African Culture Arts and Sport Network (Company number 9113128 Charity number 1109224) Annual Report and Financlal statement for the year ended 30 November 2024 These financial statements have been printed on both sides of the page
CONTENT Page Legal and administrative information Directors {Trusteesl Report Independent Examination Statement of Financial activlties Balance sheet
African Culture Arts and Sport Network Directors, (Trustees,) annual report for the year ended 30 November 2024 The Management Committee presents its annual report and statement of financial activities th for the year ended 30 November 2023. Reference and Administration Information Full Name African Culture Arts and Sport Network "ACASN" Charlty number 1109224 Company reglstratlon number 09113128 Registered office and Operatlonal address Queens Court, 9-17 Eastern Road, Romford RMI 3NG Dirertors (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 1st June 2004 and amended on 2nd 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. Exemption The directors have taken advantage of the audit exemption available to small companies. Independent examiner Albert Turki Faran Bsc {Hon), MAAT ATF Accountancy Services 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 2024 l) Our Organisation We are charitable company that welcomes everybody regardless their race, religion, ethnic group, disability, and sex. We organise different type of activities in order to promote the African arts and culture. Different activities the organisation deals with are Music, Dance, Theatre, Comedy, Drama, Creative writing, Painting and Drawing, Sculpture, and Ceramic. 2) Aims al We provide after school arts and socio-cultural recreational activities to children 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 activities of the communities who do not participate to the mainstream arts activities. c) Through our activities we want to give the artists who have barrier to access mainstream art5 suppor¥ the opportunity to showcase their talent in the arts of music, dance, drama, comedy and theatre, dl We use our activities as a bridge to bring different background together in England to celebrate culture diversities of England through music, dance, theatre, comedy, drama, painting and drawing, and sculpture. 3) Beneflclarles Our organisation works to help people such as: African communities based in great London and England Black ethnic minorities Refugees and Asylum seekers Socially disadvantaged people Children, young people, parents and the general public
African Culture Arts and Sport Network Directors, (Trustees,) annual report for the year ended 30 November 2024 4) 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 mission statements ACASN has adopted a mission statement to support, promote and empower African community who are beyond the mainstream support. 6) Review of the year a) Dlrectorfs report The year 2024 has been quiet a challenging year for our organisation due to cost- of-living crisi5 in the United Kingdom. The cost-of-living crisis and lack of funding have forced our organisation to just provide minimum service to our service- users. b) Flnances It has been difficult for our organisation to get funds from different funding bodies and grants making organisations. 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 2024. c) 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 as we have planned to do. We took advantage of taking part in different kind of training projects, These projects enabled our organisation management 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.
African Culture Arts and Sport Network Directors, (Trustees,) annual report for the year ended 30 November 2024 7) Summary of the main achievements during the period We have organised the cost-of-Living Resilience Training Programme in which our service-users and neighbourhood's residents learnt crucial money management skills so that they can successfully have control of money spending during this current financial crisis. Thank you to the National Lottery Community Fund for providing our organisation with the financial support to run this project. We have organised 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 different music performances with our London based African artists in order to entertain our local community. 8) The charlty's pollcy on Reserve The organisation's policy on reserve is to build reserves up to a level which ensures the charit¢s core activities could continue during the period of unforeseen difficulty. For the current year the charity has no free reserve. The trustee5 declare that they have approved the trustees report above Signed Date Jea Marie Lutete, Director
Independent Examiner's Report to the trustees of Africa Culture Arts and Sport Network for the year ended 30 November 2024 I report to the charity trustees on my examination of the accounts, which are set out on pages eight to nine. Responslbllitles and basis of report As the charity's trustees (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 Companies Act 20061"the 2006 Act"). Having satisfled 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 Dlrections given by the Charity Commission (under section 145(5)(bl of the 2011 Act. Independent examlnerfs statement 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 accord with such records,. 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 fairf, 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. Signed Date //o//b)ef Albert Turki Faran, 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 2024 2024 Total Fund 2023 Total Fund Notes Unrestrlcted Restrlcted Fund Fund INCOMING RESOURCES Grants 0.00 10000.00 ioooo.oo 0.00 Trusteescontribution 920.00 920.00 2100.00 Donations Received 34710.00 34710.00 28160,00 Glft Aids 8677.00 8677.00 7040.00 Other Income Received 2850.00 2850,00 600.00 Total Incomlng resources 47157.00 10000.00 57157.00 37900.00 RESOURCES EXPENDED Artistic Expenses & Faci l itators 14100.00 3000,00 17100.00 13500.00 Office Rent & Venues hire 13550.00 1000.00 14550.00 11960.00 Music Equipment & PA Hire 5850.00 5850.00 4850.00 Advertising & Marketing 2500.00 350.00 2850.00 1950.00 Hospitality & Refreshments 1850.00 4500.00 6350.00 1850.00 Travelling expenses 1950.00 1950.00 1550.00 Volunteers expenses 1050.00 400.00 1450.00 1650.00 Administration & Professional fees 1850.00 750.00 2600.00 1200.00 Total resourcesexpended 42700.00 10000.00 52700.00 38510.00 Net incomlng (outgolng) resources 4457.00 0.00 4457.00 -610.00 Balance Fund b/fat l December 2023 -3895.00 -3895.00 -3285.00 Transfers between Funds 0.00 0.00 0.00 Balance Funds c/f at 30 October 2024 562.00 0.00 562.00 -3895.00
African Culture Arts and Sport Network Balance Sheet as at 30 November 2024 2024 2023 Notes Fixed assets Tangibleassets Total fixed assets 0.00 0.00 0.00 Current assets Cash at bank and hand Gift Aid Receivable {4,115.00} 8,677.00 4,562.00 695.00 0.00 695.00 Llabllltles Creditors: Accruals Net assets 0.00 0.00 695.00 4,562.00 Represented bv: Restricted Fund Reserve Unrestricted Fund (Long Term Loan) Surplus/ Deficit Total Fund 0.00 {3,895.001 4,000,00 4,457.00 4,562.00 0.00 13,285,001 4,590.00 1610.001 695.00 For theyear ended 30 November 2024 thecharitable companywasentitled to exemption from audit under section 477 ofthecompaniesAct 2006 relatingto small companies. Responsibi lities of d i rectors/trustees: a} The members have not required thecharitable companyto obtain an audit of its accounts for theyear 2024 in accordancewith section 476 of the companies Act 2006. b) Thedirectors/trustees acknowledgetheir responsibilitiesfor complylng with the requirements of the companies Act with respect to accounting records and the preparation of accounts. c) The accounts have been prepared in accordance with the provisions applicableto the companiessubject to thesmall companies. Thetrustees declarethat they have approved the accounts above. Signed Date Natacha Ndumbe, Treasurer