African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Registered number:1124327 Company Number: 09331619
African Community Centre Limited by Guarantee
Unaudited Financial Statements
31[st] March 2025
First 4 Enterprise Ltd T/A Business Sense CPAA The Business Centre 1 Peniel Green Road Llansamlet Swansea SA7 9AP
African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Contents Information ........................................................................................................................... 3 Chairman’s Report ................................................................................................................ 4 Independent Examiner’s Report ............................................................................................. 6 Aims and Objectives .............................................................................................................. 7 Public Benefit ........................................................................................................................ 7 Financial Review ................................................................................................................... 7 Investment Policy ................................................................................................................... 7 Reserves Policy ...................................................................................................................... 7 Structure, Governance and Management ................................................................................ 8 Income and Expenditure Account for the year ended 31[st] March 2025 .................................... 10 Balance Sheet as of 31[st] March 2025 ...................................................................................... 11 Net Movements in Restricted and Unrestricted Funds for 12 months ..................................... 13
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Information
The trustees, who are also the directors for the purpose of company law, present their report and the unaudited financial statements of the Charity for the year ended 31[st] March 2025.
Directors/Trustees 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 09331619 Charity Number 1124327 Registered Office The Grand Multicultural Hub Singleton Street Swansea SA1 3QJ Accountants First 4 Enterprise Ltd T/A Business Sense CPAA The Business Centre 1 Peniel Green Road Llansamlet Swansea SA7 9AP
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Chairman’s Report
As Chair of the African Community Centre, I am proud of the deep trust our communities in Swansea, Cardiff, and beyond place in us. Our roots lie in serving African and AfricanCaribbean people, and we honour those origins by upholding the values of welcome, solidarity, and resilience. But our doors have always been open, and today, we serve people from all backgrounds facing hardship, inequality, or isolation.
Over the past year, we have continued to deliver vital programmes including REACH, HarMINDise, Carers Journey, youth engagement, and ESOL and childcare support. Even as some funded projects conclude, our mission remains constant: to break down barriers to wellbeing, inclusion, and opportunity.
We are especially grateful to all our funders and partners, longstanding and new, whose contributions enable us to support those most in need. Through their support, we have sustained holistic services that address not only mental health and education, but also social connection, cultural expression, and practical assistance.
Looking ahead, the Board remains focused on strategic steps to strengthen our foundation, clarify our mission, and amplify our impact across Wales. Our open-door policy is not just about access; it reflects our purpose: to be a trusted hub where people feel safe, supported, and empowered to build fulfilling lives.
Our goal remains the same: to create a Wales where every individual, regardless of background, can belong, grow, and thrive
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.
The Trustees’ annual report was approved on ……………………9/12/2025……………… and signed on behalf of the Board of Trustees by:
……………………………………………………………………………
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Independent Examiner’s Report
I report to the Trustees on my examination of the financial statements of African Community Centre for the year ended 31[st] March 2025.
Responsibilities and basis of report
As the Trustees of the Company (and also its directors for the purposes of Company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity's accounts as carried out under Section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the Charities Act 2011.
Independent examiner’s statement
Since African Community Centre’s gross income exceeded £250,000, your examiner must be a member for a listed body. I can confirm that I am qualified to undertake the examination as I am a member of Certified Public Accountants Association, which is on the list of bodies.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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The accounts do not accord with such records; or
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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 fair’ view which is not a matter considered as part of the independent examination: or
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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
Colin Grey CPAA First 4 Enterprise Ltd T/A Business Sense The Business Centre 1 Peniel Green Road Llansamlet Swansea SA7 9AP
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Report for the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
Aims and Objectives
African Community Centre is committed to breaking down barriers, promoting participation and community cohesion and integration as well as facilitating a better understanding of diverse ethnic communities in Wales. It is involved in the promotion of equality and diversity for the public benefit by for example: the elimination of discrimination on the grounds of race, culture, ethnicity, nationality and language; advancing education and raising awareness in equality and diversity; promoting activities to foster understanding between people from diverse ethnic backgrounds; conducting or commissioning research on equality and diversity issues and publishing the results to the public; cultivating a sentiment in favour of racial equality and diversity.
Public Benefit
When reviewing its objectives and aims, reference is made to the guidance contained in the Charity Commission's general guidance on public benefit. The board of management considers in detail how planned activities contribute to the aims and objectives set out in the organisation's constitution.
Financial Review
The charity ended the financial year 24-25 with a surplus of £20,715. In the year ended 31[st] March 2024 there was a £16,951 surplus.
Investment Policy
Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. The charity has a policy of keeping surplus liquid funds in short-term deposits which can be accessed readily.
Reserves Policy
The trustees aim to maintain free reserves in unrestricted funds at a level between three and six months of unrestricted charitable expenditure. They consider that this level will ensure that there are sufficient funds available to cover support and governance costs if the Company needed to be wound up.
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
African Community Centre is a charitable company limited by guarantee, incorporated on 2[nd] August 2007. The charity was established under a Memorandum and Articles of Association which established the objectives and powers of the company. In the event of the company being wound up the members are required to contribute an amount not exceeding £10.
Recruitment and Appointment of New Trustees
The directors of the company are also charity trustees as defined charity law. Under the requirements of the Memorandum and Articles of Association at each annual general meeting one-third of the directors or, if their number is not three or a multiple of three, the number nearest to one-third, must retire from office. If there is only one director, he or she must retire. Directors are elected to serve for a period of three years after which they must be reelected at the next Annual General Meeting. The appointment of a director, whether by the charity in general meeting or by the other directors, must not cause the number of directors to exceed any number fixed as the maximum number of directors. All board members give their time voluntarily and receive no benefits from the charity.
African Community Centre is the overarching umbrella body established in Wales to bring together key organisations which work to combat prejudice, race discrimination, harassment, abuse and violence. It works towards the elimination of racial discrimination and the promotion of equality of opportunity and improving race relations between people from different racial backgrounds.
The board members therefore seek to ensure that the needs of people from the different racial backgrounds are appropriately reflected through the diversity of the board members. To enhance the potential pool of board members the charity has through a scrupulous process recruited board members from varied backgrounds. Equally important is the broad skill mix of the board members which is taken into consideration during the recruitment process. In the event of any skills lost due to board members leaving or through retirement, individuals with similar skills are approached with a request for them to join the Board.
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Organisational Structure
African Community Centre has a minimum of four board members and no maximum number. The board meets quarterly and is responsible for the strategic direction and policy of the charity. The board members are from different professional backgrounds relevant to the work of the charity, and they all have voting rights.
Induction and Training of New Trustees
Many of the board members at the initial stage of joining the board are already familiar with the practical work of the charity. However, all board members are encouraged to undertake a series of training courses to equip them with the necessary knowledge, skills and awareness of their roles and responsibilities as well as objects of the organisation. A trustee starter pack is given out as a handout to each board member including a copy of the Memorandum and Articles of Association.
Average Employees
The average monthly number of employees were as follows:
| The average monthly number of employees were as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| Average number of employees | 7 |
7 |
| No employee received emoluments in excess of £60,000. |
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African Community Centre Company Limited by Guarantee Unaudited Financial Statements for Year Ended 31[st] March 2025
Income and Expenditure Account for the year ended 31[st] March 2025
| Income and Endowments Income Total Income Expenditure Charitable Activities Total Expenditure Net Income & Movements in Funds |
2025 2024 405,287 349,369 |
|---|---|
| 405,287 349,369 |
|
| 384,572 332,418 |
|
| 384,572 332,418 |
|
| 20,715 16,951 |
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African Community Centre Company Limited by Guarantee
Unaudited Financial Statements for Year Ended 31[st] March 2025
Balance Sheet as of 31[st] March 2025
| Balance Sheet as of 31 | Balance Sheet as of 31[st] March 2025 | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Fixed Assets | ||||
| Tangible Assets | 18,526 | 18,526 | 16,809 | 16,809 |
| 18,526 | 18,526 | 16,809 | 16,809 | |
| Current Assets | ||||
| Debtors 1,852 |
1,852 | 1,852 | 1,852 | |
| Bank Account 280,346 |
280,346 | 265,629 | 265,629 | |
| 282,198 | 282,198 | 267,481 | 267,481 | |
| Creditors | (33,655) | (37,936) | (37,936) | |
| Net Current Assets | 248,543 | 248,543 | 229,545 | 229,545 |
| Provisions | 2,958 | 2,958 | 2,958 | 2,958 |
| Net Assets | 270,027 | 270,027 | 249,312 | 249,312 |
| Members Funds | 270,027 | 270,027 | 249,312 | 249,312 |
For the year ending 31[st] March 2025, 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
…………………………
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African Community Centre Company Limited by Guarantee
Unaudited Financial Statements for Year Ended 31[st] March 2025
Detailed Income and Expenditure for the Year Ended 31[st] March 2025
| Income | ||
|---|---|---|
| Grants | 398,178 | |
| Donations | 180 | |
| Other Income | 6,525 | |
| Bank Interest Receivable | 404 | |
| Total Income | 405,287 | |
| Charitable Expenses | ||
| Accountancy | 12,497 | |
| Activities and Events | 36,073 | |
| Administration | 3,094 | |
| Advertising | 4,646 | |
| Childcare | 6,598 | |
| Computer Software | 16,319 | |
| Consultancy | 17,503 | |
| Counselling | 61,773 | |
| Employer NI | 5,155 | |
| Entertainment | 17,434 | |
| Insurances | 711 | |
| Management Fees | 9,310 | |
| Other Office Costs | 307 | |
| Other Project Expenses | 13,876 | |
| Pensions | 1,567 | |
| Printing, postage and Stationery | 1,708 | |
| Project Resources | 19,977 | |
| Rent | 24,451 | |
| Salaries | 93,046 | |
| Staff Training | 7,264 | |
| Subcontractors | 3,934 | |
| Subscriptions | 1,694 | |
| Sundry | 368 | |
| Supervision | 550 | |
| Telephone | 2,890 | |
| Temporary Staff | 4,713 | |
| Travel Expenses | 13,566 | |
| Vehicle Running Costs | 2,948 | |
| Volunteer Expenses | 600 | |
| 384,572 | ||
| Surplus | 20,715 |
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African Community Centre Company Limited by Guarantee
Unaudited Financial Statements for Year Ended 31[st] March 2025
Net Movements in Restricted and Unrestricted Funds for 12 months
| Money In | Money Out | Net Movement | |
|---|---|---|---|
| Restricted Funds | |||
| ACC FC Youth | 11,000 | 10,515 | 485 |
| ACES 2023 | - | 4,398 | (4,398) |
| Adult Learning Wales 2 | 13,163 | 6,190 | 6,972 |
| Carers Journey | 64,442 | 62,591 | 1,851 |
| CIN Reach 23-25 | 29,419 | 35,232 | (5,813) |
| Clean Green Cardiff Streets | 21,675 | 16,620 | 5,055 |
| Confidence Building Training | - | 926 | (926) |
| Digital Diversity | - | 1,800 | (1,800) |
| Enable | 13,868 | 18,066 | (4,198) |
| Fit and feed | 6,000 | 4,980 | 1,020 |
| HarMINDise | 65,374 | 83,684 | (18,310) |
| Isolatation in Cardiff | 2,000 | 1,772 | 228 |
| Llais Cymru | - | 150 | (150) |
| Mens Shed | 1,150 | 1,842 | (692) |
| Moondance Foundation | 18,531 | 18,669 | (138) |
| National Heritage | 5,423 | 6,533 | (1,110) |
| Reach Me 23 Me | 49,048 | 49,017 | 31 |
| Suicide Prevention | 4,000 | 12 | 3,988 |
| Summer Holiday Food Fund 24 | 1,850 | 1,800 | 50 |
| Tennis Wales | 800 | 668 | 132 |
| Unpaid Carers Short Break | 18,500 | 4,502 | 13,998 |
| Waterloo Foundation | - | 10,692 | (10,692) |
| WCVA Elevate Volunteers | 11,238 | 18,574 | (7,336) |
| Windrush Small Grants 24 | 2,000 | 920 | 1,080 |
| Youth Cymru Cynefin | - | 2,310 | (2,310) |
| Unrestricted Funds | |||
| ACC Slush | 7,715 | 6,112 | 1,603 |
| Diverse Cymru Capital Grant | 8,683 | 5,806 | 2,877 |
| Lloyds | - | 8,437 | (8,437) |
| Lloyds Grant 24-26 | 25,000 | 9,015 | 15,985 |
| Postcode Community 24-25 | 25,000 | 3,485 | 21,515 |
| Raspberry Grant | 1,890 | 2,056 | (166) |
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