CROYDON AFRICAN CARIBBEAIY FAMILY ORGANISATION UK FINANCIAL STATEMENTS YEAR ENDED 31sr MARCH 2024 ChaTity Number: 1153669 Business Address.. 40 Northwood Road Thornlon Heath Croydon CR7 8HQ Maftagement Committee Officers.. C Young OBE- Chair W . Bernard- Treasurer Davina Brown - Swretary Bankers: Barclays Bank PLC Brigstock Road Branch Thomton Heath Independent Examin¢rs'. Leroy R¢id & Co. Chartered Certified Accountants and Registettd Auditors 299 North￿)rough Road Norbury London SW16 4TR CROYDON AFIUCAN CARIBBEAPI FAMILY ORGANISATION UK INDEX TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 CONTENTS PAGE Rewjrt of the Management Committee Report of the Independent Examiner Sigtement of Finoncial Activities Balance Sheet Notes to the Financial Statements 8-12 REPORT OF THE MAIYAGFMEIYT COMMITTEK TO THE MEMBF,RS OF CROYDON AFRICAN CARIBBF.AIY FAMILY ORGANISATION UK C.ACFO's Management Committec is pleased to pres¢nl our ffport and the exarnincd financial stslement for the year ended 31 March 2024. Stxlus CACFO 15 in its third decade since its inceplion in 1993. We became an unincorporated chartty. governed by a c()iislitiition (In 4 n¥loher 1994 IiimLnded 20 June 1995). We later becaine a C'liaritsble In￿r￿[￿ted Or&Jftiii54iiion governed by Lon4lilLilion with voiing members oiher than its charity truslLL's on 30 May 2014 in order l() limil our liabililics. Al Ilie Siiiiie liiiic, we foiinally rebadged as CACFO UK but the shorter name, 'CACFO'. persists in day-to-day us¢. Objective and prffineipAI actlvltles of the charity CA('Fn's iibjL¥livcs since 1993 IIJVL becn 'to promote the benefit of, but not exGlu8ively. African and African Caribbvaii dL'sLendllnls in thc bonii&bh of Croydon with".iut distinction of ￿e, sex. race. politi¢21 or religious or other opiniolls, by associating the local aiiihoritils. voliinlnry orbianisaliony and ifthabitant5 im a wiiiiiion Lffort tv provide fuLiliti¢s in the in*rests of SOLiiil wellarc. cdiicati()n or rL￿.reallOn and leisure time UCLLipalioii tor the b¢nefits of the residents of Croydon,. Our mission statcment is to 'Care for our Youth, Care for our Elders, Care for our Community,. l)evelopment, a¢ifviiles xnd #¢hlevtmenls for Iht year The M4111dgPLlllCtit C c)iiiiiiill¢L C4)nliiiuL'd to piirsii¢' CAFC.O's objedives and mis5iOTS primarily through succ¢ssl'ully riiiiiiinb* our Adiili Day CLnlrc, suiniiiLr %ihool. and community centre. Our Adult Day C.entrc is open 9 to 4, five days a week, 52 wecks of the year bar ChTiStm8s and Bank Holidays. Our clders desire Independen￿ dignity and 5elf-respccl. W¢ provide a five-fold programme to help them achieve this". group cxerciscs 10 Stimulate the mind, e.8. atts & craft classes, regular quiz. ffminiscing and memory game 5¢ssions {ii). group LxerclsL￿ 11) help physical filn¢%s and primiotc healthy lifestyl4 ¢.g. seated ¢xerci5c ¢lasscs - plus profes%iiinal iiilks. e.g. hy ihL Al/.lic'inier's So¥iLty, etc (iii). group re¢reational activttiCS, ¢.8- bingo, day trips, etc {iv). n￿rItiOuS meals.. culturally and dietary sensitive lunches prepared on-sile by our chcf (v) advi¢e and signposting to s¢rvices and help. e.g. to Croydon's Adult Hcalth #nd Social Care Serviw, the Government's Wtndrush Compensation Seheme, etc REPORT OF THE MANACF,MEwf COMMITTEE TO THE MEMBERS OF CROVDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK Development, activitie$ 4nd *ehievements for th¢ year (Continued) Through this progrnmme of activities. we were highly successful at reducing thc feeling of tsolalion and loneliness amon&1 elders. We succc5sfully hclped members to Inaxirnise their independence and wellbein& to live in their own homes for longer and, in some cascs. provided their only hot meal of the day. Alongside twice weekly seated exercise cl&8ses CACFO heavily pmmoted 'Music. M¢nx?ry an<1 MovLmenl' sessions throughout the year. The 8essions Irigbyer memories in cldcrs. particularly early experiL'nLe5 in k.-iig7land and raising firyinilies here. They encoiirii ¥L' eoiivLrsalii)n. reniiiiisLing. laiigililer. dancingi anion&i clclcrg. NLW friend%liip &ift)ups havL' been fonned 41nd have p()%ilively imp1¢ ¢icd membcrsliip. ()ur Wlu%Trc. M¢iiiory und Movcinent, 4c%8ions were made p05siblL' Ilin)Ii¥pli C"A('FC)'s parinL'r%hip wilh /.Iirich C'()Inmiinily l-rust I/L'I'). Their swiis1)rship not only liilicy of th¢ charity to maintain unrestriGled funds at a level which equalc to 12 months unrestricted expcnditure. This provides suificient funds to cov¢r management. administration and support C05t. CuTrently most T¢serves hav¢ been earm*ked for specific Projects. Rlsk M#ngg¢mont Thc trustees actively review the major risk which the charity faccs on a regular basis 2nd believe that maint&iningy re%erves at currcnl levels. combined with an annual review of the contro15 Over key financial systems, will provide sufficient resources in the event of adversc conditions. The Inist¢cs have also examined other operational and busin¢55 risks faced by the charity and confirm that they hav¢ established systems to mitigate the significant risks. MAnAgement Commtit¢¢ The members of the management wmmill¢¢ &8 ai the end of the year were; Mr Callton Young Mr Winston Bemard Ms Davina Br(>wn Ir Zedford James Mr8 Hazel F)wi8 Mr Lion¢1 Stirling I'r¢&surer SeL'retary Member Member Mcmber Reeruitm*nt *nd #ppolntment of Man8%tmeni Commlttee L'ndcr the requiremcnts of the constitution the membcrs of the Management Committcc are electd to serve for a period of one year after which they must be rc-elccted at thc next Annual General Meeling. REPORT OF TIIE MANAGEMEiYf COMMITTEE TO THE MEMBERS OF CROYDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK MaD*gement Committte R¢sponsibililies For The Financial Statements Thc law ￿quireS us tl)e management committ¢¢ to preparc thc finanGial stalcments for each year which give a truc and fair view of Ihe st*e of affairs of the organisalion and of its surplus and deficit for thal period. In preparing thc finan¢i#l slatements w¢ are required to- (a) selcct Suitable accounting poliries and appty th¢DT conststentty through the years (b) make judgements and cstimates ihat are reasonable and prudent (¢) state whether applithle accountin8 $tand&ftls have been followed. subje¢t to any material departures Ihal should be disclosed and explained in the financial statements. (d) Prepare the financial stateTh¢nts on the going LX)ncem basi5 unless il is inappropriate to presume that the organisalion will continuc in busin¢ss. We a￿ res￿nsible for keeping proper a¢counting rccords which disclose wilh re&80nable accuracy ai any time Ihe financial position of th¢ Gharity and en8ble them to ensure that the financial 5tstements ¢omply with the Charities Act 2011. We are also Tesponsible for safeguarding the assets of the charity and taking reasonable steps foT the prevention and dctection of frnud And other irregularities should they exisl, F.xAmlner Mes8rs Leroy Reid & Co. have indicated their willingnes8 lo serve as the independent examiners and a r¢solution re-4ppoinlin8 them will be prop)sed at the annual general m¢etin8. By Order Of The Management CommSt¢e¢ Chairperwn REPORT OF THE EXAMINERS TO THE MEMBERS OF CROYDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK We report on the financial statements of the charity for the year ended 3 1st March 2024, which are set out on pages 6 to 12. The financial re￿rtIng framework that has becn applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Rep)rting Standard l 02. Respeetlve Responslbilitiej of Trn8tttg and Examlners As the charitys trustecs. you are responsible for the prcparation of the accounts. You also ￿nSider that th¢ audit requirement of Se￿10n 144{2) of the Charities Act 2011 (Ihe 2011 Act) does not apply and that an independ¢nt examination is needed. Havlng satisfied ours¢lv¢s that the charity is not subjed to an audit Ond 18 eligible for independent examination. it is our responsibility lo., examin¢ th¢ accounts und¢r section 145 of the 2011 Act (ii). to follow th¢ procedures laid down in the general Directions given by the Charity Commission und¢r section 145(5)(b) of the 2011 ACL. 8nd {iii). to stste whether partieulw matters have Come Io OLtr attention. BASIS of Indep¢ndenl Examln¢r'$ Report Our examinatTon was carricd out in accordan¢e with the Gcneral Dtrection8 given by the Charity Cornmis8ivners. An examination includes a review of the accounting record8 kept by the charity and a comparison of th¢ &C￿u￿t8 presenled with those rccords. It also includ¢s consideration of any unusual items or disclosures in the accoufits, and 8e¢king cxplanations from you as tnistecs con¢¢rning any such m&tters. The proccdurcs undertaken do not provide 211 th¢ evidence that would be required in an audit. and eonsequcnily no opinion is given as to whether the accounts present a 'true and fair view, and th¢ rLyort is limited to those niatters s¢t out in the slatemcnt b¢low Ind¢pendont Examlner's S**tement In connection with our examination. no matter has wme to our attention". (l ) which give us re&8onable cause to beltevc that in any material r¢spert the requirements - to keep accounting records in accordancc with Section 130 of the2011 Acl. and - to pre￿re acLN)unts which a¢¢ord with the &c￿untIng r¢coriL% aDd comply with the accounting r¢quiTements of the 2011 Act have not been MCL or (2) to which, in our opinion, altention should b¢ drawn in order to enable a proper understanding to be reached. ÉJL LEROY REID & CO CHARTERED CERTIFIED ACCOUNTANTS AND RF.GISTERED AUDITORS 299 Northborou8h Road Norbury London SW16 4TR CROYDON AFRICAN CARIBBEAF4 FAMILY ORGANISATION UK STATEMENT OF FINALYCIAI. ACTIVITIE.S YEAR ENDED 31ST MARCH 2024 INCOMIIYG RF.SOURCVS NOTF.S Re8lrictcd L.nr¢51ficiLYI 2024 2023 Charitsble aetivi¢kJ Grants Generated funds Activilies and Donations Bank Inl¢r¢5t Tot*1 Incoming r¢source$ l(b)&2 9.233 9233 22,499 Ilb1&3 l(b) 88,466 685 98,384 88.466 685 98,384 246,316 51 268,866 RESOURCES EXPENDED Charitable activities l(g)&4 113,295 113295 198.568 'rotsl reSou￿eS expended 113.295 113 1911.568 Nct Incoming TCSOUTces 0 (14,911) (14.911) 70.298 Funds brought forward 93,798 Funds c#rrled forw*rd £78 £78 87 ￿8? £93 798 There were no Tecognised gain5 And losses other than those passing thmugh the Income and Exp¢nditure The accompanying ttot&% forn) an integral part of the accounts CROYDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK BAI.ANCE SHEET AS AT 31ST MARCH 2024 NOTES 2024 2023 FIXED ASSETS 8,970 13,452 CURRENT ASSETS Cash and bank balances 73.8()9 89.1Tr.37 73.869 89.C)37 CREDITORS: Amounts f8lllng due Jylthln one year (3 952) (9291} NET CURRENT (LIABILITIES) ASSETS 69.917 80,146 NET ASSETS £78.887 £93,798 FINANCED BY.. UNRESTRICTED FUNDS Gcneral fund Dcsignaled fund 58,887 20.000 73,798 20,000 £78J187 £93,798 Approvcd by the Manag¢ment Committee and signed on its behalf: Chairperson... Treasurer........ Date..... The accnmpanying notes form an integral part of the ar￿Unts CROYDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES (a) Accounting Convention The accounts are prepared under the historical cost convention. The financial slatemenls have been prepared in accordanc¢ with the statement of Recommended PTa¢tice= Accounting and Reporting by Chariti&8 preparing iheir ac¢ounÉs in accordanLe with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (Charities SORP FRS 102 and the Charitics Act 2011). CACFO UK constitutes a publi¢ b¢nefft entity &% defined by FRS 102 (b) Ineom¢ All inwmin8 rlsourccs are included in the statement of fiiiancial a¢tivilies when the charity is entitled to the incoine and the omouni Can be quantified with reasonaljle a¢¢uracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants. donations and gift and is not conditional on the delivery of a spe¢ific perforniancc by the company. and is recognised when the charity becomes unconditionally entitled 10 the grant. Investment income is included when rcceivable. Incomin¥ resou￿¢5 frt)m charitable Iradillg activity llre a¢¢ounted for when earned. liicoming resources from 8rants. where rclated to performaftce and deliverables. are accounid for as the charity earns the ri8ht to ihe consideration by its performance. {c} Depreclation Depreciation is pmvided at rates which are ithendcd to wrlte off the cost of the assets over their estimated useful lives as follows: Motor Vehicles Equipment and Furnilure 25° Id) Fund A¢¢ouDting Grants and similar income which arc subjectcd to restrictions by the donors are shown as restrict funds and any expenditure in¢urT¢d will b¢ 5¢1 off ogainst the fund. All other income and expenditure are showii as unrestricted. CROYDON AFRICAN CARIBBEAN FAMII.Y ORGANISATION UK NOTES TO THE FINA14CIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 {e) Resour¢e$ Expended Resources expended are included in the Statement of Financial Artivitics on an a¢¢rual basis, inclusive of any VAT. whtch cannot be recovered. Expendiiure which is directly attributable to specific arfivaies h35 been included in these cost ¢at¢gories. Wherc cost5 are attributable to more than one activity. thry have been apportioned a¢rosS the cost categories on a consistent basis with the use of these resources. 10 Value 4dded tax Value added tax is not recovorable by the charity and as such is included in the relevant costs in the Statemcnt of Financial Activitie5. {g) Chwritable aetlvitles Cost of activities reprcsents tl)ose cost Incurr￿ by the charity in the dellvery of bts activittes and services for the beneficiaries. It include5 both that can be allocated dtredly to such activities and tho8C Cost of an indirect nalure necessary to support them. 10 CROYDON AFRICAN CARIBIIEAN FAMILY ORGANISATION UK NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31ST MARCH 2024 2 GRANTS Re%lriclLd Unreslricted 2024 2023 Croydon Council-voluntary Sector 9,233 £9.233 9.233 22,499 £22.499 £0 ACTIVITIES AND DONATIONS School fees Luncheon club Hall hire Zuri¢h Community Trust ARE Windrush Surgery Funding Community Fund Fundrdisin¥ and others Restri¢ted UnT¢Strided 12.787 26,112 16,949 17.333 2,000 9.000 2024 12.787 26.112 16,949 17333 2023 167,793 28.629 12,215 17.333 16.500 9.000 ¥¥.4(>() £?4{Tr..116 4 CHARITABLL A￿1vITIEs Salaries and wa¥es Pension costs Rent and rate5 Special events and conf¢rcn¢es Voluntcer cost and expenses Agency and temporary ssaff Catering . food and provision Trainins and development Teaching and supwri ￿TViceS Coach and motor running cost Lighi and heat Repair4 maintenance and cleanin8 Computer consumables Postage, stationery. printin8 & telephone Interest and bank chargeq Depreliation Accountancy and examination Insurancc and lir¢nccs 202 50.228 984 13,265 28228 285 11.160 7.371 2,042 19289 6.722 28,228 285 11,160 7,371 2.042 19,289 6.n2 2.800 2,875 400 4.041 10.378 769 3.146 437 4,482 2,796 3.760 16,781 4,566 1,679 74,689 624 5.028 7,544 412 2,194 386 4,482 3,121 2.875 4iXJ 4,041 10.378 769 3.146 437 4,482 2,796 £0 £113 95 £113 £198 568 CROYDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUF,D) YEAR Ef4DED 31ST MARCH 2024 FIXED ASSETS Motor Furniture & V¢hicle Tot•1 COST OR VALUATION Opening balance Additions for the year r)tsposal Closing balance 44,826 22.864 67,690 44.826 22,864 (?7.690 ACCUMULATF.D DEPRECIATION Opening balance Charge for thc year Disposal CIu5in¥ balance 31,374 4.482 22,864 54.238 4,482 35,856 22.864 58,720 NET BOOK VALUE as at 3 1st March 2024 £8.970 £0 £8,970 as at.I I st Mar¢h 2023 £13 452 £0 £13,452 6 CREDITORS: Amounts fAIIIMg due wlthln one yegr 2024 202 Olhcr laxalion alld social security Othcr creditors and a¢¢ruals -49 2,040 £3.952 12 CROYDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31ST MARCH 2(124 7 UNRESTRICTED FUND GENERAL FUND Opening balartce Surplus {d¢ficil) for the year Transfcr from Restricted Fund Transfer tolfrom D&signated Fund Closing balance 24 2023 73,798 (14,911) 3,500 70.298 £$8.887 £7.1,798 DESIGNATED FUND Opening balanc¢ Transfer lolfrom General Fund Closing balance 2024 20,000 2112 20,000 £2a.nDo £?n.ooo An amount of £20,000 has been set aside into a designated fund towards the main charitys strategic development, consultancy worL emergcncy vehicle hire, ¢over emergcn¢y staff costs and trdundancy payments. 9 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tan8ibl¢ Fixed Assets Net ¢urrcnt assets Total 8,970 69.917 £78 887 11.970 61}.r)17 £78.887 10 TRISSTEFS REMiJNERATION AND EXPENSLS No remuneralion was paid to trust¥Ys in the year, i)OT werc any expens¢s reimbursed to Ihem. CROYDON AFRICAN CARIBBEAN FAMILY ORGANISATION UK INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST MARCH 2024 INCOMING RESOURCES Grant Activitie5 and donat50 Bank Interest Restric nrestrscted 2024 9.233 88.466 685 2023 22,499 • 246.316 51 9,233 88,466 685 )8 384 268 8() COST OF CHARITABLE A￿1VITIEs Salaries and wages Pension costs Renl and rates Spccial cvenis and conferences Volunteer cost and expcns¢s Agency and temporary staff Calering. food and provision Truining and dcvelopmcnt Teaching and support services Couch and motor running cost Light and heat Repairs, maintenance and cleaning Computer consumables Postage. stat7on¢ry, printing & leS¢phone Intercsl and bank char8es Depreciation Accountancy and examination In4urnn¢¢ and licen¢es 28,228 285 11.160 7,371 2.042 19.289 6.722 2.800 2.875 400 4,041 10,378 769 3.146 437 4,482 2,796 28.228 285 11.160 7.371 2.042 19.289 6,722 2,800 2.875 400 4,041 10,378 769 3,146 437 4,482 2,796 50.228 984 13.265 3.760 16,781 4,566 1,679 74,689 624 5.028 7.544 412 2.194 386 4,482 3,121 Total resour￿5 expended £0 £113 295 £113 295 £198 568 Nct incoming resourees 14.911 £0 ￿ £L￿ £70,298