2024-03-31-accounts - The Caribbean Collective

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THE CARIBBEAN COLLECTIVE LonneLling and tTrupporling communltles In LeIster ANNUALREPORT 2023/2024

Agenda

Annual General Meeting

1st February 2025

Caribbean Court Day Centre Leicester 2pm to 4pm Your paragraph text

1. Welcome and introductions

2. Minutes of the last AGM (27/10/2023) and matters arising

3. Reports and accounts

Chairperson’s report

Treasurer’s report and accounts for the period ended 31 March 2024

(Full Financial Report is in a separate document)

Questions and Answers

4. Trustees and Officers

Election of Trustees
Election of Chairperson Election of Treasurer
Election of Secretary

5. Keynote Speaker - Serendipity

6. Any Other Business

The Caribbean Collective

CHAIRPERSON'S REPORT

Background

The Caribbean Collective (TCC) has developed from a small self-help group of individuals meeting in homes, then becoming a registered charity, developing a local authority funded service provider with premises, and becoming the parent organisation for the Leicester Caribbean Credit Union (LCCU).

The various public faces of TCC over time include Leicester Jamaica Community Service Group (LJCSG), West Indian Senior Citizens Project (WISCP), and Caribbean Court Day Centre. We became a Charitable Incorporated Organisation (CIO) in March 2019 and the organisation’s name was formally changed from LJCSG To TCC in May 2022.

The Caribbean Collective is now one of the few Black-led organisations in Leicester that has stood the test of time and has been able to celebrate a 50th anniversary. We must never forget the pioneers that laid the foundations for what we continue now. Let them remain a central part of our motivation.

Gala Dinner - 50 years as a registered charity

On 27th April 2024, TCC held a very successful and well received Gala Dinner celebrating 50 years as a registered charity. Over 130 people attended and were very well fed and entertained. The positive feedback was ‘off the scale’ and we have been asked to make this an annual event, which we aim to do. Amongst the special guests In attendance was the Lord Mayor and Consort and surprise appearances from cricketers Sir Andy Roberts and Sir Viv Richards. The Jamaican High Commissioner sent a special message of congratulations, and we had much appreciated support from The Antigua and Barbuda Tourist Association.

Other 50th Anniversaries - The Leicester Caribbean Credit Union and The Contrast Steel band also celebrated 50th anniversaries in 2024 and TCC trustees and members took great pleasure in celebrating these landmark events with our partners and fellow community Institutions.

Day Centre and Satellite Activities

Day care attendance has been gradually increasing and reached near capacity towards the end of 2024. TCC has continued to deliver a wide range of activities and events for community members attending our Day Centre. Specialist contractors provide weekly in-house sessions of exercise, arts and gardening. We also take the day centre attendees on weekly trips to shops, parks and other places of local interest. In addition, this year we also went further afield with trips to Birmingham, Skegness, Derby and a barge trip in Birstall. We have also hosted fundraising social events at the Day centre on Saturday afternoons.

Managing the day centre remains very challenging for volunteer trustees who

divide up the role in the absence of sufficient funds to pay for a centre manager. This has meant that at times it is difficult to meet the exacting demands of regulators as well as the high standards we aim for. This ongoing challenge will be addressed by the trustees as a core objective for the upcoming year.

Our external work this year included our volunteers facilitating group work programs with local groups of elders (The Silver Strand and Click). This was an oral history project involving elders and school children and supported by the Heritage Fund.

Details of our other National Lottery funded projects are outlined on page 8.

Seniors Day Dance

Following discussion with a local peer lead women’s group (The Exotics) we identified that there was demand for a new type of community gathering. We contacted a local community managed venue (The African Heritage Alliance) and very quickly arranged the first event. We are pleased to report that the initial event was very well received and attracted more than 130 people. Now an increasing number of attendees attend the monthly ‘Day Dance’ events which we continue to help facilitate and promote. This is a testament to the value of our partnership working.

Elders Transport Fund And The Bus 100 Initiative

The Elders Transport Fund has been developed to replace our existing transport arrangements which are inadequate for our needs and goals. A range of fundraising events and initiatives have contributed to the fund which is held with the Credit Union. Grant applications have so far been unsuccessful, but will continue. We are hopeful of more success this year. The latest development is is the Bus 100 initiative which aims to recruit 100 people to make monthly contributions towards the leasing of a new fit for purpose bus.

Partnerships

The Caribbean Collective continues to work in close partnership with other community groups and organisations including The Credit Union, various elders’ groups, island groups, churches, especially New Testament Church of God, and a special bond has been formed with The African Heritage Alliance who manage the African Caribbean Centre on behalf of the community. As close neighbours, we have many opportunities for collaboration and for mutual support; for example, Caribbean Court service users attend the Wellbeing Hub once a month and the Day Dance once a month. The TCC also prioritises the ACC to deliver activities and events such as our Gala Dinner, which was one of the first major events to be held at The ACC under community ownership.

Eric Hudson Green Space Project

This initiative has had limited success this year. However, spring and summer planting brightened up the grounds of Caribbean Court once again. Volunteers are few and far between and autumn and winter planting did not happen. This initiative is crying out for a green fingered champion.

Strategic Plan 2024-27

This plan was developed during 2024 and sets out our mission, values and strategic priorities for the future. This plan will enable TCC to draw on the experience of 50 years of service to continue to grow and deliver community health, wellbeing and cohesiveness whilst celebrating our African Caribbean culture and heritage. We aim to be enabler, facilitator, champion, and server to our local communities.

I conclude with a vote of thanks to:

Volunteers - Thanks to our pool of dedicated volunteers, without whom we could not deliver the range and level of services that we do. We still need more like them, so feel free to join or encourage others to join us.

Staff - Thanks to our small dedicated paid staff team, who have worked hard to maintain a good service under ever challenging conditions.

Trustees - Thanks to all our trustees, a truly remarkable team of volunteers with an emphasis on team. Trustees have pulled together once again to meet our many challenges throughout the year. Our greatest strength is unity and the absence of negativity.

Our Secretary - Thank you to our secretary who ensures we remain business-like and have good standards of governance, despite working remotely from London and even abroad at times.

Our Treasurer - Thank you to our treasurer, who has ensured we have kept on top of our finances and ‘in the black’ throughout the year, whilst also having a handson operational role within the centre.

Donations - Finally I would like to thank all those who make regular and one-off monetary contributions to support the work we do. And a special thanks to those who have signed up to the Bus 100 Initiative. We need many more to sign up to be assured of first-class transport arrangements for our esteemed elders.

The Caribbean Collective

TREASURER’S REPORT

I am pleased to report that this has been an exciting year which has seen us complete a great deal of new community activities (See Chairperson’s Report). Overall the 2023-2024 has been a stable financial period with our income from letting kitchen and office space together with fees for day care services offsetting our operating costs. Our cleaning cost vastly increased due to the new arrangements made with PA housing, however the increased payments we will receive from them will be shown in the next accounting period.

While there has been significant project spending this year to fund the delivery of a wide range of community activities, you will see from the audited accounts that the majority of the end of year balance is made up of restricted funds from the National Lottery and the Dementia Program Board. The relatively small unrestricted balance of £7,680 includes the total cumulative trustee donations of some £4000 absorbed within the Other Income heading on pg. 5 of the accounts.

The current and future financial periods are expected to be far more challenging. Increases in the national minimum wage together with current insurance and rent costs is problematic, as these costs are difficult to pass on to our vulnerable client group. Next year we will see further increases in the national minimum wage and employer national insurance contributions while our monthly premises rental may also increase.

As our current financial period draws to a close, our budget planning indicates that our finances are under some stress. To address this situation we will be reviewing spending in the final quarter seeking to reduce costs and preparing a budget for the 2025/26 period to reflect the expected increased operating costs.

The Caribbean Collective

RISING TOGETHER - OUR NATIONAL LOTTERY FUNDED PROJECT

The second year of our project has been far more successful as regards consistent staffing and overall community engagement.

The Steel Pan sessions continued to be popular, leading to some interesting developments. We began sessions where our elders and school children (aged 7-9) learned to play songs together. This culminated in two summer performances one at the school and another at a community event.

Community Information Technology sessions were started by volunteers which included focussing on our community members in residential care. The residents were also supported to access our weekly on-line Caribbean Catch up sessions. Our community links enabled us to locate more people of Caribbean heritage in other care homes, so this area of work will continue to grow.

Community Wellbeing was contributed to by addressing a range of health-related issues including dementia, diabetes and hypertension. We continued to build relationships with community organisations and health providers. Some of the events in which we participated include a dementia information stall at the Mental Health and Social Isolation Conference 6th February 2024 at King Power Stadium, attended by 300 people. This was repeated at the Memory and Dementia Information Event 6th May 2024 hosted by Age UK at the Braunstone Civic Centre, with 150 people in attendance. This was followed by another dementia information session at the Mind Body and Soul Event , 6th June 2024 hosted by New Testament Church of God, attended by 120 people.

Our Cognitive Stimulation Therapy based programmes (Livity programme) which address dementia were each delivered over 14 weekly sessions with a total of 30 participants. Two of the programmes were delivered at our Day Centre with the others taking place at two local community centres namely the Pakistani Youth and Community Association and the Bangladeshi Youth & Cultural Shomiti.

Future planning for year 3

Continue intergenerational music sessions where older adults and children can learn to play together.
Provide a minimum of 80 digital literacy sessions to people living in Care Homes.
Deliver at least 4 updated Livity programs which will now include an enhanced physical activity aspect.
Embed the monthly Day Dances for our community elders aiming to increase the numbers able to attend.

THE CARIBBEAN COLLECTIVE Statement of Flnanclal Actlvltles for the Year Ended 31st March 2024 Note$Jnrostrlcted Rostrlctsd 2024 2023 Incomo & Expendlture Incoming R080ur¢os: Sales National Lottery Grant Dementia Program Board Grant Rental Income Donations Bank Interest Other Income 149,642 149,642 35,810 127.732 17,962 25,OC 35.810 15.660 15,680 2.178 168 789 4,940 4,940 Total Incomlng Resourc0• 171,031 30,810 206,841 173,040 Resource8 Exynd•d: Dlr8¢t Charltable Expendlture 141,372 29,125 170,497 123,131 Management & Admlnlstratlon 19,990 31,838 51.828 12,115 Publlaty 2,173 656 2,829 355 Totsl RMour¢e• Expendod 163,636 61,419 224,964 136,801 Not Movemont In Funds 7,496 1-25.6091 1_18,114) 37,439 Fund balance brought lorward 41.346 41.530 4,091 Fund balance carrlod forward 23,416

THE CARIBBEAN COLLECTIVE Balance Sheet for the Year Ended 31st March 2024 2024 2023 Notes Flxed Assets T&ngib16 Fixed Assets Current Assets Debtors Cash al Bank 24.116 42.230 24,116 42,230 Current LIAbllltle8 Credit5 700 7CQ Not Curr¢nt Assets 23,416 41,530 Nfrt Assets 23,416 41.530 Represented ty.. Unrestrl¢ted Ineomè Fundi Genèral Purposes Fund 7.680 R••lrl¢t•d In¢om• Fund• Nalinal Lottery Grant Dements'a Program Board 4,877 10,859 18,346 25,000 Total Fund• 23,418 41,630 The finanoal $tat*m•nts have b¢en prnpared und?rthe hlilorlral cost wnv•n16on, and lollow lh¢ Tecomm¢ndationJ in A¢couniing and R¢porting by Charili•s.. Statèm•nt of R•commenthd PrAetic• i¥$u•d on IAareh 2005. Approved and signed on bahalf of the trustees by,, Signature.. Prfnl Name .. Positi .

OUR TRUSTEES

----- Start of picture text -----
Albert Blake Lesley-May O. Derek Rawle Gloria Daley
Sanneh
Michelle Lowe
Ivy Hamilton
Sandra Stanley Charmaine Blake Lovona Brown
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Our trustees are all unpaid volunteers who spend from 10 hours a month upwards helping to manage the organisation.

The Board of Trustees needs skills and experience in the following areas:
financial management, income generation and enterprise
national and local government and statutory bodies – funding and quality
marketing and publicity including digital strategies care of the elderly
food operations
service delivery and customer care
human resource management
fund-raising
facilities management
Health and Safety and hygiene compliance
- If you feel you can contribute do let us know by contacting the chairperson at: albert@caribcourt.uk

We provide services that enhance the health and wellbeing of those aged over 50 with particular emphasis on the African Caribbean heritage community. We have developed expertise about our elders and we understand their needs, aspirations and the challenges they face every day.

Caribbean Court Day Centre offers social, leisure and educational activities including exercise sessions, singing, dancing, workshops and outings. We are open five days per week from 10:00 am to 3 pm. We provide lunch, stimulating activities and other support services. We have introduced a program (Livity) based on Cognitive Stimulation Therapy (CST) which improves the health and wellbeing of those living with dementia. We pick up and drop off clients attending the Day Centre with our specially adapted minibus.

Caribbean Court Kitchen provides nutritious, delicious, freshly prepared Caribbean meals delivered direct to our customers' homes.

Caribbean Catch Up provides online gatherings involving games, quizzes, music and chat. This aims to reduce the risk of social isolation and loneliness.

Our services are monitored by Leicester City Council and we comply with their Quality Assurance Framework.

WAZOBIA - Caribbean

provisions Contact us: and Fish 2 Door - Fresh fish info@caribcourt.uk deliveries 0116 298 2339 www.caribcourt.uk

THE CARIBBEAY COLLECTIVE Financial Statement for the Y¢8r Ended 31st March 2024 Regiered Clwity No. 1182669 (CIO Registration) CONfENTS PAGF, t£gal and Administrative Trustees. RepK)rt 2to3 Examiners, Rert Stal¢m¢nl of Finanrial Activiti¢5 Balance Sheet Notes to ihe Financial Ststemenl 7t08 BrandoD Aci¥Jmw¢y Limited. iiewsÉer&l in Waks. Corttpary No. 4639953

THE CARIBBEAN COLLECTIVE Legal and Admini8trative Inf4)rnation for Ihe Year Ended 31st.March 2024 AddrtS%: canben c(M Day Cents 29 SPkh0¢ Stre¢t Ix1eeer LE2 OTD Registered Charity No: 1182669 {CIO Registration) Sur¢t8ry: IKsley.May Olonod¢ Sann¢h Trustees: Vincent Blake. Chairperson De Rawl¢ Gloria Daley Huma Hamilton Leslo'_May Olonode Sant C1]arne Blak"e "chelle Lowe Sath Stshlev Fred Clthe-Bapiste- resigFEed Banken.. Unity Trust Bank plc Four BriDd]Lyl&c BI 2JB tndtpendent EiamiDtrs: BTaDdon Arxountancy Litnited 24 Littleth(Mpe Wdlenball Wixxl C.oi'enbv CN..? 3GG page I

THE CARIBBEAN COLLECTIVE Trustees, Report for th¢ Year Ellded 31st Marth 2024 Th¢ ttustees prese4rt their annual ieport along with the fillallcial statements of the chatity for the year ended 31 st Nlarch 2024. The Trnstees have adopted the proiisions of the Statement of Rec1]mendeAl Practice (SORPJ 'Ac0)u8 and Rwbng by Charitses. ISSU in M&¢h 2005 in pr¢partng the annual report and finallclal statements. The financial swements hai".e also been Prepared in )rdance with th¢ a(ounting policies set out on page 7 and compty with the charities constitution gnd applicable accounting statkdards. t£icester J&na¢ia C.ommuniTh. SeTrice GTOUP w&s rwst¢yed as a CIO Re8iStratson Charity on 28tb Nlarch 2019 undu llumbe4 1182669. The constitution dated 191h March 2019. All a&th have now been transferred On 2nd Nlay 2022 the cbariry changed its name to The CaTibFan Collective and will continued to be re[eted with the Chwity COMMI0 undu the number 1182669. . Objects of the Charity l. To benefit the residents of the City of t£11 and sutrounding th'stiiGt5 by PToiqding f11}tieS and svvice for recreatio4 educatioll leisuTe-tillye oCcup10n of life of these Tesidents. Th¢s¢ f11]tieS and sMiS will be providal without dislm¢tion of sc& sexual orientiOn. race or of political. religtous or other opinions. ? The relief of povety a1 poor health aongSt wple iesidellt ill the Cty of Leicester and surrowMlin8 districf by prosiding fLIttieS and services calculdted to relieve the needs of such persons, 3. The profftotion of equajity aDd th'vetsity foi th¢ public b¢nefit by &tiTriti¢5 to foster understan(ting b¢twe¢n wpl¢ from di1.¢ b¥k8rounds within the Cty of L¢icest¢r and sounding distsirt.. Acdi4des The chariry (also know as C.8ribbw Court) proiides services that enhanc£ the health and wellbeing of those aged ovu 50, with p2rticulBr eMplSIS the Afii"cmiCaribbeaD heritage commEJnity. The ch#rity' also promotes understalldiDg of pcopl¢ from dii¥eTse ba¢k8round8 aftd differcnt agcs by DTganizing cultUTal 'ents. Our beneficiaries reside within the City of Leicester and sum)unding Org8ni88tion The trustL*S who have SVed during thc year 8re set out on page l aod meet on a regular basis. The trust¢¢5 hav¢ ultimate control all tk affai of the charity. Achievement and P¢rfornwic¢ The statemart of finart¢i activities for the year is set out ¢)n pa8e 5 of the ffnancial slat¢tnenls. In summary, the incoming ffsources for the year amounted to £206.841 (2023 - £173.040), with the major portions of Income cotne from grants awMI sales. The Expenditure wa5 £224,954 (2023 £135,601). with the main expense b¢in8 saIles. gnd seneral rEll1n8 costs. Reserve Poli¢y The trust¢¢s have review¢d the reseryes ot" the ¢lwity. This rcvxew ertcompa&sed the nanue of the income and expendilur¢ str¢am8 th¢ n¢ds to match variable income Ivith fixed COllJlllltmeDts and the nabjre of the reseryes page 2

TIiE CAIUBBEAY COLLECTIVE Trustees, Report for the Ye&r Ended 31st March 2024 (Continued) Rlsk mallagtment Th¢ trt¢¢S condocts its ov4n r¢view of major risks io which th¢ centre is ex[X)l. I1 procedures are p10d]CallY r¢view¢d lo eosure that they sttll med the ne&Js of the Chlty and are as follows.. all annual review of the risk.s w.¢ the thTty may fe. the establithment of 4'stans and wi)c¢S to mitigate those risks idtifie4. the impl¢Tnentation of Pr{Keth designrAI to ]nImse any pthethial impaL# on the Ch1 should any of the risks mat¢rialise Trnstees, responsibilities in relation kn the ststements 'the law applicable to tharitt¢s in England and Wales requires the trustees to prepare finallcial statements for financial yew which shows a tn •d fair iiew of the charities filiancial acts"vilies during the year aDd to its £naticial position at th¢ >ear In Prepry finmcial ststeJneDt the trustees should follow best practice aud: select suitable accounting pots.cies and then appty eonsistthtl>" moke Judgment and esrimates that aTe reasonable and wuts)tr. state whether apphcable cOUnting Standwds havc been followed subjcct to any material departures dis£losed and explained in the fin8ncia] stst¢m¢rf; Ptepate tbe financlal sW¢ment OJJ thc going concan basis unle&s it is itwpropriate to presuvn¢ thal the chatity wryll conttnue in opuion. The truste¢s are r¢sponsAble fot proper accounting records wbith disclose with Te4sonable the finanGial position of the charlty whith enabk them to ensure that the finaJ3cial statements comply with the applicable Charity rulings. The trustees 2re also resp)nsible for Safegding the ass¢ts of the charity and h¢nc¢ foi takutg r¢asonable stq>s for thc prnThtioll and detection of fi8lld aDd other inEgulariti¢s. llldeptndent Examiner Brandon Accountsncy have exwessed their wYllingne&s to wntinue as exa]nerS and a resolution for their re-4)POilltment WAII be propos&J at the fOrthlfig 8m)ual ger1 meeting. Approved and Cd on behalf of ihe Tntss by.. Print Name . ... Position pag¢ 3

THE CAIUBBELY COLLECTIVE lodependent Examiners, rewjrt to the Tntee5 of The Caribbean Colleetive in rospeet of the yeAr ended 31st March 2023 l Teport on the account for the ye8r enikd 3 1st Marth 2024 set pages 5 to 8. Respective responsibiliti&s of trusteu and euminer lTre clwity's ttustees are Tesponsible for the prq)ar8tion of aOlt& and Consider that an audit is not required for the yw under &ctioD 144 of the Chatiti¢5.Au 2011 aud ao ind¢pend¢w examination 15 reqllir. HaNryng Gh¢cked that the CEity Is ¢li¥ible for and indedent ¢xatllinWOn. it is my r¢sEX)nsibility to.. Examtne th¢ accounts undLT Se10 145 of the CFwities Act to follow. the wocolur¢s laid down in the general Ditectiou given by the Clty Commissiom und¢r S¢¢tion 145 (5)(b) of the Charities ALX 2011. to stat¢ whether any particular mattus have come to my attention. Basis 00 the independent examineTS' report My &xamination was out in accordance with the general Directions Eiven bv the Charity CoillTnission. The eXaMioll includes a rn4ev4' of the accoullting Te£oTds kept by the charity a omparison of the accounts pr&$t¢d with those r¢cord& li also includ¢s c4)Dsideration of any unusual items or disclosures in the account4 and se£kivtg explanatioDs from you as truslees any such matters. The procedures Undertak does not pT0dtr all the cNidcnce that would be required i an audit, aud consequently no oplOn is gi%en as to whethu the xcowlts present a and fair. N'iew and the reFKt is limited to those mters set out in the ststellts below. Independent examiner's statement In ¢i)nnection with my exa[nin(l no matter has come to atteniion (other than that di10Sed below).. (l) whicb wv¢s me re&sonable cause to believ¢ thaL in any erIal resp1, the rty4uirements.' to keep accounting records ill cOrdanCe wtth Section 130 of the Charlties Act.. to PTcpare accounts which accord with the acCoUg tecords and comply with the account8 Tequiremenls of th¢ rev¢nant Charities Art have I met.. or {2) to Tryhic An my Opinio attentton should be drawn ill ordtt to etthle a proper understandin8 of the accounts to be reached. J Bra1() Bnmdon Accountancy Litnited 24 Lilll¢thotpe Willenl)all W'ood Coventy CV3 3GG 7th Septevnber 2024 page 4

THE CARIBBEAN COLLECTIVE ststement of Flnanctsl Actmtles for thè Yèar Ended 31st M•r¢h 2024 NotesJnmtri¢ted Restricted 2024 2023 Income & Expendltur• IncomAw Resources: Sales Natmal Lottery G1 Dementia Proarn Board Grant Rental Income Donations Ba Interest Other Income 149.642 149,642 35,810 127.732 17. 25,C((J 35.810 15,660 15,660 2.178 789 Totsl Incoming Resour 171,031 35,810 206,841 173,040 Resources Expended: Direct Charilabie Expendilwe 141.372 29.125 170,497 123,131 Management & Administrai 19.990 31.638 51,628 12,115 Put4icity 2.173 2,829 T¢)tal Resources Expenql 163.535 61,419 2¥954 135,601 Net Movement In Funds 7.496 (-2S.r9) {-18,1141 37,439 Fund balance brought fon¥ard 41.346 41.530 4,091 Fund balance carrled fiwan5 15.736 23,416 41.530 The notes on pages 7 to 8 Trn wt of this statem8nt page 5

THE CARIBBEAN COLLECTIVE Balance Sheet for the Year Ended 31st March 2024 2024 2023 Flxed Assets Tangible Fixed Assets Current Assets Debtors Cash at Bank 24.116 42,230 24.116 42,230 Current Liabilitles CredItS 71x1 7CQ N•t Currnnt Assets 23.416 41,530 Net Assets 23,416 41.530 Represented by: Unrestrkted lth)me Funds General Pu0$eS Fund 7.680 Restrlctfjd Incom• Funds Natinal Lottery Gra DeMlIa Prwam Board 4.877 10.859 16.346 25,000 Total Funds 23,416 41,530 The financ1 statangnts h¥v¢ lJe¢n prEpar¢d urthrtr* hislorical w3lw¥entson, and follow tt recommendaticms in AccourrtirwJ and ReprKkn9 ty Chantie5.' Slatemerf of RatrA>mmended Pr3Ctic8 is$uéd on March 2005. Approved and signed on behalfof ts trustees ty. Signalure.. Print Name .. posit# . The notes on pages 7 to 8 fcffii pa1 ofthis ffflancial skteme page 6

THE CAR188EAN COLLECTIVE Not8S to tho FinaKial Statement for the Year Ended 31st March 2024 Not8 1 Accountlng polici (a) The finaal statements have l)een wepared in accordte the s&eMent of Recommended Practice (SORP) . P£counbrb3 and Reportwig by Chp4ities' published in Mar( 21 and olher accourtsig standards. (b) Voluntary incoffle is lled by of donaticS and gifts indLJe in full in the Siatement of FInarla1 Activrties receivaL. The value of SeIceS provided by Voluntee has nLFt been indutsj. (c) Grants. incfuding grants Ihe pwdiase of fixed assets. are renIsed in fijll in the Statement of Fina81 ¥theS Mi the ar they are receNatAe. (d) Incoming resources from Investmts is IrKI when receivable. (e) Resources expended are reccwjnised in the pehLNJ In whlch Ilw are IncUed. Resources expended include attribulable VAT canrwx be recovered. lfj Resources expensed are allocated to the partar activity vthere the o)st relates directly lo that actiwty. {g) De[a is FxovDJed * r$ CalCated to bwite off the cost of each asset OV tts ex useful lrfe. (h) UNestricted fvnds are dorbations and other in(xng resou receivable or generated for the obiecls of Ihe Tity further sFofied purpose and are avalable as (i) Designated funds e TeSt[j lund5 eIked by the management committee for parti(ar purposes. (J.) Restricled funds are to be used speofK putF)ses as laid do by the donoF. Expenditure vlhith rneets these lIe[la is [ged to the fund. together with a fair allocalion (rf malagenwrt aKI Supp costs. Noio 2 Toxatlon As a tharity. The Caribtrtan Colleclive is exempt from CtiOn Tax on income and gains falling vthlin SectFon 505 of the TaxalÉon and Cweable Gains Act 1992 to the extent that these ar*d to its tharitable objects. page 7

THE CAR18BEAN COLLECTNE Nolos to the Flnanclal Statement for the Year Endod 31st Pknrch 2024 N¢X• 3 DFTOCt Charftsble Expondliure Salaries NIC Pensic Unro8trict•d Ro¥tr1¢1gd 2024 2023 56.168 22,950 79,118 632 532 6,201 3.675 29.230 244 74,077 532 5,573 Sessional and Volirteefs Expenses Rent Rates Heat and Light Telephone Inlem8t EquipnTrnt EquitXrrt Hire Food Catoring & Refreshments Vehtde Expenses Activities & Enl8rtair¥wrt Consultants & Prc{essic¥ Fees Volunteers Travèl & Expwtses 192 4.763 628 3.675 29.2 244 13.140 1,189 1.189 323 1,193 20,615 5,203 1,012 33.469 10,846 704 1,TT4 1,012 33.469 10,846 2,576 1,774 1.872 230 141.372 29.125 170.497 124131 Note 4 AlaweThnt & Administratron H M R C NIC Outstanding Debt l T EqUent and SupFKYI Premisas Mainten81 Cleaning LicerK* and Subs(fiptbor Administration Training Costs Printing, Post Ststior Insurance Tra1 & Transpyt Co&s Development Fées Year End Accwnts Bank Charges General Eynses 1.491 2,400 2,054 305 4,809 357 578 1,491 288 8,978 8.978 1,&51 25 134 1.131 3.179 6.295 979 134 1,131 15. 2,571 71x1 174 13.295 12. 2.571 700 83 174 11,257 19,990 31.638 51,628 12,115 Note S Croditot8 Year End AcrxNJnts 71x1 7iy) 700 71M) 700 Note 6 D8btor¥ Note 7 Bank Accounts Business Reserv8 Ao>)uts Current ACcots 2.024 1023 10.4S) 13, 24116 pag9 8