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2026-03-31-accounts

This charity does not have a Registered Company Number

The Charity Registration Number is :- 1191803

Afro Innovation Group

Report and Accounts

31 March 2026

Afro Innovation Group

Report and accounts

Contents

Page
Charity information 1
Trustees' Annual Report 1
Independent Examiner's Report 9
Funds Statements:-
Statement of Financial Activities 11
Statement of Financial Activities - Prior Year statement 11
Balance sheet 12
Cash flow statement 13
Notes to the accounts 15

THE TRUSTEES’ ANNUAL REPORT

For the year ended 31 March 2026

The Trustees of Afro-Innovation Group present their Annual Report and Independently Examined Financial Statements for the period ended 31 March 2026.

Reference and Administrative Details of the Charity

Name of Charity: Afro-Innovation Group Registered Charity Number: 1191803 Principal Address: Floor 6, 60 Charles Street Leicester Leicestershire LE1 1FB

Trustees during the year:

Structure, Governance and Management

Governing Document

Afro-Innovation Group is a Charitable Incorporated Organisation (CIO).

Constitution

1

The charity is governed by its Constitution and managed by a Board of Trustees (Management Committee).

Appointment of Trustees

Trustees are appointed and elected by members at the Annual General Meeting.

Governance Overview

During this financial year, the organisation was served by eight Trustees, including a Chair, Vice Chair, Secretary, Treasurer and additional Trustees with expertise across finance, safeguarding, housing, immigration, governance and community development.

The charity employed six paid members of staff and two sessional workers during the year. These were supported by a substantially expanded volunteer base, reflecting increased demand for services.

Trustees met regularly to review:

The charity continues to be deeply rooted in Leicester and Leicestershire, while extending outreach through county hubs and digital partnership models.

CIO Objects

The charity’s objects remain:

  1. To relieve migrants and those granted refugee status in the East Midlands through provision of training facilities and support services to assist integration, including:

  2. Preserving and protecting physical and mental health

  3. Advancing education and training

  4. Relieving financial hardship and unemployment

  5. Providing facilities for social welfare and recreation

  6. To alleviate financial hardship in Africa through services deemed appropriate by the Trustees.

2

Public Benefit

The Trustees confirm that they have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s public benefit guidance.

Afro-Innovation Group provides direct public benefit by supporting refugees, asylum seekers, migrants and disadvantaged communities experiencing poverty, homelessness, social exclusion, exploitation and health inequalities.

Strengths and Opportunities in Our Community

The communities we serve are diverse, including individuals from Afghanistan, Bangladesh, India, Iran, Iraq, Pakistan, Democratic Republic of Congo, Malawi, Somalia and many other countries.

The key strengths of our community remain:

Our organisation has increasingly become recognised as a trusted one-stop community hub, particularly following the closure or reduction of services among other local charities.

The Context for Our Work (2025–2026)

This reporting year has been marked by continued and deepening challenges:

As local authorities reduced provision due to budget pressures, the burden on VCSE organisations increased significantly. Afro-Innovation Group experienced unprecedented demand, with daily service contacts increasing across all channels.

3

We have continued to fill service gaps, particularly in:

Activities

During the year, our work spanned the following core areas:

Our “Digital Partnership Hubs” expanded, enabling beneficiaries outside Leicester to access support through partner sites across the country.

Achievement and Performance

During the year, the charity supported record numbers of service users.

Daily engagement included:

We achieved:

4

We also expanded our county presence, including:

Collaboration and Partnership Working

The charity maintained and strengthened partnerships with:

We progressed plans for acquisition and regeneration of 3 Darker Street as a future community and housing asset, forming part of our long-term sustainability strategy.

The charity increasingly assumed a leadership and mentoring role among grassroots organisations within BAME communities.

Our People

Trustees

Trustees continued to bring diverse lived experience and professional expertise. Governance training was ongoing, including safeguarding, financial oversight and regulatory compliance.

Staff

5

The year placed exceptional pressure on staff due to escalating demand. Flexible working patterns and wellbeing measures were introduced.

Staff undertook professional development in:

Volunteers

Volunteer numbers increased significantly. Volunteers supported befriending, administration, outreach and community engagement. Several volunteers progressed into paid employment.

Financial Review

The charity operated under multi-year funding agreements, including support from the National Lottery Community Fund and other grant providers.

Expenditure reflected:

The charity faced ongoing sustainability pressures due to:

Trustees continue to prioritise financial resilience and income diversification.

Risk Management

6

The Trustees reviewed and monitored key risks:

Mitigation measures include:

What We Are Most Proud Of

During 2025–2026, we are particularly proud of:

Challenges

The primary challenge remains financial sustainability in an environment of:

Without continued multi-year funding support, service continuity would be at risk.

7

Plans for the Future

In the next 12 months, the charity will focus on:

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Annual Report and financial statements in accordance with applicable law and accounting standards.

They confirm that:

Signed on behalf of the Trustees:

Secretary: Name: Lilian Rudo Mukundi Vice-Chair: Name: Rwakasihi Marembo

Date: 04/05/2026

8

Afro Innovation Group

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2026

I report on the financial statements of the charity on pages 7 to 19 for the year ended 31 March 2026 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102 (effective January 2015) adapted to meet the needs of unincorporated organisations, 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 16.

Respective responsibilities of Trustees and Independent Examiner

As described on pages 1-8, 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.

9

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

9 Stoughton Road Oadby Leicester LE2 4DS

This report was signed on 12/05/2026

10

Statement of Financial Activities for the year ended 31 March 2026

Income & Endowments from:
Grants,Donations & Legacies
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income for the year
Net income after transfers
Net movement in funds
Total funds brought forward
Total funds carried forward		 Current year
Unrestricted
Funds
Current year
Restricted
Funds
2026
2026
£
£
150,855
259,771
-
-
3,177
-		 Current year
Total Funds
Prior Year
Total Funds
2026
2025
£
£
410,626
242
-
320,483
3,177
1,924
154,032
259,771		 413,803
322,649
14,582
-
101,559
208,083		 14,582
5,425
309,642
303,791
116,141
208,083		 324,224
309,216
37,891
51,688		 89,579
13,433
37,891
51,688		 89,579
13,433
37,891
51,688
85,302
86,445		 89,579
13,433
171,747
158,314
123,193
138,133		 261,326
171,747

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

Income & Endowments from:
Grants,Donations & Legacies
Charitable activities
Investments
Other
Total income
Expenditure on:
Raising funds
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		 Prior Year
Unrestricted
Funds
Prior Year
Restricted
Funds
2025
2025
£
£
65,242
255,483
1,924
-
-
-
-		 Prior Year
Total Funds
2025
£
320,725
1,924
-
67,166
255,483		 322,649
5,425
-
130,753
173,038		 5,425
303,791
136,178
173,038		 309,216
(69,012)
82,445		 13,433
(69,012)
82,445		 13,433
(69,012)
82,445
154,314
4,000		 13,433
158,314
85,302
86,445		 171,747

11

Afro Innovation Group - Balance Sheet as at 31 March 2026

Fixed assets
Notes
Tangible assets
7
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
8
Net current assets
The total net assets of the charity
The total net assets of the charity are funded by the
Restricted funds
Restricted Revenue Funds
Unrestricted Funds
10
Unrestricted Revenue Funds
10
Total charity funds		 256,875
(6,104)

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 9-10.

The Trustees are satisfied that, although 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

Trustee

Approved by the board of trustees on 12/05/2026

The notes attached on pages 15 to 23 form an integral part of these accounts.

12

Afro Innovation Group

Cash Flow Statement for the year ended 31 March 2026

Cash flows from operating activities
Net cash provided by operating activities as shown below
A
Cash flows from investing activities
Interest received
Purchase of property, plant and equipment
Net cash (used in )/provided by investing activities
B
Cash flows from financing activities
Net cash provided by financing activities
C
Overall cash provided by all activities
A+B+C
Cash movements
Change in cash and cash equivalents from activities in the
year ended 31 March 2026
Cash and cash equivalents at 1 April 2025
Cash at bank and in hand less overdrafts at 31 March		 2026
£
93,281
3,177
(10,400)
(7,223)
-
86,058
86,058
170,817
256,875		 2025
£
10,683
1,924
1,924
-
12,607
12,607
158,210
170,817

13

Afro Innovation Group

Cash Flow Statement for the year ended 31 March 2026

Afro Innovation Group

Cash Flow Statement for the year ended 31 March 2026 - Continued

Reconciliation of net income to net cash flow from operating activities

Net income as shown in the Statement of Financial Activities
Adjustments for :-
Depreciation charges
Dividends, interest and rents from investments
Increase/(decrease) in creditors, excluding loans
Net cash provided by operating activities
A
Analysis of cash and cash equivalents
Cash in hand at for the year ended 31 March 2026
Total cash and cash equivalents		 89,579
2,170
(3,177)
4,709
93,281
2026
£
256,875
256,875		 13,433
510
(1,924)
(1,336)
10,683
2025
£
170,817
170,817

14

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2026

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.

Risks and future assumptions

The accounts have been prepared on a going concern basis on the assumption that grant income from funding bodies will continue to be received.

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.

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.

15

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2026

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 volunteers.

Policies relating to assets, liabilities and provisions and other matters.

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 20 % straight line Motor vehicles 18 %reducing balance

Debtors

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

Financial instruments including cash and bank balances

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

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.

16

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2026

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. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

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
Staff costs and emoluments
Salary costs
Gross Salaries excluding trustees and key management personnel
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		 2026
£
2,170		 2025
£
510
2026
£
122,298		 2025
£
165,639
131,646 177,226
2026
5		 2025
5

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.

17

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2026

7 Tangible fixed assets

Cost
At 1 April 2025
Additions
At 31 March 2026
Depreciation
At 1 April 2025
Charge for the year
At 31 March 2026
Net book value
At 31 March 2026
At 31 March 2025
8
Creditors: amounts falling due within one year
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors		 Land and
Buildings
Plant &
Machinery
£
£
-
-
-		 Motor
Vehicles
Total
£
£
3,544
3,544
10,400
10,400
-
-		 13,944
13,944
-
-
-		 1,219
1,219
2,170
2,170
-
-		 3,389
3,389
-
-		 10,555
10,555
-
-		 2,325
2,325
2026
2025
£
£
2,764
-
960
960
2,380
435
-
-
6,104
1,395

9 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2026
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 April 2025
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
Designated
funds
funds
£
£
10,555
-
133,682
-
(6,104)
-
138,133
-
Unrestricted
Designated
funds
funds
£
£
2,325
-
85,987
-
(1,395)
-
86,917
-		 Restricted
Total
funds
Funds
£
£
-
10,555
123,193
256,875
-
(6,104)
123,193
261,326
Restricted
Total
funds
Funds
£
£
-
2,325
84,830
170,817
-
(1,395)
84,830
171,747

18

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2026

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

Unrestricted and designated funds:-
Unrestricted revenue funds
Total unrestricted and designated funds
Restricted funds:-
National Heritage
Restricted Revenue Funds : National Lottery
Reaching Communities funding
Total restricted funds
Total charity funds		 Funds
brought
forward from
2025
Movement in
funds in 2026
See Note 11
£
£
85,302
37,891		 Transfers
between
funds in
2026
£
-		 Funds carried
forward to
2027
£
123,193
85,302
37,891		 - 123,193
-
68,448
86,445
(16,760)		 -
-		 68,448
69,685
86,445
51,688		 - 138,133
171,747
89,579		 - 261,326

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

Unrestricted and designated funds:-
Unrestricted revenue funds
Restricted Revenue Funds		 Income
Expenditure
2026
2026
£
£
154,032
(116,141)
259,771
(208,083)		 Other
Gains &
Losses
2026
£
-
-		 Movement
in funds
2026
£
37,891
51,688
413,803
(324,224)		 - 89,579

12 The purposes for which the funds as detailed in note 10 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.

Restricted Revenue Funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

19

Afro Innovation Group

Notes to the Accounts for the year ended 31 March 2026

13 Ultimate controlling party

The charity is under the control of its legal members.

20

Afro Innovation Group

Detailed analysis of income and expenditure for the year ended 31 March 2026 as required by the SORP 2015

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

14 Donations and Legacies
Donations and gifts from individuals
Small donations individually less than £1000
Albert Hunt
Total donations and gifts from individuals
Revenue grants from government and public bodies
NHS Integrated Care Board (ICB)
Total public sector revenue grants
Revenue grants and donations from non public bodies
Small grants individually less than £1000
National Lottery Reaching Communities Grant
Postcode Places
ESC Lottery Fund
Ace Lottery
Tudor Trust
Henry Smith Charity
Garfiled Weston
National Heritage
De-Montfort University
Lloyds Bank Foundation
Total private sector revenue grants
Total Donations and Legacies
15 Investment income
Bank Interest Receivable		 Current year
Unrestricted
Funds
2026
£
8,000		 Current year
Restricted
Funds
2026
£
-
-		 Current year
Total Funds
2026
£
-
8,000
8,000
24,685
24,685
2,000
25,000
377,941
410,626
Current year
Total Funds
2026
£
3,177
127,361
-
13,145
2,920
40,000
49,790
10,000
107,725		 Prior Year
Total Funds
2025
£
242
242
8,000 -
24,685
24,685

235,086
127,361
107,725		 **- **
**- **
2,000
25,000
13,145
2,920
40,000
49,790
10,000		 -
25,000
320,483
320,483
Prior Year
Total Funds
2025
£
1,924
-
142,698
19,650
11,350
26,285
40,000
45,500
10,000
-
142,855
150,855 259,771
Current year
Unrestricted
Funds
2026
£
3,177		 Current year
Restricted
Funds
2026
£
-

16 Expenditure on charitable activities - Direct spending

21

Afro Innovation Group

Detailed analysis of income and expenditure for the year ended 31 March 2026 as required by the SORP 2015

Gross wages and salaries - charitable activities
Employers' NI - Charitable activities
Defined contribution pension costs - charitable
activities
Travel and Subsistence - Charitable Activities
Marketing and advertising of charitable services
Capabilities and Training Cost
Sponsorship Workers
Sessional Workers
Community Integrations, Events, Art
Performances
Total direct spending		 Current year
Unrestricted
Funds
2026
£
-
-
-
-		 Current year
Restricted
Funds
2026
£
122,298
3,591
2,533
8,926
4,273
15,900
-
25,857
19,557
202,935		 Current year
Total Funds
Prior Year
Total Funds
2026
2025
£
£
122,298
165,639
3,591
8,363
2,533
3,224
8,926
683
4,273
5,317
15,900
-
25,857
19,557
6,428
-
27,940
10,811
202,935
228,405
-

17 Expenditure on charitable activities- Grant funding of activities

Development Grant
Total grantmaking costs
18Support costs for charitable activities		 Current year
Unrestricted
Funds
2026
£
63,990		 Current year
Current year
Prior Year
Restricted
Funds
Total Funds
Total Funds
2026
2026
2025
£
£
£
-
63,990
6,050
-
63,990
6,050
63,990
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2026 2026 2026 2025
£ £ £ £
Volunteer costs
Volunteers' expenses 5,148 5,148 3,333
Premises Expenses
Rent payable under operating leases 8,027 8,027 28,801
Venue Hire - -
Insurance 1,078 1,078 1,508
Light heat and power 4,531 4,531 2,566
Cleaning and waste management 5,946 5,946 5,205

22

Afro Innovation Group

Detailed analysis of income and expenditure for the year ended 31 March 2026 as required by the SORP 2015

Administrative overheads
Telephone, fax and internet
Bank Charges
Equipment expenses
Office/General Adminstrative Expenses
Accountancy fees
Fundraising Consultancy Costs
Other legal and professional
Depreciation & Amortisation in total for the period
Total support costs		 -
134
9,583
1,650
14,582
3,950
2,170		 -
-
-
-
-
-
-
-
5,148		 -
134
-
9,583
1,650
14,582
3,950
2,170
56,799		 -
151
1,914
14,407
3,013
5,425
7,478
510
51,651 74,311

19 Other Expenditure - Governance costs

Independent Examiner's fees
20Total Charitable expenditure
Total direct spending
Total grantmaking costs
Total support costs
Total Governance costs
Total charitable expenditure		 Current year
Unrestricted
Funds
2026
£
500
Current year
Unrestricted
Funds
2026
£
-
63,990
51,651
500		 Current year
Current year
Prior Year
Restricted
Funds
Total Funds
Total Funds
2026
2026
2025
£
£
£
500
450
Current year
Current year
Prior Year
Restricted
Funds
Total Funds
Total Funds
2026
2026
2025
£
£
£
202,935
202,935
228,405
-
63,990
6,050
5,148
56,799
74,311
-
500
450
116,141 208,083
324,224
309,216

23