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2024-03-31-accounts

This charity does not have a Registered Company Number

The Charity Registration Number is: 1191803

Afro Innovation Group

Report and Accounts

31 March 2024

Afro Innovation Group

Report and accounts

Contents

Page
Charity information 1
Trustees' Annual Report 1
Independent Examiner's Report 7
Funds Statements:-
Statement of Financial Activities 9
Statement of Financial Activities - Prior Year statement 10
Balance sheet 11
Cash flow statement 12
Notes to the accounts 13

The Trustees of the Afro-Innovation Group present their Annual report and Independently Examined Financial Statements for the period ended 31 March 2024.

Reference and Administrative Details of the Charity

Name of Charity: Afro-Innovation Group

Registered Charity No: 1191803

Charity’s principal address: Floor 6, 60 Charles Street,

Leicestershire, Leicester, LE1 1FB

Names of the charity trustees who manage the charity:

Miss Annette Ngalula

Mr Deville Poto-Moto

Ms Taysir Al-Fayed

Miss Nejah Alwich

Miss Catherine Baroi

Mr Nicholas Babunga

Miss Lilian Rudo Mukundi

Mr Rwakasihi Marembo

Structure, Governance and Management

Description of the charity’s trusts

Governing document: Charitable Incorporated Organisation

How the charity is constituted: Management Committee.

Trustees selection methods: Appointed and Elected by members at the AGM

Additional governance issues: During this financial year the organization has been served by 8 management committee members (Trustees) Including, Chair, Vice Chair, Secretary, Treasurer and 4 other trustees. The organisation has 5 staff and 28 volunteers working in different projects. AIG is an incorporated association with a constitution adopted in June 2008. It was registered as a charity in July 2008 and as a Charitable Incorporated Organization CIO, a new legal structure.

The Afro-Innovation Group is deeply rooted in the local community, with a primary focus on Leicester and Leicestershire. Our Board of Trustees, comprising five individuals who live and work in the area, ensures that we effectively understand and address local circumstances and needs.

1

Our dedicated staff team, consisting of 5 members, is primarily funded through the BIG lottery community fund's Reaching Communities programme. This funding source ensures the continuity of our operations and the delivery of our services.

CIO Objects

The aims of the CIO are as follows:

3.1. To provide relief to migrants and those granted refugee status in the East Midlands area by offering training facilities and support services to help them integrate into the community. This includes:

a) Preserving and protecting their physical and mental health

b) Advancing their education and training

c) Relieving them from financial hardship and unemployment

d) Assisting in providing facilities for social welfare, recreation, or leisure activities for individuals in need due to youth, age, infirmity, disability, financial hardship, or social circumstances, to improve their quality of life.

3.2. To alleviate financial hardship in Africa through the support and services deemed appropriate by the trustees.

Strengths and opportunities in our community:

We work with migrants and refugees from a wide range of backgrounds/cultures (from Afghanistan, Bangladesh, India, Iran, Iraq, Pakistan, DR Congo, Malawi and Somalia). The key strengths of our migrant community are the passion and commitment of those who have settled in the UK (Leicestershire) and offer their support to others as befrienders and support groups. Peer support/befriending is integral to our services to reduce isolation, support confidence and wellbeing and enable individuals to connect and integrate into the community.

Our Women Together project enables peer support to 380-420 women annually to enable financial independence/business development. During this financial year AIG has been working with a group of highly educated trustees, staff and volunteers.

We are members of the Multi-Agency forum (safeguarding), Multifaith Groups, Prevent and the Positive Communities Consortium. We have relationships with Leicestershire police, PCC, DWP, JobCentre+, and local authorities including Persons’ from Abroad team. We have partnered with charities e.g. Hope for Justice, British Red Cross, City of Sanctuary, Adhar, Richmond Fellowship, and One Roof Leicester, on projects ranging from homelessness, and women’s empowerment to community integration.

Challenges

2

During 2023/24, there was a staffing level to support all our work on the new hub in the Leiceshire area, including Hinkley Bosworth and Library outreach.

we have faced several key issues, partly due to the cost of living. We have also seen increasing demand for our services and support as other organisations have shut down, reduced staff, or cut services. Our reputation, central location, and wide range of services have attracted more users and increased demand for our services. Managing the growing number of service users has been stressful for our staff and has impacted their mental health.

In summary, the most pressing issues we have experienced are:

Demand for our services has been coming not only from Leicester and Leicestershire but also from across the entire East Midlands region and sometimes even further afield, including Birmingham, Sheffield, and London. People have been asking us why we haven't established a presence in other areas outside Leicester. We have discussed this with our other funding partners as part of our expansion and sustainability efforts. At the moment, we have decided to focus on the city and county, with weekly hubs operating from local churches, libraries, and rented community centres.

Emerging needs have focused largely on financial hardship; 80% of our users have cited financial hardship as one of their main problems. This issue has gotten worse as the costs of living crisis deepen and extends, with no end in sight, with the government's refusal to follow European counterparts in controlling food prices and others.

We have experienced very high levels of frustration amongst our service users, especially regarding immigration matters, which have seen a backlog of up to 2 years on average for decisions to be made or notified to applicants. More often than not, this has left vulnerable and overwhelmed persons in increasingly difficult situations, especially financially, and many have been forced to take out high-interest loans with their added complications. As a result of delayed immigration decisions, many of our service users have been unable to work and, therefore, draw down income. Some lost their employment and access to public funds (stopped half away as they were unable to produce share codes to prove rights to work, live and rent in the UK).

Activities

The focus of our organisational work this reporting year has ranged across several different subject areas as our traditional provision, including:

3

Achievement and Performance

We have witnessed the positive impact of our work on people's lives, as evidenced by the consistently excellent feedback we receive. In the 2023/24 period, we have seen a significant increase in demand and numbers across our main work streams, resulting in the following outcomes for the current BASE+ project:

Last year, we provided support to 5,112 individuals, achieving several key milestones, including:

4

We continued to encourage volunteers to volunteer with AIG as befrienders, and this project has been central to the support we have offered to our communities throughout the year. Volunteering not only helped those who received support but also the volunteers themselves, who continued to develop their skills, meaning they could be job-ready in the foreseeable future. This was especially important for young people as they continued to be positively exposed to work experience settings.

At the time of writing this report, we are developing a project with young people at the heart, to set up a campaign to help young BAME who are affected by DA. We hope to be able to fund and run this initiative in 2022/23.

Supporting those losing jobs

We continued to support those who had lost their jobs, or are being exploited in work settings (an increasingly important factor of our work with employees in hosiery and textile factories, for example).

With threats and risks of evictions and homelessness and with low numbers, and extremely overwhelmed, of supporting organisations in this area locally and new rules due to official housing crisis in the city with priority groups excluding single persons and the likes we had to share this highly demanding work and support. Including working with others to get temporary to abridging to private housing support and guarantors.

Next Steps for following financial year (2023- 2024).

We will continue to follow the direction set out in our Strategic Plan (2021-2025). Key development areas in the next 12 months, as in the previous year, include:

Core service development and delivery: we hope to establish an arts and cultural offer during the next 12 months along with our employability and community support services. Homelessness and housing: We continue reviewing options to run a night shelter and / or more permanent housing solutions.

5

Partnership and collaboration : we are actively seeking new partners, both strategically and operationally with whom we can work, including being part of the developing Positive Communities consortium. But there are other groups that we would like to work alongside.

Community Centre: We continue to explore possibilities for acquiring a building that can be developed as a community centre and/or office

for AIG. We are currently in talks with Leicester City Council about this issue.

Sustainable funding : We will continue to explore options to sustain and/or increase our income streams. However, we need the right in-house skills to successfully manage our Corporate Champions scheme and develop new forms of income. We cannot rely on outsourced help, as this only provides a short-term fix. Establishing regional hubs enables the possibility of widening our funding search, especially if we have a hub based in London.

Our longer term strategy to address rising demand is to secure (with support of our local council/local authorities) – a community centre under community asset transfer. We are currently working with the local housing team and the office of the city mayor via Councillor Sue Hunter, with the support of all local MPs, to make this happen.

International Development: We established a registered charity in DR Congo on May 2021, and we are seeking funding to help it develop and deliver programmes aimed at the most vulnerable people in that country, especially in Kinshasa and linked rural communities. We are also looking to implement our work overseas across Africa and Asian countries.

Signed by: 20/05/2024

  1. Secretary: Lilian Rudo

  2. Vice- Chair Rwakasihi Marembo:

6

Afro Innovation Group

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2024

I report on the financial statements of the charity on pages 23 to 38 for the year ended 31 March 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102 (effective January 2015) as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales, effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 27.

Respective responsibilities of Trustees and Independent Examiner

As described on page 5, the charity's Trustees are responsible for the preparation of the accounts.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing documents of the charity for the conducting of an audit. As a consequence, theTrustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-

Basis of Examiner's Statement and scope of work undertaken

I conducted my examination in accordance with the General Directions issued by the Charity Commission for England & Wales, under section 145(5)(b) of the Act, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asTrustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP 2015. I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

7

Afro Innovation Group

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, I can confirm that :-

This is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

to keep accounting records in accordance with section 130 of the Charities Act 2011;

when preparing accounts on an accruals basis under s132 of the Charities Act 2011, to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act and the 2015 Regulations setting out the form and content of charity accounts;

that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2015)

have not been met or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;

Jitender Kaur - Independent Examiner

Chartered Accountant

9 Stoughton Road Oadby Leicester LE2 4DS

This report was signed on 17/05/2024

8

Afro Innovation Group - Statement of Financial Activities for the year ended 31 March 2024

Statement of Financial Activities for the year ended 31 March 2024

Current year
Current year
Unrestricted
Funds and
Designated
Funds
Restricted
Funds
2024
2024
£
£
Income & Endowments from:
Donations & Legacies
3,530
7,000
Charitable activities
40,000
188,931
Interest Income
1,287
-
Other
-		 Current yearPrior Year
Total
Funds
Total
Funds
2024
2023
£
£
10,530
280
228,931
416,410
1,287
-
-
-
Total income
44,817
195,931		 240,748
416,690
Expenditure on:
Charitable activities
55,583
192,005		 247,588
251,536
Total expenditure
55,583
192,005		 247,588
251,536
Net income for the year
(10,766)
3,926		 (6,840)
165,154
Net movement in funds
(10,766)
3,926
Reconciliation of funds:-
Total funds brought forward
165,080
74		 (6,840)
165,154
165,154
-
Total funds carried forward
154,314
4,000		 158,314
165,154

All activities derive from continuing operations

The notes attached form an integral part of these accounts.

9

Afro Innovation Group - Statement of Financial Activities for the year ended 31 March 2024

Afro Innovation Group - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Income & Endowments from:
Donations & Legacies
Charitable activities
Other fundraising activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income for the year
Net income after transfers
Net movement in funds
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
All activities derive from continuing operations		 Prior Year
Unrestricted
Funds
Prior Year
Restricted
Funds
2023
2023
£
£
280
204,077
212,333
-
-		 Prior Year
Total
Funds
2023
£
280
416,410
-
416,690
251,536
251,536
165,154
165,154
165,154
-
204,357
212,333
39,277
212,259
39,277
212,259
165,080
74
165,080
74
165,080
74
-
-
165,080
74		 165,154

10

Afro Innovation Group - Balance Sheet as at 31 March 2024

Fixed assets
Notes
Tangible assets
7
Current assets
Debtors
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year
8
Net current assets
Total assets less current liabilities
The total net assets of the charity
The total net assets of the charity are funded by the
Restricted funds
Restricted Revenue Funds
10
Unrestricted Funds
Unrestricted Revenue Funds
10
Total charity funds		 -
158,210
158,210
(2,731)

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the examiner is on page 7.

The Trustees are satisfied that, the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Rwakasihi Marembo

Rwakasihi Marembo (May 23, 2024 14:32 GMT+1)

Rwakasihi Marembo Trustee- Finance Approved by the board of trustees on 17/05/2024

The notes attached form an integral part of these accounts.

11

Afro Innovation Group

Cash Flow Statement for the year ended 31 March 2024

2024
£
Cash flows from operating activities
Net cash (used in )/provided by operating activities as shown
below
A
(6,431)
Cash flows from investing activities
Purchase of property, plant and equipment
(3,544)
Net cash (used in )/provided by investing activities
B
(9,975)
Net cash provided by financing activities
C
-
Overall cash (used in )/provided by all activities
A+B+C
(9,975)
Cash movements
Change in cash and cash equivalents from activities in the
year ended 31 March 2024
(9,385)
Cash and cash equivalents at 1 April 2023
167,595
Cash at bank and in hand less overdrafts at 31 March
158,210
Afro Innovation Group
Cash Flow Statement for the year ended 31 March 2024 - Continued
Reconciliation of net (expenditure)/income to net cash flow from operating activities
Net (expenditure)/income as shown in the Statement of Financial Activitie
(6,840)
Adjustments for :-
Depreciation charges
709
Dividends, interest and rents from investments
(1,287)
(Decrease)/increase in creditors, excluding loans
(300)
Net cash (used in )/provided by operating activities
A
(6,431)
Analysis of cash and cash equivalents
2024
£
Cash in hand at for the year ended 31 March 2024
158,210
Total cash and cash equivalents
158,210		 2023
£
167,595
-
167,595
-
167,595
167,595
-
167,595
165,154
-
-
2,441
167,595
2023
£
167,595
167,595

12

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 (effective January 2015)) and 'The FRS102 Statement of Recommended Accounting Practice 2015', (The SORP 2015), and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP 2015 in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2025, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

These acounts have been prepared on a going concern basis which assumes the charitable company will have the ability to continue its operations as a going concern.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

13

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2024

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteer.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value ov estimated useful lives.

Plant and machinery 33 % straight line Furniture, Fixture and Fittings 20 % straight line

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

The creditors at the year end is the Independent Examiner's fees.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

14

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2024

Pensions - defined contribution schemes

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Liability to taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Net surplus before tax in the financial year

Net surplus before tax in the financial year
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs
Staff costs and emoluments
Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's contribution to defined contributions pension schemes
Trustees' Remuneration
Total salaries, wages and related costs
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was		 2024
£
709
2,191		 2023
£
-
5,840
2024
£
98,000
4,503
-		 2023
£
100,521
5,840
-
102,503 106,361
2024
4		 2023
4

5 Staff costs and emoluments

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

6 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

7 Tangible fixed assets

15

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2024

tes to the Accounts for the year ended 31 March 2024
Land and
Buildings
Plant &
Machinery
£
£
Cost
At 1 April 2023
-
-
Additions
-
3,544
At 31 March 2024
-
3,544
Depreciation
At 1 April 2023
-
-
Charge for the year
-
709
At 31 March 2024
-
709
Net book value
At 31 March 2024
-
2,835
At 31 March 2023
-
-
8 Creditors: amounts falling due within one year
Accruals
PAYE, NIC VAT and other taxes
9 Particulars of how particular funds are represented by assets and liabilities
At 31 March 2024
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
2,835
Investments at valuation:-
Current Assets
154,210
Current Liabilities
(2,731)
-
Long Term Liabilities
154,314
-
At 1 April 2023
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
-
-
Investments at valuation:-
Current Assets
167,521
-
Current Liabilities
(2,441)
-
165,080
-		 Land and
Buildings
Plant &
Machinery
£
£
-
-
-
3,544		 Motor
Vehicles
£
-
-		 Total
£
-
3,544
-
3,544		 - 3,544
-
-
-
709		 - -
709
-
709		 - 709
-
2,835		 - 2,835
-
-		 - -
2024
£
960
1,771		 2023
£
960
1,481
2,731 2,441
Restricted
funds
£
-
4,000
-
-		 Total
Funds
£
2,835
158,210
(2,731)
154,314
-		 4,000 158,314
Unrestricted
Designated
funds
funds
£
£
-
-
167,521
-
(2,441)
-		 Restricted
funds
£
-
74
-		 Total
Funds
£
-
167,595
(2,441)
165,080
-		 74 165,154

10 Change in total funds over the year as shown in Note 9 , analysed by individual funds

16

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2024

Unrestricted and designated funds:-
Unrestricted revenue funds
Designated revenue funds
Total unrestricted and designated funds
Restricted funds:-
Bangladesh Positive Communities
Big Lottery Community Fund
Total restricted funds
Total charity funds		 Funds
brought
forward
from 2023
Movement in
funds in
2024
See Note 11
£
£
165,080
-
(10,766)
-		 Transfers
between
funds in
2024
£
-		 Funds
carried
forward to
2025
£
154,314
-
165,080
(10,766)		 - 154,314
74
(74)
4,000		 - -
4,000
74
3,926		 - 4,000
165,154
(6,840)		 - 158,314

11 Analysis of movements in funds over the year as shown in Note 10

Unrestricted and designated funds:-
Unrestricted revenue funds
Restricted funds:-
Albert Hunt SP
NHS Intergrated Care Board (ICB)
Big Lottery Community Fund
Henry Smith Charity
Garfield Weston
Immigration Appeal London
Groundwork UK TE
Central Co-op Community Dividend
Bangladesh Positive Communities		 Income
Expenditure
2024
£
2024
£
44,817
(55,583)
7,000
(7,000)
21,175
(21,175)
133,800
(129,800)
22,500
(22,500)
10,000
(10,000)
80
(80)
1,000
(1,000)
376
(376)
-
(74)		 Other
Gains &
Losses
2024
£		 Movement
in funds
2024
£
(10,766)
-
-
4,000
-
-
-
-
-
(74)
240,748
(247,588)		 (6,840)

12 The purposes for which the funds as detailed in note 11 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted revenue funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Designated revenue funds

The designated funds are for the repairs, maintenance and the purchase of property to be used as Church.

17

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2024

Restricted funds:-

The purpose of these funds is to purchase a property which will be used Restricted fixed asset funds as Church. This fund represents the restricted surplus arising on the revaluation of Restricted revaluation reserve the charity's assets. The purpose of these funds is to purchase and maintain a property which Bangladesh Positive Communities will be used as Church. Donations were collected for the Kerala flood relief appeal both at the Crisis Relief Fund church and the Family conference that have been passed on in whole to the relief work via our central governing body.

13 Ultimate controlling party

The charity is under the control of its legal members.

18

Afro Innovation Group

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

14
Donations and Legacies
Albert Hunt SP
Small donations individually less than
£1000
Total Donations, Grants and Legacies
15
Charitable activities
Revenue grants from government and public
bodies
NHS Intergrated Care Board (ICB)
Leicester City council
Shires Multiply Grant
Total public sector revenue grants
Revenue grants and donations from non
public bodies
Afro Innovation (charity number 1124885)
Big Lottery Community Fund
Tudor Trust
Henry Smith Charity
Garfield Weston
Immigration Appeal London
Groundwork UK TE
Central Co-op Community Dividend
AB Charitable Trust
Bangladesh Positive Communities
Lloyds Bank Foundation
Swire Charitable Trust
Edith Murphy Foundation
Urban Church
Pargiter- Voice4Change England
Total private sector revenue grants
Total Charitable Activities		 Current year
Current year Current year
Prior Year
Unrestricted
Restricted
Total Funds
Total Funds
Funds
Funds
2024
2024
2024
2023
£
£
7,000
£
7,000
£
3,530
-
3,530
280
3,530
7,000
10,530
280
21,175
21,175
21,175
19,420
10,000
-
21,175
21,175
50,595
108,077
133,800
133,800
118,872
40,000
40,000
42,000
22,500
22,500
-
10,000
10,000
80
80
1,000
1,000
376
376
20,000
18,126
25,000
19,740
5,000
4,000
5,000
40,000
167,756
207,756
365,815
40,000
188,931
228,931
416,410

19

16 Interest Income

Bank Interest
Total from other activities		 Current year
Current year
Current year
Prior Year
Unrestricted
Funds
2024
Restricted
Funds
2024
Total Funds
2024
Total Funds
2023
£
£
£
£
1,287
-
1,287
1,287
-
1,287
-

17 Expenditure on charitable activities - Direct spending

Gross Wages and Salaries
Employers' NI - Charitable activities
Defined contribution pension costs -
charitable activities
Temporary Staff - Charitable Activities
Travel and Subsistence - Charitable
Activities
Marketing and advertising of charitable
services
Sessional Workers
Community Integrations, Events, Art
Performances
Volunteer and Staff Expenses
Professional Indemnity Insurance
Consultancies and Sub contract Payments
Sponsorship Workers
Trainings & Capacity Building
Total direct spending		 Current year
Current year Current year
Prior Year
Unrestricted
Restricted
Total Funds
Total Funds
Funds
2024
Funds
2024
2024
2023
£
£
£
£
-
98,000
98,000
100,521
4,503
4,503
-
2,191
-
2,191
-
5,840
11,200
4,736
5,974
-
5,974
4,736
1,400
5,192
20,948
20,948
42,090
14,122
5,747
14,122
5,747
3,130
4,181
1,284
1,284
1,974
21,302
21,302
30,447
3,900
3,900
12,820
12,820
4,736
190,791
195,527
205,975

18 Expenditure on charitable activities- Grant funding of activities

Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2024 2024 2024 2023
£ £ £ £
Grants made to organisations -
Afro Innovation International Development 22,820 - - 15,300
Fund
Totalgrantmaking costs 22,820 - - 15,300

20

19 Support costs for charitable activities

Premises Expenses
Rent payable under operating leases
Venue Hire
Light heat and power
Cleaning and waste management
Premises repairs, renewals and
maintenance
Administrative overheads
Telephone, fax and internet
Stationery and printing
Bank Charges
Website Maintenance
Software licences and expenses
Liabilty and contents insurance
Equipment,repairs,expenses and
maintenance
Office/General Adminstrative Expenses
Accountancy fees other than examination or
audit fees
Other legal and professional
Depreciation & Amortisation in total for the
period
Total Support costs for charitable activities		 Current year
Current year Current year
Prior Year
Unrestricted
Restricted
Total Funds
Total Funds
Funds
2024
Funds
2024
2024
2023
£
£
£
£
9,878
-
-
9,878
9,186
-
1,110
1,110
1,451
-
1,451
2,612
2,455
-
2,455
2,286
2,668
-
2,668
1,485
583
583
-
-
-
282
97
-
2,943
-
-
97
-
2,943
94
-
3,327
-
-
-
-
2,623
1,249
104
1,353
4,422

1,690
3,944
-
1,690
3,944
664
2,920
709
-
27,667
1,214
28,172
29,901

20 Other Expenditure - Governance costs

Independent Examiner's fees
Total Other Expenditure - Governance costs		 Current year
Current year Current year
Prior Year
Unrestricted
Restricted
Total Funds
Total Funds
Funds
2024
Funds
2024
2024
2023
£
£
£
£
360
0
360
360
360
-
360
360

21

21 Total Charitable expenditure

Total Charitable expenditure
Expenditure on charitable activities - Direct
spending
Grantmaking costs
Support costs for charitable activities
Governance costs		 Current year
Current year Current year
Prior Year
Unrestricted
Restricted
Total Funds
Total Funds
Funds
Funds
2024
2024
2024
2023
£
£
£
£
4,736
190,791
195,527
205,975
22,820
-
22,820
15,300
27,667
1,214
28,881
29,901
360
-
360
360
55,583
192,005
247,588
251,536

22