Registered number: 06331619
AFRICAN COMMUNITY CENTRE DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
First 4 Enterprise Ltd T/A Business Sense M.I.C.B Pm.Dip The Business Centre 1 Peniel Green Road Llansamlet Swansea SA7 9AP
African Community Centre Directors' Report and Unaudited Financial Statements For The Year Ended 31 March 2023
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 3 |
| Accountant's Report | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9—10 |
African Community Centre Company Information For The Year Ended 31 March 2023
| Directors | Prof Esso Karan |
|---|---|
| Dr Augustine Egwebe | |
| Mr Taiwo Okeyene | |
| Miss Grace Rungua | |
| Mrs Nkechi Allen | |
| Ms Charlotte Ajomale Evans | |
| Mr Jeffrey Nsofor | |
| Ms Funmilayo Olaniyan | |
| Company Number | 06331619 |
| Registered Office | Level 2, Multicultural Hub |
| Swansea Grand Theatre | |
| Swansea | |
| SA1 3QJ | |
| Accountants | First 4 Enterprise Ltd T/A Business Sense |
| M.I.C.B Pm.Dip | |
| The Business Centre 1 Peniel Green Road | |
| Llansamlet | |
| Swansea | |
| SA7 9AP |
Page 1
African Community Centre Company Information (continued) For The Year Ended 31 March 2023
Funders
HarMINDise – funded by the National Lottery Community Fund. A 5 years project led by young people for young people which builds resilience and forges system change in the area of mental health.
The Digital Culture Exchange - funded by the National Lottery Heritage Fund. A 2 years project which captures young people’s backgrounds and cultures both in video, social media and booklet format.
REACH:ME one to one counselling and Health Talks – funded for 2 years by Swansea Bay University Health Board. This project affords a safe and confidential space for people from BME backgrounds including asylum seekers and refugees to speak about issues that concern them.
Carers Journey – funded by Swansea Bay University Health Board, this 2year project provides transport, trips and counselling for unpaid and young carers.
REACH – one to one counselling for children and young people from BME backgrounds who are 3 – 18 years old. The project is funded by Children in Need.
ACC Football for Youth and ACC Fit – funded by Street Games UK. One project for 11-15 yr olds and one for females.
ACES – funded by South Wales Police authority and a project which provides activities for children and young people.
Black History 365 – funded through RCC (Race Council Cymru)- to celebrate the achievements of African and African Caribbean people including the Windrush People.
MENTOR – funded by Awards For all National Lottery – a project to match client with Mentors who will help and develop lives.
Summer of Fun -funding from both local authorities and for both Swansea and Cardiff branches of ACC. These projects enabled clients (families, couples and singles) to get out and about and enjoy the environment and visit places of interest.
Business Development Manager for Cardiff – funded for 1 year by WCVA. The project enabled ACC to expand to Cardiff and place a manager in post.
The World Reimagined – an Arts project helping to promote some wonderful globes designed by well known artists from across the world and placed in Swansea to promote interest from the public.
ACC Transport Scheme – funded by the National Lottery Community Fund. Low cost and free transport for asylum seekers and refugees.
Lloyds Foundation grant – unrestricted funds and professional help to develop and build the organisation. Other smaller grants including from the Plan, Swansea Council, Windrush 2022, Refugee Council
We are grateful to all funders for allowing us to prosper and provide activities, food , transport, counselling and other wellbeing provisions.
Page 2
African Community Centre Company No. 06331619 Directors' Report For The Year Ended 31 March 2023
The directors present their report and the financial statements for the year ended 31 March 2023.
Directors
The directors who held office during the year were as follows:
Prof Esso Karan Appointed 16/12/2022 Dr Augustine Egwebe Mr Taiwo Okeyene Miss Grace Rungua Mrs Nkechi Allen Ms Charlotte Ajomale Evans Mr Jeffrey Nsofor Ms Funmilayo Olaniyan
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors 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 directors 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 company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting 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 in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
By order of the board
18/12/2023
Page 3
African Community Centre Accountant's Report For The Year Ended 31 March 2023
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
C Grey ACPA
15/12/2023
First 4 Enterprise Ltd T/A Business Sense M.I.C.B Pm.Dip The Business Centre 1 Peniel Green Road Llansamlet Swansea SA7 9AP
Page 4
African Community Centre Income and Expenditure Account For The Year Ended 31 March 2023
| Notes TURNOVER Cost of sales GROSS SURPLUS Distribution costs Administrative expenses Other operating income OPERATING SURPLUS Other interest receivable and similar income SURPLUS FOR THE FINANCIAL YEAR |
2023 £ 326,241 (188,925) 137,316 (25,463) (41,903) 11,191 81,141 68 81,209 |
2022 £ 398,114 (260,033) |
|---|---|---|
| 138,081 (8,958) (71,648) 5,734 |
||
| 63,209 - |
||
| 63,209 |
The notes on pages 7 to 8 form part of these financial statements.
Page 5
African Community Centre Balance Sheet As At 31 March 2023
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES PROVISIONS FOR LIABILITIES Provisions For Charges NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2023 £ £ 16,809 16,809 1,852 258,665 260,517 (47,923) 212,594 229,403 2,958 232,361 232,361 232,361 |
2023 £ £ 16,809 16,809 1,852 258,665 260,517 (47,923) 212,594 229,403 2,958 232,361 232,361 232,361 |
2022 £ £ 20,499 20,499 11,375 164,243 175,618 (47,923) 127,695 148,194 2,958 151,152 151,152 151,152 |
2022 £ £ 20,499 20,499 11,375 164,243 175,618 (47,923) 127,695 148,194 2,958 151,152 151,152 151,152 |
|---|---|---|---|---|
| 16,809 212,594 |
20,499 127,695 |
|||
| 260,517 (47,923) |
175,618 (47,923) |
|||
| 229,403 | 148,194 | |||
| 2,958 | 2,958 | |||
| 232,361 | 151,152 | |||
| 232,361 | 151,152 | |||
| 232,361 | 151,152 |
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
On behalf of the board
15/12/2023
The notes on pages 7 to 8 form part of these financial statements.
Page 6
African Community Centre Notes to the Financial Statements For The Year Ended 31 March 2023
1. General Information
African Community Centre is a private company, limited by guarantee, incorporated in England & Wales, registered number 06331619. The registered office is Level 2, Multicultural Hub, Swansea Grand Theatre, Swansea, SA1 3QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 18
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 3)
4. Tangible Assets
| Cost As at 1 April 2022 As at 31 March 2023 Depreciation As at 1 April 2022 Provided during the period As at 31 March 2023 Net Book Value As at 31 March 2023 As at 1 April 2022 |
Motor Vehicles £ 24,999 |
|---|---|
| 24,999 | |
| 4,500 3,690 |
|
| 8,190 | |
| 16,809 | |
| 20,499 |
Page 7
African Community Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2023
5. Debtors
| . Debtors |
||
|---|---|---|
| Due within one year Trade debtors . Creditors: Amounts Falling Due Within One Year Other taxes and social security |
2023 £ 1,852 1,852 2023 £ 47,923 47,923 |
2022 £ 11,375 |
| 11,375 | ||
| 2022 £ 47,923 |
||
| 47,923 |
- Creditors: Amounts Falling Due Within One Year
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 8
African Community Centre Detailed Income and Expenditure Account For The Year Ended 31 March 2023
| TURNOVER Grants Donations COST OF SALES Counselling (Cost of sales) Wages and salaries Supervision Employers pensions - defined contribution schemes Travel and subsistence expenses Management fees Vehicle running costs Repairs, renewals and maintenance Depreciation of motor vehicles GROSS SURPLUS Distribution Costs Employers NI Insurance Administration and support costs Other direct costs Administrative Expenses Staff training Childcare Volunteers expenses Travel and subsistence expenses Project Resources Other Project Expenses Rent Computer software, consumables and maintenance Computer and IT consumables Printing, postage and stationery Advertising and marketing costs Telephone Accountancy fees Legal fees Consultancy fees Subscriptions Other office costs Sundry expenses Sundry type A |
2023 £ £ 325,061 1,180 326,241 56,305 88,501 448 3,703 16,743 10,860 8,090 585 3,690 (188,925) 137,316 16,957 448 8,058 - (25,463) 130 660 6,300 1,739 4,647 2,992 14,412 - - 315 4,320 1,205 1,352 230 200 633 900 1,868 - (41,903) |
2023 £ £ 325,061 1,180 326,241 56,305 88,501 448 3,703 16,743 10,860 8,090 585 3,690 (188,925) 137,316 16,957 448 8,058 - (25,463) 130 660 6,300 1,739 4,647 2,992 14,412 - - 315 4,320 1,205 1,352 230 200 633 900 1,868 - (41,903) |
2022 £ £ 386,142 11,972 398,114 51,835 188,900 180 877 - 11,206 1,540 995 4,500 (260,033) 138,081 5,284 909 450 2,315 (8,958) 1,344 - 790 12,670 14,968 2,583 9,456 2,906 6,579 900 1,211 1,403 1,350 - - 802 1,207 3,701 9,778 (71,648) ...CONTINUED |
|---|---|---|---|
| 326,241 (188,925) |
|||
| 16,957 448 8,058 - |
5,284 909 450 2,315 |
||
| 137,316 (25,463) (41,903) |
|||
| 130 660 6,300 1,739 4,647 2,992 14,412 - - 315 4,320 1,205 1,352 230 200 633 900 1,868 - |
1,344 - 790 12,670 14,968 2,583 9,456 2,906 6,579 900 1,211 1,403 1,350 - - 802 1,207 3,701 9,778 |
||
Page 9
African Community Centre Detailed Income and Expenditure Account (continued) For The Year Ended 31 March 2023
| Other Operating Income Reimbursements of costs Other income - contributing to other operating income OPERATING SURPLUS Other interest receivable and similar income Bank interest receivable SURPLUS FOR THE FINANCIAL YEAR |
3,846 7,345 |
11,191 | 5,734 - |
5,734 |
|---|---|---|---|---|
| 68 | - | |||
| 81,141 68 |
63,209 - |
|||
| 81,209 | 63,209 |
Page 10
Document Information
Document
Title African Community Accounts ending 31.3.23 ID 358785c7-8c36-46b7-804d-a523f4b50b04 Status Signed Sender Colin Grey (colin@businesssenseaccountants.com) Dept/business accounts Dept/business ID accounts4 PDF Certified True
Signers
| Name | Authentication | ||
|---|---|---|---|
| Taiwo African Community taiwo@africancommunitycentre.org.uk | |||
| History | |||
| Event | IP address | Date/Time | |
| African Community Accounts ending 31.3.23 created by Colin Grey |
colin@businesssenseaccountants.com | 86.139.115.30 | Mon, 18 Dec 2023 09:18:41 +0000 |
| African Community Accounts ending | |||
| 31.3.23 emailed to Taiwo African | colin@businesssenseaccountants.com | Mon, 18 Dec 2023 09:18:42 +0000 | |
| Community | |||
| taiwo@africancommunitycentre.org.uk | |||
| opened email for document African | taiwo@africancommunitycentre.org.uk | Mon, 18 Dec 2023 09:18:45 +0000 | |
| Community Accounts ending 31.3.23 | |||
| African Community Accounts ending | |||
| 31.3.23 visited by Taiwo African Community |
taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:20:19 +0000 |
| taiwo@africancommunitycentre.org.uk | |||
| Signature applied (page 5) | taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:27:16 +0000 |
| Signature applied (page 8) | taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:27:21 +0000 |
| Ticked checkbox for statement: I confirm | |||
| that I am authorised to accept the terms | taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:27:38 +0000 |
| of this document. | |||
| Ticked checkbox for statement: I | |||
| understand that accepting the terms of this document creates a legally binding |
taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:27:38 +0000 |
| obligation. | |||
| Signer offered option to accept or reject document |
taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:27:38 +0000 |
| Clicked button with text: By clicking this | |||
| button I hereby ACCEPT the terms of | taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:27:38 +0000 |
| this document | |||
| African Community Accounts ending | |||
| 31.3.23 completed by Taiwo African Community |
taiwo@africancommunitycentre.org.uk | 90.203.141.107 | Mon, 18 Dec 2023 09:27:38 +0000 |
| taiwo@africancommunitycentre.org.uk |
Document Information
Document
| Title | Signed African Community Accounts, year ending 31323 | Signed African Community Accounts, year ending 31323 | |
|---|---|---|---|
| ID | 7091b8ea-8a6d-4f9b-9b3e-8351073c703a | ||
| Status | Signed | ||
| Sender | Colin Grey (colin@businesssenseaccountants.com) | ||
| Dept/business | accounts | ||
| Dept/business ID | accounts4 | ||
| PDF Certified | True | ||
| Signers | |||
| Name | Authentication | ||
| Colin Grey colin@businesssensegroup.co.uk | |||
| History | |||
| Event | IP address | Date/Time | |
| Signed African Community Accounts, | |||
| year ending 31323 created by Colin | colin@businesssenseaccountants.com | 86.139.115.30 | Wed, 20 Dec 2023 11:45:53 +0000 |
| Grey | |||
| Signed African Community Accounts, | |||
| year ending 31323 emailed to Colin | colin@businesssenseaccountants.com | Wed, 20 Dec 2023 11:45:54 +0000 | |
| Grey | |||
| Signed African Community Accounts, | |||
| year ending 31323 visited by Colin Grey | colin@businesssensegroup.co.uk | 86.139.115.30 | Wed, 20 Dec 2023 13:52:50 +0000 |
| colin@businesssensegroup.co.uk | |||
| Signature applied (page 6) | colin@businesssensegroup.co.uk | 86.139.115.30 | Wed, 20 Dec 2023 13:53:05 +0000 |
| Ticked checkbox for statement: I confirm | |||
| that I am authorised to accept the terms | colin@businesssensegroup.co.uk | 86.139.115.30 | Wed, 20 Dec 2023 13:53:17 +0000 |
| of this document. | |||
| Ticked checkbox for statement: I | |||
| understand that accepting the terms of this document creates a legally binding |
colin@businesssensegroup.co.uk | 86.139.115.30 | Wed, 20 Dec 2023 13:53:17 +0000 |
| obligation. | |||
| Signer offered option to accept or reject document |
colin@businesssensegroup.co.uk | 86.139.115.30 | Wed, 20 Dec 2023 13:53:17 +0000 |
| Clicked button with text: By clicking this | |||
| button I hereby ACCEPT the terms of | colin@businesssensegroup.co.uk | 86.139.115.30 | Wed, 20 Dec 2023 13:53:17 +0000 |
| this document | |||
| Signed African Community Accounts, | |||
| year ending 31323 completed by Colin Grey |
colin@businesssensegroup.co.uk | 86.139.115.30 | Wed, 20 Dec 2023 13:53:17 +0000 |
| colin@businesssensegroup.co.uk |