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2023-03-31-accounts

Charity Number: 1190991

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

KUMBA ASSOCIATION UK.

(Charity No: 1190991)

Unaudited Annual Report and Financial

Statements for the Period Ended 31 March 2023

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Table of contents
Content Page
References and Administrative Information 3
Report of the Trustees 4-5
Independent Examiner’s Report to the Trustees 6
Statement of Financial Activities 7
Statement of Financial Position 8
Accounting Policies and Notes 9-12

2

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Reference and Administrative Information

Trustees

Clara Ngeujoh Pungong

Robinson Samme Akame

Nkem Unice Nju

Official Name: KUMBA ASSOCIATION UK

Charity Number: 1190991

Principal Address:

3 Community Close Coventry CV2 1UX

Independent Examiner:

Felix Ndeloa FCCA, MBA, MCIPD Felix & Co. Accountants Ltd. 28 Coalmans Way Burnham, Slough SL1 7NX

3

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Report of the Trustees

The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Kumba Association UK for the year ended 31 March 2023. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.

Governance and Management.

The Trustees hold individual roles and form the nucleus of the Management Team who administer Kumba Association UK

The Team meets quarterly to consider and decide upon all aspects of management of the charity including compliance with all legal requirements, budgets for projects and activities for the benefit of the local community. The Teams discussions continue to include strategic planning and working towards the vision for the charity.

The Trustees have assessed the major risks to which the organisation is exposed and are fully satisfied that the systems and policies are in place to mitigate exposure to the assessed risks i.e. Health & Safety, Public Liability and Building and Contents Insurance.

Achievements & Performance.

Thanks to the generosity of funders and the efforts of Trustees we successfully gained funding for specific projects, this year particularly our very successful weekly soup kitchen Programme for the homeless in the society.

Our weekly worship Premises are clean and attractive and newly decorated throughout to meet the expectations of all who use and visit us during our weekly service. As a community organization, we were a part of the Love Your Neighbor initiatives support hub for those in need of immediate help and support during the precarious months of the of Covid-19 and had to close our doors in accordance with Government guidelines however we continued to deliver on-line service to our members.

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KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Conclusion.

We take this opportunity to thank and congratulate most sincerely all who contribute in any way with time and talents, mostly on a voluntary basis. We continue to work in partnership with other voluntary and public organisation to provide services and widen our impact in the community. We would also like to thank our charitable funders for their excellent financial support, enabling our organisation to thrive and grow, allowing us to offer a valuable asset to our local community.

Signed Name. Date.

, on behalf of the Trustees.

5

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Independent Examiner Report

----- Start of picture text -----
Report to the KUMBA ASSOCIATION UK.
trustees/ members of
On accounts for the 31 March 2023 Charity 1190991
year ended Set Number
out on pages (7-12)
----- End of picture text -----

Responsibility and I report to the trustees on my examination of the accounts of the above basis of the charity (“the Trust”) for the year ended 31 / 03 / 2023. Report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2023.

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed
Date
Name Felix Ndeloa
Relevant professional qualifcation(s) or
body		 Association of Chartered
Certifed Accountants (ACCA)

6

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Statement of Financial Activities For the year ended 31[st ] March 2023

Note Unrestricted
income
funds		 Restricted
income
funds		 Total
funds
2023		 Total
funds
2022
£
£
£
£
Income
1.2
Donations and Legacies
135
135
85
General oferings
0
Gift Aid
0
Total
135
135
85
Expenditure
Accounting fees
Venue Hire
1.2
200
500
200
500
540
1,000
Postage
Donations
Tax
19.85
70
200
19.85
70
200
Total
989.85
989.85
1,540
Net income/(expenditure)
before
tax
for
the
reportingperiod
Tax Payable
-854.85
-
0
0
-854.85
0
-1,455
0
Net income/(expenditure) after
tax before investment
gains/(losses)
-854.85
0
-854.85
-1,455
Net income/(expenditure)
-854.85
-854.85
-1,455
Transfers between funds
-
-
Net Movement in Funds
-854.85
0
-854.85 -1,455
Reconciliation of funds:
Total funds brought
forward (opening Balance
Equity)
3,688
0
3,688
5,143
Total funds carried forward
2,833.15
0
2,833.15
3,688

7

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Statement of Financial Position For the year ended 31[st ] March 2023

Note Total
funds		 Total
funds
£
Fixed Assets
1.6
Tangible Assets
Current Assets
Debtors
0
Cash at bank and in hand
3,896.79
Total current assets
3,896.79
Creditors:amounts falling due
withinone year
-200
Net current assets/(liabilities)
Total assets less current liabilities
Creditors:amounts falling due
afterone year
Total net assets or liabilities
Funds of the Charity
Restricted income funds
Unrestricted funds
2,833.15
Total funds		 £
£
0
0
4,052
4,052
0
3,696.8
3,696.8
0
3,696.8
0
3,688
2,833.15		 £
0
4,052
4,052
0
4,052
3,688

The charity is a small company under s382 Companies Act 2006 and these financial statements have been prepared in accordance with the provision applicable to small companies with part 15 of the Companies act 2006 and with the Financial Reporting standard for Small and Entities (effective January 2015).

For the year ending 31[st ] March 2023, the charity was entitled to exemptions from an audit under section 477 of the Companies Act 2006 relating to small companies. The trustees acknowledge their responsibility for complying with the requirements of the Companies Act 2006 respect to accounting records and the preparation of accounts.

The trustees are satisfied that these financial statements give a true and fair view of the state of affairs of the Charity at the financial year-end and of the profit or loss for the financial year in accordance with section 396 of the companies Act 2006.

Approved by the board on:

Chairman of the board of trustees

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KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Accounting Policies and Notes

1 Basis of Preparation of financial statements

The financial statements have been prepared in accordance with the Companies Act 2006 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards for Small Entities (effective January 2015).

1.1 Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds are unrestricted funds which the Trustees have set aside for specific purposes necessary for the future operation of the Charity. The Trustees have the power to reallocate such funds within unrestricted funds unless and until expended.

1.2 Income/Expenditure

Income:

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Where received in instalments, only amounts known with certainty are included in incoming resources. Where grants are received for future accounting periods these are deferred until that accounting period.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Expenditure :

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.

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Charity Number: 1190991

KUMBA ASSOCIATION UK.

Year Ended 31 March 2023

Costs of raising funds are those incurred in seeking voluntary contributions, grants and the generation of funds through fundraising events. Resources expended on charitable activities comprise the costs incurred by the Charity in working to meet its charitable objectives.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, and the conditions remain within the control of the Charity, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

1

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

Note Unrestricted
income
funds		 Restricted
income
funds		 Restricted
income
funds		 Total
funds
£ £ £
Income
Donations
 135 - 135
General oferings -
Gift Aid -
-
- -
Total 135 - 135
Note Unrestricted
income funds		 Restricted
income
funds		 Total
funds
£ £ £
Expenditure
Accountancyfees 200 200
Entertainment
Donations 70 70
Tax 200 200
Postage 19.85 19.85
Venue Hire 500 500
Total 989.85 989.85

1

KUMBA ASSOCIATION UK. Year Ended 31 March 2023

Charity Number: 1190991

1.3 Cash flow

The Charity has taken advantage of the exemption from the requirement to produce a cash flow statement on the grounds that it is a small charitable company.

1.4 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5 Small Items of capital expenditure

Expenditure on individual items costing under £500 may be written off to income and expenditure account in the accounting period in which it is incurred.

1.6 Funds brought forward

Unrestricted
income funds		 Restricted
income funds		 Total
funds
£ £ £
Restricted funds
Unrestricted funds 3,688 0 3,688
Total 3,688 0 3,688

1