Thurrock African Group (TAG)
Charity Registration No: 1135222
Financial Statement for the Year Ended, 31st March 2025
LEGAL & ADMINISTRATIVE INFORMATION
Name of Charity: Thurrock African Group Principal Office: First Floor Office, 42 Orsett Road Grays, Essex RM17 5EB Telephone number: +44(0)7448 420532 Email: info@thurrockafricangroup.org Website: www.thurrockafricangroup.org Registered Charity No: 1135222 Trustee Members Bukky Okunade, Chairperson Adewole A Adeaga Olugbenga Lawal Independent Examiner: adekconsulting, (Development Finance and Management consultants) Banker: Lloyds Bank Plc
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1. TRUSTEES’ ANNUAL REPORT
1.1 History, Objectives and Activities
The trustees present their report and financial statements for the year ended 31 March 2025.
Thurrock African Group (TAG) was established in 2003, officially launched in 2005 and registered as a charity in 2010. TAG promotes the interests of African communities in Thurrock through information sharing, promoting tolerance and understanding, and supporting projects that strengthen community cohesion.
TAG supports Africans living and working in the borough by addressing educational, health, cultural and social welfare needs. The charity works with Thurrock Council and other service providers to help ensure access to quality services.
The charity also encourages personal and community development, including participation in governance roles in schools, healthcare organisations and other local bodies.
TAG continues its strong commitment to youth empowerment through the Young People’s Radio Club and the Youth Social Action Project.
1.2 Structure, Governance, and Management
TAG is governed by a constitution. The trustees meet quarterly to review progress, approve budgets, monitor accounts and plan future activities.
The Chairperson oversees day-to-day operations and ensures adherence to policies and regulatory obligations. TAG maintains safeguarding and health and safety policies, safe recruitment practices and risk management procedures.
1.3 Achievements and Performance
The trustees are pleased to report another productive year. TAG continued to deliver its activities through funding received from grant-making bodies and supporters. Income and expenditure are detailed in the accompanying financial statements.
TAG’s community radio broadcasts, including those delivered online and through the TAG Radio mobile app, continued to grow steadily. Engagement across digital platforms such as WhatsApp, Facebook, Instagram, YouTube and podcasts increased, helping TAG reach wider audiences.
Young People’s Programs
TAG sustained its focus on young people through two key initiatives:
a. Young People’s Radio Club
Participants developed broadcasting, content creation and communication skills through debates, shows and editorial discussions. This contributed to increased confidence, teamwork and technical ability.
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b. Youth Social Action Project
Young people identified community issues and created radio content promoting community safety, wellbeing and positive youth identity. Participants gained leadership and project management experience.
1.4 Financial Review
TAG generated a surplus of £2,555.38 in the financial year. All financial activities are shown in the SOFA and Balance Sheet.
Trustees are responsible for the preparation of financial statements that give a true and fair view of income, expenditure and assets.
1.5 Reserve Policy
TAG aims to maintain reserves at a level equivalent to at least three months of expenditure. This provides financial stability in the event of reduced funding and ensures continuity of activities.
1.6 Risk Management
The trustees have assessed major risks facing the charity and are satisfied that systems and controls are in place to mitigate these risks. These include safeguarding procedures, financial oversight and compliance checks.
1.7 Approval of Report
This Trustees’ Annual Report was approved by the trustees on 19 October 2025 and signed on their behalf by:
B. Okunade (Chairperson)
2. FINANCIAL STATEMENTS
2.1 Statement of Financial Activities (SOFA) For the year ended 31 March 2025
| Income | 2024 to 2025 | 2023 to 2024 |
|---|---|---|
| Grants | £40,750.00 | £60,000.00 |
| Donations | £0.00 | £20.35 |
| Total Income | £40,750.00 | £60,020.35 |
| Expenditure | ||
| Staff costs | £18,000.00 | £12,000.00 |
| Radio IT Equipment | £1,648.11 | £2,769.41 |
| Studio Facility Expenses | £2,968.43 | £4,053.18 |
| Supplies | £1,748.85 | £727.94 |
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| Professional fees | £2,585.07 | £300.00 |
|---|---|---|
| Radio Production / Training Facilitation | £11,208.19 | £12,269.27 |
| Printing and Stationery | £35.97 | £1,091.07 |
| Total Expenditure | £38,194.62 | £33,210.87 |
| Surplus for the year | £2,555.38 | £26,809.48 |
| alance sheet as at 31 March 2025 | ||
| Current Assets | 2025 (£) | 2024 (£) |
| Cash Hand/Bank | 40,814.20 | 38,258.82 |
| Total Current Assets | 40,814.20 | 38,258.82 |
| Fixed Assets | ||
| Radio Equipment | 8,743.46 | 9,714.96 |
| Total Fixed Assets | 8,743.46 | 9,714.96 |
| Total Assets | 49,557.66 | 47,973.78 |
| Creditors: amounts falling due within the year | 0.00 | 0.00 |
| Net Assets | 49,557.66 | 47,973.78 |
2.2 Balance sheet as at 31 March 2025
2.3 Notes to the Accounts
Basis of Preparation
The financial statements have been prepared under the historical cost convention and in accordance with:
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The Charities SORP (FRS 102)
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FRS 102 (UK)
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The Charities Act 2011
TAG is a public benefit entity.
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Accounting Policies
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Income includes grants, donations and bank interest.
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Expenditure is recognised when incurred.
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Fixed assets are recorded at cost less depreciation.
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Depreciation on radio equipment is charged at 10 percent per year (straight-line).
3. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THURROCK AFRICAN GROUP
I report on the accounts of Thurrock African Group for the year ended 31 March 2025.
Responsibilities and Basis of Report
The trustees are responsible for the accounts. I have been appointed under section 145 of the Charities Act 2011 to examine the accounts.
My examination was carried out in accordance with the Directions issued by the Charity Commission.
Independent Examiner’s Statement
The examination was carried out under the general Directions issued by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures and seeking explanations from the trustees.
An examination is less detailed than an audit and therefore provides a limited level of assurance.
Independent Examiners' Statement
In connection with my examination, no matter has come to my attention:
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that gives me reasonable cause to believe that the requirements to keep accounting records and prepare accounts in accordance with the Charities Act 2011 have not been met; or
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that should be brought to attention to enable a proper understanding of the accounts.
Signed: ADEMOLA ADEKOLA
ADEK CONSULTING LTD
Independent Examiner
Date: 27/11/2025
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