AKORN CHARITY TRusfEES REPORT AND ACCOUNT5 FOR THE YEAR ENDIK.G ai- MARCH 2024 REGISTERED CHARITY NUMBER 1176010 Charity information Akorn Isa Fezlstefed thaTftykn En￿•7￿8nd The tharlfy Is p¥wned bythe constltytsn docymffttadapted on thi ofJafttsary2017. tharlty Rqlstrark￿, I17￿10 O NewTestsment chutth Uaptort, r D04vns PJrkand Q"Kketfield Road London E5 8NS Bartk￿. CAFBank Ltd, 25 Trlill A￿e￿tse ￿t￿.&￿Il. West."M4ifir& kent. PAEIg"4JQ Trustees Report TheTrustees presenttheir report and ac¢ounts forthe yèar ènded 31 Marth 2024 The 4ccounts have been prepared in accordance with the Jrtttunting policies set out in note I to the attounts and complywith the ¢haritys constrttthn, applicable lawand the requrrÈrnents ofthe ststements of Recommended pftrti The board of trustees are it5 directOf5forthe purwse of tompany and charity Law.ThroLtghtyJtthis report they are referred to as trustee Thetru5tee5 bdow have5erved up to yearto dète ofthts reporL Mr5 susan L￿￿n50￿ (th4irpetsLM)) Mr5 Vern Smith rfreasurerl Bishop Spencer Anderson (TnJ5tee) RwTrevor Stevenson rfnjsteel Mission Statement Akorn. through community eDgagemenL partnership ar￿ wlll Ilo all it(an to bri nsformation and build 5U5tainable wnmunities. Akorn. through communlty ereagement empowering of Individuats. and working partnership with the police, Icral authorities and other voluntsry or8￿1$?trOThS ￿11 doall that is Possible to achieve ourgoals and attsin greatersocral cohesion in our communty. Charity Objettives 111 To advance education and frfe skills development in accordance Chrisbaft principles by such means as the Management Committee rnay tonsidw appropriate in London and in 5uth other parts of the United ￿ngdoM orthe world. 121 the Mènagement Comrnittee rntyfrom timeto time asthey thinkfft and fulfil such other purpose5 whtth are exdustvely charitsbl8accor¢fing to the law of £￿aTrd and Wales and are connected ￿th the charitibSev41)rk of the Charity. {31 To relieve sickness and financial hardship and to promote and preserve good health by the pro¥ision of funds orsemces of arty kFnd indurfirothrough the provision of coun5etling and support in Londoft and ift suth other part5 of the United fingdorrt ortheworl f4} the Management CommlttÈÈ may from timeto tin* dv4elop the capacity and skills ofsocially disadvantsged groups in ourcommur¢ity tn such a way that ty are betterableto Identify. and hdp meei their needs and to participate more fi￿1¥ in scthty. 151 in particu13r but not exclusivetythrough raising a￿rtneSS. promotin& sustaining and increasing indiv7dual and collectÉve knowledge. Skills and expertise. through the practscal developrnentof ndIv￿ul1 capabilities, competences. skills and ur7derstsn(fing through fomal tralninL infonnal tslks and capacity buildins. Thetharlty aim is to irKrtase local awareTress and build eStrbr￿hed wwking relationships with lo¢al swvices wlthin the community. Organlsatlon hlstory Supported Boys 8rigade • Engagin8 local children from >14 educational and fun acbvits￿, weekty5ession5 and trips. Uprising Communty aub • Provilthng ¥aricMJS aCtI￿￿¢s3nd educational sensing skills as well as a lunch for senior uthens from the community. Annual community street Pafty. Llfezone Commtsnlry Czrttersupportgroup. pro¥7￿￿8 COUr￿e[fI￿ advice and friendship to people going through the challenge of Cancer. No Onè Eats Alont . Promding a Christm#5 Day event for the needy our tommunity. incorporating provt5ion of hot shower, clothes. a three course thri5tmas dinnerand entertsinment Macmillan AfternwnTea . Grand traditional afternoon tea to raisefunds for Macmillan oncor s4JPPOrtappeaL Conduslon Akorn ha5 faced 50rne challeFqe5 Wtth the onsetof the toft)na vinjs. However. we are still endeavouri￿ to make new linksvrithin thecommunity. Akorn have continu•J to f￿$ on the needs of OUT icKal comrnunitythroughoutthe pan*Jemic. Despite the restrictions, Akorn have cont5nued to seek out new projects and idea5 to make a real dlfferenee. Projects we ojrrentty have inthe pipelineare: Drop-in centre forthe homele55. Cafe planned to provTde Counselli￿ 8weavementsupK*xt and befri•ftdingseNlce and a telephone hèlplt Wéare also looktng into supplwn8meals to children receNingfree school meals. Akorn atsosupports Lifetone 4 uncer5UPPQrtgroup that has continued to operate online throughout the pandemiL We operate in an area wlth lots of needs. eSp￿iallY in the area of yotrth *iolence. poverty and drug abuse. We aim to make a real difference in Hèckneythrouth enCou￿1n￿3nd suptKJrbng relevant projects. Akorn will continue to work hard to make a difference to the local community. Akorn has been awarded funding towards Setting up some of the above projects. We operate in an area with lots of needs. especialty in the area of youth violencei poverty and dnjg buse. We aim to make a real differeft￿ in Hackneythrough encour4ing and supporting relevant projects. A very drfficult year. but we still believe we can make a difference. Susan Lewinson Ch8ir of Trustees Akorn Charity AKORN CHARrrY INDEPENDETr￿ EXAMINAEWS REpoKr TO THE TRUSTEES OF AKORN CHARrrY I report to the trustees on my examinatton of the accounts of the above tharity for Ihe year ended 31 March 2024 which are set out on pages 7-10. Responsibilities and basis of report As the charFWs trustees. you are responsible for the preparation of the accounts in accordano wtth the requirements of the Chartties Act 2011 (Ihe Affj. I report in respect of my examination of the Trusvs accy)unts ￿rried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Ac£ Independent examiners statsment I have completed my examination. I confimi that no material matters have come lo my attention in connection with the examination which gives me cause to believe that in. any material resFed: the awounting reo)rds were not kept in accordance with section 130 of the Chatitses Act", or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirenEnts ￿)n￿rnIng the fomi and content of accounts set out in the Chartbes (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gwe a Irue and fairf ew which is not a matter o)nsidered as part of an independent examination. I have no con￿M5 and have come across no other matters in connectTon the examination to which attention should be drawn in this report in order to enable a proper understa￿lIng of the ￿lunt5 to tE reached. Michael Rowe FCCA Flat 9 IAshby mews London SW2 SEQ Date- AKORN CHARITY STATEMENT OF FINANCIAL ACTMTtES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Not&. Funds Fun Incomin Incoming resources from generated funds In¢omlng resour¢es from ¢hartlable actNrt 120 120 142 other Income 28 Total incorning resources 164 34.OThJ 34,164 170 Resour￿ Ex nded Uprlslng ￿MMunity club Life Zone Cous•lllng 655 R•a¢h Proi•¢t 1,410 Support Costs 1,096 1,0 389 Total R•sourG05 Expended 2,￿3 2,003 expen*Jiture fortha yearf Not movement in funds 31.g97 32,16 -2,284 Fund balan(* at 1 Aprh 8,813 8,856 11,140 Fund balan¢es at 31 March 207 4q810 41,017 AKORN CHARITY BALANCE SHEET AS AT 31 MARCH 2024 2024 21Y23 CURRENT ASSETS Oebto Cash 8t bank and in hand to £10.340 £10.340 2.621 £42.621 GREDITORS: due thln c￿8 year £1.604 £1.484 TOTAL ASSETS LESS CU￿NT UABIUTIES £41,017 £8. RESERVE FUNDS UNRESThCTEO FUhlDS General fuThJ £207 £43 RESTRJCTED FUNDS Fundin9 £40.810 £8.813 U1,017 £8.8 Forth¢ year endiNJ 31st Marth 2024 the charitywas enlitiled to aurfrt exemption Approved by the Tntsiees on: 411212￿24 Signed on their trRha￿ by. s. e. £4u¥ftJ¢ ch￿ OrTn￿teeS Akorn Chatity AKORN CHARrtY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Basis of preparation The accounts ara prepared underthe historic ts)st c#)nvention. The accounts have been prepared in a£xordance wrth the sta*emeL4t of rewmrywded practice, 'Accounting and Reporting by Charthes" issued in March 2c￿5 and the prDvision$ of the Charities Ad 1993 1.2 Incoming Resour Incoming [Bsour￿ are rel￿n￿sed in the stslemwrt offinandd athths entilJem8nt has passed and the amounts are certain and meagjrable. 1.3 Mlocation of costs Dlrect acuvity cost are those costs contslbute directy to an acb"v"ty and are allo￿ted lo the ￿levant actNty. Support ￿st afe Ihose t￿)St that are ne￿Sary to d8lNer an ac%swty but in themselves do not defNer an actvity, indude ojst inojrred to rneet statutory and constitutéon8J raquiremen 1.4 Funds R&8trictea fiJn(ts represent inmefecefveo lI￿t is subjec* tcs donor restrkuons on use. General funds are available forfijthering the cause of thè Charity. FUNDING 2024 2023 Hope Beyond Grant BenefadTrust 19,000 £19,(KK) CHARITABLE ACTivmES 2024 2023 Macmillan Events Lffe Zone £120 £120 £142 £142 4 OTHER INCOME 2024 2023 Donations Interest £20 £24 £44 £12 £16 £12 Uprf¥lng ￿Mmunity club 2024 2023 Events and Activib8s Coordinatorslvolunteers Equipmeth￿raIning £0 £0 Life Zone Couselling 2024 2023 Evants and ACtiV￿e$ ChrEstry￿S Dinn Exousia workshop £443 £485 £70 £100 AKORN CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Reach Proje 2024 2023 Manna Meals Hope Church StreaminglZt)om Prayer ￿nertelePhor £1,266 £269 £195 £0 £144 £1,410 8 Support Costs 2024 2023 To18ptK)ne $of￿are stationary and printing Professional fees InsLtrran¢e AC￿untS Bank charges Subscriptions £0 £600 £100 £120 £100 £0 £73 16 £216 9 CREDrroRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 Trade cr&dttors £1.484 10 TRUSTEES None of the trustees lorany persons conn8cted IMth thèm} recewed any remuneration or reimbursement of expgnses during tha year. 10