African Culture Arts and Sport Network (Company number 9113128 Charity number 1109224) Annual Report and Financlal 5tstement for the year ended 30 November 2023 These financial strdtements have been printed on both sides of the page African Culture Arts and Sport Network Directorg (Trustee<) annual report for the year ended 30 November 2023 CONTENT Page Legal and adMIn￿rat￿e infomation Directors (Tru5teesl Report Independent Examination ststement of Flnanaal activtties Balance sheet African Culture Arts and Sport Network Directors, (Trustees,) annual report for the year ended 30 November 2023 The Management Committee presents its annual report and statement of financlal activlties th for the year ended 30 November 2023. Reference and Adrninistratlon Information Full Narne African Culture Arts and Sport Network "ACASN" Charlty number 1109224 Company reglstratlon number 09113128 Re8lstered office and Operatlonal address Queens Court, 9-17 Eastern Road, Romford RMI 3NG Dlrectors (Trustees) Mr Katalay Tshunza Katambala, Chairperson Miss Natacha Ndumbe, Treasurer Jean-marie Lutete, Secretary Company Secretary Jean-marie Lutete Senior staff members The charity has no senior staff members. Governlng document The charity is operated under the rules of its constitution dated l June 2004 and amended on 2. July 2014. The charity is a company limited by guarantee and therefore has no share capital. Bankers HSBC Bank Plc, 118 High Street North, Eastham, London E6 2HX. Exemptlon The directors have taken advantage of the audit exemption available to small companies. Independent examlner Albert Turki Faran BSC (Hon), MAAT ATF Accountancy Service5 Queens Court, 9-17 Eastern Road, Romford, Essex RMI 3NG African Culture Arts and Sport Network Directors, (Trustees,) annual report for the year ended 30 November 2023 11 Our Or8anlsatlon We are charitable company that welcomes everybody regardless their race, religion, ethnic group. disability, and sex. We organise different type of actlvities in order to promote the African arts and culture. Dlfferent activities the organlsatlon deals with are Music, Dance, Theatre. Comedy, Drama, Creative writing, Painting and Drawing, Sculpture, and Ceramlc. 2) Aims al We provide after school arts and socio-cultural recreational activities to chlldren and young people from low-income parents who have difficulty to afford such recreational activities for their children. Most people who benefit from our activities are socially excluded, in low-income, refuges and asylum seekers. bl Through our activities we want to increase the participation and engagement in the arts actlvlties of the communitie5 who do not partlclpate to the mainstream arts activltle5. cl Through our attivities we want to give the art15ts who are beyond the mainstream support the ppportunity to showcase their talent in the arts of music, dance, drama, comedy and theatre. dl We use our activities as a brSdge to bring different back8round tO8ether In England to celebrate culture diversities of England through music, dance, theatre, comedy, drama, painting and drawing, and sculpture. 31 Beneflclarles Our organisation works to help people such as.. African communlties based in great Lon(lon and England Black ethnic minorities Refugees and Asylum seekers Socially disadvantaged people Children, young people, parents and the general public Af rican Culture Arts and Sport Network Directors, (Trustees,) annual report for the year ended 30 November 2023 41 Objects The principal object of the charity is to advance public education and training by promoting African Culture, Arts and Sport through public performances, workshops, and seminars. 5) Our misslon statements ACASN has adopted a mission statement to support, promote and empower African community who are beyond the malnstream support. 61 Revlew of the year a} Chalrfs report The year 2023 has been quiet a challenging year for our organisation due to cost- of-living crisls in the United Kingdom. The cost-of-living crisis and lack of funding have forced our organisation to just provide minimum servlce to our service- users. bl Flnances It has been dlfficult for oor organlsatlon to get funds from different funding bodies and grants making or8anisations. Many applications for grants and funding were made, but unfortunately most of them were unsuccessful. However we were forced to adapt to the current situation and worked very hard throughout the year In order to enable our organisation to sustain during the year 2023. cl Organisational development Given the actual state of the financial situation of our organisation, we were not able to provide as much as possible different kinds of projects and activities for our service-users a5 we have planned to do. We took advantage of taking part in different kind of training project5. These projects enabled our organisation mana8ement committee's members and volunteers to develop resilience and become more effective to run and implement well the work of our organisation in the current situation. Af rican Culture Arts and Sport Network Directors, (Trustees,) annual report for the year ended 30 November 2023 7) Summary of the maln achievements durlng the perlod We have organlsed live streaming African Music workshops with young people from African refugees, background. This project gave young people from African community opportunity to learn how to play different type of music instruments. We also organised dlfferent Ilve streaming muslc performances wlth our London based African artists in order to entertain our local community. 81 The charlvs pollcy on Reserve The or8anisation'5 policy on reserve is to bulld reserves up to a level whlch ensures the charltvs core actlvlties could contlnue durlng the period of unforeseen difficulty. For the current year the charity has no free reserve. The trustees declare that they have approved the trustees report above Signed Date Katalay Katambala, Director and Chairperson Independent Examlnerfs Report to the trustees of Africa Culture Arts and Sport Network for the year ended 30 November 2023 I report to the charity trustees on my examlnatlon of the accounts, which are set out on pages eight to nine. Responsibilities and basis of report As the charity's trustees (who are also the directors of the company for the purpose5 of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of Companies Act 20061"the 2006 Act"). Having satisfied myself that the account5 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 examlnatlon of your charit¢s accounts as carried out under section 145 of the Charlties Att 20111"the 2011 Act'l. In carrying out my examinatSon, I have followed the Dlrectlons glven by the Charlty Commlssion lunder section 14515llbl of the 2011 Act. Independent emamlner's statement I have completed my examlnatlon. I confirm that no materlal matters have ¢ome to my attention whlch glves me cause to b¢lleve that,. accounting records were not kept In accordance with sectlon 386 of the Companles Act 2006,. or the accounts do not accord with such records,. or the accounts do not comply with relevant accountin8 requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts 8Sve a "true and fal view which Is not a matter considered as part of an independent examlnatlon,. or the accounts have not been prepared in accordance wSth the Charitles SORP IFRS1021. I have no concerns and have come across no other matters in connection with the examinatlon to which attention should be drawn In this report in order to enable a proper understandln8 of the accounts to be reached. Tula F•l•np B5c(Ho￿l MAAT ATF Accourrtancy SeNice6 Queens Court 9-77 Eastern Road R(¥nfDr¥. Es*K FP11 3NG 8395195 Si8ned Date 31 Albert Turki F an, BSC (Hon), MAAT African Culture Arts and Sport Network Statement of Financial activities (incorporating the income and expenditure accounts) for the year ended 30 November 2023 2023 Total Fund 2022 Total Fund Notes Unrestricted Restricted Fund Fund INCOMING RESOURC Grants 0.00 0.00 0.00 Trustees contribution 2100.00 2100.00 2800.00 Donations Received 28160.00 28160.00 11244.00 GiftAlds 7040.00. 7040.00 2811.00 Other Income Received 600.00 600.00 1500.00 Total In¢omlng resources 37900.00 37900.00 18355.00 RESOURCES EXPENDED Artlstlc Expense5 13500.00 13500.00 8500.00 Office Rent & Venueshlre 11960.00 11960.00 5970.00 Music Equipment & PA Hlre 4850.00 4850.00 1250.00 Advertising & Marketln8 1950.00 1950.00 500.00 Hospitality & Refreshments 1850.00 1850.00 620.00 Travelling expenses 1550.00 1550.00 860.00 Volunteers expenses 1650.00 1650.00 850.00 Admlnistratlon & Professlonal fees 1200.00 1200.00 1050.00 Total resourcesexpended 38510.00 38510.00 19600.00 Net Incomlng lout8olng) resources -610.00 -610.00 -1245.00 Balance Fund b/f at l December 2022 -3285.00 -3285.00 -2040.00 Transfers between Funds Balance Funds clf at 30 October 2023 -3895.00 -3895.00 -3285.00 African Culture Arts and Sport Network Balance Sheet as at 30 November 2023 2023 2022 Notes Flxed assets Tangible assets Total fixed assets 0.00 0.00 0.00 Current assets Cash at bank and hand Grant Recelvable 695.00 0.00 695.00 1,565.00 0.00 1,565.00 Llabllitles Creditors.. Accruals Net a$5ets 0.00 0.00 1,565.00 695.00 Represented bv: Restricted Fund Reserve Unrestricted Fund (Long Term Loan) Surplu51 Deflcit Total Fund 0.00 -3,285.00 4,590.00 -610.00 695.00 0.00 -2,040.00 4,850.00 -1,245.00 1,565.00 For the year ended 30 November 2022 the charltable company was entitled to exemptlon from audit under section 477 of the companSesAct 2006 relatlng to small companie& Responsi bilities of directorsltrustees.. al The members have not required the charitable companyto obtain an audit of its accounts for the year 2020 in accordance wSth section 476 of the companSes Act 2006. bl The directors/trustees acknowledge their responsibil ities for complying with the requirements of the companies Act with respect to accounting records and the preparation of accounts. cl The accounts have been prepared in accordance with the provisionsapplicableto the companiessubject to the small companies. The trustees declare that they have approved the accounts above. Signed Date kzo Jean- arie Lutete, Secretary