Moore Thompson Twsted PAlvisers Chartered Accounlan Charity Commission Registered No. 1072021 AFRICAN CARIBBEAN FORUM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 African-Qaribbeary AFRICAN CARIBBEAN FORUM FOR THE YEAR ENDED 31 MARCH 2024 Contents Pago Truste8¥ Annual ReFx>rt Independent Eyaminerf8 Report statemant of Flnanclal Actlvltles Balance Sheet Notes to the fin8n¢lal ststèm8nts AFRICAN CARIBBEAN FORUM Trustws. Annual Report {cont5nuod) FOR THE YEAR ENDED 31 MARCH 2024 Rhk fflanagern￿t Tho Trustees have oswswl thg rlsk8 tho Cl￿rIty}3 exposed. kn parflcular th058 related to ihe management of tts inveslmenl8 and finan¢e¥. aTrl are ￿tisfied thal the systems In place Sufficiently manag8 its 8xpo8ure lo th088 risks. Publlc Benefft Th8 tTUStees have consldored the Charty Commisslon's guldanco on publk benefit and bellove that tho object$ and aclivltto8 undartakon by tho dwlty meet this guidan(x. ob￿¢( Organl•atlon and A¢tMd Th8 object of the Chaflty18 to w The Chadty Is admlnl8tsred by a M&nagement Commltteo whlch report8 to tho trustees comprbslng: Chalmian Mrw Moor VIC8 Chalr Mr W Doman Secretary Mr J Toomay Treasurer Ms 8 L Daley Mr N Brome-Hlnds Mr K MacDonald Mr D K Moora Mr C Walker Mr L Wllllams (Appolnted 25 Novemb8r 2023) A Wllllams (Appolnted 25 November 2023) The management commlttee members are elècted annualty at tha AGM. Members are no longer able to undertake the task or who ask to be relleved are replaced by others who have either volunteered or hava been nomlnatsd. Each person ￿ o1oct8d on a molorfty ba$ls. To b8 ollglblo such par80￿ must hold rnembersh￿ to the communlty centre.The cornmSttee meets monthly at the centre to dl$ws8 rn18vant matters. Page 1 AFRICAN CARIBBEAN FORUM Independent Examinw's Repori I report on the financial Statements of the African Caribbean Forum for the year endad 31 March 2024. whlch are set oul on pages 4 to 8. R•gponslbllltl•$ and bas18 of report As the charltys trustees you are ￿sponSible for the preparation of the accounts in accordance the requirements of the Chariknes Act 2011 ('tho Act,). I report In respect of my examlnation of the charlvs accounts cathed out under sectlon 145 of the Act and In carrylng out my examlnatlon I have followed all the app]l￿ble Dirociions given by tha Charity Commission under section 14515)(b) of the ACL Ba$1$ of Indeperbdont èxamlnefs statement I have completed my examlnatlon. l confim) that no materfal matters h8V8 Corn8 to my attention in connection wlth the examwiation giving me cause to belleve that in any material respecL' 1. accountlng re￿rdS ￿re not kept In r8SP8Ct of the charity as requlred by sectlon 130 of the Act: or 2. the accounts do not accord wlth those records: or 3. the accounts do not comply wlth th8 appllcable requirements concerning the fomi and content of accounts set out tn the Charities (Acuunts and Reports) Regulations 2008 other than any requirement that the accounts glve a'lrue and falrvlew whlch is not a mailer considered as part of an independent I have no concems arKI have come across no other mattors in connection vAth the WAamlnailon to whld) attenllon should ￿ drawn In thls report in order to enable a proper und8rntarKllng of the accounts to be reached. M A East FCCA Moore Thompson Chartered Accountants Unlt 7. Swan Court Forder Way Cygnet Park Hamplon PETERBOROUGH PE7 8GX Page 3 AFRICAN CARIBBEAN FORUM 8tatement of Flnanclal Acttvltles FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 In¢omo and andowmonts from: Donatlon and legades Grants recelvable PCC Grants- Covld Pandemlc Wlndrush day grant 10,000 5,233 5,233 10.000 Charftsblo advhl Hlre charges Room rent Caterlng Membershlp Entertainment 23.608 6.000 2.470 575 70 32.723 21.682 8.000 30,547 Total Income and éndowmènts 42.723 35.785 Expondlluro on: Charftsble acllvltles Catering a>sts Enlertalnment Cleaning Caretakor Llght and heat Water rates R0palYs and malntenance Equlpm8nt hlre Insurance LE¢an￿ and subscrfplons Molor and travo18xpensgs Telephone Prlntlng. postage and Statlonery Sundry oxpan Depre¢latlon Profit on sale oftangibk fixed assets 5269 753 2,198 2,098 8.792 1.180 2.874 4.927 120 1.522 2.009 9.411 1,104 6.063 271 657 201 538 816 228 217 3,084 (699) 219 823 877 522 2.313 28.482 30,469 Govomanco costs Independent EyAmlnallon 936 Total èxpendltur• 29.418 31,357 Net In¢om• and not mov•monl In fund• 13,305 4,428 Roconclllatlon of funds: Total funds brought forwa Total funds carrled lo￿ard 43.863 57.168 39,435 43.863 Ati tncome and exp8nditur8 d8Tive from conliNing acilvltles and are In relatton to unrestrl¢ted funds. Tho r￿10$ on pages 6 to 8 lomi an Integral part of financlal statements. Page 4 AFRICAN CARIBBEAN FORUM Balance Sheet As at 31 March 2024 2024 2023 Nots Flxed assets Tangible assets 6.938 9251 Current assets Cash at bank 51.522 36,352 Credttorn: amounts falllng due vthhln one year Not currenl assets 1.292 1,740 34.612 Not assets 57.168 43,863 Charlty funds Unrestricted funds 57,188 43.863 These financial Statements were approved and authorised for Issue by tho Trustees on ........................ slgned on their l)ehalf ty. Mr W Moore Chalrman Ms B L Daley Treasurér The notes on pag05 6 to 8 form an intsgral part of these financial statements. Page 5 AFRICAN CARIBBEAN FORuf•l Notes to th• financlal statements FOR THE YEAR ENDED 31 MARCH 2024 1.1 General Inft¥nnatlon Alrican Caribbean ForLMn is an unInW￿ratQd rt￿ritY reglslered in England arKI Walos. Th8 address of ts registered office is givan in the tsity Infom￿11￿ on page 1 of those financkl slaternents. The natur8 of the charitys opWatioT￿ prindpal actl¥ltI￿ Ihe arKI mmgwnent of the 12 Basls of proparatlon The charity (￿sti￿ a publ￿ benefft entity as defined by FRS 102. The ffinancial statsments have been prepared In accordance wRh Accounting Rep(xling by Charthes: Statement of Recommended Practfce appUcabl& to charities prepariry thelr accounts in acLthance with the nanclal Rewdng SlarKlard appllcaNe In the UK and Republ* of Irolarnl •￿ed in October 2019. the Financia Rep(Kbrw StarKlaril apfftNe in tho United lfjngdom and Rèpthlrc of Ireland (FRS 102}, the Charitles Act 2011 and UK Gweraw Ptterted Ar￿￿nting PradEce. mothfied to include certain items at fay value. The finanoal statemants aro presented tn sterfng which slgrrificant accountiry prA￿ appliad ￿ the wepardtkn of these financial statements are set (￿t 1.3 Restr[￿ Funds Restricied funds are funds whith we to be used in accordanc8 ￿ spedfic restrlctlons imposed by donors or have been ralsed by ihe charity for partiwlar purposes. The cost of raising arKI admin￿te￿g such furKls are charged agalnst the sp￿lfIC fund. The aim and use of each rastricted fund is set out In tho notes to tho financial statements. 1A Unrostrl¢tod Funds Unrestricted fvnds are avthbb for use at thscre11￿ of th8 trustees in furtherance of the general objectives ofthe charty aThJ have not Iwi desw for other purposes. 1A Inmmo recognlllon All incoming resources are Induded in Ihe Stalement of Nnanclal Activities (SOFA) when th8 charlty Is legally entitled to the tncome after any wforn)an￿ condltlorts hava b8en m8L the amount can measured rekbty and it is wobth that the trKome ￿11 be recdved. For donallons h) be wecognlsed ts charty*lll have been notif￿d of thg amounts and the setllement date in writing. If there arn condllions attached to the donation and this requires 8 level of porforniance before enttuement can be obtained income is deferred until Ihose Cond￿On5 are fulty mat or th8 fulfilm8nt of those eonditions is *ithin Ihg ¢￿trol of tho charlty and tt Is probable Iheywill bè ir •c￿Thnk bonefft is wobth. it can be measured rellably and lh8 thartty has control over I item. Fair value ts detemilned on the basis of the value of the gift to charity. For exampl8 th8 amount the ¢harity *YMJld b8 ￿lling to pay In the open mark8t suth facililles and services. A AFRICAN CARIBBEAN FORUM Notes to th• financlal statements (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 1.5 racognltlon contlnued No amount Is Induded In the statements for vdunl88r Ilme In fin8 wilh the SORP (FRS 102). wr*re practical, g¢fts in kind donated for di51n￿Jtion b the beneficiaries of the charity are Included In stock and donations in the finandal ststernents upon r￿lpL If it is irnpra¢ti¢able to assess the falr value at receipt or rf thè costs lo undertak8 such a valLBllon outw*lgh any benefits. then tho falr value is recognised as 8 ¢(xnptywIt of tjonath It Is and an equlvalenl amount re¢ognlsed as ¢harltablo 8xpendliure. Flxed asset gifts tn knnd are rec(yiisod ¥rt￿l re￿￿alle arml are inthded at fair value. Tlw are nol deterred over the frfo of the asseL Income from trading athbes Includes kncome eamed Irom lundralslng events and tradEry adlvttS8S ralse furthts for the tharity. Inc(xne is recolved tn exchange for suppl>ing goods and servi￿$ in order to Income from govemment ar￿ other grants are recognised at falr value vthen the charity has enlitlernent after any r￿rf￿nce condlllons have been me( It is probth that the income wlll be recelved arKI the arnount can be measured reliabty. If enlllement Is not met than thest amounts ar8 1.6 Expendltwe recognluon Jl expenditurg 1$ accounted for on an accruals basis and has boon classified under headings that aggregate dl costs retated to category. Expendlture 55 recognlsed whwe there 1$ a legal or Istructive obkgation to make Pa￿¥￿$ to thtrd parfjes. It Is prnba￿ that Iho settlement 4tsill be requlred and the amount of the obligats￿ can bo meayjrod rellably. It15 *orlsed under tho follovAng headings: Costs of ra5drvJ funds Inchths ¢x*ts of apptykng k*r grants arKI other fvndralslng events held by the charlty. Expend•tiJre on chaTitth activitt85 includes Ihe a¢kn1￿1ra1itin of booklngs. upke8p. seN1¢￿n9 and Other expendi￿re represents those items not falty into the categorns above. Irrecoverable VAT is charged as ￿ éxpense agaI￿t the actswty for eX￿ditUre arose. 1.7 Tanglbh fixed assets Tangible Ilxed assets are stated at ¢osl18ss aCt￿mUlated deK*eciaticm and accvmulated Impalrnient losse¥. Cost Includes costs dlrecty attritMrt8ble to making the asset capablé of operallng as Int8nd•J. Deprec*11￿ is provided on all tanglbk fixed assets. at rates (*la￿ated to Mlle off the ¢05L less esltmated residual vabje. of each assel ￿ a ssstemth basis over Its axpected useful fjfe as foll￿. Equlpment 25% rethJ* balance DebtOT5 and credltors rto slated Interest rate and recep4able or payabl8 wlthln one yaar ar8 recorded at transacti￿ wice. Any fvjsgas arising from impasrrn￿t are rocognised in experKliture. 1.9 Tax The ch•ity is an exempt tharity %rrithin the rne8nity of schedthe 3 of the Charllles Act 2011 and Is considered lo pass the tests set out In ParagraFth 1 Schedul8 6 Fu*nc8 Act 2010 and thorefore it AFRICAN CARIBBEAN FORUM Notes to the flnanclal Statements (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 1.10 Golng concern The finandal statements have b88n prepared on a golng concom ba818 as the tru8ts88 bollevo that no materfal uncertalnlles exl8t. The trustees have consldered the level offunds held and the expected 18v81 of Incomè and expenditure for 12 months from authorfslng those Ilnanclal statgments. The budgeted Income and expendltur818 sufflclenl wlth the level of reBerve8 for th8 charlty to be ablo to cvnllnue as a golng concern. 1.11 Loases Rental$ payable and recelvable under operattng18asas ar8 chargod to the SOFA on a stralght Ilne b8sIs ovor tho perk)d of th816a$e. Tanglble flxod Equlpm•nl Total At 1 Aprfl 2023 At 31 March 2024 37,000 38.050 37,000 38,050 Depro¢latlon At 1 Aprtl 2023 Charge for the year At 31 March 2024 29.882 2.313 31.112 29,882 2,313 31,112 Nét book v•lu• At 31 March 2024 6.938 6,938 At 31 March 2023 7,118 7,118 Cr•dllor•: amounts falung duo wlthln one yoar 2024 2023 Trade ￿dItOrS Olher ￿edItOrS 35S 936 1.291 822 1.310 Trustse remuner•tlon Durfng the year, no remuneration w88 pald to any of Tru8tee8. Control Th8 Charlty18 Mntrollad by the T￿￿tee8 as 8 body. No Indlvldual TrustO9 any control over the Charlty. Page 8