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← Africa Oye

2025-03-31-accounts

Registered number: 3120728 Charity number: 1062484

Africa Oye

INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 31/03/2025

Prepared By:

Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH

Africa Oye

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2025

TRUSTEES

Gad Babatunde Adeyemi Kuju (resigned 4 December 2024) Sonia Bassey MBE (resigned 24 June 2024) Serge Patrick Heselton Anna Louise Maloney Christopher Bye (resigned 25 January 2025) Rebecca Jane Ross-Williams Kaya Ulrikke Herstad-Carney (appointed 13 June 2025) Jessica Juckes (appointed 13 June 2025)

SECRETARY

Paul Duhaney

REGISTERED OFFICE

11 Seymour Terrace Seymour Street Liverpool Merseyside L3 5PE

COMPANY NUMBER

3120728

CHARITY NUMBER 1062484

BANKERS

Barclays Bank PLC

INDEPENDENT EXAMINER:Julie Guinan FCCA

Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH

page 1

Africa Oye

ACCOUNTS

FOR THE YEAR ENDED 31/03/2025

CONTENTS

Page
Report of the Trustees 3
Independent Examiner's Statement 8
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Accounts 13 to 25
Detailed Statement of Financial Activities 26

page 2

Africa Oye

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

The trustees present their report and accounts for the year ended 31/03/2025 They intend that this report also acts as the Statutory Directors' Report.

PRINCIPAL ACTIVITIES

The principal activity of the charity in the year under review was to promote concerts and festivals to celebrate the cultural heritage and music of Africa, the Caribbean and the Americas .

STRUCTURE GOVERNANCE AND MANAGEMENT

Africa Oye is a company limited by guarantee, incorporated in England and Wales on 1 November 1995 and registered as a charity from 20 May 1997, whose objects are to bring the people of Merseyside, at prices all can afford, the best live music of Africa, the Caribbean and the Americas.

The company is dependant upon the continued financial support of the Arts Council England and Liverpool City Council, being the key revenue funders, together with project funding partners.

ORGANISATION

The charity has a board of trustees who plan to meet regularly to oversee the general management and control of the charity. The day to day operations management was carried out by the Artistic Director who commissions Freelancers as required.

POLICIES ADOPTED TO FURTHER THE OBJECTS

The trustees approve policy which is then implemented by the Artistic Director. The charity is working to a business plan and strategy to focus on the delivery of its objects. In setting policy the trustees and management give due consideration to guidelines issued by the Charity Commission regarding public benefit.

NEW TRUSTEES

New trustees go through a period of induction involving being provided with copies of the constitution, financial statements, relevant policies and business plans and reports to enable them to achieve an effective introduction to the charity. New trustees have an opportunity to meet the board and staff to familiarise themselves with the organisation.

TRAINING FOR TRUSTEES

Trustees holding office during the year brought skills drawn from the voluntary, public, private, business, arts and cultural and music sectors. The trustees are briefed by specialist staff with experience in this sector but where training needs are identified this is provided appropriately.

VOLUNTEERS

The charity's trustees are volunteers and do not receive remuneration for their services as trustees. Individuals are given the opportunity to volunteer and experience the organisation and structure of delivering an International Music Festival for their own personal development and progression in this sector.

page 3

Africa Oye

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

TRUSTEES

The names of the trustees and of all who held office during the year are shown on page 1. In accordance with the Articles of Association, at the forthcoming Annual General Meeting, Rebeca Jane Ross - Williams and Anna Maloney retire by rotation and being eligible offer themselves for re-election. During the year no remuneration was paid to any trustee for their services as a trustee, nor did any trustee have a material interest in any of the charity's contracts.

KEY PERSONNEL

Artistic Director: Paul Duhaney

PAY POLICY OF SENIOR STAFF

The pay of senior staff is reviewed regularly by the board of trustees and the Artistic Director and reflects the level of skill, experience and knowledge for the roles and remuneration levels in the sector.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the net incoming or outgoing resources of the charity for that period.

In preparing the financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

page 4

Africa Oye

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

RISK ASSESSMENT

The charity confirms that management and Board are in the process of reviewing the major risks faced by the Charity to ensure that procedures and controls established by the organisation are designed to mitigate those risks. This review will include management training in formal risk assessment. The risk of shortfalls of revenue funding and other income has been given serious consideration. Projects will only be undertaken if viable. The charity's major revenue funder, Arts Council England, has confirmed funding to 31 March 2025 and Liverpool City Council have confirmed funding to 31 March 2026. The charity has applied to Arts Council England for NPO extension programme funding to 2026-27.

OBJECTIVES AND ACTIVITIES

The principal activity of the charity is to promote concerts and festivals to celebrate the cultural heritage and music of Africa, the Caribbean and the Americas. Africa Oye has an international reputation for world class performances.

The objects of the charity are:

To benefit and educate the public in the art of African, Caribbean and American music in particular by promoting concerts and festivals to celebrate the cultural heritage of music of Africa, the Caribbean and the Americas.

REVIEW OF THE YEAR

SUMMARY OF ACHIEVEMENTS

April 2024

May 2024

June 2024

July 2024

page 5

Africa Oye

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

August 2024

October 2024

November 2024

January 2025

FINANCIAL REVIEW

The Statement of Financial Activities is at page 11. Total incoming resources were £550,234 (2024 £388,520). Total resources expended were £498,195 (2024 £459,917) giving rise to net incoming resources of £52,039 (2024 net outgoing resources £71,397). The net incoming resources total is all on the unrestricted general fund as all incoming restricted funds were spent during the year. The charity is grateful to its main funders - Arts Council England, and the Liverpool City Council. The net incoming resources of £52,039 result in a increase of reserves with a deficit carried forward at 31 March 2025 of £19,118.

RESERVES POLICY

Though the charity operates on a not-for-profit basis they will endeavour to provide for financial stability by maintaining a free reserve. Based upon 4-6 months' running costs it is estimated that the charity will require an ideal free reserve of £100,000 to sustain its operations. Actual free reserves at 31 March 2025 were £19,118 in deficit. The development of a reserve over an agreed period is an objective for future financial stability and sustainability and the reserves policy is regularly monitored by management and Board to ensure there are sufficient resources to cover planned activity, growth and development. A strategic review to increase and widen income sources has been undertaken and plans implemented to increase income and build reserves.

PLANS FOR THE FUTURE

Africa Oye has policies in place to develop current and new sources of income from Oye's activities to create a financially sustainable organisation. The charity is developing a new fundraising strategy to attract investment from public, corporate and trust and foundation sources and increase self-generated income in order to provide adequate resources to run a successful festival with increasing infrastructure, health and safety and compliance costs year on year. We are exploring new ways of working collaboratively, raising funds and maximising the return on our resources. We continue to work with key revenue funders Arts Council England and Liverpool City Council for whose support we are grateful.

page 6

Africa Oye

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

EMPLOYEES

Africa Oye is committed to equal opportunities at every level.

POLITICAL CHARITABLE CONTRIBUTIONS

During the year there were no political or charitable contributions made by the charity.

INDEPENDENT EXAMINER

The independent examiner, Julie Guinan on behalf of Harvey Guinan LLP, has indicated her willingness to remain in office and a resolution will be proposed for their re-appointment at the forthcoming Annual General Meeting.

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on 17/12/2025

Serge Patrick Heselton Trustee

page 7

Africa Oye

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 31/03/2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFRICA OYE

I report on the accounts of the company for the year ended 31/03/2025 .

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

BASIS OF INDEPENDENT EXAMINERS STATEMENT

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINERS STATEMENT

The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA. I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

• the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................................Independent Examiner Julie Guinan FCCA

Date:

Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House

page 8

Africa Oye

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 31/03/2025

Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH 0151 709 7797

page 9

Africa Oye

Statement of Financial Activities for the year ended 31/03/2025

Income
Income from generated funds
Income from Investments
Income from charitable activities
Total Income
Expenses
Costs of generating funds
Expenditure on Charitable activities
Total Expenses
Net Income
Net movement in funds:
Net income for the year
Total funds brought forward
Net funds carried forward		 Unrestricted
funds
£
28
509,606
509,634
457,595
457,595
52,039
52,039
(71,157)
(19,118)		 Restricted
funds
£
-
40,600
40,600
40,600
40,600
-
-
-
-		 2025
Total
£
28
550,206
550,234
498,195
498,195
52,039
52,039
(71,157)
(19,118)		 2024
Total
£
43
388,477
388,520
459,917
459,917
(71,397)
(71,397)
240
(71,157)

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

page 10

Africa Oye

BALANCE SHEET AT 31/03/2025 BALANCE SHEET AT 31/03/2025
2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 7 7
CURRENT ASSETS
Stock 776 -
Debtors (amounts falling due within one year) 6 7,748 11,714
Cash at bank and in hand 6,400 24,651
14,924 36,365
CREDITORS: Amounts falling due within one year 7 34,049 107,529
NET CURRENT LIABILITIES (19,125) (71,164)
TOTAL ASSETS LESS CURRENT LIABILITIES (19,118) (71,157)
RESERVES
Unrestricted funds 9
General fund (19,118) (71,157)
(19,118) (71,157)

For the year ending 31/03/2025 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 17/12/2025 and signed on their behalf by

.............................

Serge Patrick Heselton Trustee

page 11

Africa Oye

CASH FLOW FOR THE YEAR ENDED 31/03/2025
Notes
NET CASH OUTFLOW FROM OPERATING ACTIVITIES
18a
RETURN ON INVESTMENTS AND SERVICING OF FINANCE
Interest received
Net cash inflow from return on investments and servicing of finance
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT
NET CASH OUTFLOW BEFORE FINANCING
FINANCING
DECREASE IN CASH		 28 2025
£
(18,279)
28
(18,251)
(18,251)

page 12

Africa Oye

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

1o. 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 costs 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.

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Africa Oye

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 specific future purposes or projects.

1f. Going Concern

The charity has negative reserves at 31 March 2025 of £19,118 (2024 £71,157 negative). Festival deficits have been incurred due to increasing infrastructure and compliance costs of a major festival. The charity works to a monthly business plan and cash flow forecast monitoring actual versus budget regularly to manage income and costs. The charity is dependent upon the continued support of key funders and raising sufficient funds to cover its festival activities in the foreseeable future, including increasing essential infrastructure, health and safety and compliance costs each year. Based upon the reprofiling of future Arts Council England revenue funding in 2024-25 and successful outcomes of fundraising plans and cost management the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and have adopted the going concern basis of accounting. They confirm that they have considered a period of not less than 12 months from the date of approval of these accounts. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1g. Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

page 14

Africa Oye

1h. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1i. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1j. Turnover

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

1k. Policy For Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discount due.

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Africa Oye

1l. Policy For Cash At Bank And In Hand

Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1m. Policy For Creditors And Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due

1n. Policy For Financial Instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

page 16

Africa Oye

2. DIRECTORS AND EMPLOYEES

Particulars of employees (including directors) are shown below:

Employee costs during the year amounted to:
Wages and salaries
Pension costs		 2025
£
57,592
1,349
58,941		 2024
£
58,812
1,302
60,114

No trustee (director) receives remuneration for their services. The number of staff employed in each year was 2. The aggregate remuneration of the key personnel as listed in the Trustees Report is £47,533 inclusive of pension contributions and employer national insurance contributions. There were no employees whose remuneration was £60,000 or more.

3. PENSION CONTRIBUTIONS

Pension contributions 2025
£
1,349
1,349		 2024
£
1,302
1,302

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Africa Oye

4. TANGIBLE FIXED ASSETS

Cost
At 01/04/2024
At 31/03/2025
Depreciation
At 01/04/2024
At 31/03/2025
Net Book Amounts
At 31/03/2025
At 31/03/2024
5. STOCK
Stock comprises:
Stock		 Equipment
£
7,976
7,976
7,969
7,969
7
7
2025
£
776
776		 Total
£
7,976
7,976
7,969
7,969
7
7
2024
£
-
-

page 18

Africa Oye

6. DEBTORS
Amounts falling due within one year:
Trade debtors
VAT
Other debtors		 2025
£
7,316
8
424
7,748		 2024
£
9,015
25
2,674
11,714

Other debtors include an amount of £424 owed by Africa Oye Trading Limited; a company that has not traded during 2024-2025.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation and social security
Other creditors		 2025
£
1,240
32,809
34,049		 2024
£
-
107,529
107,529

Included in creditors due within one year is income in advance being £nil Traders and other Festival Income (2024 £75,253), and £25,820 (2024 £9,000) from Liverpool City Council CAIP for core festival funding.

page 19

Africa Oye

8. 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, to the company should it be wound up. At 31/03/2025 there were 5 members.

9. UNRESTRICTED FUNDS

General fund Brought
forward
£
(71,157)
(71,157)		 Incoming
resources
£
509,634
509,634		 Outgoing
resources
£
(457,595)
(457,595)		 Transfers
£
-
-		 Carried
forward
£
(19,118)
(19,118)

page 20

Africa Oye

10. RESTRICTED FUNDS

Liverpool City Council
Granada Foundation
PH Holt Foundation		 Brought
forward
£
-
-
-
-		 Incoming
resources
£
30,960
3,000
6,640
40,600		 Outgoing
resources
£
(30,960)
(3,000)
(6,640)
(40,600)		 Transfers
£
-
-
-
-		 Carried
forward
£
-
-
-
-

Liverpool City Council

Donation towards festival costs

Granada Foundation

Funds for Festival costs

PH Holt Foundation

Funds for Festival costs

11. RELATED PARTY TRANSACTIONS

Africa Oye Trading Limited is a trading company limited by guarantee which will gift its profits to the charity Africa Oye. Africa Oye Trading Limited did not trade during the year ended 31 March 2025. At 31 March 2025 there is an amount of £424 (2024 £424) included in other debtors which is owed by the trading company.

The charity has a Bank Overdraft facility of £15,000. The facility is secured by limited guarantees given by Gad Babatunde Adeyemi Kuju (a trustee until 4 December 2024) and Charles Easmon (who resigned as a trustee on 01/05/2016).

page 21

Africa Oye

12. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the company's accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no critical accounting estimates or judgements in these accounts.

13. GENERAL INFORMATION

Africa Oye is a private company limited by guarantee registered in England company number 03120728. Its registered office is 11 Seymour Terrace, Seymour Street, Liverpool, Merseyside, L3 5PE.

The financial statements are stated in sterling the functional currency of the company.

14. RESOURCES EXPENDED

Organisational costs are support costs and include stationery, print, insurance, depreciation, premises and office running costs. Governance costs include independent examination costs.

2025 2024
Direct Artistic and Performance costs 373,839 353,539
Staff costs 58,941 60,114
Organisational Costs 63,615 44,464
Governance 1,800 1,800
___ ___
498,195 459,917

page 22

Africa Oye

15. INCOMING RESOURCES

Interest Received
Incoming Resources from Generated Funds
Traders Income
Bar Income
Merchandise, Box Office, Sponsorship, Learning and Participation
Incoming Resources from Charitable Funds
Arts Council England
Liverpool City Council
Donations and Trusts and Foundations
Total Incoming Resources		 2025
28
83,669
16,459
28,601
_
128,729
367,456
30,960
23,061
_
421,477
550,234		 2024
43
67,762
22,057
21,199
_
111,018
217,456
26,220
33,783
_
277,459
388,520

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Africa Oye

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed Assets
Net Current Assets		 General
Funds
7
(19,125)
(19,118)		 Restricted
Funds
-
-
-		 Total
Funds
7
(19,125)
(19,118)

17. TRANSACTIONS WITH DIRECTORS

During the year no amounts were paid to any Trustee during the performance of duties as a Trustee (2024 £nil).

18. NOTES TO THE CASHFLOW STATEMENT

18a. Reconciliation of operating profit to net cash flow from operating activities

18a. Reconciliation of operating profit to net cash flow from operating activities
Operating profit
Increase in stocks
Decrease in debtors
Decrease in creditors
Net cash outflow from operating activities		 £
52,011
(776)
3,966
(73,480)
(18,279)

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Africa Oye

18b. Analysis of changes in cash and cash equivalents during the year

Balance at 01/04/2024
Net cash (outflow) / inflow
Balance at 31/03/2025
18c. Analysis of changes in financing year
Share
Capital
£		 2025
2024
£
£
24,651
11,545
(18,251)
13,106
6,400
24,651

Loans and
finance
lease
obligations
£		 2024
£
11,545
13,106
24,651

page 25

Africa Oye

Incoming Resources for the year ended 31/03/2025

Incoming resources
Incoming resources from generated funds
Interest received
Bank Interest Received
Grants & Donations
Arts Council of England, North West - Revenue Funding
Liverpool City Council
Granada Foundation
Grants and Donations
P H Holt Foundation
Charitable Activity 2
Earned Income
Bar Income
Merchandising
Traders Income
Sponsorship		 28
367,456
30,960
3,000
13,421
6,640
12,658
16,459
8,860
83,669
7,083		 2025
£
28
28
421,477
128,729
550,206
550,234		 39
217,457
26,220
-
33,782
-
7,072
22,057
7,127
67,762
7,000		 2024
£
39
43
277,459
111,018
388,477
388,520

page 26

Africa Oye

Expenses for the year ended 31/03/2025

Expenses
Costs of generating funds
Charitable Activities
Artists' Fees
Artists' & Staff Festival Travel
Food & Accommodation
Equipment Hire
Crew Fees, Security & Stewards
PR, Design, Artwork & Website
Licences & Permits
Site Cleaning
Production Management Fees
Digital Activity
First Aid
Volunteers Project Cost
Traffic Management
Venue hire
Event Management
Songlines
Trade Manager
Fund Raising Fee
Insurance
Rent
Salaries
Pension contributions
Freelancers
Training
Accountancy fees
Professional fees
Consultancy fees
Access Costs
Direct cost of project grants
Stationery & office supplies
Merchandise
Telephone
IT expenses
Trustee Meetings
Subscriptions
Youth Worker costs
Irrecoverable VAT
Bank charges
Sundry expenses		 2025
£
59,414
17,106
2,865
102,120
52,306
21,880
3,592
21,510
700
2,323
18,571
2,000
8,367
-
10,155
10,945
6,000
2,902
14,229
8,640
57,592
1,349
1,878
30
3,533
564
229
5,933
11,163
1,580
3,244
789
169
90
492
8,723
32,268
1,092
52
496,395		 2024
£
69,157
10,383
9,935
102,466
44,024
23,872
6,413
6,250
1,920
1,848
14,646
2,000
1,250
500
14,357
3,990
6,000
15,783
13,082
8,640
58,812
1,302
3,136
-
3,433
-
-
5,780
-
2,812
4,509
622
-
90
896
4,918
14,043
936
312
458,117

page 27

Africa Oye

Expenses for the year ended 31/03/2025

Governance Costs
Independent Examiner Fees		 2025
1,800
1,800
498,195		 2024
1,800
1,800
459,917

page 28