**African Caribbean Leadership Company Limited** _**Custodian of The Future**_ ## Annual Report and Accounts 2023/2024 1 Registered Charity No. 1128622 ## **CONTENTS** |1. The Chair’s Report|Page 3| |---|---| |2. The Company’s Secretary Report|Page 7| |3. The Senior Citizens Committee Report|Page 8| |4. Woman’s Group Committee Report|Page 9| |5. Cultural Committee Report|Page 11| |6. Youth and Education Committee Report|Page 13| |7. Treasurer’s Report|Page 14| |8. Executive Board and Admin|Page 15| |9. General Membership|Page 16| |Financial Report and Accounts|Appendix 1| 2 ## **THE CHAIR’S REPORT** By Peter A Fell MBE We began the year with a sober assessment and acknowledgement of the challenges and issues confronting the African Caribbean Leadership Company Limited (ACLC) and essentially, the Executive Board and the importance of an increased and meaningful engagement with the local community, recognizing its stake as well as its role in both challenges and successes. We understood the need for community space to deliver programmes and projects for the community and pledged enhanced delivery of such programmes and projects to the best possible whilst exerting every effort to ensure our re-entry to the West Indian Cultural Centre ## **2023/2024 Outcomes** Although below expectations outcomes for the reporting period were modestly better than the previous year. Efforts to secure our re-entry to the Cultural Centre yielded some promise when in July of last year agreement to re-occupy and use the ground floor of the building was cleared with the Landlord. Sadly, continuous rainwater ingress from the roof of the upper floor kitchen progressed to the ceiling of key ground floor rooms, compromising the ceiling electrical system thus creating safety issues that negatively impacted our re-entry. Further, two or more separate incidents of burglary to the building have resulted in devastating damage and losses to the Company. Extensive damage to building infrastructure (skylights, internal doors, door locks, door glass, etc.) accompany damage to the Drinks Bar and theft of bar stock, as well as damage to office furniture and theft of office and IT equipment of significant value. DNA evidence has led to police apprehension and charge of an individual currently held in custody pending trial. _Key 2022/2024 - outcomes (period since last AGM)_ :Notwithstanding the continued closure of the doors to our cultural centre the ACLC has remained functional as an organisation. With the valued good will of our volunteer staff much good work has continued towards our goals of strong and meaningful engagement with our members and the community, strengthening our organization and expanding delivery of relevant, important, and influential community services. In this regard, we have been fortunate to secure the engagement and support Ms Diana Roy, a professional and successful Fundraiser, working closely with the Company Secretary with much optimism as to future successes. - Review of ACLC constitutional and regulatory instruments and structure, including relationship with WILC (Haringey) Ltd and ensuring compliance and good governance. - Ongoing review of ACLC membership qualification and structure with consideration of growth as well as generational succession and future relevance. - Organised community meetings leading to the pending formation of a Community Volunteer Group pledged to the support of ACLC’s quest for the Centre 3 - Continued development of forged relationships with key local community groups and organisations, including the Community Hub; Haringey Council’s Community Sector. - Strengthened relationships with funding bodies, including the Greater London Authority and the National Lottery Community Fund, etc and working to forge new relationships with both corporate bodies and Charitable Trusts. - Hosted a political husting in June for th political party candidates standing to represent local and neighbouring constituencies in the July general election and looking to forging a meaningful engagement with the now elected local Parliamentary Representative, Bambos Charalambous MP, in advancing our community and organisational causes and interests. - Delivery of information and help to entitled claimants under the Windrush Compensation Scheme. - Commencement of the _Caring is Sharing_ programme for seniors. Although the doors to our cultural centre have been closed for another year, the ACLC has not stood still as an organisation. Yes, not having use of the building has greatly impacted our community (from the most vulnerable and strong to differing degrees). However, we have been working, in the background, towards returning strongly with relevant, important, and influential community services ## **2024/2026 Targets** Some things are best done solely by ACLC, while others can be enhanced through working collaboratively (stronger together). Our main initiatives and targets for 2024/25 include: - Generating and maintaining funding for a sustainable building. - Forging stronger partnerships to deliver projects and programmes, e.g., continuing to work closely with Voice4Change England, whose vision is to ‘ _build a stronger and more inclusive civil society to meet the needs of Black, marginalised and other disadvantaged communities_ ’. Also, with Action for Race Equality, who challenge race discrimination & champion fairness across education, employment & criminal justice. - Fostering an understanding and appreciation of African and Caribbean cultures through the arts, education, and events. - Supporting and working more closely with Haringey Council to deliver services more aligned to the cultural needs of our black youths, elderly and the vulnerable in our community, including Mental health awareness and support initiatives to destigmatize mental health issues and provide resources for those in need. - Generating and maintaining funding for our planned projects. Alongside funding for core administrative activities, our planned projects include: Women’s Projects ( _Women’s Empowerment and Women’s Health projects_ ). Cultural projects ( _healthy living, music, black heroes, and literature, reading, writing, expression and performance arts and museum and theatre clubs_ ). Youth projects ( _promoting sustainable living topics: Discipline, Respect, Bullying, Anxiety, Human dignity, mentoring, dispute resolution, sexual integrity; and supporting youth not in education, employment, or training; avoidance of harmful substances and engagement with County Lines, etc._ ) 4 Senior Citizens projects _(Maintenace of mental and physical health_ , _Digital awareness, tea club, youth engagement, quarterly trips, etc._ ) - Developing our online presence and supporting our community remotely, including improvements to our ACLC website content, with technology to track the expected increase in visits to our site. - Extending community engagement, through a variety of means (e.g., general and specific funding and scrutiny committees). - Supporting the development and growth of African and Caribbean artists, musicians, writers, and performers, providing them with a platform to showcase their work. - Maintaining membership levels and principles to ensure that the vision and mission of the ACLC founders’ (delivering services that sustainably improve the lives of our community) is fulfilled for years to come. ## **Acknowledgements** Continued thanks to the vision of our Founding Members for this organisation; a legacy that we strive to sustain. Countless thanks to them many of who are no longer with us today. Let us first express our sadness at the demise and loss of the late Errol Hinds, ACLC Board Member and dear and respected colleague. We acknowledge his valued contribution both to ACLC and community and join his family in mourning his passing. Congratulations to Ms Jessie Stephens MBE SLPM on being among the limited representatives of the Windrush Generation honoured by His Majesty King Charles III to have their portrait painted for exhibition in the Royal Gallery. We are ever grateful for her continued and inspiring presence coupled with her knowledge and wise guidance. Mr Wesley de Mendonca counts among the legacy members of the organisation having served for many years in senior positions on the boards of both ACLC (Treasurer) and WILC (Chairman). Mr de Mendoca resigned his remaining post as Chair of WILC in July 2023 but retains membership of ACLC. We thank Mr de Mendonca for his long and distinguished service to both our organisation and community and our continued benefit from his wisdom and legacy. Thanks to all our Executive Committee members who have met constitutionally and otherwise over the past year to discuss administrative matters and to progress plans for ACLC’s strong and sustainable presence. Special credit and thanks to Mrs Carmen Lomotey, the Company Secretary, for her dedicated and remarkable work on so many fronts to pursue and ensure our achievements. We thank Mr Trevor Nembhard who has loyally kept faith with the organisation and selflessly volunteered his time and energy to the management of its finances and in this regard, we also thank Mr Nicholas Christopher for his ever-appreciated guidance on discipline and management of our financial accounting process. 5 As a dedicated volunteer Mrs Debbie Lawrence’s efficient management of our administration is above value. The efficient and successful operation of our administration distantly outside the Cultural Centre is a credit to dedication, generosity and professional skill. We cannot thank her enough. We also thank Ms Diana Roy for her recognition of our effort at upliftment of our community and joining her knowledge and skills as a Fundraiser to that objective. Finally, we extend our thanks to our members and community volunteers who have so willing responded and subscribed to our call for support with repairs to the Centre. Other than specific grant funding and donations ACLC has no regular income to cover running costs, including necessary hire of alternative accommodation. Thank you to all who have donated to the ACLC’s building repairs fund and/or have been engaging with ACLC regarding its fundraising options. We urge your continued support. Thanks to the WILC (West Indian Leadership Company) for steadfastly pursuing the Landlord’s acceptance and performance of their contractual obligations in relation to the Cultural Centre. ## **Here to Serve** Our community greatly needs the services of ACLC. Momentum must be more than doubled over the coming year so that the organisation can successfully deliver to their needs. ## **Peter A Fell MBE Chair** August 2024 6 ## **COMPANY SECRETARY’S REPORT** by Carmen Lomotey Company Secretary 2023-2024 This year like the last has been very quiet in terms of activities due to the continued issues surrounding the Covid 19 Pandemic, and our longstanding issue with Haringey Council in regard to the building dilapidation and it currently being closed due to health and safety concerns, and FRA (Fire Risk Assessment) requirements. The closure has seriously hampered our efforts to support our community in their time of need and to provide a safe community hub for our most vulnerable in our society - the elderly and the young. In terms of administration, we have been operating with skeletal staff structure, and in the most part, operating in a voluntary capacity. The issues that are apparent are coupled with the issues not so apparent such as membership, constitutional queries and the ability of the organisation to work together to achieve its goals and to be more transparent to the community it serves. Moving forward, Partnership working appears to be the new way forward and we must consider carefully who we are to work with in the future. The work of ACLC continues in its efforts to bring the centre back into operational use as our beloved community hub which provides services from Counselling to Elderly Day Care, and providing a hot cooked meal to all who used our hub. Very important in this cost-of-living crisis. ## **Acknowledgements** I would like to give special thanks to Debbie Lawrence and Trevor Nembhard who have volunteered their time to ensure there is some continuation of administration and financial obligations. I also commend Carmen Lomotey, our Chair who has bought enthusiasm and vigour to ACLC that enables the organisation to move forward into the future, remaining on solid ground. I would also like to pay tribute to our Patron Ms Jessie Stephens MBE, who has remained committed to her role with ACLC as a founding member, and to those Committee Members who have contributed their time and effort to highlighting the cause of the Centre to members in our community who in turn have donated to our Just Giving building repairs campaign. **Carmen Lomotey Company Secretary** June 2024 7 ## **SENIOR CITIZENS COMMITTEE** Report by The Hon. Jessie Stephens MBE Committee Chair ## **Windrush 73** In June 2021, the Senior Citizen’s Committee celebrated the 73[rd] Anniversary of the arrival of the _The Empire Windrush_ with elder members of ACLC. The small event included a wonderful speech by guest speaker, the then Mayor of Haringey, Councillor Adam Jogee, who shared his awe-inspiring personal journey as a descendant of the Windrush Generation, his connections to the Cultural Centre and his rise to Mayorship in the borough. ## **Patron** As part of the Windrush 73 celebrations, and in recognition of her long-standing voluntary services and dedication to the organisation, elder, Ms Jessie Stephens MBE, became a patron of the organisation, and is now addressed as The Honorary Jessie Stephens MBE, patron of ACLC. Ms Stephens was presented with a certificate and a glass vase by Cllr. Adam Jogee, The Mayor of Haringey. It was agreed that all Founding Members of the cultural centre building would also be recognised with this honorary title henceforth. ## **Lack of income** The ACLC has been experiencing a bad patch, namely lack of finances and premises not suitable for use etc. As a result, lack of regular social activities and mobility has had a negative impact on our senior citizens. Some have sadly passed on while others are experiencing ill health, and we have had to resort to keeping in touch by telephone. ## **Survival** Our efforts have been challenging but rewarding and I would like to take this opportunity to thank all past and present members, volunteers, and friends for their valued support. As we look forward to the future, I urge all Members to continue to believe in us and give us the help and support that is required as we put our heads together and fight for survival. 8 ## **WOMEN’S GROUP COMMITTEE** ## Report by Valerie Graham Committee Chair The Women’s committee continues to remain relevant and looking for new supportive ideas and members. We are pleased to say we have 2 new members who joined the group in early 2024. The past year (2023 -24) continued to be challenging with the West Indian Cultural Centre still closed since Covid, remaining closed mainly due to subsidence and FRA issues. The finances of the Women’s Committee did not see an increase in the past year, partly due to the closure of WICC since March 2020 and remote meetings. The Committee, however, continues to operate and looks to work with other Women groups, such as Find your Voice, and Sewing Group. The Women’s Committee members have been meeting at several events in order to be educated and learn more. The main contact with members of the group has mostly been via WhatsApp and also via online zoom meetings. The committee members decided to keep meeting via zoom, as we did not have funds to hire venues. Since August 29th, 2023, the committee has met each last Tuesday of each month, to discuss different topics such as: - 'What is Culture?' – this was a lengthy discussion looking at “culture” from many angles. “Culture” is a term that brings together a wide variety of human activities, such as beliefs, values, behaviours and artifacts shared by a group of people and transcend from generation to generation. - Who are our role models, and why? - We looked at what made us happy, sad and stressed? - Black women and our wellbeing – this covered how we deal with Health issues, such as, Heart disease, High Blood Pressure, Cancer, Diabetes Auto Immune Diseases, Mental Illness and keeping good health; - The Windrush Saga – a special guest was invited to give us a talk on the topic. These ACLC Women’s talk hours sessions have had a good participation (with over 100+ women attending overall), and feedback confirms that respondents have fully enjoyed the discussions. ## **2024/25 - Future plans** Funding for delivery of Women’s projects and programmes is integral for 2024/25 onwards. In May 2024 we applied for Health and Education bid, for £5,000, looking 9 specifically for educating Black women around menopause, fibroids and other health issues, such as trauma and stress, which women are adversely affected by. Although we assume that the bid was unsuccessful, as to-date we have not heard from the funders, we are determined, we are not only planning to submit similar bids but are also looking to submit bids concerning Women’s leadership and empowerment of women of colour. The Women Committee Chair continues working with Haringey Voluntary and Community Sector contacts and also plans to work closely with EmpowerHer - Haringey Women’s Collective. Valerie Graham **Chair of the ACLC Cultural Committee** August 2024 10 ## **CULTURAL COMMITTEE** ## Report by Lorna Blackman Committee Chair The Vice Chair and volunteers that support the ACLC Cultural Committee are very concerned that the building is collapsing despite the continued publicity about the centre. The concern is growing. Between 2023 and present, the Cultural Committee have connected with the Black Archives in Brixton through the Windrush foundation by attending workshops, talks and conferences. We heard testimonies from other black organisations attending the workshop and conferences’ that there was a process from councils to downsize and sell off black community buildings. The Black Archives Building has been downsized twice including their social space. The ACLC Cultural Centre created a short film that is now being publicised to highlight the need for the community to come together and re-build the centre. ## **Present and Future plans** Cultural Committee activities includes addressing concerns about the relationship between police and the black community. Volunteers researched the historical black presence of black women in the police force – Sislin Fay Allen. This research continued into creating a live Historical performance – over 400 people attended. The metropolitan police museum – contacted the ACLC Chair of the cultural committee. The metropolitan police museum wanted the script for their archives and the project work. The Good Black Men and Good Black Women project was a ACLC Cultural committee initiative. However, due to the closure of the centre there was a need from the African Caribbean community for the project to continue. Since the closure of the centre, we have been operating at Academy Buildings. So far over 40 adults have gained Level 3 accredited. We aim that when the centre is re-opened, we can transfer the project back to the centre. Given the high publicity of One Love, Bob Marley film the ACLC Cultural committee has created a project for children and families entitled: CEDELLA. This was possible through the parents and volunteers paying for studio and space to deliver the project. With the good mental health at top of the Cultural Committee’s agenda, the committee continues to develop projects incorporating spoken word, music or any other forms of creativity. To support employability the committee continues to promote Public Speaking with the objective of the course to increase confidence, presentation, and interview skills. 11 We look forward to sustaining current projects and developing our plans, bringing new projects into fruition in the continued bid to supporting our community in these difficult times. Topics include: The Black Child in education, rising energy bills and increasing food banks, and How can the black community survive? Partnerships and associations, current and future, include: - Black Excellence awards - Black Cultural Archives - FHALMA – The Huntley Archives Lorna Blackman **Chair of the ACLC Cultural Committee** August 2024 **----- Start of picture text -----**
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12 ## **YOUTH AND EDCUATION COMMITTEE** ## Report by Brenda Jennings Committee Chair The COVID-19 pandemic lockdown during 2020 meant the members and volunteers of the Cultural Committee were not able to meet physically. Since 2021 the Cultural Committee have endeavoured to form links and research other African Caribbean communities. With the Cultural Centre building being closed it has been difficult to deliver face to face projects. As a result, the Cultural Committee created a short film on YouTube that went viral on social media concerning the closure of the centre and desperately asking the community to contribute funds and support. This video opened the discussion concerning the centre which is ongoing. As Chair of the Cultural Committee, I was grateful for the support received from the volunteers when it came to editing the film. ## **Present and Future plans** Good mental health in the African Caribbean Community is top on the Cultural Committee Agenda and we are in the process of trying to develop projects especially for when the centre can be used or rented out for one day workshops. This will include inviting the African Caribbean Community especially young people to come and communicate their ideas through spoken word, music or any other form of creative medium . ## **Employability and Sustainability** Our future plans include bringing back the successful Public Speaking Course Level 3, which prepares participants for public speaking, and includes the technical aspects of speech writing. The main objective of the course is to increase confidence, presentation, and interview skills. We look forward to developing our plans to bring them to fruition in a bid to supporting our community in these difficult times. June 2024 13 ## **TREASURER’S REPORT** by Joanne Higgins & Trevor Nembhard ## **Overview** While the African Caribbean Leadership Company (ACLC) aim, and objectives remains the same our progress toward initiating support to our community from a strong financial base continues to diminish over the last 4 years. Again, the last financial year continue to be a challenge in more ways than one, however, we continue to manage through dedication and determination against all the odds from external factors to maintain the status quo. The admin, finance and volunteers have diligently supported the organisation wherever and whenever possible. With no core funding we have been successful in applying for smaller grants to operate an external service considering our current absence from our ancestral home. Our company secretary must be recognised for her efforts in this regard, and she currently oversees the Caring is sharing (CIS) and Action for Race Equality Projects (ARE). We must also acknowledge the efforts of all the directors and general council members who studiously attends meeting to keep the ship afloat. ## **The Accounts** The 2023/2024 accounts show a reduce loss in comparison to 2023 (£7808). Donations & Legacies reflect only the amounts spend, as the grant spans 2 accounting periods. For your information the (CIS) grant is £10,000 and (ARE) is £16,500. The total accumulated fundraising incomes through Just Giving is currently £1807. Our overheads are a summary of a tribunal ruling £1912, Examiner fee £1590 and the depreciation of asset £1472 Moving forward, we aim to up our fundraising determination and continue to keep a tight rein on our expenditures. Once again Special thanks to those who have contributed financially or in kind towards the organisation, and to all members and friends who have contributed and continue to support and help fight our cause. Cynthelene Higgins Trevor Nembhard 14 ## **Hon. Treasurer** ## **Vol. Finance Officer** ## **ACLC EXECUTIVE BOARD / ADMINISTRATIVE TEAM 2023-2024** ## **EXECUTIVE COMMITTEE** Mr. P. Fell Chair Mrs C. Lomotey Company Secretary Ms. C. Higgins Company Treasurer Ms B. Jennings Chair, Youth & Education Committee Mr. R. Nelson Assistant Company Treasurer Mrs V. Graham Chair, Women’s Group Committee Ms L. Blackman Chair, Cultural Committee Ms J. Stephens Chair, Senior Citizens Committee Mr. E. Hines (until August 2023) Chair, Commercial Development Committee ## **ACLC ADMINISTRATIVE TEAM** Ms J. Stephens Volunteer Office Co-ordinator Mr. T. Nembhard Contractor/volunteer Finance Officer (P/T) Mrs D. Lawrence Contractor/volunteer Administrative Officer (P/T) Ms. D. Henry Contractor/volunteer (P/T) **VOLUNTEERS** Samuel Nelson Volunteer Carol Small Volunteer Naomi Lomotey Volunteer 15 ## **ACLC GENERAL MEMBERSHIP 2023-2024** ## **Island Organisations** Mr W. de Mendonca Ms D. Prince Ms J. Thomas Ms B. La Rose Ms S. Quinlan Mr P. Fell MBE Ms D. Melchor Ms J. Stephens MBE Guyana People’s Congress Guyana People’s Congress Guyana People’s Congress Guyana People’s Congress St. Lucia Association St. Lucia Association St. Lucia Association St. Lucia Association ## **Affiliated Groups** Ms B. Jennings Ms C. Lomotey Ms. N. Lomotey Ms. J. Francis Mr. B. Wallis Mr. N. Pepukayi Mr. J. White Mr. E. Hines (until August 2023) Ms. L. Blackman Mr. P. Nelson African Caribbean Day Nursery CPL Business Solutions CPL Business Solutions Hornsey Domino Club Hornsey Domino Club Marcus Garvey History Club Marcus Garvey History Club Star Academy Solutions Limited The Stylisters/Urban Short Cut The Stylisters/Urban Short Cut ## **Individual Members** Mr. H. Francis Mrs V. Graham Mr. M. Hart Ms. C. Higgins Mr. L. Mears Mr. R. Nelson 16 **The Doctor Bird, National Bird of Jamaica** Folklore says: It is a clever bird which cannot easily be killed.[:] **African Caribbean Leadership Company Limited (ACLC) 9 Clarendon Road, London N8 0DD** Website: www.aclc.org.uk | Email: info@aclc.uk | Tel: 0208 881 5881 | Mobile: +44 (0)7539 246154 17 REGJsfERED COMPANTr' NUMBF.R: IJ6679865 IF.TJgland and Wales) REGISTERED CH.4RITI' NUMBEIL. 1128622 REIIORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL sfATEMETrtrs FOR THE YEAR ENDED 29 FEBRUARY 2024 FOR AFRICAN CARIBBtLN LEADf.RSHIP COMPANY LIMITED ("linstnplJer & r.n Lhartcred Acc￿untantq 51? Ro.Id Tufnell Paik N-. 11.4R AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED cowrENTS OF THE FINANCIAL STATEMENTS for the Year Ended 29 Febniary 2024 Report nf the Twstee$ Independent Examiner'g Rtport Siaten)ent of Financial A¢tiwtse* Shevi Ci t¢J 7 Norch to thc Financial Statefflcnt AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 REPORT OF THE TRLSTEES for the Year Ended 29 Febniary 2024 Thi TTUStCiS '.Irc aliii dirccro-5 Ut rhc charir%. for PUTP05C5 of thc ￿MPanic5 .Icr ?IXkn, pri5¢nr rhciT TLEM)Tl ￿'ith th¢ tifiincifil siai¢m¢llib of ch¢ chArin' tur fh¢ I'trAf ¢nda 29 F¢bnkin. •024. TlJ¢ hthv¢ ae.vpia chr PDJiisivns vf AccuUn(iASF Itkl R¢pvriinM bi. l-.hiritie%...%taten)tnt Recon)mer.deJ Ptactice applicable tth charities Prepjrj￿Tr thejr 2ccnunLS in'icc(>rdance witli tlie Reporting SrJndArd AppIILdblL In th.. UIk and Ripublic (IFlrLIHnd (FRS 1021 ILfFL"CDI-L I JAnLUTh" 20191. COMMENCEMENT OF OPERATIONS .1 h¢ chil 11-.Rhl¢ C<)rnpAni ci)Trtn¢r.f¢d li?¢lltions l Apnl thl I fo]luwTrk ihe fftTrsCer li vl- the net ASyeis ancl ￿til.1t1¢S vt ilie unuicnrry>rateu a%4()cJauon iltncxn (.anbbean LtllJerthp (.nunrd IRy%tertd (-haiitt. NIJ 2Y.¥>(IXI. OBJEcfIvES AND AcfIvITIES ObjeLtlveb atid diXJi% i?riim l)l- i.Ic iA)ndvn tk)r()u¥h rted b!. re4en'es, grAni inc()nie. Ind dun'.Irivn%. Prinr ril thc ('.()I'ID. Ilj pndcmK Il(.'L('. L?￿rated and min¥cd thc LwIiiiTII LYTrtr¢ (Ik'J(.'('.11. pm%lded a iicnuc flir %?ripu% WLlfJTC, ind hall hiry. o)mmuniTh' ¢vun4¢llinx &- tDai*iiun, recrexiivnji I en'ices anLI Jiiii'iiie4 lor !'¢)Iiiig pu)ple. And ihe eklerii.. Ir 14 314n h¢>[￿￿ that the Ki'll-.(- MA!. re-ijpen in Ihe near luture. In iht meAntir.ie, p]Jce empliasii i>n Inc(In￿ srnerAiinn in i)rJer s1)%tHin ciiimniuniri. (c(￿m￿nI1￿￿￿ ()f Oi%t minimi>ii Ili>n. And ￿l￿￿an¢¢I rj%iili¢d In ACI.I-. ii)qiiqyiny fiiiaiiciryll!. (>i'er th¢ linAfiriA] I'¢#r. All gr¢ anxi4)￿511. *u'#iiin¥ ilit thr CulturAI l?vb IKX ILCI. CULiiniuniti' eIigRgemertt is chtiviiig iiid 4h?p'Iig il('.L( % t]e￿ball1. thd t¢b Aueviate the ￿n￿)1￿ChaJIt￿gc% itr ¢llfllAlUnlt!. fa¢e%. Voliinteers .Ivil} i?n iryilunrc¢rs ir) pri)nif)re and carry ¢>ut IA)jLYtivtt. FINthCIALREVIEW rinanLiAI Activity I'he iriteinent (Jt tinan£iHI ACtLVjt￿￿ RN 4ei Qui i)n page i slii)u's that tijtal incc)ThllTrg Te¥i)utces increA¥rd b!- 136.141) t(1 £.'47.1(1". Inir¢.l*¥ l..Ii'¥¥li .'Ini*¢ due tci tn .'1 wntin.4 b.Ick- i)f li4bilitTh T¢ppJl rLY)urc¢s ¢xrK*dLd di*fL¥%id hi £,11.442 rn 1.-,,483 ni41nl!' rtdutrd runnir¥ ¢(1st% t(311vMnx rF.r rrnrrr'> rli)surr..45 g rrsU]1. Ekrr nrl i3I?.-,84 ￿ll1h a nri 14efirit vf A?.Hll FUNDING SOURCES . ¢tl&'l(IcS. Fuiidirtx frLbm Aciiun tur EqUA￿tI..7￿d LuiTcn' C(pmmU￿ft- Fund ha$ bcri aw2rdcd prvjecis Sirnddlinx J12_11)4 and 2112412.1. STRUCTL RE, GOVEtLNthCE AND ￿AGEMENT CiTrvesiiiJTrg d(>cunieiit Airicon rAri1J￿8n Leadersliip C¢iTtIFlatii' ￿11111￿ IACLCI is 2 prii'Arc Cijmpan!.. Jjmited b%. guaranier. as dtliftth4 b!. thc Ci)nipArLies .4ci 21NI6 atjd wiihnui ani. 8har¢ cipiial It rc.4steied a% a chani!. IX hlJich Jl ￿￿}. ,ICLC ITr Jiici)tp()iated under a tsletn(IrHndutn i)t ￿"hich eEtabb"%hed the c)bje(r* and ()lth¢ Ch￿l11able ci>iiipaiM" And it 1% bTI)TrClrtcJ hi Its ,lrti¢lts ()f ,Igle ¢i&mpArt!' 1% ￿'(Trutt￿ ￿ ¢*h Ii"iJuld kK- WLiiYd tcj Lr)i)tributc an amijunt excttdin¥ jl. AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 REPORT OF THE TRLSTEES for the Year Ended 29 Febniary 2024 ,8TRIIC.Tt:RF., GOVF.RNANC.F. AND MANAGF.MF.Nr Re¢wi¢men¢ and appoinimeDi of new ifu5tees .1 ru%tees are aPFK)inred &id retire in accnrdance ￿'1th the re4UitemeJlts rjf the ..Irucle4 nl ..[4$￿￿tIn￿. Il reUr￿(￿ tniqtee sliall he tbfllhle Inr rL-LlcLriiirt. Thi rniNILi% Afi cILctcd b)" thi tnLrnIK-rs At thi .*nnwil Gcniral NfiLiinx. All irustLL% Irusr l￿. m¥mhLrS L>f tlic chrllltubl¢ c()mpan!'. Ni) truliee n)Ai' %eThe *% an emPltsi￿e. Or%anisationaJ 8trncture 'I'he hnard nl. tru%iee8.'idmitll8ter% Ihe chAritAhte cnnipth!.. Ihe nf tm*tee4 meer4 reydaA!- ihr(>u,Trhnut the i-Ar *nd 1% re£wn5iEAe Inr ACT.C's %tp.Ir¢kriC dirLLllI)rt and wliL!-. At prescrti ihi Ixb-.Ird h.IN mLSIL*> VE pnJtL%si(Jnal bAikxYourtdA rilLI'irti tij EhL I4'L>rL- )f thc cliarit?ble crJmpAll%'. .4 11)Anager mai. be apwinred b!. tht trusiee4. T(p m2nagt the dA!' ii) dA!' IJFrati(Jlls ()f the charitAblt ci)Inpan!'. Ti) fi¢ilititi Lff¢Lti￿¢ (>perJtitin%. the nixiuk¢i cin he dele%Ai¢J #uib¢KJi!. M"iihJn terms lif d¢l¢k4ts1Jn AppfnkLd til tru%te¢%. .,l(.'Ll-. curi¢ndi' (l￿[al¢S ￿'11h(￿Ul a man4rr. Indu¢ti(bn and trainingnf new tw%tee* l(J%t neil. tru.4iees are AlreAdTr txtwbar the PrXtic￿ Wlmk" of the chAtii2ble c()rnw!' llslted .ICLC 2nd ijbsern'ed it% ACti4rytie% prI￿T ¢heiT ar￿71nt￿lirtI. AddJTjtinall!', ncw trnsiec4 are briefed regaftbry tNsitt4' duiie% AfMI anJ ole prmryJeJ ￿7th copie4 ni the Memnrandum Ind Arriili% (Trf .4ssiiLIAilOn, lh< IxrLEI TLP(>rr c￿[ rhi EYV$ELY* and hnanLryAI staicmints. *nd Ur1￿'r itlLI'anr Inf(IrmjllJl>n. Rl&k tnanagement Tli¢ Itu¥r¢¢% hxi'e a dur!. ru id¢nEii!" r¢i'iru' lh¢ riskN ri> Mthiel? iht ¢hXty￿b1¢ ¢vm5*an!' 1$ ¢xp)yed en%ure appttii)rixte s!c%ien)s anLI c(>iitrnl% ire in piAce to proi'iile rvJ5onible Ai%unrice Agains1 Ihe ri4ks It face%. These ¥)'srem¥ ?ncl priide assurance ixAin¥t frnud and erruI. Ancl R¢•¢rv¢• policy I'lir Ifv%T¢v4 ,Ilnl iu rtiqintxin unr¢¥irirtecl cA5h reser¥r> uf Ai leA* Qbne rn(JA¢h'¥ tobtgj exp¢ndiwre. Rr..r.r,Rf,Tr4cfs AND ADMINISTiL4TI&T DCTAJIS Rexiqiert.d Company niimber Reglsitted ChHtliy numbet RoEisiored ot%co Li)nLk)n N8 nDJ TniBtee8 NI. I. NI BIAtk"mAll Jl4J ,Il F Stephen Nf% r p Hiyxirns 14 N GrRhRrri F. n AitljS {JLXI?SL-d 2C).fi 111 hls (_- P L(,-,,, Isj fratJCis I[￿j￿ntil 21..3.131 p.s R,11 11 Nd41)n h.T4 B J¢nnirtby% IAPVJlrttd 18.12.21 AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 REPORT OF THE TRLSTEES for the Year Ended 29 Febniary 2024 RF,FF.RF.Tr4C.F. AND AD￿1[¥15TRATp¥Tr. DF.TAJts Independent Examiner Nichnl..i.% (.'httstr)pher C_hnsiiiphLT & fri ch￿Tered,{ecOullta￿t5 .1 ulnull Park N? nAR .Ipptf)VLd hi ()rder ()f brjard ()f iru$tei% l.l D¢ttml*Y J1?4 And on IL% bthllf M-. Nl¥ r p I IiK¥in? - TtU5E¢e INT)F.PF.NDFNT F.XAMINT.R'S RF.PORT TO THF. TRUSTEES OF AFIUCAN CARIBBEAN LEADERSHIP COMP.4NY LIMITED Indeptndent examinePs tep)rt to the tnjstees of Afrie4n ￿Ibbear￿ t*adersbip Companv Liniited I'the Company'l Rc3ponsibi]iiic8 and ba5t5 nf rcporr Ab (11¢ clIAtin & l￿￿r¢¢5 iJl' Ili¢ LiimpAn!' land *lsv iTb Ivt CvmpAtt!' la￿) 5'OV At¢ frbwnbibl¢ Ivt -.hr prepAtaiio f die iccDunts in IccnrL4ance with the Eequiren]ent4 al-the 21M￿,￿). Hsi'in¥ *atlslieJ ml'selt tha( Ihe gCC()uni% (hl the Cnn)pAn!' are re(pured audiied under I}￿r[ 16 1)t d)e 21kn.lct ￿ld ebgible f()r indcpindciit iKarniiiatllJn. l TCPTrTt In ri%PC¢I mi CX¥mJn3O¢bn (bf lhur ¢baTJE! 5 9C¢nunt$ 2$ tsTf¥d iiut uDdLY SccnnTI 14.7 ¢if tli LhRllti¢s Aci &lll I I'rhe 1 .4cr). In cim'LllkT Uut t￿mInalY)￿ I h3i'e fullu￿rd ihe DITcCtivn5 &ni'¢ii b!. the LhRriry' LutnlliJsSlVn utider %ecttnn 14$1.51 (bl al. the 21111 Ilct. Independent exatniner's siatetnent I h.IkL LiJniplii¢d mi LX.Irtiiniiii?n. I ciinfiru) Ih*i nh mattcty ￿ve o)m¢ iii m!. att¢nri()n Iti C(￿￿¢¢￿¢1￿rt with thL' ¢xJminati(>n pi'jr.R n)e CAUSC iv IxliN'e'. HLLI)Iintink* rL*i)rd% wLrL txil kcpt In Ycsp-xr ot thL C(ryn!' rt4uiYed b)"k'¢ti(m 386 ijf thL A¢t: or The ?cc()Iinty d() n(TrT ACC(Jrd ￿'Ith Ih(kSt r￿()rd￿- ur the ieii>iints nipt LY5ftIEJ! 4irh tht.ILehuntinh reyiiiremettts of Sectl¢)n.V16 th¢ ..let IpthLY thAn re4uiremcrtt that the ACC(iunf4 ¥i%'¢ a irue ai)d lair ￿-hICh is ncii a Inaiier wn4id¢r¢d a5 pari Lif an Indyiid¢i)I c%Rmiiiatl¢iii', ur the 2ccniint$ hai'e iiot been prtpareJ in AccrJft12nce wth Ihe meihrds And principle% (If the Stgterneni f>t RecnmiMeJideJ ljrgctice riJf ALiliuniin.i .Ind ri￿>￿Ink b% ch.Iniics lappliLAbli iv ihJriiiiA PTLPAnn%* EhLiT 1l¢¢uullts In wilh tliL Fin*ncial Repurtinkr brAnd.Ird applJc%blt Jn Ihr Uk And liwbbc of Ireknnd IFKS 10211. I hav¢ nu ciJnciin% lind hivt tvtD¢ Attu%y uth¢t mAri¢r4 in cunne((iun ih¢ ¢xaminiiiLx) (4J *.hich airenvvn 4hi)uld L* dtAM'n in rl)I rep)It in nrller In enAble a prr?Fef LinLlersiArJding (bf iht accnuni4 in be reAclLed. Nichiilils Chnsrupher l-hr4liiphcr & (.ii ChiifTcrnxI,Itcounr41nts ,In￿l￿n Rnad )nik>n N7 IIAR 1.3 Decemher 21124 Page 4 AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED STATEMENT OF FINANCIAL AcfiviTIES for the Year Ended 29 Febniary 2024 29.2.24 28.2.13 Tor411 tu[}￿. lTnwsrri￿¢d lurtds Rc5rrictcd ftsnds Tot41 fuhds Nr￿e INCOME AND ENDOIYMENTS FRO 2.1112 10.114 In¥'c4tnient InLornL l)rlicr iDCTrlllL Tvial 4) ICJ5 EXPENDrruRE ON 9)) 4J61 )72()", l)Iher 3,102 NET INCOME/{EXPENDlTURE Y),6Z3 39.784 ,8081 RECONCILIATION OF FUNDS T<)tal tiinLIN briiukpht l¢)rw AfLI 10,853 12,499 TOTAL FUNDS CARRIED FORWARD 124(I) notcs lorn) part ncthcfc finatLcial 5Utcnients Page AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 BAtANCE SHEET 29 February 2024 29.2.24 28.2.23 Tor411 tu[}￿. lTnwsrri￿¢d lurtds Rc5rrictcd ftsnds Tot41 fuhds Nr￿e FIXED ASSETS 21.755 21.755 23,4()8 lftve¥th]et]t 57,755 57.7.45 CURREN'f ASSETS ttsek% FJehtt)r { si%1) Jt hank and in h)nd .31) 4624 29.470 7,IA2 CREDI'I'ORS (9.903) (J,OJ91 (J4.9421 NET LUIiRENT ASSETS TOTAI. A*SF.TS I.F.SS CURRF.NT ,476 1.807 12.4W NET ASSETS 124()f) 12 LIn￿'Stri￿TL.d tund$ R£qrricrid fund% TOTAL FUNDS 'rhe chJriial>le compAtTr}' 1% entiiled tts e¥emptwJn ID)m au¢thi unkn.Se¢N()n 4-.- Ibf (.(?mpanies ilct 21XK> f(>r the I'eir ended 2l) f¢liriii4' 2024. The mniplj Mirh the (C4￿re￿I￿nIs ()( lh¢ I"thmTrJnies ..Ict 21MK> t(> %ut¢m¢nt% Far Alll)IicAble ti) th< chAritAbl¢ cutnFAn¥. notcs lorn) part ncthcfc finatLcial 5Utcnients Page 6 conunued... AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 BAtANCE SHEET_ continued 29 February 2024 The%e fin2nciaJ %t%teJnent% 112Ke been prtpared it) 2ccl)rd￿k-e rhe pnM'isi(btL% 2ppii(ible tts cliaJit3ble c(xnpxnie% %ubject ti) the ytnxll i)tnFdnic5 rwTnc. Tht finattoal SEAILm¢fftis TrLfL ￿. ThL. IkYaTd ()f TrustUrtts jn aCC(ytd2nce ￿P1th ihe buujicid Iletx>ttlli¥ Siand2rd 4)pJi£able in the UK iilLI R¢puhlic TTclJDd IFR.s 11)21 (Lttinil-c l Jdnijan ?U191'. Fio4TKiJl R¢y)rting StsndJTd l(12 'Thi FiTIA1cJ21 RL %tand3r Applii.-ble In the IIK ind Republic Iielanif and rh¢ .4ci _XrtX)."I h¢ linAncial st3-.¢ments hii'e been Prepared under the hJstrJrjC￿ cn%t c(￿l'CAu￿￿. with the excepD(m nt iAirs[n￿nLS are £t market value. Incorne .111 ITi¢i>nii 1% re¢hRni%¢d irt the Si*itmtrtt Fin*nei41 ..l¢ti*Ii￿ r>nce ihe th#YiiJ' hx* tntidemtni th¢ funds. it is pr(Ih4hl¢ th*t rh¢ Inc¢Jm¢ wiu br rtccii'¢d and ihe am(>uni can be rnva5ur¢d rrl¢abli'. Expenditure abiliEie* are rtc(J¥ni5td A5 c¥peJ￿1llaTe as swn a$ tbtrre Is A kgA] ¢>1 conscnJcri%'r ¢)blikUti¢)n c(>iii￿ttsnk the cl)qrit!' t(1 tIiqE expenditiiri, It is P¢i)hAhle thJt J tTA*sf¢r ijf tttYH)mic knwfit% ￿1]1 re(iulred itt %L'ftlenk'ni Ana rhe lifihc iihlisr.Itirin iqi) be mcayuF¢d rrliil?l!.. b.Ii'=nditui¢ is Ririjunra fi)t iin 4n accruaL% IM1$ and ha> b¢¢n cla55ifitrl undcT heidin%s tliAI 1i¥r¢Hair all c(?%t rd71￿[ 11) Ihe cAtegmTh'. Il'here crJSts cannnt I￿ threcd!. 3ttribuied tn P3nicular helldiiigs th￿- h3I'e byii ￿1￿C￿ted t() IctThrjiie r)n R Iya%i% Ll)rt%isikni ￿PIlh IhL usc vl tLSUVYCL Tllnglblc tlxed Drpr¢til¥ tiun is pr()iiida ir ch¢ fL>lluwinx #nft￿ rAi¢s ir. vtdyt TU vff r4ch A>s¢r ytTrer irs ¢￿il￿mIed u&¢ful lif¢. PIAnT Jnd niachin¢rn' Ll¢.l./,-Jf¥ii i)n rducinR kYAl%ntt Fixcd as8ct tnvegitnent CArri¢d dt rhr Trn5re¢4 esTvii#re rkircurrrnr ma)*er iulue. Stock$ %tibrL¥ I'A)￿a at ih¢ k￿￿tr oif CU>t •ncl nei re•b5xbk imive. aft¢r mak'inm due •UctywJnce f4IT ub¥obleT¢ gnd ¥11￿. rni)IfjLl¥ irem¥. Taxation ie iF,.Irit! li exeiiipt tTQm Cl)wfA¢inn its Ch￿1t1￿C ictii'ityes. Fund ¥¢¢ounti IlnrestTlCted CAn l)E LL$ed in att¢)rdan¢ewith the tharivjble ohiecti¥e* ai the thqcretinth 01 the trii4tee%. Ile*tiirtecl flind￿ can (Tridi. be Uied for parti(ulxT feJtrKteLI PLirp)%e% WII￿.1] die ubiects {)( the cli&ritJ'. Re%trictji>n% ari%e when *p¢Lif1￿xl bi. thc Dr fund% 4r¢ PAiSLd 14)r p#rri¢u12r ri¥rict¢d purryKSLS. r"Iirtliei explAnAu(In nf the llAlUIE putpK>se fjf ei¢h hjrtd is in¢ludcd in ibe notes iQ t1￿ fin￿cl￿[ Etstementi. INVES'I'MENI. INCOME 29.124 Depnsit accouni iniere41 p￿￿e ¥ conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 NEf INCOMEl￿XPEND1TuftE) i Incom¢/irxprI￿1utr) js slaltd 4fi¢f chatsirtb/iudiunO.' 28.2.21 T)¢prLty)rifitl TRLisfEES' REMUNERATION BENEFrTs Th¢re were rtu miste¢s' tunw*vraisvth ur o)ther bentfits Ivr the I￿r end￿ 29 FebN#r¥ 2024 nur flir the }'eaT ended 28 FebTr￿n. Tru5tee•' expenseB Tru%rte8' expen*8 Amnunied lJ123.. £N'dl. COMPARATIVES FOR THE STATEMENT OF FINAN'CIAL ACTIVITIES Ilnre%irirted funds Re%tACteJ tunds TntAI flind$ INC.()Mf. AND F..NDOWMF.NTS FRO￿1 Ini'¢%cni¢rti C)th¢r inciime 'rotal 981) 10.IY>4 EXPEND11'IIRE OY A,418 1721)7 Toial ET INCOME/(EXPENDITUREI 19.4541 1,646 r,,81)8) RF.C.ONC.IV.IATinN nF FIJNDS 20,.307 TOTAL FUNDS CARRIED FORWARD Page Y conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 TANGIBtE FIXED ￿ErS Fi%iuTCS Plani And nUC￿neTh. fjttjllft COST ..It I IlaTch 21)2.3 43,697 771 9,713 53,410 4t 79 F¥br￿)N. ?1)?4 DF.PRF.CIAT1O￿l 20.101 9,901 516 30,iX)2 NF,T IJOOK VALISE Ar 28 F¢brus￿, .)023 FIXF.D ASSF.T INVF.STMF.NTS 2¥.124 28.2.2) (IEheT Thete ￿tte rto ini'e4tmtnt agget% ￿Ul*lL￿ iht I,'K. In>isrmcnt) (nilthLr listcd nor ￿nI1)IC￿l wcr¢ ai follow% 29.2.24 211.2.2.1 L4brav.' i>f b()(>ks .¥1 IXK) STOCKS 29.124 28.2.23 DEBTORS.. AMOUNTS FAILING DUE WITHIN ONE TrEAR 29.124 28.2.23 Qihir dLht(>r% .M3 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 io. CREDITOR& AMOUNTS FAMJNG DIIE wrrHIN ONE I 29.124 B..7￿￿- IKisns ni'etargtts l%ee nr)te 111 Tride crtthtnr ()ther cre(btnr% 6,520 25,040 3,382 .18,181 li. LOANS ,In aii31)'sis i)t thc mAtuiitr ()f i% given Ixk)u-. 29.124 28.2.23 Amuunis l..IllinKduL wiihin Ime !"tAt dcmand.. BAnk (>i'er(Ir2fis 12. MOVF.MF.NT IN FUNDS N¢1 moircinent in fvnds Ai 1.3.23 29.2.24 Unrc5trictcd fund (4611 16.027 JOJ57 (4551 29,896 15,572 Blr club 10.853 39,623 50.476 Rc411icrrd fuTbd8 Jull (vjl'lTl¥11(Trr l)uildink r¥pairs) 161 I,W7 TOTAL FUNDS J9 784 ￿245 I￿￿￿1U￿¥ rcv)urce* Re¥¢>urce CXpe[￿e￿ in fiind Uknr¢stiicivd fundts 35.793 59 {5.4361 15141 21 16,022} 30,357 1455) nAf club .4C.J.f C.i)vnsLllin# & Ilcdi'iDon 4&645 39.623 Rt$tri¢rtd funds (Jiinn¥ i5.%harin￿ ICISI .4ctli)n filr RAi¢ F4ualih" 1.4RF.I Il"indrush {1,261) 161 "roi'AL FUNDS li conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 MOVEMENT IN FUNDS_ conunued CompAtytive8 (or mover1￿11 in NLt mtsi'enient ITh fund5 Ilt 1122 2R.2.21 Unrestricted fi]nds CJ jnird. fiind club -.l('L(.' I lJUrt%¢llioki & }IkQ14ti1)11 1461) 16.6lX) 16631 46 2iJ,307 1(1.8)3 Rr8iricr¢d fund$ Juil C•iiiin¥ Iffir buildin% r¢pirs} 1.616 'roJ'AL FVNDS L()InPl￿riN.c net rn<>i'ement in lund4 includtd in rhe alx)ve Are fi)U(>M InC￿llIn% Res(>urce expend￿1 Unrestricted (unds )o(IRI 16631 IB 74.11 ,l<.'L('. l.nUL14ellirtg & IleJithtioE) I,(K)3 (9.4)41 Resiri¢¢¢d funds K'inclrujli Cc)tnmuilLI) Fiind 8.418 8.4181 Cpl(> TOTAI. FIJNDS ,1 current !t1r 12 month% anLI pri<)t ¥rAr l2 mrMJth4 c1)M￿.￿e￿ bYMJiinn 1% a4 (Duo Nrt mi)i'cmcnt At 1.3. 29.2.24 Unr¢¥tii¢t¢d fundA GvnerAI I'utLd BJr cluh ACI.C Cvun%ellin¥ & Ilrdiaiion 2]￿]2 29,896 l.i.472 .5(1.47fj Resiricted funds Ju¥1 (ANJii¥ Ifvi buJkh"n¥ repAirs} 1.8(17 I,&)", TOTAI. FUNDS 12 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 MOVEMENT IN FUNDS_ conunued A cutt￿1[ !'¢ar l? Ji)unihs And prit)t Itar 12 munchs n¢1 mvl'rmrrti IA fund6. sncluda the knye At¢ fis fuUulVS.' re4I)urce% expeithd in fun(L4 Unre8tti¢ted funds (Jefter￿ lund IIAr cluh ACLC C<)iinstllin¥Tr &,lletha￿On 1152441 i9 116p3<)1 Restricted funds 1.1417 K'indrush Cumrnuniii. Fkind SliaTlll¥ ILISI ,Ictinn t¢)r Rar¥xni%ari()ii Is re*p)n%iL)It f(Ir rhe upke¢p ()f Thc irtrem￿ deci)T#Tiim% f<)r (>rher runninb (>f Tlir build1n￿ kJenrrnll!'. 11)¢ iICCilPltll>n i)f ihc huildin% )% cnndiTliJnAI iitKJn it l)cin8 li￿%1 frjr the a¢tii'iiic< of a oimniiinit!. cenire and fi?T Ilf) <)thcr PLIT￿￿￿'. Gi¥'crt tliis ¢(bndLCLiin ihc cfu¥fccS dv rliAi ihc PDJ1'jSlt￿ vf tJ)r ul'il)c buildin¥ has Art¥. Cinail¢lAI 'niarkct 1'11ut" In the Flltr1111' 2cc¢pial %¢nY. Jncl jcoJr(lin￿l. n<) ¥ylu¢ J* aiirihui¢J ih¢TeifJ in the t1th)nci￿ %tArenient4. 13 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 15. PURPOSE OF FUNDS Gefter•l Fund.. Tjus turtd trprrS¢nkn4 Th¢ incLTrm¥ and &XFnd1nb￿. Ilsbris aftd bAbih'iirS frlaun¥ Cu rth)fti hit¢ And lh¢ Ana upcn14iun uf ilL¢ di¥" tu di}" Itilli￿¢4 1r rELr c¢nrtY includity caMak"In¥. Fi)Uvuun¥ rli¢ cessatiun vt" ¢xteinRI lundinx th¢ Geii uperdfing a bar club. Af.l.C. C.oiinsclliTLg and Mcdiarion Servi￿ Thi% 5CTriCC ￿.93 scr up in 1994. to assj%t rcsidillis 1)n A lil iJnL ba&is r)n Il ¢Xpr￿S 2nd i)resent fheir 155Uth atjd C()n•idt4f121 )j￿ undtrsUt)dinx APPtL)Ach itt m¢et the nttils c)f hc horoiighs .ItncaTI/ ,liricRn (.anhE>ran anil <>thcr cthIiic Min￿￿[1$1¢5. Ihi4 5CTriCC cwc(iall!' dcdica¢cd 141 supp￿1[1117£Y uscrs 'Ith mentAI h¢alth and uth¢r ￿%!.chillI￿1cal n¢¢d derly Day C￿. Thix fund scr tr) MCLY rht d*!. car¢ ncLxls of olckr JKople fr(Jm thi AfieAnlAfriian (-ATiblJ¢on ciimtt).Init!'. Such Seyi'icts in¢lu(li(I pr(>}'iclirt¥ ri%idirtLg y.h() JYL ljf pcnsii)rtabl¢ with A thTCC ¢Ujtobl¢ fur th¢ir w Jiid c¢bmthriLJll. ￿011￿j¥71}R ihe Ce>yiU¢Jii (Jf ¢%[¢rn￿ fundin¥ ¢1?¢ aciii'iu¢> PfrVi¢)ys1)' undrltAk¢n bi. this fund ￿tTe reduced An£1 were funded hi. thc fu￿1 wa5 yrr up (uU(>U'in% rhv rec*pr ut" ￿)rIen. fundinx TU prwjde relephune i¢iluttiiAriun.Incl suppuN ri) cumn)uthiri' r¢biin¥ i<) Cl)ITID.19. Ir iy 4 tr¥irici¢d fund wmch mypns Iliii n)vnit> rec¢iirt(18r¢ rinE.lenc¢d can nril!. he in accrJftlJiKe ￿'ith ternis %rrtcified ￿. the I'ii¢i(ling wHiYee. Pv¥itode kni¢ry Trust: Thi4 fund sei up to aLlThini.IteT A print receii'ed the I)1)s￿￿e Lniten. to fund i mAnAsrer fnr .l(.'L.l-. l[ jq..I rt4iricred tllftil In bt S￿nI in acmrLIAnce Ihe rerrn% nf rhe wnT. WindNgh Cornrnuniiy Fund (Voice 4 chxTh￿). Th'$ $¢1 ¥ bs. rh¢ Tr1(￿¢ C)f(ic¢ iu YJnwJii$r¢r8rn?1s rec¢ii'd priniiiil). r I'uiiLI incrr*Scd xivirrness (>l- thc Il'indTu*I? Schcnie 2nd ihc Il'indrush CixnFriSlll¢Trn Schemr. b!. rc3chinM out tu Cvmmunitlcs attd irtJii'idiitsl* H.hi) mA>' hecn th((ttt￿ i). Ihtir inJlMIiiJ' ¢1? pihi'e thtir lthw.ful lrt tht I IK. It 14 a tt*tfi¢trd (urtLI tth ht %i)¢nT ￿ ll¢cvrdAnc¢ ¥irh rh¢ riiflC* tll siipp)tt ihc hLAlih. ￿¢11. l)rin¥k ind 5(Kiil cvnn¢crivii%' vl ¥rn¢c)r ¢iri£rn¥ in f)UT O)mmunin'. 115 1(Kiis 15 vn prtsi'idlny ¥ >•1¢ and Inclu￿11,¢ ¢ni'irvnm¢iiE .heTe ieni<)r4 can ennie tngethei t¢J leaTrt, thire. crthftcci ￿'1th eAth ()thei. li i$ a re$tti¢ted flind tn be 4pent in aci¢?rdRnce ii-iih rh¢ lund¢r'$ rrquirrm¢nr%. Action for Race fqualits. (Windnish Justico PtogrJmfflo): Pilti￿[la1 Iy'indmsh. ('ompLnsallf>n 'applKanrq arc 4iipp4)rtLxl ￿'1th appli¢-,.11iirl siibmi4%li>n%-.Ind ciin4ci.'UCrtiiil cnK u'jrl) H(Imc Ilfficc riPrtSLYLnDI'cs i)r AkKn¢ LS. Tr is A tLifricfid fijna tts be *￿￿t in attc)r(lancc Wlth thc fuJM4tr¥ yiremtnts. 16. SHARE CAPITAL Th¢ cF.¥inL4bl¢ ¢(>mpAn% i* Iiniiwd b,. nvt haie a shAr¢ ¢Apiral. F.ath m¢m￿'v.$ Is limiiLd iii £1. 14 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 17. CENTRE CLOSLRE As mt)f¢ tull%' rxpliirtd in Ili¢ R¢pvtt uf T￿￿l￿¢s ¢¢nttr &d nvl fr-(pFn. w'h¢n r()iiiD-19 re&irictivllS Wrt¢ lili¢d. due to He21Eh &.S.thfeti- Jssiie%. XeYenhele%%. Ill_"L(.- nlangtsed Gnan(iall!- and cnnutbued tn pmvide Jiort-centre bi$ed serv￿e5 ta tlje lacaj CLJmtnUttit!.. It 1% hiipcd Ir mi! rL4)FKrt ith thc rtcAr futvrc. 18. COMPARATIVE FIGURES 'I'he$e hai-e heen re.rYrou￿d. ￿'here nece4qJn-. t(> pmiryde J Isir cnmpan%nn ￿'jih tlHJ5e nf tht current I'C￿..%UC1] rew)uping dne% n()t AffLci PYjl'l(111S1!' TiJXJrrid ASSLts Rnd ITHbiliuLN I)T rtir Incvmin¥/L¥￿￿d,xl rikiiiYtt%. P3ge IS This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006. REGJsfERED COMPANTr' NUMBF.R: IJ6679865 IF.TJgland and Wales) REGISTERED CH.4RITI' NUMBEIL. 1128622 REIIORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL sfATEMETrtrs FOR THE YEAR ENDED 29 FEBRUARY 2024 FOR AFRICAN CARIBBtLN LEADf.RSHIP COMPANY LIMITED ("linstnplJer & r.n Lhartcred Acc￿untantq 51? Ro.Id Tufnell Paik N-. 11.4R AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED cowrENTS OF THE FINANCIAL STATEMENTS for the Year Ended 29 Febniary 2024 Report nf the Twstee$ Independent Examiner'g Rtport Siaten)ent of Financial A¢tiwtse* Shevi Ci t¢J 7 Norch to thc Financial Statefflcnt AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 REPORT OF THE TRLSTEES for the Year Ended 29 Febniary 2024 Thi TTUStCiS '.Irc aliii dirccro-5 Ut rhc charir%. for PUTP05C5 of thc ￿MPanic5 .Icr ?IXkn, pri5¢nr rhciT TLEM)Tl ￿'ith th¢ tifiincifil siai¢m¢llib of ch¢ chArin' tur fh¢ I'trAf ¢nda 29 F¢bnkin. •024. TlJ¢ hthv¢ ae.vpia chr PDJiisivns vf AccuUn(iASF Itkl R¢pvriinM bi. l-.hiritie%...%taten)tnt Recon)mer.deJ Ptactice applicable tth charities Prepjrj￿Tr thejr 2ccnunLS in'icc(>rdance witli tlie Reporting SrJndArd AppIILdblL In th.. UIk and Ripublic (IFlrLIHnd (FRS 1021 ILfFL"CDI-L I JAnLUTh" 20191. COMMENCEMENT OF OPERATIONS .1 h¢ chil 11-.Rhl¢ C<)rnpAni ci)Trtn¢r.f¢d li?¢lltions l Apnl thl I fo]luwTrk ihe fftTrsCer li vl- the net ASyeis ancl ￿til.1t1¢S vt ilie unuicnrry>rateu a%4()cJauon iltncxn (.anbbean LtllJerthp (.nunrd IRy%tertd (-haiitt. NIJ 2Y.¥>(IXI. OBJEcfIvES AND AcfIvITIES ObjeLtlveb atid diXJi% i?riim l)l- i.Ic iA)ndvn tk)r()u¥h rted b!. re4en'es, grAni inc()nie. Ind dun'.Irivn%. Prinr ril thc ('.()I'ID. Ilj pndcmK Il(.'L('. L?￿rated and min¥cd thc LwIiiiTII LYTrtr¢ (Ik'J(.'('.11. pm%lded a iicnuc flir %?ripu% WLlfJTC, ind hall hiry. o)mmuniTh' ¢vun4¢llinx &- tDai*iiun, recrexiivnji I en'ices anLI Jiiii'iiie4 lor !'¢)Iiiig pu)ple. And ihe eklerii.. Ir 14 314n h¢>[￿￿ that the Ki'll-.(- MA!. re-ijpen in Ihe near luture. In iht meAntir.ie, p]Jce empliasii i>n Inc(In￿ srnerAiinn in i)rJer s1)%tHin ciiimniuniri. (c(￿m￿nI1￿￿￿ ()f Oi%t minimi>ii Ili>n. And ￿l￿￿an¢¢I rj%iili¢d In ACI.I-. ii)qiiqyiny fiiiaiiciryll!. (>i'er th¢ linAfiriA] I'¢#r. All gr¢ anxi4)￿511. *u'#iiin¥ ilit thr CulturAI l?vb IKX ILCI. CULiiniuniti' eIigRgemertt is chtiviiig iiid 4h?p'Iig il('.L( % t]e￿ball1. thd t¢b Aueviate the ￿n￿)1￿ChaJIt￿gc% itr ¢llfllAlUnlt!. fa¢e%. Voliinteers .Ivil} i?n iryilunrc¢rs ir) pri)nif)re and carry ¢>ut IA)jLYtivtt. FINthCIALREVIEW rinanLiAI Activity I'he iriteinent (Jt tinan£iHI ACtLVjt￿￿ RN 4ei Qui i)n page i slii)u's that tijtal incc)ThllTrg Te¥i)utces increA¥rd b!- 136.141) t(1 £.'47.1(1". Inir¢.l*¥ l..Ii'¥¥li .'Ini*¢ due tci tn .'1 wntin.4 b.Ick- i)f li4bilitTh T¢ppJl rLY)urc¢s ¢xrK*dLd di*fL¥%id hi £,11.442 rn 1.-,,483 ni41nl!' rtdutrd runnir¥ ¢(1st% t(311vMnx rF.r rrnrrr'> rli)surr..45 g rrsU]1. Ekrr nrl i3I?.-,84 ￿ll1h a nri 14efirit vf A?.Hll FUNDING SOURCES . ¢tl&'l(IcS. Fuiidirtx frLbm Aciiun tur EqUA￿tI..7￿d LuiTcn' C(pmmU￿ft- Fund ha$ bcri aw2rdcd prvjecis Sirnddlinx J12_11)4 and 2112412.1. STRUCTL RE, GOVEtLNthCE AND ￿AGEMENT CiTrvesiiiJTrg d(>cunieiit Airicon rAri1J￿8n Leadersliip C¢iTtIFlatii' ￿11111￿ IACLCI is 2 prii'Arc Cijmpan!.. Jjmited b%. guaranier. as dtliftth4 b!. thc Ci)nipArLies .4ci 21NI6 atjd wiihnui ani. 8har¢ cipiial It rc.4steied a% a chani!. IX hlJich Jl ￿￿}. ,ICLC ITr Jiici)tp()iated under a tsletn(IrHndutn i)t ￿"hich eEtabb"%hed the c)bje(r* and ()lth¢ Ch￿l11able ci>iiipaiM" And it 1% bTI)TrClrtcJ hi Its ,lrti¢lts ()f ,Igle ¢i&mpArt!' 1% ￿'(Trutt￿ ￿ ¢*h Ii"iJuld kK- WLiiYd tcj Lr)i)tributc an amijunt excttdin¥ jl. AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 REPORT OF THE TRLSTEES for the Year Ended 29 Febniary 2024 ,8TRIIC.Tt:RF., GOVF.RNANC.F. AND MANAGF.MF.Nr Re¢wi¢men¢ and appoinimeDi of new ifu5tees .1 ru%tees are aPFK)inred &id retire in accnrdance ￿'1th the re4UitemeJlts rjf the ..Irucle4 nl ..[4$￿￿tIn￿. Il reUr￿(￿ tniqtee sliall he tbfllhle Inr rL-LlcLriiirt. Thi rniNILi% Afi cILctcd b)" thi tnLrnIK-rs At thi .*nnwil Gcniral NfiLiinx. All irustLL% Irusr l￿. m¥mhLrS L>f tlic chrllltubl¢ c()mpan!'. Ni) truliee n)Ai' %eThe *% an emPltsi￿e. Or%anisationaJ 8trncture 'I'he hnard nl. tru%iee8.'idmitll8ter% Ihe chAritAhte cnnipth!.. Ihe nf tm*tee4 meer4 reydaA!- ihr(>u,Trhnut the i-Ar *nd 1% re£wn5iEAe Inr ACT.C's %tp.Ir¢kriC dirLLllI)rt and wliL!-. At prescrti ihi Ixb-.Ird h.IN mLSIL*> VE pnJtL%si(Jnal bAikxYourtdA rilLI'irti tij EhL I4'L>rL- )f thc cliarit?ble crJmpAll%'. .4 11)Anager mai. be apwinred b!. tht trusiee4. T(p m2nagt the dA!' ii) dA!' IJFrati(Jlls ()f the charitAblt ci)Inpan!'. Ti) fi¢ilititi Lff¢Lti￿¢ (>perJtitin%. the nixiuk¢i cin he dele%Ai¢J #uib¢KJi!. M"iihJn terms lif d¢l¢k4ts1Jn AppfnkLd til tru%te¢%. .,l(.'Ll-. curi¢ndi' (l￿[al¢S ￿'11h(￿Ul a man4rr. Indu¢ti(bn and trainingnf new tw%tee* l(J%t neil. tru.4iees are AlreAdTr txtwbar the PrXtic￿ Wlmk" of the chAtii2ble c()rnw!' llslted .ICLC 2nd ijbsern'ed it% ACti4rytie% prI￿T ¢heiT ar￿71nt￿lirtI. AddJTjtinall!', ncw trnsiec4 are briefed regaftbry tNsitt4' duiie% AfMI anJ ole prmryJeJ ￿7th copie4 ni the Memnrandum Ind Arriili% (Trf .4ssiiLIAilOn, lh< IxrLEI TLP(>rr c￿[ rhi EYV$ELY* and hnanLryAI staicmints. *nd Ur1￿'r itlLI'anr Inf(IrmjllJl>n. Rl&k tnanagement Tli¢ Itu¥r¢¢% hxi'e a dur!. ru id¢nEii!" r¢i'iru' lh¢ riskN ri> Mthiel? iht ¢hXty￿b1¢ ¢vm5*an!' 1$ ¢xp)yed en%ure appttii)rixte s!c%ien)s anLI c(>iitrnl% ire in piAce to proi'iile rvJ5onible Ai%unrice Agains1 Ihe ri4ks It face%. These ¥)'srem¥ ?ncl priide assurance ixAin¥t frnud and erruI. Ancl R¢•¢rv¢• policy I'lir Ifv%T¢v4 ,Ilnl iu rtiqintxin unr¢¥irirtecl cA5h reser¥r> uf Ai leA* Qbne rn(JA¢h'¥ tobtgj exp¢ndiwre. Rr..r.r,Rf,Tr4cfs AND ADMINISTiL4TI&T DCTAJIS Rexiqiert.d Company niimber Reglsitted ChHtliy numbet RoEisiored ot%co Li)nLk)n N8 nDJ TniBtee8 NI. I. NI BIAtk"mAll Jl4J ,Il F Stephen Nf% r p Hiyxirns 14 N GrRhRrri F. n AitljS {JLXI?SL-d 2C).fi 111 hls (_- P L(,-,,, Isj fratJCis I[￿j￿ntil 21..3.131 p.s R,11 11 Nd41)n h.T4 B J¢nnirtby% IAPVJlrttd 18.12.21 AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 REPORT OF THE TRLSTEES for the Year Ended 29 Febniary 2024 RF,FF.RF.Tr4C.F. AND AD￿1[¥15TRATp¥Tr. DF.TAJts Independent Examiner Nichnl..i.% (.'httstr)pher C_hnsiiiphLT & fri ch￿Tered,{ecOullta￿t5 .1 ulnull Park N? nAR .Ipptf)VLd hi ()rder ()f brjard ()f iru$tei% l.l D¢ttml*Y J1?4 And on IL% bthllf M-. Nl¥ r p I IiK¥in? - TtU5E¢e INT)F.PF.NDFNT F.XAMINT.R'S RF.PORT TO THF. TRUSTEES OF AFIUCAN CARIBBEAN LEADERSHIP COMP.4NY LIMITED Indeptndent examinePs tep)rt to the tnjstees of Afrie4n ￿Ibbear￿ t*adersbip Companv Liniited I'the Company'l Rc3ponsibi]iiic8 and ba5t5 nf rcporr Ab (11¢ clIAtin & l￿￿r¢¢5 iJl' Ili¢ LiimpAn!' land *lsv iTb Ivt CvmpAtt!' la￿) 5'OV At¢ frbwnbibl¢ Ivt -.hr prepAtaiio f die iccDunts in IccnrL4ance with the Eequiren]ent4 al-the 21M￿,￿). Hsi'in¥ *atlslieJ ml'selt tha( Ihe gCC()uni% (hl the Cnn)pAn!' are re(pured audiied under I}￿r[ 16 1)t d)e 21kn.lct ￿ld ebgible f()r indcpindciit iKarniiiatllJn. l TCPTrTt In ri%PC¢I mi CX¥mJn3O¢bn (bf lhur ¢baTJE! 5 9C¢nunt$ 2$ tsTf¥d iiut uDdLY SccnnTI 14.7 ¢if tli LhRllti¢s Aci &lll I I'rhe 1 .4cr). In cim'LllkT Uut t￿mInalY)￿ I h3i'e fullu￿rd ihe DITcCtivn5 &ni'¢ii b!. the LhRriry' LutnlliJsSlVn utider %ecttnn 14$1.51 (bl al. the 21111 Ilct. Independent exatniner's siatetnent I h.IkL LiJniplii¢d mi LX.Irtiiniiii?n. I ciinfiru) Ih*i nh mattcty ￿ve o)m¢ iii m!. att¢nri()n Iti C(￿￿¢¢￿¢1￿rt with thL' ¢xJminati(>n pi'jr.R n)e CAUSC iv IxliN'e'. HLLI)Iintink* rL*i)rd% wLrL txil kcpt In Ycsp-xr ot thL C(ryn!' rt4uiYed b)"k'¢ti(m 386 ijf thL A¢t: or The ?cc()Iinty d() n(TrT ACC(Jrd ￿'Ith Ih(kSt r￿()rd￿- ur the ieii>iints nipt LY5ftIEJ! 4irh tht.ILehuntinh reyiiiremettts of Sectl¢)n.V16 th¢ ..let IpthLY thAn re4uiremcrtt that the ACC(iunf4 ¥i%'¢ a irue ai)d lair ￿-hICh is ncii a Inaiier wn4id¢r¢d a5 pari Lif an Indyiid¢i)I c%Rmiiiatl¢iii', ur the 2ccniint$ hai'e iiot been prtpareJ in AccrJft12nce wth Ihe meihrds And principle% (If the Stgterneni f>t RecnmiMeJideJ ljrgctice riJf ALiliuniin.i .Ind ri￿>￿Ink b% ch.Iniics lappliLAbli iv ihJriiiiA PTLPAnn%* EhLiT 1l¢¢uullts In wilh tliL Fin*ncial Repurtinkr brAnd.Ird applJc%blt Jn Ihr Uk And liwbbc of Ireknnd IFKS 10211. I hav¢ nu ciJnciin% lind hivt tvtD¢ Attu%y uth¢t mAri¢r4 in cunne((iun ih¢ ¢xaminiiiLx) (4J *.hich airenvvn 4hi)uld L* dtAM'n in rl)I rep)It in nrller In enAble a prr?Fef LinLlersiArJding (bf iht accnuni4 in be reAclLed. Nichiilils Chnsrupher l-hr4liiphcr & (.ii ChiifTcrnxI,Itcounr41nts ,In￿l￿n Rnad )nik>n N7 IIAR 1.3 Decemher 21124 Page 4 AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED STATEMENT OF FINANCIAL AcfiviTIES for the Year Ended 29 Febniary 2024 29.2.24 28.2.13 Tor411 tu[}￿. lTnwsrri￿¢d lurtds Rc5rrictcd ftsnds Tot41 fuhds Nr￿e INCOME AND ENDOIYMENTS FRO 2.1112 10.114 In¥'c4tnient InLornL l)rlicr iDCTrlllL Tvial 4) ICJ5 EXPENDrruRE ON 9)) 4J61 )72()", l)Iher 3,102 NET INCOME/{EXPENDlTURE Y),6Z3 39.784 ,8081 RECONCILIATION OF FUNDS T<)tal tiinLIN briiukpht l¢)rw AfLI 10,853 12,499 TOTAL FUNDS CARRIED FORWARD 124(I) notcs lorn) part ncthcfc finatLcial 5Utcnients Page AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 BAtANCE SHEET 29 February 2024 29.2.24 28.2.23 Tor411 tu[}￿. lTnwsrri￿¢d lurtds Rc5rrictcd ftsnds Tot41 fuhds Nr￿e FIXED ASSETS 21.755 21.755 23,4()8 lftve¥th]et]t 57,755 57.7.45 CURREN'f ASSETS ttsek% FJehtt)r { si%1) Jt hank and in h)nd .31) 4624 29.470 7,IA2 CREDI'I'ORS (9.903) (J,OJ91 (J4.9421 NET LUIiRENT ASSETS TOTAI. A*SF.TS I.F.SS CURRF.NT ,476 1.807 12.4W NET ASSETS 124()f) 12 LIn￿'Stri￿TL.d tund$ R£qrricrid fund% TOTAL FUNDS 'rhe chJriial>le compAtTr}' 1% entiiled tts e¥emptwJn ID)m au¢thi unkn.Se¢N()n 4-.- Ibf (.(?mpanies ilct 21XK> f(>r the I'eir ended 2l) f¢liriii4' 2024. The mniplj Mirh the (C4￿re￿I￿nIs ()( lh¢ I"thmTrJnies ..Ict 21MK> t(> %ut¢m¢nt% Far Alll)IicAble ti) th< chAritAbl¢ cutnFAn¥. notcs lorn) part ncthcfc finatLcial 5Utcnients Page 6 conunued... AFRICAN CARVBBF.AN T.F.ADF.RSHIP COMPANY LIMITED (REGISTERED NUMBEiL. 11667986>1 BAtANCE SHEET_ continued 29 February 2024 The%e fin2nciaJ %t%teJnent% 112Ke been prtpared it) 2ccl)rd￿k-e rhe pnM'isi(btL% 2ppii(ible tts cliaJit3ble c(xnpxnie% %ubject ti) the ytnxll i)tnFdnic5 rwTnc. Tht finattoal SEAILm¢fftis TrLfL ￿. ThL. IkYaTd ()f TrustUrtts jn aCC(ytd2nce ￿P1th ihe buujicid Iletx>ttlli¥ Siand2rd 4)pJi£able in the UK iilLI R¢puhlic TTclJDd IFR.s 11)21 (Lttinil-c l Jdnijan ?U191'. Fio4TKiJl R¢y)rting StsndJTd l(12 'Thi FiTIA1cJ21 RL %tand3r Applii.-ble In the IIK ind Republic Iielanif and rh¢ .4ci _XrtX)."I h¢ linAncial st3-.¢ments hii'e been Prepared under the hJstrJrjC￿ cn%t c(￿l'CAu￿￿. with the excepD(m nt iAirs[n￿nLS are £t market value. Incorne .111 ITi¢i>nii 1% re¢hRni%¢d irt the Si*itmtrtt Fin*nei41 ..l¢ti*Ii￿ r>nce ihe th#YiiJ' hx* tntidemtni th¢ funds. it is pr(Ih4hl¢ th*t rh¢ Inc¢Jm¢ wiu br rtccii'¢d and ihe am(>uni can be rnva5ur¢d rrl¢abli'. Expenditure abiliEie* are rtc(J¥ni5td A5 c¥peJ￿1llaTe as swn a$ tbtrre Is A kgA] ¢>1 conscnJcri%'r ¢)blikUti¢)n c(>iii￿ttsnk the cl)qrit!' t(1 tIiqE expenditiiri, It is P¢i)hAhle thJt J tTA*sf¢r ijf tttYH)mic knwfit% ￿1]1 re(iulred itt %L'ftlenk'ni Ana rhe lifihc iihlisr.Itirin iqi) be mcayuF¢d rrliil?l!.. b.Ii'=nditui¢ is Ririjunra fi)t iin 4n accruaL% IM1$ and ha> b¢¢n cla55ifitrl undcT heidin%s tliAI 1i¥r¢Hair all c(?%t rd71￿[ 11) Ihe cAtegmTh'. Il'here crJSts cannnt I￿ threcd!. 3ttribuied tn P3nicular helldiiigs th￿- h3I'e byii ￿1￿C￿ted t() IctThrjiie r)n R Iya%i% Ll)rt%isikni ￿PIlh IhL usc vl tLSUVYCL Tllnglblc tlxed Drpr¢til¥ tiun is pr()iiida ir ch¢ fL>lluwinx #nft￿ rAi¢s ir. vtdyt TU vff r4ch A>s¢r ytTrer irs ¢￿il￿mIed u&¢ful lif¢. PIAnT Jnd niachin¢rn' Ll¢.l./,-Jf¥ii i)n rducinR kYAl%ntt Fixcd as8ct tnvegitnent CArri¢d dt rhr Trn5re¢4 esTvii#re rkircurrrnr ma)*er iulue. Stock$ %tibrL¥ I'A)￿a at ih¢ k￿￿tr oif CU>t •ncl nei re•b5xbk imive. aft¢r mak'inm due •UctywJnce f4IT ub¥obleT¢ gnd ¥11￿. rni)IfjLl¥ irem¥. Taxation ie iF,.Irit! li exeiiipt tTQm Cl)wfA¢inn its Ch￿1t1￿C ictii'ityes. Fund ¥¢¢ounti IlnrestTlCted CAn l)E LL$ed in att¢)rdan¢ewith the tharivjble ohiecti¥e* ai the thqcretinth 01 the trii4tee%. Ile*tiirtecl flind￿ can (Tridi. be Uied for parti(ulxT feJtrKteLI PLirp)%e% WII￿.1] die ubiects {)( the cli&ritJ'. Re%trictji>n% ari%e when *p¢Lif1￿xl bi. thc Dr fund% 4r¢ PAiSLd 14)r p#rri¢u12r ri¥rict¢d purryKSLS. r"Iirtliei explAnAu(In nf the llAlUIE putpK>se fjf ei¢h hjrtd is in¢ludcd in ibe notes iQ t1￿ fin￿cl￿[ Etstementi. INVES'I'MENI. INCOME 29.124 Depnsit accouni iniere41 p￿￿e ¥ conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 NEf INCOMEl￿XPEND1TuftE) i Incom¢/irxprI￿1utr) js slaltd 4fi¢f chatsirtb/iudiunO.' 28.2.21 T)¢prLty)rifitl TRLisfEES' REMUNERATION BENEFrTs Th¢re were rtu miste¢s' tunw*vraisvth ur o)ther bentfits Ivr the I￿r end￿ 29 FebN#r¥ 2024 nur flir the }'eaT ended 28 FebTr￿n. Tru5tee•' expenseB Tru%rte8' expen*8 Amnunied lJ123.. £N'dl. COMPARATIVES FOR THE STATEMENT OF FINAN'CIAL ACTIVITIES Ilnre%irirted funds Re%tACteJ tunds TntAI flind$ INC.()Mf. AND F..NDOWMF.NTS FRO￿1 Ini'¢%cni¢rti C)th¢r inciime 'rotal 981) 10.IY>4 EXPEND11'IIRE OY A,418 1721)7 Toial ET INCOME/(EXPENDITUREI 19.4541 1,646 r,,81)8) RF.C.ONC.IV.IATinN nF FIJNDS 20,.307 TOTAL FUNDS CARRIED FORWARD Page Y conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 TANGIBtE FIXED ￿ErS Fi%iuTCS Plani And nUC￿neTh. fjttjllft COST ..It I IlaTch 21)2.3 43,697 771 9,713 53,410 4t 79 F¥br￿)N. ?1)?4 DF.PRF.CIAT1O￿l 20.101 9,901 516 30,iX)2 NF,T IJOOK VALISE Ar 28 F¢brus￿, .)023 FIXF.D ASSF.T INVF.STMF.NTS 2¥.124 28.2.2) (IEheT Thete ￿tte rto ini'e4tmtnt agget% ￿Ul*lL￿ iht I,'K. In>isrmcnt) (nilthLr listcd nor ￿nI1)IC￿l wcr¢ ai follow% 29.2.24 211.2.2.1 L4brav.' i>f b()(>ks .¥1 IXK) STOCKS 29.124 28.2.23 DEBTORS.. AMOUNTS FAILING DUE WITHIN ONE TrEAR 29.124 28.2.23 Qihir dLht(>r% .M3 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 io. CREDITOR& AMOUNTS FAMJNG DIIE wrrHIN ONE I 29.124 B..7￿￿- IKisns ni'etargtts l%ee nr)te 111 Tride crtthtnr ()ther cre(btnr% 6,520 25,040 3,382 .18,181 li. LOANS ,In aii31)'sis i)t thc mAtuiitr ()f i% given Ixk)u-. 29.124 28.2.23 Amuunis l..IllinKduL wiihin Ime !"tAt dcmand.. BAnk (>i'er(Ir2fis 12. MOVF.MF.NT IN FUNDS N¢1 moircinent in fvnds Ai 1.3.23 29.2.24 Unrc5trictcd fund (4611 16.027 JOJ57 (4551 29,896 15,572 Blr club 10.853 39,623 50.476 Rc411icrrd fuTbd8 Jull (vjl'lTl¥11(Trr l)uildink r¥pairs) 161 I,W7 TOTAL FUNDS J9 784 ￿245 I￿￿￿1U￿¥ rcv)urce* Re¥¢>urce CXpe[￿e￿ in fiind Uknr¢stiicivd fundts 35.793 59 {5.4361 15141 21 16,022} 30,357 1455) nAf club .4C.J.f C.i)vnsLllin# & Ilcdi'iDon 4&645 39.623 Rt$tri¢rtd funds (Jiinn¥ i5.%harin￿ ICISI .4ctli)n filr RAi¢ F4ualih" 1.4RF.I Il"indrush {1,261) 161 "roi'AL FUNDS li conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 MOVEMENT IN FUNDS_ conunued CompAtytive8 (or mover1￿11 in NLt mtsi'enient ITh fund5 Ilt 1122 2R.2.21 Unrestricted fi]nds CJ jnird. fiind club -.l('L(.' I lJUrt%¢llioki & }IkQ14ti1)11 1461) 16.6lX) 16631 46 2iJ,307 1(1.8)3 Rr8iricr¢d fund$ Juil C•iiiin¥ Iffir buildin% r¢pirs} 1.616 'roJ'AL FVNDS L()InPl￿riN.c net rn<>i'ement in lund4 includtd in rhe alx)ve Are fi)U(>M InC￿llIn% Res(>urce expend￿1 Unrestricted (unds )o(IRI 16631 IB 74.11 ,l<.'L('. l.nUL14ellirtg & IleJithtioE) I,(K)3 (9.4)41 Resiri¢¢¢d funds K'inclrujli Cc)tnmuilLI) Fiind 8.418 8.4181 Cpl(> TOTAI. FIJNDS ,1 current !t1r 12 month% anLI pri<)t ¥rAr l2 mrMJth4 c1)M￿.￿e￿ bYMJiinn 1% a4 (Duo Nrt mi)i'cmcnt At 1.3. 29.2.24 Unr¢¥tii¢t¢d fundA GvnerAI I'utLd BJr cluh ACI.C Cvun%ellin¥ & Ilrdiaiion 2]￿]2 29,896 l.i.472 .5(1.47fj Resiricted funds Ju¥1 (ANJii¥ Ifvi buJkh"n¥ repAirs} 1.8(17 I,&)", TOTAI. FUNDS 12 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 MOVEMENT IN FUNDS_ conunued A cutt￿1[ !'¢ar l? Ji)unihs And prit)t Itar 12 munchs n¢1 mvl'rmrrti IA fund6. sncluda the knye At¢ fis fuUulVS.' re4I)urce% expeithd in fun(L4 Unre8tti¢ted funds (Jefter￿ lund IIAr cluh ACLC C<)iinstllin¥Tr &,lletha￿On 1152441 i9 116p3<)1 Restricted funds 1.1417 K'indrush Cumrnuniii. Fkind SliaTlll¥ ILISI ,Ictinn t¢)r Rar¥xni%ari()ii Is re*p)n%iL)It f(Ir rhe upke¢p ()f Thc irtrem￿ deci)T#Tiim% f<)r (>rher runninb (>f Tlir build1n￿ kJenrrnll!'. 11)¢ iICCilPltll>n i)f ihc huildin% )% cnndiTliJnAI iitKJn it l)cin8 li￿%1 frjr the a¢tii'iiic< of a oimniiinit!. cenire and fi?T Ilf) <)thcr PLIT￿￿￿'. Gi¥'crt tliis ¢(bndLCLiin ihc cfu¥fccS dv rliAi ihc PDJ1'jSlt￿ vf tJ)r ul'il)c buildin¥ has Art¥. Cinail¢lAI 'niarkct 1'11ut" In the Flltr1111' 2cc¢pial %¢nY. Jncl jcoJr(lin￿l. n<) ¥ylu¢ J* aiirihui¢J ih¢TeifJ in the t1th)nci￿ %tArenient4. 13 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 15. PURPOSE OF FUNDS Gefter•l Fund.. Tjus turtd trprrS¢nkn4 Th¢ incLTrm¥ and &XFnd1nb￿. Ilsbris aftd bAbih'iirS frlaun¥ Cu rth)fti hit¢ And lh¢ Ana upcn14iun uf ilL¢ di¥" tu di}" Itilli￿¢4 1r rELr c¢nrtY includity caMak"In¥. Fi)Uvuun¥ rli¢ cessatiun vt" ¢xteinRI lundinx th¢ Geii uperdfing a bar club. Af.l.C. C.oiinsclliTLg and Mcdiarion Servi￿ Thi% 5CTriCC ￿.93 scr up in 1994. to assj%t rcsidillis 1)n A lil iJnL ba&is r)n Il ¢Xpr￿S 2nd i)resent fheir 155Uth atjd C()n•idt4f121 )j￿ undtrsUt)dinx APPtL)Ach itt m¢et the nttils c)f hc horoiighs .ItncaTI/ ,liricRn (.anhE>ran anil <>thcr cthIiic Min￿￿[1$1¢5. Ihi4 5CTriCC cwc(iall!' dcdica¢cd 141 supp￿1[1117£Y uscrs 'Ith mentAI h¢alth and uth¢r ￿%!.chillI￿1cal n¢¢d derly Day C￿. Thix fund scr tr) MCLY rht d*!. car¢ ncLxls of olckr JKople fr(Jm thi AfieAnlAfriian (-ATiblJ¢on ciimtt).Init!'. Such Seyi'icts in¢lu(li(I pr(>}'iclirt¥ ri%idirtLg y.h() JYL ljf pcnsii)rtabl¢ with A thTCC ¢Ujtobl¢ fur th¢ir w Jiid c¢bmthriLJll. ￿011￿j¥71}R ihe Ce>yiU¢Jii (Jf ¢%[¢rn￿ fundin¥ ¢1?¢ aciii'iu¢> PfrVi¢)ys1)' undrltAk¢n bi. this fund ￿tTe reduced An£1 were funded hi. thc fu￿1 wa5 yrr up (uU(>U'in% rhv rec*pr ut" ￿)rIen. fundinx TU prwjde relephune i¢iluttiiAriun.Incl suppuN ri) cumn)uthiri' r¢biin¥ i<) Cl)ITID.19. Ir iy 4 tr¥irici¢d fund wmch mypns Iliii n)vnit> rec¢iirt(18r¢ rinE.lenc¢d can nril!. he in accrJftlJiKe ￿'ith ternis %rrtcified ￿. the I'ii¢i(ling wHiYee. Pv¥itode kni¢ry Trust: Thi4 fund sei up to aLlThini.IteT A print receii'ed the I)1)s￿￿e Lniten. to fund i mAnAsrer fnr .l(.'L.l-. l[ jq..I rt4iricred tllftil In bt S￿nI in acmrLIAnce Ihe rerrn% nf rhe wnT. WindNgh Cornrnuniiy Fund (Voice 4 chxTh￿). Th'$ $¢1 ¥ bs. rh¢ Tr1(￿¢ C)f(ic¢ iu YJnwJii$r¢r8rn?1s rec¢ii'd priniiiil). r I'uiiLI incrr*Scd xivirrness (>l- thc Il'indTu*I? Schcnie 2nd ihc Il'indrush CixnFriSlll¢Trn Schemr. b!. rc3chinM out tu Cvmmunitlcs attd irtJii'idiitsl* H.hi) mA>' hecn th((ttt￿ i). Ihtir inJlMIiiJ' ¢1? pihi'e thtir lthw.ful lrt tht I IK. It 14 a tt*tfi¢trd (urtLI tth ht %i)¢nT ￿ ll¢cvrdAnc¢ ¥irh rh¢ riiflC* tll siipp)tt ihc hLAlih. ￿¢11. l)rin¥k ind 5(Kiil cvnn¢crivii%' vl ¥rn¢c)r ¢iri£rn¥ in f)UT O)mmunin'. 115 1(Kiis 15 vn prtsi'idlny ¥ >•1¢ and Inclu￿11,¢ ¢ni'irvnm¢iiE .heTe ieni<)r4 can ennie tngethei t¢J leaTrt, thire. crthftcci ￿'1th eAth ()thei. li i$ a re$tti¢ted flind tn be 4pent in aci¢?rdRnce ii-iih rh¢ lund¢r'$ rrquirrm¢nr%. Action for Race fqualits. (Windnish Justico PtogrJmfflo): Pilti￿[la1 Iy'indmsh. ('ompLnsallf>n 'applKanrq arc 4iipp4)rtLxl ￿'1th appli¢-,.11iirl siibmi4%li>n%-.Ind ciin4ci.'UCrtiiil cnK u'jrl) H(Imc Ilfficc riPrtSLYLnDI'cs i)r AkKn¢ LS. Tr is A tLifricfid fijna tts be *￿￿t in attc)r(lancc Wlth thc fuJM4tr¥ yiremtnts. 16. SHARE CAPITAL Th¢ cF.¥inL4bl¢ ¢(>mpAn% i* Iiniiwd b,. nvt haie a shAr¢ ¢Apiral. F.ath m¢m￿'v.$ Is limiiLd iii £1. 14 conunued... AFRICAN CARIBBEAN LEADF.RSHIP COMPANY LIMITED NOTES TO THE FINthCIAL STATEMENTS- IXJDiinued for the Year Ended 29 Febniary 2024 17. CENTRE CLOSLRE As mt)f¢ tull%' rxpliirtd in Ili¢ R¢pvtt uf T￿￿l￿¢s ¢¢nttr &d nvl fr-(pFn. w'h¢n r()iiiD-19 re&irictivllS Wrt¢ lili¢d. due to He21Eh &.S.thfeti- Jssiie%. XeYenhele%%. Ill_"L(.- nlangtsed Gnan(iall!- and cnnutbued tn pmvide Jiort-centre bi$ed serv￿e5 ta tlje lacaj CLJmtnUttit!.. It 1% hiipcd Ir mi! rL4)FKrt ith thc rtcAr futvrc. 18. COMPARATIVE FIGURES 'I'he$e hai-e heen re.rYrou￿d. ￿'here nece4qJn-. t(> pmiryde J Isir cnmpan%nn ￿'jih tlHJ5e nf tht current I'C￿..%UC1] rew)uping dne% n()t AffLci PYjl'l(111S1!' TiJXJrrid ASSLts Rnd ITHbiliuLN I)T rtir Incvmin¥/L¥￿￿d,xl rikiiiYtt%. P3ge IS This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.