COAqPANY REGISTRATION NUMBER: 09662329 CHARITh REGISTrATION NUMBER: 1166438 African Community Heritage Hub Limited Annual Report & Unaudited Financial ststements 30 June 2024
African Community Heritage Hub Limited Trusteos. Annual Report (Incorporating the Directotrs Report) Year ended 30 June 2024 Contsnts Page Legal and Administrative Details chman'S Introduction Ttustees, report for the year ended 301h June 2024 5-10 Independent oxamine¢$ report to the trustees Statement of financial activities (induding income and expenditure aLrount) statement of financial position 12 13 Statement of cash flows 14 Notes to the finanoal statements 15-21 The followlng pagos do not fomi part of the flnanclal statements 22 Detailed statement of finanaal a¢tiwties 23 Notes to the detailed $tateffEnt of finan¢tal activities 24 African Community Hffiltage Hub Ltd
African Communlty Heritsge Hub Limited Trustees, Annual Roport (Incorporatlng the Directorfs Report) Year ended 30 June 2024 Reference and admlnistrative d•ta115 R•gistsred charity narne African Community Herttage Hub Limit Charity ragistratlon numb•r 1166438 Company reglstratlon number 09682329 Prlnclpal offlce and registered office Unit 5, 14-20 Gearge Street Balsall He8th Birmingham West MidlarMIs B12 9RG England The trustses Mr. Massamba Lubamba Mr. Goncalves Miguel Jose Ms. Elizabeth Koko Mr. Armand Afumba Ms. Mamitsho Tomon8-Bohulu Independent oxamin•r Godfrey Massa { Certified Accountanl) 472 BEARWOOD ROAD SMETHWICK WEST MIDLANDS ENGLAND B66 4HA Stratsgic report The. following se¢Aions for achievements and perfomiance and financial review form the Strategic report of the charity. signed on behall of the board of trustees by". Mr. Goncalves Mlguol Jose Trusteo Afrfcan Communlty Herltago Hub Ltd
African Communlty Heritsge Hub Linited Trustees. Annual Report (Incorporating the Directorfs Report Year ended 30 June 2024 Chair's Introduction It is my primlege to present the introduction to our Annual Report for the fiscal year ended on 30 June 2024. The past year has been a period of significant achievement, grh, and impact as we continued our umvavering commttment to supporting and empowering the African communty in Birmingham, children. young people arKI families Ihrough a range of diverse initiatives. At the core of our mission al the African Community Heritage Hub Ltd is the empowerment of indiwduals and communities to embrace, celebrate, and achieve tharfull potential. Throughout the year 2024, we have undertaken a series of impactful activities aimed at supporting the African cornmunity in various spheres of lile, nurturfng talent, fostering creatiwty, and providir valuable resourc&s and setvices. Key Actlvltles and Inltlatlves.. 1. Employment Skllls Workshops.. We organized a ser5es of ernploym8nt skills workshops designed to equip community members, particularfy youths and adults, with the necessary skn'lls, knowledge, and confidenc& to enhance their ernoYablEFtY prospects. These workshops covered a wide range oftoFics, induding resume writing, interview preparation, networking, and entrepreneurship, with Ihe aim of empowering individuals to pursue meaningful and sustainable livelihocxls. 2. Women Sewing Group.. Recognizing the importance of economic empow8mient and skill development for Worr in the community. we established a women's sewing group thal prowded training sewing, tailoring. and gamient maknng. This initiative not only enhanced the parkncipants, technical skills but also fostered a Sense of c2maraderie. creativity, and entrepreneurship among women, enabling them to explore income-generating opportunities and showcase their talents. 3. Children Arts and Crafts.. Nurturing crnativity and artistic expression among thildren is vita in fostering a sense of ltural pride and identity. Through our children's arts and crafls program, we engaged young in hands-on adtwties, workshops. and Pfojects that encouraged them to eWor8Afrrcan art forms, traditrons, and stories. This initialive spark thelr imagination, instilled a sense of cultural appreciation, and provided a plafform for self- expression and leaming. 4. Muslc Festival.. In a celebration of African cultural diversity and creativty, we organized a brant music festival that showcased tradTrtional and Contemporary music performances, dance, and stoelling. This event brought together diverse community ff*mbers. artists. musicAans. and spectators to celebrate the richness and vibrancy of African mu$i¢al heritage. 5. Infomiation & Advlco: Our infomiation and advice service provided crucial infomation. support, and guidance to communty members on a wide range of topics, from health and education to legal rights and social Servi8. 6. Impact and Outcom85: The co118Ctive impact of these 8divities and initiatives has been profound, touching the lives of individuals, families, and the LY)mmunity at large. By fostering communty emrnwerment, promoting cultural hltage, and providing valuabl8 resources and services, we have contributed to enhancing scJcAal cohesion, resilien, and well-being among Aftlcan communty members, particularty children, VMen, and familles. Afrfcan Communlty Herita Hub Ltd
African Community Heritsge Hub Limited Trustees. Annual Rèport (Incorporatlng the Directorfs Report) Year ended 30 Juno 2024 7. Future Dlrectlons: As we look towards Ihe future, we are committed to building upon the successes and leamings of the past year to further expand our reach, deepen our impact. and advan our mission of preserving and promoting African cultural herrtage. Through continued collaboration, innovation, and community engagement, we aim to creale a more inclusrrfe. Mbrant, and empowered African community that thrives on its rich cultural legacy and values. In closing, l extend my heartfeft gr8trtude to our deAJi(xted tean. partners. volunteers. and supporters whose passion, commFtment, and tirele&8 efforts have been instrumental in realizing our vision and making a posttive dFfference in the lives of many. Together, we stand united in our mission to build a stronger, more connected, arKI cumurally resilient African Community Heritage Hub. Thank you for your continued support and belief in our sh8red irney. Wami regards. Goncalves Mlguel Jose Chalmian, Afrlcan Communlty Herltsge Hub Ltd Trustees, report for the year ended 30th June 2024 The trustees, who a also the directors for the purposes of coff4yany law, present their report and the unaudited financial statements of the charity for the year erwJ&l 30 June 2024. About Us African Community Herrtage Hub is a community-based organisalion th8t has bn embedded in the Binningham communty for over 10 yea¥s. Our vision is for a resilient and thriving community, where we cumivate overall well-being, indusion. particrpation. a$ and equtty. As a per50fFntred organis8tion. our mission 18 to provide tailored and diverse seNices that empower our communrty to live a fulfilling lrfe and make choices aligned to their aspirations and vRII-being goals. wth deep expertise supporting [turallY and linguistically diver&e indivtdu818 and families we offer seNices that focus on brea.ng balers, supporting children and young people, ¥thng with adults and the eldedy, providing a cumurally sensitive seM¢e5. and purpose driven educalion and training. What makes us drfferent 1. Close to the communlty.. Wth a history of exlIen spnIng over 10 years, African Community Heritage Hub has been deeY erndded in the African Bimilngham community, consistently serving and supp)rting its diverse and grcy*ving n88ds. 2. Per60n<entred approach.. African Communty Heritage Hub Ltd offers t8ilored and Afrlcan Community Heritage Hub Ltd
African Community Heritage Hub Limited Tru8tees' Annual Report {Incorporatlng the Directors Report) Year ended 30 June 2024 diverse servic£s that empower Community members to live a fulfilling life and pursue their personal aspirations. wth every Se designed around the community's unique needs and goals. 3. Committed to breaklng barriord and incluslon.. African Community Heritage Hub 18 dedicated to fostering social indusion, participation, access. equity, aiming to create a thriving communtty where our users can flourish. Service mlx: We work rOsS the lifecyde of our community - helping young and old, empNering youth, supporting families and pursuing equity for our users. Our service mix is part of our value as a community-based organisation. S. Expertlse In dlversty.. Afrin community Heritage Hub has extensive $'11s, knowledge. and experience in 8uppot*ng culturally and linguisti(£lly diverse individuals and f8ffalie$ to deliver inclusive arKI aessIble seryice. Financial Review Overall financial health 2023-24 has been a difficult year for this charity and forthe whole charity sector, and like many other charitable organisations. the African Community Heritage Hub Ltd has been severely impacted by funding cut in the voluntary sector. Total incom• In total our income was £71,014. a bit more than our expectation. Despite significant challengès and disruptions, our CO charitable activities, largely Trusts & Foundations funded performed well. We manag&4 our expenditure extremely tlghtly through the year. lo ensure we remained finanoally stable. Looking fornard, the public sector funding environment will be challenging for th8 foreseeabt8 future, and there is significant unrtainlY in th8 economic Olkdook with the cost-of-living crisis. which is likely to affect our fundraising actimties. Reserves and the ositlon at the end of the ear The level of our reserves is detemiined by balanc4ng objectives.. maintaining sufficient reser¥es to enable us to carry on our work when f&ed wth difficult orcumstsnces, and ensuring we maximise the resources used for charitable purposes. Our reserves level therefore needs to be adequate to allow us to address potential losses that might arise from our charitable activities. It also needs to give us sufficient time to adjust our strategy to meel changing circumstances without UnnessarilY removing funds from addressing our charitable purposes. The high cost-of-living is the perfect example oflhe need for us to maintain a healthy reseNes b818n and it is important VR do not allow this to be used up in responding to this crisis as this will prevent us from navigating the next 'Shk" to the chaiity. The balance 8he8t shows a net asset position of £56,402 after considering the current liabilities. Afrfcan communlty Horltage Hub Ltd
African Communty Heritago Hub Limitad Trustees. Annual Report (Incorporating the Dlrectofs Report) Year ended 30 June 2024 The Board of Trust88s asse the risks African Communty Heritage Hub Ltd could be exposed to and the appropriate level of reseeS that we should maintain as a rnsult. Prlnci al rfsks and uncartainties The principal uncertainty currently facing African Communrty Heritage Hub Ltd is the impact of the ongoing of th8 high cost-of-living crisis. The trustees continue to monitor the high cosl-of-liwng crisis in the UK, and acknowtedge we are likely to fa uncertainty for some time to come. We have been effective in our reswnse during the last crisis and because of mitigations taken, African Community Heritage Hub Ltd is in good finanoal posrf(ion to manage this risK with strong Ggsh and reserves balances. The Board of Trustees has responsibility for ensuring that there are adequate and effective risk management prolocols and systems of intemal controls in place to manage African Community Heritage Hub Ltd.'s major risks arKI support the &hievement of our strategic objectives. This resw)nsibilty is discharged through a formal annual review by the Board ol African Community Heritage Hub Ltd.'s risk management and intemal ntrol framework. The Board is supported in rts assessment by the Risk and the Finance Committees, which both meet quartedy. African Communty Heritage Hub Lld.'s risk management framework 18 designed to 8UPPOrt informed decision-making regarding the risks which may affect the achievemenl of its objectives. It also provides a consistenl approach to iderrtifying. assessing, and dealing with the risks which ACHH Ltd faces to ensure that they do not exceed the level of risk ACHH Ltd is willing to accept. The framework is designed to manage, rather than to eliminate, the risks to objectives and to provtde reasonable. but not absolute. assurantx against matgrial misststement or loss. Processes in place to managè the key risks that Could affect the African Community Heritage Hub Ltd.'s ability to achieve its Objecti indude the following: 1. A risk escalation protocol is established. lo identlfy risks and ensure that, where applicable. these are included in the 'Risk registeff which is subject to regular Trustees, review. 2. The Risk Committee approves the annual risk-based inlemal audit and inspection plan and reviews regular audit reports on inlemal wntrols and risk Mag8rnent across the charily. 3. Regular 'horizon scanning. exercises are perfonn8d by the charity's board of trustees, identifying risks and emerging trends to ensure we are equipped to adapt. Structure, Governance and Management African Community Heritage Hub Ltd is a company limrted by guarantee (registered with the companies. house in England, number.. 09662329). It operates throughout Birmingham and the West Midlands as 18 a charity registered with the Charty Commission in England & Wales number.. 1166438. It is govemed by its Artides of Association, last revised in 2015. Th6 Articies of Associatton Set out the chartlable purFoses for public benefft in the following terms.. Afri¢an Communlty Herftsgo Hub Ltd
African Community Heritage Hub Limited Trustees. Annual Report (Incorporating the Dlrectorfs Report) Year ended 30 June 2024 1. The prevention or relief of poverty [or financial hardship] in the African cornmunty and wider community in Bimiingham by providing or assisting in the prrjvision of education. training, h8althcare projects and all the necessary 8UPPOrt designed to enable individuals to generate a sustainable incA)me and be self-suffiaent. 2. The alvancement of the African art, culiure, and herltage. The Board of Trustees, elected by the Members of the Associalion at the Annual General Meeting, are the charity's trustees and the legaf directors of the company. Members of the Board of Trustees serve a temi, after which they are eligible for r&election. New trustees are selecied through an open recrurtment process. which generally includes ajvertising in the community, local press, arKI online, and a targeted recruitment search. New appcAntees are given a personal induction programme tailored to their areas of expertise and govemance obligations, and all trustees are prowded wth a range of training opportunities to help them meet their resFonsits'lits'es. The balance of trustees is kept under review regarding skills, diversrty, and geographical spread. The 8oard of Trustees also places particular emphasis on appointing individuals who bring specific identified skills and experience. The Board of Trustees met 4 tlmes for scheduled meetings in 2023124 and holds occasional meetings were held to address the impact of the high cost-of-living crisis and agree the steps to be taken lo mitigate the risks to the chafiiy. The Board akn'des by the prinoples of g¢yJd govemance by ensuring that its MmIttee$ and govemance stru¢ture8 aTrJ procedures are frt for purpose as the charrty and the enwronment evolves. The remit of the committees indude: l. Rlsk Committee: Ensuring that Afrtcan Communty Heritage Hub Ltd hes effectlve intemal control and risk management systems and is operating within approved policies and the law. 2. Chlldron, Young Paoplfr's, and Vulnerable Adults S8r¥ices Comrnltte•: Ensuring that African Communty Heritage Hub Ltd safeguards and meets the needs of children, young people, vulnerable adults, and their families now and in the future, by delivering high perfomiing, high quality serviceslsolutions which achieve the best impact and outcomes. 3. Flnance Commlttee: Overseeing, monitoring, and keepirwJ under review the finanaal position of the charity to &nsure long and short-term viabilty. having regard to the charity's overall strategy and risk tolerance parameters. Ensuring the integrtty. balance, and transparency of published financial infonnation and related and supporting narrative Inforniation. 4. Income Generation Commlttee.. Overseeing African Community Heiitage Hub Ltd approath to generating sufficient and sustainable income and the delivery plans to meet its needs today, and in the future. Public Benefit In setting plans and priorities for areas of work, our trustees have followed guidance from the Charity Commission on the provision of public benefrt, in acconSan¢e with Section 17 of the Charities Act 2011. In particular, the trustees consider how activities will contribute to meet the Afrfcan Communlty Heritage Hub Ltd
African Community Horitago Hub Limited Trustees. Annual Report (Incorporating the Diredof8 Report) Year ended 30 Juno 2024 objectives they have set and focus on th8 serlices that will deliver the greatest impact to the most vulnerable people we work with. In delivering these serv1r. we dearfy identrfy the benefits to serdice users. We also monitor progress to ensure benefrts are accruing as planned. and to leam any lessons that can be fed back into the planning and delivery cycle. We have demonstrated how the African Community Heritage Hub Ltd delivers ils principal charitable objective - to prevent and relieve poverty by providing all the neSSary tools and support to enable individuals to be self-sufficienl- African Community Heritage Hub Ltd helps some of the most vulnerable people lo reach their full potentiar. Sustainability Report Carbon reduction measurés African Communiiy Heritage Hub Ltd is committed to boming an organisalion that works smartly and sustainably to reduce the impact it has on the environment by reducing carbon footprint. It has identified sustsinability as a key organisational strategic priority and has already undertaken several environmental initiatives. Last year. the 18unch of the first sustainability strategy and implementation plan have seen African clmUnitY Heritage Hub Ltd commit to reducing environmental impad acros$ 4 key areas. Travel to, from and for wort- inonlives to reduce travel to work by private or. Transport and logisti¢3 - replarAng existing car and ryunibus fleet with hybrid and electric vehicles. Procurement of fewer and greener goods - reducing paper procurement and using recycled stock. Energy use - securing all our electricity supplies from renewable SOU9$. RedurAng, reusing and recyding - a signrficant reduction in the use of plastic bags in our retail op8ration8. A sustainability commtttee has been set up. Statement of Trustees, Responsibilities The tmstees are responsible for pr8parirKJ the Annual Report and for being satisfied ih81 the financial statements give a true and fair view. The trustee8 are responsible for preparing the Annual Report and the Fin8ncial Rert in aCrdan Wkth the Companies Act 2006 and for being satisfied that the financial statements give a true and fair view. The trustees are also responsible for preparing the finanaal statem8nts in accordanf% Wth Untted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practices). Company requires the trustees to prepare financial statemerrts for financial year African Community Heritage Hub Ltd
African Community Heritage Hub Limited Trustees. Annual Report (Incorporatlng the Directorfs Report) Year ended 30 June 2024 which give a true and fair view of the state of 8ffairs of the charity and ofthe inc4ming resource5 and application of resou8 of the charfty for that period. In preparing these financial statements, the TNstees are required to.. Select suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting policies have been followed, subied to any material departures disdosed arKJ explained in the financia statements, and Prepare the financial statements on the going concem basis unle88 It is inappropriate to presume that the chaiity will continue in business. The trustees are responsible for keeping adequate 8cu)unting records that show and explain the charity's transactions. disdose wrth reasonable curacy at any time the finanaal position of the chanty and enable them lo ensure that the financial statements comply with the Cornpanies Ad 2006. They are also responsible for safeguarding Ihe assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitie5. The trustees confimi that, so far as they are aware, there is no levant independent examination information of whtch the charity's independent examirr is unaware. They have tsken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant independenl examination inf0MtiOn arKI to eStalsh that the charity's independent examiner is aware of that information. African Communlty Harftag• Hub Ltd 10
African Community Heritsge Hub Limited Trustees. Annual Report (Incorporating the Directorfs Reporti Year ended 30 June 2024 Ind8 ent Examinerfs Rg rt to the Trnstee8 of African Communl Herfta o Hub Llrnlted Year ended 30 June 2024 I report to the trustees on my exarninatron of the financlal statemènts of African Communly Herrtag& Hub Limrted {'Ihe ¢hariWI for tho yèar ended 30 June 2024. Rosponslbllltle8 and bas18 of roport As the trustees of the comp8ny {and also ils directors for purposes of MpanY l&vl you are resFonsible for the preparation of Ihg finanal ststements in accordance with the requirements of the COmpanS Act I'th8 20C6 Act'l. Having satisfied Myse that the ac£ounts of the CoMpY are not re(wir&J to be aLKliled uThJgr Part 16 of th8 2C(6 Act and are 81igible for ind8pend8nt examinati¢M. I repcft n respect of my examination of tho tharily'5 accounts as carried out under section 145 of the Charities Aci 2011 1.the 2011 Act,). In arying out my examination I havo followed the Directrons given by the Charjty Commission under SoLliM 14515llbl of the 2011 Acl. Indopondont •xamlnetrs statem•nt I have Completed my examinatton. l o)nfimi that no matt8 have ¢ to my atttion in conné¢tion with th• examination givirvj me cgu8e to believe." actounling reccfds were not kept in re5POCt of the tharity as re(wired by section 386 of the the financial ststemants do not accord with rerK)rds.' the finana81 statements do not compty with the accounting requirements ofsecthjn 3* of Ihe 2006 Act other than any requirement that the accounts gNe a'tr ar¥J fai view which 18 not matter conshlered as part of an irvjependent examinatic. or th8 financial statements havo not be8n prepared in accorthnce with the methods and prinpIeS of the Statement of Recommended Practico for accoLnling and pOrting by charities appli&9ble lo ch8rilie$ preparing their accounts in accordan with the Financial Reporting Starvjard apPIable in th8 UK and Republic of Ireland IFRS 1021. I have no trArynttems and have come across no other matters in conneclion wth the examination to which attention should be drawn in this reprxt in order to enable a w0P uThderstanding of the accounts to b8 reached. Godfrey M I Certrfiad AccTrtant) Indeper)dl Examingr li,1¥ 472 BEARIM)OD ROAD SMETHWCK WEST MIDLANDS ENGLAND B66 4HA Afrlcan Communlty Herltage Hub Ltd 11
African Community Heritage Hub Limitsd ststement of Financial Activiti8S (Includlng Income and expenditure account) Year ended 30 June 2024 2024 Restri¢t8d lurwts Total funds Total funds 2023 Unre8lricted funds Not• Income and endOwMts Donations and IacleS Total in¢om• 71,014 71,014 71,014 71,014 61,106 61,1C6 Exp8ndture Exp8ndiluro on charitable activities Total eXpendIre 63,51XJ 63,500 44,9 44,900 Net incomo 7,514 7,514 16,21% Other recognl8ed gains and Ise3 Other gainslllosses) u$8r dofinod 1 Other gainsllbsses) user dafinad 2 Net movement In funds 25,1 (11,646) 30,C61 7.514 7,514 Reconciliation of funds Total fuTrJs brJght forward Total funds carrled for•Mrd 24,490 24,490 58.347 85.1 82,837 90,351 $2.776 82,837 The statement of fmancHI activities indudes all ga5 and10s805 rgwwised in tho year. All income and expendf(ure derFve from continuing activrties. Th• note8 on p•9•* 15 to 21 forni part of th•s•flnan¢itil statement Afrlcan Community Hgritage Hub Ltd 12
African Community Heritage Hub Limitod Statement of Financial Position 30 June 2024 2024 2023 Fixod a8ts Tangible assets 10 34,844 34,844 cUent assets Cash at bank and in hand 67,030 59,516 Credttorn: amountB falllng du• wlthln cne year Not current ass• 11 10,628 56,402 91,246 10.628 48,888 83,732 Total assets106s current IlabilÈtlo8 Credltors: amtyjnts falling du• after moro than on• yoar Not assgts 12 895 895 90,351 82.837 Funds of the charlty Restricted funds Unre$trict8d funds 65,861 24,490 90.351 74.553 8,284 82,837 Totsl chlty funds 13 For the year ending 30 June 2024, thé tharily was entitled to exemptirm from di1 under $8ction 477 of the Companigs Act 20C relating to small c4)mpanies. Directors, responsibilittes: The mer$ have not required the CoMpY to ¢taIn an audrt of its financial stal8menls for th8 year in question in 8ccxJrd8nca wlh seoticffi 476.. The direotors acknowledge their responsibilities for complying wilh the requirements of tha Act with rgsF£ct to a¢counling records and the preparaion of financial statements. These finanaal statents have be prepared in awdancg vthh Ihe provisions wplicable to Compan subject to the small Comples, rlMe. These financial stat8menls were approved by the board of trustees and authorised tr issue on and are signed on beha of tho board by.. Mr. Gon¢alves Mlgu•l Jose Trust•e Th• notes on pag•8 15 to 21 forni part oithtse financial ¥tat•m Afrlcan Comnxlnity Herltage Hub Ltd 13
African Community Heritage Hub Limited Statement of Cash Flows Year ondod 30 June 2024 2024 2023 Cash flows from oporating a¢tivltl8s Net income 7.514 16,2C£ Changes in.. Trade and other (¥edilor$ Cash g8nerated from operations Net cash frc¢n cperating activiti8S 7,514 7,514 26,114 26,114 Cash flows from Investing activities Purchase of tangible 8ssets Net cash used n nvesting actiwties {16,SCnl (16,500) Net increase In cash and cash equlvalents Cash and cash equlvalents at bgginnlng of yoar Ca#h and cash equIvalts at end of year 7,514 59.516 9,614 36,047 45.661 67,030 Th• notes on pages 15 to 21 forni part ofthv• ftnanci*l statements. Afrlcan Conmmunity Herltag• Hub Ltd 14
African Community Heritsge Hub Limited Notss to the Financlal Statsments Year ended 30 June 2024 Gonoral informallon The tharity is a public benefit antrty and a wivale company limit by guarantèe, registed England and Walès and a r&Jislered tharity in England and Wales. The address of the registered office 1$ Unil 5, 1420 Gearge Strfjgt, 8alsall Heath, Bim)ingham, Wesl Midland8, B12 9RF, Eroland. Slatornent of ¢on¥llan¢ These financral Slatgments have been prepared in cornplia wth FRS 102, The Financial RepIng Standard ¥plicable in the UK and the Repub¢ of Ireland,, th8 Statement of Recommend8d Practice applicable lo ¢harrties pr8pariivJ their accounts in 8wdance with the FanCIal Reporting Standard applicab18 in the UK and Republic of IrelaTrJ IFRS 1021 (Charities SORP IFRS 10211 •)d thg Compank88 Act 2006. Accounting poll¢les Basis of prei)¥ation The financkgl statements havè been FYepar&l on the histor1 cost basis. as modifd by th& revaluation of certain financial assets and liabilities and investmerrt properties measured at fa Vall through income cf experMYilvr8. The fin181 statements are kY•par8d in $terl#ig, which is the fUlonal ojrrency of the entity. Going Goncom There are no matwial urtsrt8tnties abjut th8 tharitys abilrty to o)ntnue. Fund accountlng Unrestricted fund5 are available for use at the discretion of tho trustees lo further any of thé charivs purposes. Designated fuTrJs are unre$lricted funds earmarked by the tTUStees wlicular fuiurg project or ¢ommitm8nt. Restricted fiJnds are suty'ected lo restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one Of sub-¢lassas.' restricted irKome funds IX endowment fvnds. African Community Haritagg Hub Ltd 15
African Community Heritsge Hub Limitsd Notes to the Financial Statements (cwknoj Year ended 30 June 2024 Accountlng pollclgs Incoming r•SrceS All In)ming resources ar8 included in the statement of financial activities when entitlement has Passed to the charity., it is probable th81 the ecfjnomic benefrts associated with the tran¥action will flow to the charity and the amount can be reliably measured. The foll1n9 specific pos are applied to partIrar eAtegori8s of inc¢yn8'. inenm& from donations or gr8nls is recoJni8&J when there evidence of entitloment to th& grft, lpt is probable, and ils amount can be measured reliably. scy is recognised when receipt is wobable, arKI entitlement 18 88t8blished. income from donated goods B measured at the fair vak of the gcods unle88 thls 1$ imprarlical lo measure raliably. in Ithich case the valu& is derivgd from the cost to Ihe donor or the estimated r8sale value. Donated facilities and 58rvicgs rewgnis8d in the accounts Wh received if the valua can be relrably measured. No noLrts are indLhJed for the contributiC of general volunteors. inenme from contract8 fcy the supply of services is reLWliSed with thg delivw of tho conlraded service. This is classified as unrestrici8d fund3 unless there is a contractual requirement for il lo be spent on a partiujlar purpos8 and rettxned IF nSt, in vthich case It may be warded as restricted. Rosouwcos gxpgndod Expenditure is regniS0 on an 8cc•J81s basi5 as a liability is Yrr1. ExpanditWB includes any VAT which cannot be fully recov8r8d, and is dassifigd under h8adrKJs the statOnt of fin8ncial 8Ctivrties lo whid) il relates= expendttire on ral$ing funds 1cdeS the ctjsts of all fundraising activitigs, ever, non- charitable tr&#ing activities, arKI the sale of dated goods. axpendittre on charrt8b18 activitie8 inckndes all G05ts Irrred by a charity in undertaking activf(ies that further its charitable aims Ihe benefft of its teneficiario$, inclLMJing thosg support rStS and ¢yJsls relating to the governanr of the clwity 8PPOrtioned to charriab activf(ies. oth8r eypendituro includos all expenditure that is neith8rrolated to raising ftjndsforlhè ch nor pwt of its expenditure on charitable activttw. All costs are allocated lo exp8rKlilure cstegoriès rofl8Cting the use of the r8SOUf¢e. Direct o)sts attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned l)etween activities they contribute to on a reagonabFe, juslrfiable consistt basis. Tangiblo assets Tangible assets are initially recorded at cost, and subsequgnlly $lal&J at cost less any accumu181ed depreciatiJn and impaimienl Ioss8s. Any tangible assets ¢arried at revalu&J amounts are retxKded 8t the fair value at the dale of revaluatiffi loss any subsequffit accJJmuled dePreatH)n and subsequ& a¢cumuLqlad impairment losses. African Communlty Heritag• Hub Ltd 16
African Community Heritage Hub Limited Notes to the Financial Ststements Year ended 30 June 2024 Accounting polldes {cwKinued) Tangiblo assots (ClInUd) An increase in the carying amount of 8n asset as 8 r8suIt of a revaluaion. is rQgniSed in other recognised gains and105ses, un18ss il reverses 8 charge for impatffnenl that has previ)usty been regnised as expenditure within the Statement of financial actNities. A decrease in the carrying amount of an as¥et as a re5uK of revalualK>n, is recL)3nisod in other recoanis8d gains and Ios$6S. except to which il offsets any rXeVKS rev8hJation gain, in whKI case Ih? loss is shNn within other reccgnised gains and losses th8 Statement of financial athrties. Inwairnient of fixod assets A review for indicators of imparment is carrigd out at each repJrh"rvJ date, with the recoverab16 amount being estim8ted where such indicators exist ere lh8 carryiro valu& exceeds th& recoverabl8 amount, the Èssd is impaired accordingty. Pric¢ impaients are also reviewed for possible reversal al each reporting date. For the purposes of impairrnent teslirrfJ, when it is not possibl8 to estimale the recoverable amount of an individual asset, an estimate 1$ made of the racoverable amowrt of the ¢ash-g8nerating unit to which the 8sset balongs. The cash-gen8raling unit is thè smallest wJentffjk9b group of assets that includ8S the asset and gerat&S cash infknvs that largely IndeFKjent of the cash inflows from other assets or groups of assets. For impainnent testing of goodwlll, tha goc4JWill 8equired in a bus¥$$ Combinati is, from the 8cqui$ilion date. allocated to 8ath of the cash*eneraling units that are expected to benefrt from the synergies of tho combination, irre$Fective of whether other assets or li8biliti0s of th8 charity are assigned to those unf(s. Financial instruffl8nts A financial 8S8et or a finErrial liabilfty is reojwised onty when Ihe tharity becomes a party to the ntractual provisfons of the StruMent. Ba$ic financial instfumenls are initially recowised al the amoLNrt rl¥able or payable induding any related transaction o)sls. Current assets and crrent liabilities a subsequentty measuréd al the cash or other con$ideration exF£cted to b8 P8id or received and ncl di5cc#Jnted. D8bt in$trLrnents ¥e subsequenlty measur8d at amorti88d cost Where inve5tment5 in shares 8re publicly tr•JÈd or their fair valjo Gan otherwise be measured reliably, the investment is subsequèntly m•asLwed al fair Val with ¢hanges in fair value reLX)gnised in income and eXFenditure. All other such investmerrts a subsequently measured at cost less impaiment. Oiher financial inslrumenls, iluding deriv8tiV8s, are initl8lly rwnisl at far value, unle payment for an asset 1$ dof6rred boycd nomi81 business 18rm5 or financed at 8 rate of interest that is not a market rate, in which case th& 855et i8 measured at the present Value of the future payments discounted at 8 market rat8 of inte$l for a similar debt w)stnJm•nt. Afrfoan Communlty Herttage Hub Ltd 17
African Community Heritage Hub Limited Notss to the Financial Statements(¢tyxndJ Year ended 30 June 2024 Accountlng pollcl•8 (eofftrflnu•dJ Flnanclal Instruments (conthu Other financial instruments are subsequently measur 81 fair v81ue. with any changes reccgnised in the statement of fina1 activities. with th8 exception of hedgiry instruments in a d&signaled hedging relationship. Financial assets fhat arè mga$ured at cost or amortised cx)sl are red for objective evid8nc8 of imp8irmenl 8t thè end of eath reporting date. If there is obj8Live 8VIden of impairment, an impairment loss is recjnIsSd under the appropriate headiw in the 5tatgmenl of finanaal actNities in which the initial gain was rgcognised. For all equity insttumenls regardless of signrfKanc*, and other fka1 assets that are indivpJualty 8ignrfi¢ant. these assessed iThJividually for impairment. Olher financial assets arg either assessed indNidually or group8d on ts basis of similar credrt risk trwact8r1s1. Any rèvgrsals of impairment are recogni88d immedialaly. lo the exient that the reversal does not resuh in a carying amount of the financ4al ass8t that exceeds the carryirKJ amount would have b8én had thg impaTm8nt not previously en rgcognised. LIMIt by guarantee Donatlon8 and legacleg Restricted Total Funds Funds Reslrtcted Total Funds Funds 2023 Grants BBC Childr8n In Need Art Coun{ EnglaTr Peoplgs Health Trust Heart Of England (FOUlatIon Wesley Foundalionl The Clothw{9rS Foundatron Woodward Trust Inclusive Communities Fund Ismall) 20,128 26,280 7,798 20,128 26,280 7,798 45.057 10.917 4S,057 10,917 3.OCM) 3,900 3,000 3,91KJ 14,440 71,014 14.440 71.014 61,106 61,11 African CoMnity Herftage Hub Lld 18
African Communlty Heritage Hub Limited Notes to the Financlal Statsments Year ended 30 June 2024 Expenditure on charitablo activities by fund typo Restrthd Total Funds Funds 2024 R95trKted Total Fund5 Funds 2023 All Funds Activitiès A¢twiti&s Fuf¥Jed by Blessing SLper Mafkel Activity type 3 Activtty type 4 Activrties Funded by Heart of England FoundatDn ( Bimingham & Black County Communities) 63.500 1,540 21,400 11,370 6,800 21.4CQ 11,370 3,790 3,79) 44. 44,900 63,500 63,500 7. Expendllure on chafftable a¢tivitl•s by activity ty Activities dert8ken Total fund8 directty 2024 Total fvrKI 2023 All Funds Activities Activitios Funded by Blessing Super Market Activity typg 3 Activity type 4 Activitios Funded by 63,5(KJ 63,5C 1,540 21,400 11,370 6,800 Heart of England Foundatw l BirmirKJham & BTrk Country Communities) 3,790 44,9CQ 63,5CKI 63,5C & Staff cost8 Th8 average head Gounl of employe&8 dwiig the year was Nil12023.' Nill. No amploy88 recgN8d employee benefrts of more than £I,QUI during tho year (2023.. Nil). Trustee remuneration and expenses Afrlcan Community Heritage Hub Ltd 19
African Community Heritsge Hub Limited Notes to the Financial Statements Year endad 30 June 2024 10. Tangible fixed assetg Pnt and machin Motor VehOS Totsl Cost At 1 July 2023 and 30 June 2024 Dèpre¢lation At 1 July 2023 and 30 June 2024 Carrying amount At 30 June 2024 27,044 27,044 At 30 June 2023 11. Credltors: amounts falling duo wllhln oné yoar 2024 2023 Amals and deferred income Other creditors 720 720 9,908 10,628 10,628 11 Credilorn: amounts falllno duo after mre than one yoar 2024 2023 Ac¢ruals and deferred ino)me Olh8r eredriors 720 175 720 175 895 Afrl¢an Communlty H•ritago Hub Ltd
African Community Heritage Hub Limited Notes to the Flnanclal Ststements Year ended 30 June 2024 13. Analys18 of ¢haritabl• fund• Unre8trlctod fund8 At Gains and 30 June 202 losses At 1 July 2023 IrKome Expandrture General funds Unrestricted fund 2- degc in alcs 36,136 36,136 {11,646) 24,490 {11,6461 24,49) Gains and losses 30 June 2023 1 Juty 2022 Income Expendiiu General funds Unrestricted fund 2 - desc in alcs 19,930 19.930 111,646) (11,646) {11,646) 8,284 19.930 Restricted funda At Gains and 30 June 202 Al 1 July 2023 Income EXF)1kn Restricted Fund 1- dgsc in alcs 58,347 71,014 (63.500) 65,861 At 1 Juty 2022 Gains and At losses 30 June 2023 Irorne Expenditure ReStrted Fund 1- dasc in alcs 61,106 {44,9JO) 25,501 74,553 14. Analysls of changes in net d•bt At At 1 Jul 2023 C8sh flows 30 Jun 2024 Cash at bank and in hand 59.516 7,514 67,030 African Communlty Heritage Hub Ltd 21
Afrlcan Community Heritsge Hub Limitsd Management Inforniation Year ended 30 June 2024 The followlng pag•s do not forni part of the financlal statemen1& Afrfcan Community Herltage Hub Ltd
African Community Heritage Hub Limitsd Detailed Statement of Flnancial Activities Year ended 30 Jung 2024 2024 2023 Income and endowmgnts Donations and legacie BBC Children In Need AJ1 Coun(al England Peoples Hearth Trust Heart Of England IFoundation Wesley Foundation) The Ck)thwer$ FouThJation Ihlxldward Tfu$I Inclusive Communities Fund (Small) 20,128 26,280 7.798 3,OCQ 3,9(K) 45,057 10,917 600 14,440 71.014 61,1C6 Total incom• 71,014 61,1C6 EXditUr0 Expenditurg on charitable actlvili•s Wages and 8alarYas Rent Other motorltravel costs Legal and prOfeSsnal fee8 Telephcne Other officè wsls Volunteer Expens85 TrainirKJ Exhibitions Adminstrative ExFenses SuFplement8ry Classesl Homework Chjb Sewing A¢livitie$ Hirg of Music Equ¥ Professional Fees Sewing Machines & M*erials Young People Music Activti 11,500 4,600 4.3CQ 7QO 21,4Th) 2,140 730 5,230 870 13,100 720 3,8C4) 930 6,800 6,450 4,250 63,5C() Total expendiiur• 63.5 Not Income 7,514 16,206 African Communlty Herftsge Hub Ltd 23
African Community Heritage Hub LNnited Notes to the Detailed Ststement of Financial Activiti8s Year ended 30 June 2024 2024 2023 Expendltur¢ on charftablo actlvltles All Funds Actlvtties Activitles undertakgn dlrecely Wdgeslsalariès Direct cJ)arilabl• ivity 1- Travel costs Professional fees TelephLYJ& Volunteer Expenses Festival Artists F8es Adminstrative EXse5 Supplementary Classesl Homawork Club Sewing A¢livitie$ Hire of Musi¢ Equipment Professional Fees Sewing Machines & Materials People Mu$ioA¢tivitio$ 11.500 71Kl 13,11Xt 720 930 6.200 2.600 6,450 1,540 Activitigs Funded by Blessing Sup•r Market Activitles undertakén dirèctty Wageslsalaries tivity type 3 Actlvlllas undertaken dir•¢tly Rent Volunlegr Expenses Supplemenly School for Chiklren 21,400 2,800 4.320 4,250 11,370 Activlty type 4 Actlvltlos undgrtaken dlrect Sewing AL#iv 6,800 Actlvltles Funded by Heart of EnglarKI Foundation ( Birmingham & Black County ConThinltl08) Aetlvltles undertaken directly Direcl charitable activity 5- olh&r molorltravel costs Dit charitable activty 5- 1é1oFknone Direct charitable activty 5- ollw offic• costs Volunteer Expenses Training 730 910 870 3,790 Expenditure on Charftable actlvltl88 63,500 44,9C(I Afriean Communlty Heritag• Hub Ltd