Registered number: 06331619
**AFRICAN COMMUNITY CENTRE DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
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 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 2024**
|**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 2024**
## **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.
All funds are restricted excluding the following: ACC Slush: £5,354.50 Charitable Donations: £180 Interest: £380.89 Raspberry Support: £300
Page 2
## **African Community Centre Company No. 06331619 Directors' Report For The Year Ended 31 March 2024**
The directors present their report and the financial statements for the year ended 31 March 2024.
## **Directors**
The directors who held office during the year were as follows:
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
## **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.
On behalf of the board
Mr Taiwo Okeyene Director
13/12/2024
Page 3
## **African Community Centre Accountant's Report For The Year Ended 31 March 2024**
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 2024 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
12/12/2024
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 2024**
|**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**|**2024**
**£**
349,369
(185,165)
164,204
(14,857)
(144,397)
11,620
16,570
381
16,951|**2023**
**£**
326,241
(188,925)|
|---|---|---|
|||137,316
(25,463)
(41,903)
11,191|
|||81,141
68|
|||81,209|
The notes on pages 7 to 8 form part of these financial statements.
Page 5
## **African Community Centre Balance Sheet As At 31 March 2024**
||||**2024**|||**2023**||
|---|---|---|---|---|---|---|---|
||**Notes**|**£**||**£**|**£**||**£**|
|**FIXED ASSETS**||||||||
|Tangible Assets|**4**|||16,809|||16,809|
|||||16,809|||16,809|
|**CURRENT ASSETS**||||||||
|Debtors|**5**|1,852|||1,852|||
|Cash at bank and in hand||265,629|||258,665|||
|||267,481|||260,517|||
|**Creditors: Amounts Falling Due Within**
**One Year**|**6**|(37,936)|||(47,923)|||
|**NET CURRENT ASSETS (LIABILITIES)**||||229,545|||212,594|
|**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**||||246,354|||229,403|
|**PROVISIONS FOR LIABILITIES**||||||||
|Provisions For Charges||||2,958|||2,958|
|**NET ASSETS**||||249,312|||232,361|
|Income and Expenditure Account||||249,312|||232,361|
|**MEMBERS' FUNDS**||||249,312|||232,361|
For the year ending 31 March 2024 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
‘ee Mr Taiwo Okeyene Director
13/12/2024
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 2024**
## 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 (2023: 7)
## 4. **Tangible Assets**
|**Cost**
As at 1 April 2023
As at 31 March 2024
**Depreciation**
As at 1 April 2023
As at 31 March 2024
**Net Book Value**
As at 31 March 2024
As at 1 April 2023|**Motor**
**Vehicles**
**£**
24,999|
|---|---|
||24,999|
||8,190|
||8,190|
||16,809|
||16,809|
Page 7
## **African Community Centre Notes to the Financial Statements (continued) For The Year Ended 31 March 2024**
## 5. **Debtors**
|.
**Debtors**|||
|---|---|---|
|**Due within one year**
Trade debtors
.
**Creditors: Amounts Falling Due Within One Year**
Other taxes and social security|**2024**
**£**
1,852
**2024**
**£**
37,936|**2023**
**£**
1,852|
|||**2023**
**£**
47,923|
6. **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 2024**
|**TURNOVER**
Grants
Donations
**COST OF SALES**
Counselling (Cost of sales)
Wages and salaries
Supervision
Employers pensions - defined contribution schemes
Activities and Events
Management fees
Vehicle running costs
Repairs, renewals and maintenance
Depreciation of motor vehicles
**GROSS SURPLUS**
**Distribution Costs**
Employers NI
Insurance
Administration and support costs
**Administrative Expenses**
Subcontractor costs
Temporary staff
Staff training
Childcare
Volunteers expenses
Travel and subsistence expenses
Project Resources
Other Project Expenses
Rent
Printing, postage and stationery
Advertising and marketing costs
Telephone
Accountancy fees
Legal fees
Consultancy fees
Subscriptions
Other office costs
Entertaining
Sundry expenses|**2024**
**£**
**£**
349,189
180
349,369
44,777
111,255
924
1,940
16,902
2,000
7,367
-
-
(185,165)
164,204
7,162
677
7,018
(14,857)
15,675
9,001
3,403
3,216
2,000
7,291
17,787
12,219
24,499
240
2,421
632
10,971
-
12,137
1,194
1,891
19,640
180
(144,397)|**2024**
**£**
**£**
349,189
180
349,369
44,777
111,255
924
1,940
16,902
2,000
7,367
-
-
(185,165)
164,204
7,162
677
7,018
(14,857)
15,675
9,001
3,403
3,216
2,000
7,291
17,787
12,219
24,499
240
2,421
632
10,971
-
12,137
1,194
1,891
19,640
180
(144,397)|**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)
...CONTINUED|
|---|---|---|---|
|||349,369
(185,165)||
||7,162
677
7,018||16,957
448
8,058|
|||164,204
(14,857)
(144,397)||
||15,675
9,001
3,403
3,216
2,000
7,291
17,787
12,219
24,499
240
2,421
632
10,971
-
12,137
1,194
1,891
19,640
180||-
-
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|
|||||
Page 9
## **African Community Centre Detailed Income and Expenditure Account (continued) For The Year Ended 31 March 2024**
|**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**|400
11,220|11,620|3,846
7,345|11,191|
|---|---|---|---|---|
||381||68||
|||16,570
381||81,141
68|
||||||
|||16,951||81,209|
Page 10
Document Information
## Document
Title ACC Accounts Ending March 2024 ID 067d33af-abd6-4a59-90ae-dc1ef9b7f7de Status Signed Sender Colin Grey (colin@businesssenseaccountants.com) Dept/business accounts Dept/business ID accounts4 PDF Certified True
## Signers
Name Authentication Taiwo Okeyene Email
## History
Event Email IP address Date/Time ACC Accounts Ending March 2024 colin@businesssenseaccountants.com86.139.115.15 Thu, 19 Dec 2024 13:55:21 +0000 created by Colin Grey ACC Accounts Ending March 2024 colin@businesssenseaccountants.com Thu, 19 Dec 2024 13:55:22 +0000 emailed to Taiwo Okeyene taiwo@africancommunitycentre.org.uk opened email for document ACC taiwo@africancommunitycentre.org.uk Thu, 19 Dec 2024 13:55:24 +0000 Accounts Ending March 2024 ACC Accounts Ending March 2024 visited by Taiwo Okeyene taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:05:38 +0000 Signature applied (page 8) taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:08:48 +0000 Signature applied (page 8) taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:08:56 +0000 Signature applied (page 5) taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:09:12 +0000 Ticked checkbox for statement: I confirm that I am authorised to taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:09:30 +0000 accept the terms of this document. Ticked checkbox for statement: I understand that accepting the terms taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:09:30 +0000 of this document creates a legally binding obligation. Signer offered option to accept or taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:09:30 +0000 reject document Clicked button with text: By clicking this button I hereby ACCEPT the taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:09:30 +0000 terms of this document ACC Accounts Ending March 2024 completed by Taiwo Okeyene taiwo@africancommunitycentre.org.uk31.54.65.89 Thu, 19 Dec 2024 14:09:30 +0000 'ACC Accounts Ending March 2024' colin@businesssenseaccountants.com Thu, 19 Dec 2024 14:09:31 +0000 completed.