Charity regiglralion number,. 1191113 Afri Green Centre Annual Report and Financial Statements for the Year Ended 30 April 2023
Afrl Green Centro Contents Reference and Administrative Details Tru91ee8' Report 2to4 ststement of Finandal Activities Balance Sheet Notes to Ihts Flnanclal Slatemenl$ 71012
Afrl Green Centre Ref•rence and Administrativo Detalls Ch•irni•n Mr L M Sengi Trustsos M8 M M Ilambè Mlss A G Mulopo 1191113 Ch•rlty R•gl•tratSon Numb•r Prln¢lpo10ffl¢• Alpha House 100 Borough High Streèt London SE1 1LB Bank•v• Bardays Bank PIC 7 High Street Doncaster South York8hSre DN1 1EG Page 1
Afrl Green Contre Trustees. Report The trustees pregenl the annual report together wlh the financial ststements ol the charlty forthe year ended 30 Apiil 2023. Obloctlvo• gnd •cllvltl•8 QbJe¢ts andaims To further or beneffit the residents of London and the surrounding area, Ylthoul distinction of sex. sexual oThentalion. race or of polillcal, religiou¥ or other opinions by 3s8ocialing logethef the sald resldents and the local aulhoriliey, voluntary and other org8nisation8 in H common effort to advance education and to provlde facS1ities In the inlere81s of Social welfare for fecreallon and lei9ure b.me occupation wrth the objective of Improving the condltlons of life for the re3idenls.' All our ch8rltsble advlle8 are ulldertoken to further our charitable purpose forthe publlc benefit. Public b•nellt Wh•n planning the 8etlvllles for the period the Iru8lees have considerad the Commlsslon'8 guldance on the public benefit. Th• trtsstetrg confirm that they have compli•d with the requlrementg of jection 17 of the Charitie5 Act 2011 to have due regard to the publlc benefit guidance publSshed by the ChArlty Comm1881on for England and Wales. A¢hl•v•m•nt• and pfrrform•nc• Durbng the year the ch8rily has helped the communlty wKh educaUon, employment. ¥dre and $od¥l welfare. Flnanclal r•vhw Income for th• year was £24,36212022 £2251 and expendrture wgB £27,36212022 £2391. The charfty had a doficil for Ihe year of £2,49712022 £14 The tharity had negatlve funds of £2,308 al year end duè to an oulstandlng PAYE balance. The liability ha¥ been reduced since Ihe year end and the trustees hav? tsken ¥tep8 lo Increa8¢ donaUon8 during the current year. Polley on r•s•rv•s The IN$lees have establlshèd a policy whervby the unrestricted funds not committed or Invested in tangible fixed 895ets held by the charlty should be at lea31 six monlhg of the resources expended. Al these levels the trustees feel that they would be able lo continue the actlvltles of the charity in the event of a drop In funding or income. The board vlll endeavour to increase the reserves to Jix months of resources expended. Structur•. gov•rnante and manag•mgnt Natur• of governing documont The charity 18 constituted as a Charftable Incorporated Organi54tion. Recrultm•nt and wpolntment ol trustees The charlty is governed by a board of Iruslees who cary out their role on a voluntary baBls. The members or the charity tru$lees may at any time decide to appolnl a new charfty Iruslee. Page 2
Afrl Green Contre TrustgQ8' Report (continued) Inducthjn tr•lnlng oftru8tees AJI trustees are given all the relevant advlce and infcThatlon to enable them to carry out thelr dulles. Major andManagenn¢ of thos• nTJks Cash Ibw rk The ch8ntYs actbvlties expose il pnmarily to the financial risks of ch8nges in inteiest rale$. Interest bearing assets and liabllttses are held at fixed rale to ensure certalnty of Gash flows. Page 3
Afri Green Centre Trustees. Rgport (continued) ststgmgnt of Tru•to0s' R•8ponBlbllltl•¥ The trustees are responsible for preparing the trustee5' report and the finan¢i81 statements in accordance with the UnSled Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practic•) and applicable law and regulalions. The law applicable to charfties require$ the Iru$lees to prepare financial staternents lor each finanaal year lch give a true and fair eW of the state of affairs of the ¢h8rtty and of the incoming resources and application of resources of the charity for that period. In preparlng these financial slalemenls, the Iw81ees are required lo.. select $uitsble accounting policies and then apply them con818tenUy'. observ? the methods and princlples in the Chanlie8 SORP., makejudpments and •slimate8 thal are r•asonat4e and Prudent., slate whethor appllcable accounting standards have been fc41owed, 8ubled to 4ny malerfal dertureS disclosed and explained In the flnanclal slalements., and prèpare the financial stslemenls on the oolng concem basis unless tt18 inapproprlalè to presume that the ¢harily will conlSnue In bu8lnes8. The ITu51ee¥ are responsible for keeping proper accounting records that disclose th reasonable accuracy at any Ilm8 the finanaal po8lllon of the chaty and enable them lo ensure that the financial statements comply with the Charilles Act 2011. the Charities (Accounts and Report31 Regulation8 2008, and the provisiong of the con$titub"on. The truslges are also r03ponslble for safeguarding th8 869ets of the charity and hence for taking reasonable steps for the prevention and deledion of fraud and other irregularttles. The Iruslees are r•$pon3lble for Ihe malnlenance and Inlegflty of the corporate and flnandal Information included on the charitable companws website. Legislation governing the Preparation and dl8Bemlnatlon of fin8nclal stat•menlg may dlffer from legijlalion In other Suri8dictlon8. The annual report was approved by the Irusle•s ol the charlty on 7 February 2024 and signed on Its behall by.. MrLMSe Chairman Page 4
Afri Green Centra Statsment of Financial Activities for the Year Ended 30 April 2023 Unrestrlcted fvnds Total 2023 In¢om• •nd Endowm•nts from: Donations and legacies Total Incc4ne 24,865 24,885 24,865 24,865 Exp•ndltur• on: Charllable aGtivlOes 27,382 27,362 Total exp•nditure Net expendhurè 27.362 2,497 2.497 N•1 movement in fund8 2,4971 {2,497) R•¢onclll•tlon of fund• Total fvnd$ brought forward Total fund8 carried foThArd 189 189 12 12,308 Unro¥trlci•d funds 2,308 Totsl 2022 Not• In¢om• •nd Endov•Thents from: t)onalions and leggcieg Totsl Incomè 225 225 225 225 Exp•ndltur• on: Charftsble activllles 239 239 Total expenditure 239 239 Nel expendlturè Nel movement In funds 14 14 {141 (141 R•conclllatlon ol fund• Tol81 fvnds brought forward Total funds carrled fonyard 203 203 12 189 189 All of the charity's activities derive from continuing operation$ during the above Iwo periods. The funds breakdown for 2022 is shown In note 12. The notes on pages 7 10 12 fomi an integral part of these financial statements. Page 5
Afrl Green Centr• (Registration number: 1191113) Balance Sheet as at 30 Aprll 2023 2023 2022 Mol• Current a8$•ts Cagh al bank and in hand 1,322 13,630 2.308 189 Cr•dStors: Amounts falllng du• wlthln ong y•ar Not Ill•bllltlosll•8B•ts Fund• of th• ch•rlty: Unrefjtrkt•d Incom• fund• Unreytricted funds 10 189 2,308 189 TOL91 fund• 12 2,308 189 Th• flnancSal Slalemenls on page8 5 to 12 were approvad by thè trustees, and authort8ed for issue on 7 February 2024 an(1 signed on Ihoir behalf by.. Mr L M Sengi Chairman fvls M M Ilambe Truste• m110 MISS A G Mulopo Trustee The notes on pages 7 to 12 fonn an integr81 part of these finanual statements. Page 6
Afri Green Centre Notes to the Financial Statements for the Year Ended 30 April 2023 1 Accountlng pollcl•8 Statement of complianc• The financial statements h8w been prepared in accordance with the second edition of the chareS Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the Unlled Kingdom and Republic of Ireland IFRS 1021 and the Charities Acl 2011. 81818 of pr•p•r•tlon Afrl Green Centre meets the definition ol a publlc benefit &ntity under FRS 102. The accounts Ifinancial statements) hav• been prepared under the hi¥lortcal cost convention with kems recogni8ed al cost or transaction value unless olhen•A8e stated in the relevant nolelsl to these accounts. Golng conc•rn The Iru81ee8 con8ider that there are no materi81 uncert8lnlles about the charlty'8 ablllly lo continue 05 golng concern. Income and •nd0•nts Voluntary income includlng donations. gifts. legacies and gr8nts that provlde core fundlng or Are of a gen8ral nature is r•cogni$ed when the charity has enliilemenl lo the Income. 1118 probable Ih•l the Income wll be received and the amount can be measured sufficient reliability. Donatlons •nd leg•¢1•8 Oonalion8 and legacies are reGognlsed on a receivable ba819 then rec¢ipt Is probable and the amount can be reliably measured. Exp•ndltur• All expendllure is recognised onc• there18 a legal or constructive obkg4lion lo that expenditure, rt18 probable settlement 1$ required and the 8mounl can be measured reliably. All costs are gllocated lo the applicable expenditure heading that aggregate gimllar costs to that ¢ategory. Where costs cannot be dlredy attributed lo particular heatjings they have been allocated on a basis consislenl wlh the use of resource¥. with central Staff costg 8llocaled on the basis of time spent, and depreciation charges allocated on the portlon ol the asset's uge. Other Yupport co3t5 are allocated based on Ihe spread o131aff cost$. Ch•rftable actlvltl•s Charitable expendlture comprises those costs incurred by the ch8rlly in the delivery of aclivStles and service$ for 11$ benefi¢iarie5. 11 includes both costs that can be allocated directty lo such activrties and those co818 uf an indirect nature necessary to support them. Support costs Support costs include nITal functions and have been allocated lo activity cost categories on a ba618 conslstenl with the use of regources, ex8mple, allocating property costs by floor areas, or per caplt8, Staff costs by the lime spent and other costs by Ihelr usage. Pag8 7
Afrf Green Centre Notss to the Financial Statements for the Year Ended 30 April 2023 (continued) Govgmanc• Costs These Include IhE co51s attributable to the charitls compliance conslrtution81 and $18tulory requirement5, including audit, 8lraleglc management and trustees meetings and reimbursed •xpen$•s. Taxatlon The charity is considered to pass the tests set out in Paragraph 1 Schedule 8 of the Finance Act 2010 and therefore il meets the definition of a charitable company foi UK corporation tax purposes. Accordingly. the charity 15 potentially exempl from taxation in resped of income or capital gains received wlthin categorbes covered by Chapter 3 Part 11 of the Corporation Tax Acl 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992, to the extent that such income or gains are applied ex¢lugively lo eh8rilable purposes. Cash and ca•h •qulval•nts Cash and cash equivalents comprise cash on hand and call deposits. and other short-term hlghty liquid investments that are re•dlly ¢onvertiblè lo a known amount of ca$h and are subiecl lo an insignificant nsk of change in value. Borrowlng• Inlerest-bearing borrowing& are initially recorded at fair value. n•1 of Iransacb'on costs. Inlere81-bearing borrowngs are subsequently carried at amortised cost, the difference beeen the proceed5, nel of Iran8aclion costs, and the amount due on redemptron being recognlsed ¥B a charg• lo the Slalemenl of Financial Activitie$ over the pthod of the relevant l)orrowng. Interest expense is recogniged on the basls of the effective intw?$t molhod and 18 Induded in Interest payable and $im118r charges. Borrowings are classlled as current1Sabllitles unless thè charlty has an unconditional right lo deler settlement of the liability for 8t le8St tsvelve months after the reporting dale. Fund structur• Unreglrlcled income lunds are general funds that are available for use 81 the tru8lees dlscreilon in fvrtherance of the objectives of the ¢harily. Pen•ion• and oth•r post rotlrnm•nt obllgatlons The charity operates a defined contribution penslon Scheme vknich 18 a penslon plan under vthlch fixed conlribubon$ are paid into a pension fund and the charrty has no legal or eonslructlve obligation to pay further contributions even rf the fund doe5 not hold sufficient a5set5 to pay all employees the benefits relating lo employee servic? in the current and prfor pertods. Contributions lo definod contribution plan8 are recognlsed in the Statement of Financial Activities when they are due. 11 contribution payments exceed the contribution due for service, the excess IS recognised as a prepayment. Page 8
Afri Green Centre Notes to tho Financial Slatements for the Year Ended 30 April 2023 (continued) Flnancial In•trum9nts Cla$slllc•llon Finanal assets and finanaal liabl1e$ are recognised vthen the charity becomes a party lo the ontractual provisions of the instrument. Financial liabilities and equity instruments are classffled according lo the subslance of the contractual arrangements ented into. An equity instrumentlg any contract that evid8nG88 a resldual interest in the a55ets of the charity after deducltrng all of ils liabilits"es. R•cognltlon and m•asur•m•nt Aji rinanGial assets and IBbililie8 are Inlllally measured gt transaclion price {induding Iran$a¢tion coslsl. except for those financial 88gets cl898lfled as al fair valve Ihrough profil or loss. vthich are inrtially measured at fair value (which Is normally the transaction prlce exdudlng Iransactlon coslsl, unle55 the arrangement conslilules a financlng transaction. If an arrangement conslilute$ a flnanclng Irangactlon, the financbal asset or Ilnanaal liability is measured al the present value of tho future payment8 dlscounted at a m¥rket rale of Snlerest for a slmllar debt instrument. Financial asgéts and liabiliti•¥ are onty offset in the statement d financial posllon %then, and only en there exists a legally enforceable right to set off the recognised arnounls and the tharity intends ellher lo jettle on & net basis, or lo reall8e the asset and Jettle the liability simultaneously. Finanoal a$8els ai• derecognlsed then and onty vn al the contractual rlghls lo the cash flows from the financial a88el expire or are Settled. bl the charity transfers lo another party $ub8lanllally all of the rt$k8 and rewards ol ownershlp of the finanaal asset, or cl the ch8rily, desprte having retained Somg, bul not all, $ignlficanl rtsks and rewards ol ownership, has Ir8n8ferred control of the asset lo nolher paty. Flnanclal liablllt4•5 are dereco9ni$ed only when the obligats'on ¥pecified in the conlracl is dlscharged, cancelled or explres. 2 Incom• from donatlons and l•ga¢l•• Unr•8trlct•d funds General Total fund• Donations and legacies., Donations from Indlvldu81$ 24,665 24.865 To¢01 for 2023 24,865 24,865 Tot41 for 2022 225 225 3 Expendfture on charitabl• actlv5tl•s Pago 9
Afri Green Centre Notes to the Financial Statements for the Y•ar Ended 30 April 2023 (continued Unr•8trlctsd Total fund8 O•noral Not• Staff ¢08t8 Allocated support C0818 Governance costs 26,527 745 90 26,527 745 90 Total for 2023 27.362 27,362 Total for 2022 239 239 4 Analy8lB of gov•rnanc8 •nd Siyport ¢08ts Governanc• colts Unr••trlGt•d lunds G•n•rJl Totsl fund• Audlt fees Other lees paid to audltors Total for 21123 90 90 90 90 Total lor 2022 so so 5 Tru•t••? r•ffluner•tlon and expen•e• No trustees, nor any persons connected wlth them, have rocoived any remuneration fmm thè charity during the year. No trustees havo r•¢elve(18ny relmbursed expen8e8 or any other baneflls from the Ghgrliy during the year. 6 Staff costs The aggregate payroll costs were as lollows.. 2023 staff costs durlng the year Wages and salarie5 Pen3ion costs 26,269 258 26,527 Page 10
Afri Green Centre Notes to the Financial Statemonts for the Year Ended 30 April 2023 (continued No employee rec6lved emoluments gf more than £60,000 during the year 7 Audllorn. remunorntlon 8 Taxatlon The Gharity Is a wlstered chadty and18 therefore exempl from taxation. 9 Ci•h and c••h 8qulval•nts 2023 2022 Cgsh al bank 1,322 189 10 Crodltor•". •mounts falllng TArfthln on• y••r 2023 Other taxation and Social •ecurtty Other credltors 3,028 602 3,630 11 P•n¥lon •fid oth•r •ch•m•8 D•fln•d eontrlbutlon p•n•lon •ch•m• The charity operates a deflned conlribulbon penslon Scheme. The penslon cost charge lor the year represents conlribution8 pay8ble by the charity lo the scheme and 8mounled lo £25812022 - £NS11. 12 Fund• Balance •t 1 May 2022 Incomlng RoioufC•• expgndod Balanu It 30 Aprll 2023 Vnre•trlctsd fund* General 189 27,362 2,308 Balanco at 1 May 2021 Incomlng rg$ourc Re8ourco8 •xp•nd•d 8alanco at 30 April 2022 Unrnstrlcted funds General 203 239 189 Page 11
Afri Groon Centre Notes to the Financial Statements for the Year Ended 30 April 2023 (contlnuod) 13 Analysi¥ of Th•t ••¥•ts b•twwn lund8 Unrn8trl¢t•d funds G•n•ral Total fund• al 30 Aprll 2023 Current assÈl$ cueftt liablljtlès 1,322 13,6301 1,322 13.8301 Total net a$8el8 12,308 12,308 Unrn8trlct•d fundj G•Mrnl Total fund¥ at 30 Aprll 2022 Current aasets 189 189 14 An•ty811 ol n•t fund• At1M•y 2022 Flnanclng c••h flow• At 30 Aprll 2023 Cash al bank and In hand 189 1.133 1.322 Net debt 189 1,133 1,322 16 R•latsd party tran••ctlon8 Page 12
Afri Green Centra Statement of Financial Activities by fund for the Year Ended 30 April 2023 Totsl Total UnrestrlcI Unrtrstrfctsd Funds Funds 2023 2022 Incomfj and Endowments from: Donations and legacieg Total Income 24,865 225 225 Exp•ndStur• on: Charftable activibes 27,362 239 Total exnditure Net &Kpenditure Nat mov6ment In funds 27,382 239 2,497 14 (2,4971 1141 Reconclll•tlon of fund• Total fvnd8 brought forward Tol81 funds carrled lorward 189 203 189 This page does nol forni part of the statutory financial statements. Page 13
Afri Green Centro Detailed Statement of Financial Activities for the Year Ended 30 Aprll 2023 Total 2023 Total 2022 Incomo and Endowmont• from: DationS and legacies lanalysed below) T¢)tal Income 225 24,865 225 Expendltura on: Charitable advlties lanafy¥ed below) Total 8xpendltur• Net expendltum Nel movement in funds 27,362 239 27.382 239 14 12,4971 {141 R•conclll•tlon ol fund• Total funds brought forword Total frJnd8 carried fornard 189 203 189 Thig page does not forni part of the statutory financial statements. Page 14
Afri Green Centre Dotalled Slatement of Financial Activiti88 for the Year Ended 30 April 2023 (contlnued Tolal 2023 Total 2022 Donatlons •ndl•qacl•s Appeals and donations 24,865 225 24,865 225 Ch•rltabl• a¢tfvltl•s Dlrect costs Wages and $al•rl•8 Staff penslon8 (Defined contributionl- pen81on 8cheme 1 Printing, postage and stallonory Travel and 8ub8istence Aceountancy fees 14241 {26.2691 2581 1151 13061 90 1421 {147) 50 27,362 239 This page does not fonn part of the slatuiory financial statements. Page 15