Income are contributions made by Directors to support the continued operation of the Association during a period of financial challenge. These contributions were provided to cnsure continuity of service delivery and to enable the Association to meet its ongoing obligations. The Directors recognise that the financial perforniimcc of the Association continues to b¢ affected by s¢veral extemal factors. These includ¢ long-standing challenges in the Association's relationship with the London Borough of Newham, un¢erlainly regarding the fulure occupation and operation of Hibiscus Community Ccntre. reslrictions affecting the Association's ability to maximise income- 8¢n¢rating activities, and the absence of commissioned local authority lunding for services historically delivered from the Centre. including day care proviston. Hibiscu5 Caribbeall Elderly AssociatlDn The Board's vi￿¥ is that thcse factors have materially ¢onstrain¢d Ihe Association's ability to develop servi¢es, increase earned income and achieve its full operational pot¢ntial. Nevertheless, the Associalion has continiied to maintain services and support beneficiarics through the Commitment of its volunteers. supporters. slalTand Director5. Subsequcnt to th¢ year end, discussions have continued with the authorily concerning the future ofthe Community Centre, service provision. governance arrangements and th¢ long-temi sustainability of thc organisation. The Directors remain committed to constrnctiv¢ engagement with all 51akeholders in order to secur¢ a sustainabl¢ future for the Association and the communities it serves. The Board has adopted a programme of governance. fmancial and operational improvement. including th¢ diversification of income source4 development of new community programmes. strengthening of financial controls and expansion of Wdrtnership working. Having reviewed thc Associ8tion's currcnt financial position. anticipated incomc streams, community support and improvement plans, the Director5 consider it appropriate to prepare the financial stateinenls on a goin8 concem basis. Thc Dircclors IKlieve that the Association rcmains ¢apable of continuing its charitable activiliey and meeting its obligations as they fall due. The Dircctors wish to record thcir appreciation to members. volunt¢crs. staff, thnders, community partncr5 and supporters whose commitment has enabl￿ the Association to conlinue servtngy the community during a cliallenging period. Future Plans In looking to the fi]ture our priority ivill be in securing a long tcrni lease for our premises from Newham Council. S¢rious efforts will be made to upgrade services aci'oss the board by utilising the instruments of new technology. A wcbsite and online media plarfomis will be cstablished ivith a view to rdising the profile of the organisation whilst marketing its services Volunteer Volunteers continue to be the backbone of the servicc. Day Care delivered on Tuesday and Thursday between the hours of l O.00am -3.30pm continue to be popular with a healthy attcndance. Attendees participate in a range of aclivilies which encourage physical and mental wellbeing, and help to promote the individuals independ¢n¢¢ and self esteem. Thc lunchcon Club continues to providc ciilturally appropriats meals. Hibiscus Caribbean Eldcrty Assoeiation Direelors lTh¢ following served os dlrectors during the year covered by these accounts: Mrs Mary Richard5 Mr Clifford A Headley Mrs L D Carr-Armstrong (Resigned 07.04.2Q24) Mr Jephta Oparn (Appoini¢d 29.11.2024 The directors at the time th¢ f￿ancial statemcnts were approvcd are as follows: Mrs Mary Richards Mr Clifford A Headley Mr Jephta Opara DirectorJ' Responsibilities 'rhe charity trustees (who are also th¢ directors for the purposes of company laiv) are responsible for preparing a trustees. annual report and financial statements in accordance with applicable laiv and United Ktngdom Accounting Standards (Unil¢d Kingdom Generally A¢cepted Accounting Practice)- Company law requiTes the directors to P￿pare financial statements for each fmancial peri￿. Under that law Ihe dir¢¢lors have elected to prepare the financial slatements in accordallce with United Kingdom Generally A¢¢epted Accountin&F Practice (United Kingdom Accounting Standards and applicable law). Under company law th¢ directors must not approve thc financial statements unless they are salisfied that they give a true and fair vieiv of the state of affai￿ of the company and of the surplus or dcfi¢it of the ¢ompany for that period. In preparing these fFnancial ststements. the directors are required Éo: Sel¢d suitable accounting policies and then apply them CODSlStently' Observe the methods and principles in the Charities SORP Mak¢ judgements and eslimates that are reasonable and prudent" Prepare the Financial Statements on Ihe going concern basis unless it is inappropriat¢ to pffsumc that th¢ company will c(>ntinue to provide services. The twstees are responsible for keeping adequate accounting records that are sufficient to show and explain the ¢ompany's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensurc that th¢ Financial Statcments comply with the Company Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and dctcction of fraud and other irregularities. The trustees ar¢ responsibl¢ for the maintenance and integrity ofihe corwTrrnte and fuwicial information incliided on the charitable company's w¢bsit¢. Legislalion in the Unitcd Kingdom governing the pr¢pardtion and dissemination of financial statements may differ from l¢£islation in other jurisdictions. Hlblstus Caribbean Elderly A55oclatiDD Reserves Policy The directOTS will endeavour to maintsin free rcserve.8 sufficient to cover at least three months, running expenses. At 31 March 2025, the UDrestricied reserve was-£27,877. We are actively seeking to raise mor¢ fwhds io in¢reas¢ the amount of free reserve& Dccision ￿laking The dlrectors meet about once every 2 tnonihs to ￿Vi¢W tb¢ progress of the charity aThd to make any decisions that are needed to keep the orgallisalioii ID PUTsuiI of it8 objectives. Directors Selection Method The directors are elected at the Annual General Meeting to s¢Tv¢ for a terni of one year. Ri$k R¢￿tIV Thc directors arc uiidcrtaking a complete risk ass¢ssm¢nt of all aetivities of the company. A¢eountaDt$ The directors propose to re appoint the current accountants Augustus & Co And & resolution proposing the appointment will be put to ihe annual general meeting. This report has been prepared in &rxordanc¢ with th¢ pr(TrYi$ions apphcable to companies subject lo the small companies, regime. This report was approved by the board on 26 June 2026 and signed on ￿1$ b¢half by= Mr Clifford HeAdley {Director) Hibiscus Caribbean Elderly Asso¢iailon Independent Exatninerjs Report to the DirectDf5 ofHibiscus Caribbean Elderly Associatlon I report to the trustees (who are also Dircctors for the purpose of company law) on my cxamination of the fmancial siatemenls of Ilibi5cus Caribbean Elderly Association {'Ihe charilable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities. the Balance Sheet and related ThotC5. This report is mad¢ solely to the charity's trustee4 as a ￿dy. in accordance ivith scction 145 of the Charities Act 201 l. My work has been undertaken so that I might stal¢ lo the charity's trustee5 those matters l am required to state to them in this report and for no other purpose. To the fullest cxtcnt perniitied by law, I do not accept or assume resw>nsibility to anyone other than the charity and the charity's tru5tecs as a body. for my work. for this ￿pOrt. or for the opinions I have fornied. R&8ponsibilities alld basis of report As the trustees of charitable CoM￿nY yoy are responsible for the prepardtion of th¢ financial slalemenls in accoTdance with th¢ requirement8 of thc Companies Act 2006 ('the 2006 A¢t'). Having satisfied myself that fhe financial statements of th¢ Charitable company are not required to be audited under Part 16 of the Act and are eligible for independent ¢xaminalion, I report in Tespect ofmy ¢xamination of the charitable company's financial statcments carried out undcr section 145 of the Charities Act 2011 ('the 2011 Act,) and in urrying out my examlnation I have followed all the applicable Directions givell by the Charity Commission undcr scction 145(5Xb) of thc 2011 Act. An independent examination does not involve gathering all the evidenc¢ that ivould be wuired in an audit and consequenily does nol ¢over all the matters that an auditor considers in giving their opinion on thc financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the rmaneial statements present a 'lrue and fair. vicw and my report is limited to those specific matters set out in the independent examiner's statcment. Indepelldent exArnltter's statement If the charitable COM￿nY.S gross income exceeded £250,000 your examiner must b¢ a member OF a body li5tcd in section 145 of th¢ 201 l A¢t. Your income for the year w&8 below this amounl. J confim l am a member of ACCA which is one ofthc li5tcd bodies. I have completed my examination. I COnf￿M that no material matlers have cotne to my attention in conneclion with the examination giving me cause to believe that in any material rc5pect: accounting records were not kept in respect of the charitable company as Tequired by srftion 386 of the 2006 Act" or the financial statements do not accord with thosc rccords. or > the fmancial statements do not cornply with the accounting requir¢m¢nls of section 396 of the 2006 Act other than any requirement that the financial siatements give a 'true and fair view which is not o matter Considered as part of an independent examination. or > the fmancial statem¢nt5 have not been prepared in ￿￿ordanCe with th¢ methods and principles of the Statement of Rccotnmended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in th¢ UK and Republic of Ireland (FRS 102). I have no concerns and havc c4)me across no other m8tt¢rs in connection with ihe examination to which attention should be in this report in order to enable a proper understanding of thc rmancial Statements to be reached. A A Boafo- Br¢wu FCCA fvIBA Augustus & Co 374 Ley Street Illord Essex IGI 4AE Dated: 29 June 2026 Hibiscus Caribbean Elderly Assoti#tiott Ststemellt of FinAncial Activiti￿ OncludiDg IDcomc & F.xpenditure Accounts) Year ended 31 Mareb 2025 2025 Total 2024 Total Note un￿strICted R¢sIri￿¢d Income Donattons and legaeles Donations lTrcome from ¢baritable activitie5 Voluntary ineome Oiher income Total lD¢orne 9.434 9.434 15,126 5,842 22.160 37.436 5,842 22,160 37.436 19,079 34205 ExpenditYT¢ on: Ch4ritable Aetivities FundrgisiTrg fosts Total Expetsditure 40,941 40.941 37,830 40.941 40.941 37,830 Net ineomel{expenditsre) net movement in funds for tbe year -3.505 -3,505 -3.625 Reconciliatioll of funds Total Funds Brought Fonvard at 01104r2024 -24,372 -24J72 -20.747 Total Funds Carried Forw8rd at 31103r2025 -27.877 -27,877 -24,372 The notes on pages 10 to 14 fomi part of these financial statement5. Hlbtstu$ C#rlbbt8D E]OerlyAssoclathn Bllhi￿te Sheet A131 Njarcb 20L5 2025 2024 Ftsed Assets Taogible Assets Curre#tA￿tts D4)to C*sh 01 IIAnk and irl Ha￿1 385 385 Credltom: duei¥llhlD y￿* 10 23,314 12..465 cllrreDtA￿ts 424 Tot*1 Assets Less Cwrmt Lbb 424 Crtditors: Am¢unls lauing dut over year D4'el A5se15 -27A17 -24.372 Represeuted Rcstricied Funds un￿sINc*Cd -27.877 .24J72 The company wa5 elltilled lo exenwioll frotn audit urtd¢r $477 of the Conw)1¢8 A¢t 2(NJ5 ielaiiDg to SI￿]1 toJllpaDies. Tb¢]wttJbtts baye Jjol required the