KUUMBA IMANI
MILLENNIUM CENTRE
LIMITED
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
TH
30 MARCH 2024
Company Number: 03970577
Charity Number: 1091041

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
CONTENTS
Page
Trustees, Annual Report
Statements of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30TH MARCH 2024
The trustees are pleased to present their annual report for the year ended 30th March 2024.
The financial statements comply with the Charities Act 2011, Companies Act 2006, Accounting
and Reporting by Charities," Statement of Recommended Practice (SORP 2019) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102) {effective 1 St January 2019).
OBJECTIVES AND ACTIVITIES
The Objects of the Charity are "to promote any charitable purpose for the general benefit of the
inhabitants of Liverpool with particular emphasis on the inhabitants of Liverpool 8 and to provide
support and advi￿, education and training for all black women wherever they may live..
Significant Activities
The centre provides rental office space, meeting rooms, a conference and events suite, and a
community development team service and community space. KIMC provides services that
enables many people, particularly those from disadvantaged backgrounds to access and be
involved in opportunities they would not otherwise do via its tenant charities and its own
Community Development project, L8 A Better Pla￿.
A number of charities and services are tenants, who all have based their teams in KIMC due to
the centre being recognised within the local community as a multi-cultural, multi-purpose centre
that is a safe Spa￿ for people to access servI￿s.
Public Benefit Statement
The trustees have paid due regard to the Charity Commission's guidance on public benefit in
deciding the activities undertaken by the charty during the year. The trustees are satisfied that
the information provided in the report and accounts meets the public benefit reporting
requirements.
ACHIEVEMENTS AND PERFORMANCE
Kuumba Imani Millennium Centre (KIMC) continues to support individuals and communities by:
Offering "value for money" affordable rental and conference space to support all
sectors.
Delivering quality community development and engagement activities.
Providing signposting and support to BAME businesses and startups via the Nia
Business Support project.
Managing the L8 Organisations Support Whats app group, with over 160 members, to
support local organisations and encourage collaborative working.
Hosting monthly Coffee@theKuumba meetings with 120 representatives from 45
organisations to discuss issues affecting service users and the wider community.
Evaluating community development work annually to ensure alignment with the charity's
objectives.
Supporting activists who have launched projects such as L8 Business Collective, Cycle
of Life, Women on Bikes, and L8 Education Hub.

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30TH MARCH 2024
Delivering the "L8 Law Project,. which offers career exploration opportunities for young
people interested in law, including mini-pupillages, work experience, and networking
opportunities.
Fostering inter-faith conversations and events to enhance community cohesion,
including an inter-faith walk in August 2023, attended by 150 participants of various
faiths and ages.
Convening the "L8 Climate Action" group to explore local actions for supporting climate
activists in the community.
KIMC recorded 7,126 attendances during the year. including 5,295 attendees at events and
1,831 visitors to staff at the centre.
KIMC is currently in the second phase of funding from the National Lottery Community Fund
for its community development activities. This funding runs until October 2025 and alternative
funding SoUr￿S will be explored to sustain this work. The charity also successfully applied for
several grants to support its community development work through L8 ABP.
The Chief Executive Officer, who had been with the organisation for 17 years, resigned in the
final quarter of the year to pursue new opportunities. A key focus during this period was the
recruitment and induction of a new CEO, who began their role on 1 st April 2024.
FINANCIAL REVIEW
Total income in the year was £253,124 {2023: £525,362) of which £130,133 (2023: £140,858),
related to funding for projects upon which restrictions are placed.
Total expenditure in the year was £369,605 (2023: £296,841) leaving a deficit for the year of
£116,481 (2023: surplus £228,521).
At 30th March 2024 the charitable company's reserves stood at £884,365 (2023: £1,000,846) of
which £5,000 (2023: £1,500) represented restricted funds.
RESERVES POLICY
The trustees have resolved to adopt a reserves policy to have free reserves (after those used to
fund fixed assets) equating to redundancy costs plus three months, operating expenditure, in
order to ensure the long-term viability of the organisation.
At the end of the financial year the balance on unrestricted funds was £879,365 (2023:
£999,346), less tangible assets net book value £1,068,128 (2023: £1,080,753) leaving the
unrestricted reserves in a deficit of £188,763 (2023: deficit £81,407}. Three months, operating
expenditure, based on current year's expenditure not relating to projects upon which restrictions
are pla￿d, is £60,743, redundancy costs of £24,415 totalling to £85,158.
The Trustees acknowledge the current deficit in unrestricted reserves and in response, will be
working closely with the newly appointed CEO to actively develop a new business plan that will
include a targeted fundraising strategy and a strengthened marketing approach. This plan will
also seek to grow revenue through increasing tenancy occupancy and expanding conferencing
and events income. These efforts are intended to steadily reduce the current deficit and build a
sustainable level of unrestricted reserves, ensuring the ongoing financial viability and resilience
of KIMC.

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30TH MARCH 2024
Risk Management
The CEO conducts annual reviews of the risk assessment and policy plan. New systems and
procedures are introduced where ne￿SSary to mitigate risks. The charity continues to face
financial risks, primarily due to its reliance on a mix of rental income and grants, as well as rising
utility costs.
While KIMC submitted a bid for capital refurbishment to update lighting and heating systems
throughout the building. the bid was unsuccessful due to delays in receiving planning permission
from the City Council, which caused the submission to miss the funders, deadline.
The Board is committed to pursuing various funding options to improve the building's energy
efficiency and reduce operating costs.
Internal control risks are minimized through procedures for authorising transactions, and
compliance with relevant laws and regulations is ensured. These prO￿dureS are periodically
reviewed to ensure their effectiveness.
PLANS FOR THE FUTURE
The Board acknowledges that the coming years may present ongoing challenges due to
economic austerity and the evolving funding landscape. The current business plan ends in
March 2025. With the arrival of a new CEO, the Board plans to re-establish the charity's vision,
mission, and values to better serve the communities we support.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incorporated on 12th April 2000
(company number 03970577) and registered as a charity (charity number 1091041) on 12th
March 2002.
The Governing Instruments under which the charitable company operates comprise of the
Memorandum and Articles of Association dated 12th April 2000 and amended by special
resolution dated 14th February 2002.
The property of Kuumba Imani Millennium Centre is vested in the company
The Directors of the company are also Charity Trustees for the purpose of charity law and under
the company's articles are known as Members of the Board. The Trustees have overall
responsibility for the affairs of the company. Day to day decisions are taken by the Chief
Executive Officer.
Trustee Induction and training
The board have adopted an induction pack for all new members in line with the new Business
Development plan and which was introduced and implemented in early 2019.
All new members will be given a copy of the recruitment pack and will undertake training to cover
all aspects including: overview of organisation and its operations, stakeholders, legal status,
financial regulations, roles and responsibilities of trustees.
Organisational Structure
The centre has a Board of up to 5 people who meet regularly and are responsible for the strategic
direction and policy of the charity. The Board has members from a variety of backgrounds
relevant to the work of the charity.

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30TH MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Name
Kuumba Imani Millennium Centre Limited
Company number
Charity number
Registered Office
03970577
1091041
4 Princes Road
Liverpool
Merseyside
L8 1TH
Board of Trustees
The Board of Trustees are also its Directors. Members are
elected by Annual General Meetings of the members of the
council in accordance with the Articles of Association.
Trustees
R Bashir
L Castilho
J Jagne
H Milne
S Olayiwola
R Ross-williams
(Resigned 12th April 2023)
(Resigned 25th October 2023)
(Appointed 14th May 2024)
Board Advisor
E Bowman, John Moores Foundation
Ying Huang, ACCA
clo LCVS
151 Dale Street,
Liverpool,
L2 2AH
Independent Examiner
Bankers
National Westminster Bank PLC
Liverpool City Office (B)
Chatham Customer Service
Waterside Court Chatham
Maritime, Chatham, ME4 4RT
Signed
alf of the Board of Trustees
Lily Castilho
Trustee
R Ross-williams
Trustee
Date:
3010412025

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charitable company as at the
balance sheet date and of its incoming resources and application of resources, including
income and expenditure, for the financial year. In preparing those financial statements, the
trustees should follow best practi￿ and:
select suitable accounting policies and then apply them consistently,.
observe the methods and principle in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue as a going concern;
state whether applicable accounting standards have been followed, subject to any
material departure disclosed and explained in the financial statements.
The Trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to
enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The financial statements have been prepared in accordance with the charity's trust deed,
the Charities Act 2011 and Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland published
{FRS 102) as amended for accounting periods commencing from 1 St January 2019.
By Order of the Board,
L Castilho
Trustee
Kuumba Imani Millennium Centre Limited
4 Princes Road
Liverpool
Merseyside
L8 1TH
Date.. 3010412025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KUUMBA IMANI
MILLENNIUM CENTRE LIMITED
report on the accounts of the charitable company for the year
ended 30th March 2024 which are set out on pages 7 to 18.
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.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act,
to follow the procedures laid down in the general Directions
given by the Charity Commission (under section 145(5)(b) of
the 2011 Act, and
to state whether particular matters have come to my
attention.
Res
ective
res
onsibilities of
trustees and examiner
Basis of inde
endent
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 the trustees concerning
any such matters. The prO￿dureS 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 fairf
view, and the report is limited to those matters set out in the
statement below.
Inde
endent examiner's In connection with my examination, their lack of support evidence
statement
for cash transactions has come to my attention."
(1) which gives me reasonable cause to believe that in, any
material respect, the requirements:
to keep accounting records in accordance with section 386
of the Companies Act 2006" and
to prepare accounts which accord with the accounting
records and comply with the accounting requirements of
section 396 of the Companies Act 2006 and with the
methods and principles of the Statement of Recommended
Practice: Accounting and Reporting Charities
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.
Name:
Ying Huang
Relevant professional qualification or body: ACCA
Address: clo LCVS 151, Dale Street, Liverpool, L2 2AH
Dated
C24

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30TH MARCH 2024
Notes Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Income and endowments
from
Donations and legacies
Charitable activities
Other income
6,200
116,791
6,200
246,924
420
259,176
265,766
3b
3c
130,133
Total income
122,991
130,133
253,124
525,362
Expenditure on
Charitable activities
242,972
126,633
369,605
296,841
Total expenditure
242,972
126,633
369,605
296,841
Net {expenditure)lincome,
net movements in funds
(119,981)
3,500
(116,481)
228,521
Total funds brought forward
10-11
999,346
1,500 1,000,846
772,325
Total funds carried forward 9-11
879,365
5,000
884,365 1,000,846
The notes on pages 9 to 18 form part of these accounts.
All the above amounts relate to continuing activities of the charitable company.

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
BALANCE SHEET AS AT 30TH MARCH 2024
Company Number: 03970577
Notes
th
30 March 2024
th
30 March 2023
Fixed assets
Tangible fixed assets
1,068,128
1 ,080,753
Current assets
Debtors
Cash at bank and in hand
1,768
2,192
985
7,825
3,960
8,810
Current liabilities
Creditors: amounts falling
due within one year
(187,723)
(88,717)
Net current asset5
(183,763)
(79,907)
Total assets less current
liabilities
884,365
1,000,846
Funds:
Unrestricted funds
Restricted funds
9,10
9,11
879,365
5,000
999.346
1,500
884,365
1,000,846
These financial statements have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS102).
These accounts have been prepared in accordance with the provisions applicable to small
companies subject to the small companies, regime and in accordan￿ with FRS102 SORP.
For the period covered by these accounts the company was entitled to exemption under
section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in
question in accordance with section 476 of the Companies Act 2006.
The trustees, who are the directors of the company, acknowledge their responsibility for
complying with the requirements of the Act with respect to accounting records and the
preparation of financial statements.
Approved b the Board on 2910412025
Lily
astilho - Trustee
Date 30104125

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
Limited Liability
The charity is a company limited by guarantee. Each member's liability is limited to £1.
2. Accounting Policies
Basis of accounting
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note{s) to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practice: Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (SORP 2019) (effective 1 sl January 2019), Charities Act 2011
and the Companies Act 2006.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
charitable company has plans in place to build adequate reserves to continue in operational
existence for the foreseeable future. The Trustees are confident that the levels of liquidity
and free reserves will not affect the charity's operations. Thus, the Trustees continue to
adopt the going concern basis of accounting in preparing the accounts.
Fund accounting
Unrestricted funds are the charity's free reserves available for the trustees to apply in
accordance with the charitable company's charitable objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes is
charged to the fund.
Income recognition
All income is recognised once the charity has entitlement to the income, there is sufficient
certainty of receipt and so it is probable that the income will be received, and the amount of
income receivable can be measured reliably.
Donations and legacies comprise of donations and general grants which are recognised in
the accounts when received, with the eX￿ption of known legacies which are accounted for
when their receipt is certain.
Income from charitable activities is recognised on an accrual's basis except for grants
receivable. which are recognised on the date on which their unconditional payment is
confirmed by the donor.
Income from other income relates to bank loan written off and is recognised when the
amount is certain.

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
Expenditure recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the charitable company to that expenditure, it is probable that settlement will be required,
and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings
in the Statement of Financial Activities. Support and governan￿ costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Expenditure on charitable activities relates to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charitable company. Support and
governance costs relate to the management and operation of the organisation and also
compliance with constitutional and statutory requirements in producing the annual report.
These are dealt with in the Statement of Financial Activities when payment has been
approved by the charitable company.
Fixed Assets
Capital expenditure is stated in the balance sheet at cost less accumulated depreciation.
Depreciation is provided to I￿lte off the cost of each asset over its expected useful life as
below:
Leasehold Property
Office Equipment
Nursery Fixtures, Toys & Equipment
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Term of lease
10-25 % per annum straight line basis
20 % per annum straight line basis
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction pri￿ including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.
-10-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market
rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
Taxation
Income and gains are exempt from taxation as they are received and applied for charitable
purposes only. The charitable company benefits from various exemptions from taxation
afforded by tax legislation and is not liable to corporation tax on income or gains falling within
those exemptions.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated 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 on-going basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised where
the revision affects only that period, or in the period of the revision and future periods where
the revision affects both current and future periods.
3. Income and endowments
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Donations and Legacies
Donation
6.200
6,200
420
Donations and legacies income for 2023 related wholly to unrestricted fund.

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
b. Charitable activities:
Citizen Advice
Contract income
Liverpool City Region - Merseytravel
Merseyside Poli
National Lottery Community Fund
Nation21 Lottery Community Fund
(Utilities)
Rank Foundation
Rank Foundation - Mental Health
Rental & conference income
Serious Violence Duty Burden Funding
WO Street foundation Merseyside
2,000
18,000
12,680
4.000
89,059 89,059 89,059
35,624 35,624
25,000
8,119
116,791 100,318
450
5,000
116,791
450
5,000
116,791
130,133 246,924 259,176
Charitable activities income in 2023 comprised of £118,318 for unrestricted funds and
£140,858 relates to restricted funds.
c. Other Income
Loan written off
265,766
Other income for 2023 related wholly to unrestricted fund.
4. Expenditure on charitable activities
Direct Support &
Charitable Governance
Expenditure
Costs
Total
2024
Total
2023
Provision of Offi￿ space and
conference facilities and project delivery
306,362
63,243 369,605 296,841
-12-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
a. Analysed as follows:
2024
2023
Direct charitable expenditure..
Staff salary costs
Pension
Activities and events
Refreshments
Sessional fees
Donation
Volunteer expenses
Utilities
Rates
Repairs and maintenance
184,731
3,475
1,695
985
22,299
200
1,305
72,913
3,522
15,237
97,692
1,851
13,343
5,808
217
21,781
4,190
6,716
306,362
151.598
2024
2023
Support & Governance costs."
Staff salary costs
Pension
Telephone
Printing, postage and stationery
Equipment hire and photocopier
Cleaning and waste disposal
Legal fees
Insurance
Training
Travel expenses
Sundry
Loan interest
Grant returned
Computer costs
Office costs
Companies House
HMRC interest
Professional fees
Finance support
Bad debts written off
Loss of disposal of fixed assets
Payroll fees
Accountancy
Bank charges
Depreciation
93,091
1,674
2,709
1,952
1,688
840
3,872
3,024
9,053
1,784
2,365
497
67
2,979
1,566
1,608
5,915
493
7,988
11,928
1,456
761
2,040
960
13
13
14,249
1,500
1,000
1,508
1,406
686
1,370
605
11,219
816
1,427
385
11,979
63,243
145,243
Total expenditure on charitable
activities
369,605
296,841
-13-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
£126,633 (2023: £160,316) of the above expenditure relates to restricted funding.
b. Staff Costs
2024
2023
Staff salaries
Social security costs
Pension costs
176,278
8,453
3,475
181,397
9,386
3,525
188,206
194,308
Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time
equivalents, was as follows:
2024
2023
Charitable activities
No employee received emoluments of more than £60,000 during the year.
The trustees are not remunerated for their ServI￿S and are not included in the number of
employees shown above.
No out-of-pocket expenses were reimbursed to trustees in the year (2023: £nil).
5. Tangible Fixed Assets
Leasehold
Office
Property Equipment
Total
Cost
As at 31st March 2023
Disposals during the year
3,111,678
30,565 3,142,243
(3,200)
{3,200)
Ih
Balance as at 30 March 2024
3,111,678
27,365 3,139,043
Accumulated Depreciation
As at 31 st March 2023
Charge for the year
Disposals during the year
2,035,821
10,346
25,669 2,061,490
873
11,219
(1,794)
(1,794)
th
Balance as at 30 March 2024
2,046,167
24,748 2,070,915
th
Net Book Value at 30 March 2024
1,065,511
2,617 1,068,128
Net Book Value at 30th March 2023
1 ,075.857
4,896 1,080,753
Liverpool City Council provided a 125-year lease dated 3rd April 2002 for the land to build the
Millenium Centre owned by KIMC.
-14-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
6. Debtors
2024
2023
Trade debtors
1,768
985
7. Creditors: amounts falling due within one year
2024
2023
Trade creditors
Accruals
Tax and social security costs
VAT liability
Deferred income
Pension
Loan due in one year
38,625
1.500
79,859
50,873
5,641
5,110
6,115
1,597
40,548
34,842
9,294
2,436
187,723
88,717
8. Creditors." amounts falling due after more than one year
On 22nd September 2022 Adventure Capital Fund Loan balance of £265,766 was written off
and the debenture has been taken off the assets of the company.
9. Analysis of Net Assets between Funds
Tangible Fixed Net Current
Assets
Liabilities
Total
2024
Unrestricted Funds
General Fund
1,068,128
(188,763)
879,365
Restricted Funds
WO Street foundation
Merseyside
5,000
5,000
5,000
5,000
Total Funds
1,068,128
{183,763)
884,365
-15-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
Tangible Fixed Net Current
Assets
Liabilities
Total
2023
Unrestricted Funds
General Fund
1,080.753
(81,407)
999,346
Restricted Funds
Rank Foundation
1,500
1,500
1,500
1,500
Total Funds
1,080,753
(79,907) 1,000,846
10. Unrestricted Funds
Movements in the Year
Income
Expenditure
2024
Reserves
at beginning
of year
Reserves
at end
of year
General Fund
999,346
122,991
(242,972)
879,365
Movements in the Year
Income
Expenditure
2023
Reserves
at beginning
of year
Reserves
at end
of year
General Fund
751,367
384,504
(136,525)
999,346
The General Fund is used to finance the charitable company s general activities as outlined
in the Trustees, Report.
-16-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
11. Restricted Funds
Movements in the Year
Incorne
Expenditure
2024
Reserves
at beginning
of year
Reserves
at end
of year
National Lottery
Community Fund
National Lottery
Community Fund
(Utilities)
Rank Foundation
Serious Violence Duty
Burden Funding
WO Street foundation
Merseyside
89,059
(89,059)
35,624
(35,624)
1,500
(1,500)
(450)
450
5,000
5,000
1.500
130,133
(126,633)
5,000
Movements in the Year
Income
Expenditure
2023
Reserves
at beginning
of year
Reserves
at end
of year
Citizen Advi
John Moores Foundation
Liverpool City Council
Energy Grant
Liverpool City Region -
Merseytravel
Merseyside Police
National Lottery
Community Fund
Rank Foundation
Rank Foundation -
Mental Health
2,000
(2,000)
(10,000)
(4,000)
10,000
4,000
6,958
12,680
(19,638)
(4.000)
{89,059)
(23,500)
(8,119)
4.000
89,059
25,000
1,500
8,119
20,958
140,858
{160,316)
1,500
Description of funds:
These are monies given to the charitable company to be spent at the discretion of the Board
of Trustees for specific charitable purposes, as follows:
Citizen Advice Contribution towards 'Advice on Prescription, project
-17-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH MARCH 2024
John Moores Foundation - additional salary costs for L8 A Better Place community
development workers
Liverpool City Council Energy Grant - Contribution towards core costs
Liverpool City Region - Merseytravel - to support the costs for the Nia Black Business
Hub.
Merseyside Police - Contribution towards ￿lebratiOn event.
National Lottery Community Fund - Contribution towards staff salaries for community
development team
National Lottery Community Fund (Utilities) - Contribution towards the cost of the utility
bills
Rank Foundation - Contribution towards L8ABP training and resources.
Rank Foundation - Mental Health - Contribution towards Mental Health and Wellbeing
research into community activism.
Serious Violence Duty Burden Funding - Contribution towards to facilitate a consultation
group.
WO Street foundation Merseyside - Contribution towards to facilitate workshops for
young people
12. Operating Lease Commitments
The charitable company has a 125 year lease for the land from Liverpool City Council, dated
3rd April 2002 under the terms of which an annual rent of one peppercorn of £5,000.
13. Related Party Transactions
There were no related party transactions in the year. (2023: none).
14. Guarantees
The charitable company is limited by guarantee. In the event of winding-up each member
will contribute, if ne￿Ssary, the sum of £1.
2024
2023
Number of members
Total guarantees
£5
£5
-18-

KUUMBA IMANI MILLENNIUM CENTRE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 MARCH 2024
TH
2024
2023
INCOME
Grant income
Donation
Rental & Conferen￿ income
Contract income
Other income
130,133
6,200
116,791
140,858
420
100.318
18.000
265,766
Total Income
253,124
525,362
EXPENDITURE
Charitable Activities
Staff salary costs
Pension
Activities and events
Utilities
Rates
Printing, postage, and stationery
Telephone
Repairs and maintenan
Refreshments
Donation
Equipment hire and photocopier
Cleaning and waste disposal
Insurance
Training
Sessional fees
Loan interest
Sundry
Computer support
Office costs
Volunteer expenses
Companies House
Travel expenses
Legal fees
Grant retumed
HMRC interest
Professional fees
Finan￿ support
Bad debts written off
Loss of disposal of fixed assets
Payroll fees
Accountancy
Bank charges
Depreciation
184,731
3,475
1,695
72,913
3,522
1,688
1,952
15.237
985
200
840
3,872
9,053
1.784
22,299
67
497
1,566
190,783
3,525
13,343
21,781
4,190
2,709
6,716
1,608
5,915
7,988
11.928
5,808
761
2,040
960
217
13
1,456
493
1,305
13
2,365
3.024
2,979
14,249
1,500
1,000
1,508
1,406
686
1.370
605
11.219
816
1,427
385
11,979
Total expenditure on charitable activities
369,605
296,841
Net {expenditure)lincome for year
(116,481)
228,521
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