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:**
- Miss Annette Ngalula
- Mr Deville Poto-Moto
- Ms Eden Moges
- Miss Nejah Alwich
- Mr Nicholas Babunga
- Miss Lilian Rudo Mukundi
- Mr Rwakasihi Marembo
## **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:
- Financial management and sustainability
- Strategic delivery under the 2025–2030 Strategic Plan
- Risk management and safeguarding compliance
- Partnership development
- Community asset transfer and sustainability initiatives
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:
- Preserving and protecting physical and mental health
- Advancing education and training
- Relieving financial hardship and unemployment
- Providing facilities for social welfare and recreation
2. 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:
- Peer support and lived experience leadership
- Strong volunteer engagement
- High levels of resilience despite adversity
- Growing civic participation
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:
- Severe cost-of-living pressures
- Inflation and economic instability
- Housing crisis in Leicester and wider region
- Immigration system backlogs
- Increased domestic abuse and safeguarding cases
- Modern slavery and exploitative visa schemes
- Significant cuts to local authority services
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:
- Immigration advocacy
- Welfare and benefit support
- Housing and homelessness prevention
- Mental health support
- Family services
## **Activities**
During the year, our work spanned the following core areas:
- Housing and homelessness support
- Welfare and benefits advice
- Immigration (including asylum, family reunion, appeals and EEA matters)
- Debt and financial management
- Employment and skills development
- Women-led empowerment services
- Youth leadership and anti-exploitation support
- Domestic abuse and MDVAC cases
- Modern slavery and trafficking support
- Mental health and health inequalities projects (in partnership with NHS)
- Digital advisory hubs
- Community cohesion and anti-hate initiatives
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:
- 60–68 in-person office visits
- 28–42 telephone enquiries
- 40+ digital and WhatsApp enquiries daily
- High levels of referral from statutory partners
## **We achieved:**
4
- Complex immigration case interventions
- Domestic abuse protection outcomes
- Housing prevention and homelessness interventions
- Employment placements and skills development
- NHS mental health partnership renewals
- Strengthened safeguarding response
We also expanded our county presence, including:
- Hinckley hub
- Loughborough outreach
- Development of partnership hubs beyond the region
## **Collaboration and Partnership Working**
The charity maintained and strengthened partnerships with:
- Leicester City Council
- Leicestershire County Council
- NHS and Public Health bodies
- Police and safeguarding boards
- Domestic abuse organisations
- Housing and homelessness charities
- Universities and research institutions
- Emerging grassroots migrant-led groups
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:
- Immigration advisory accreditation
- Mental health resilience
- Safeguarding
- Debt and financial advisory qualifications
## **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:
- Core staffing costs
- Employer contributions
- Rent and utilities
- Volunteer and training costs
- Outreach and engagement activities
- Governance and evaluation
The charity faced ongoing sustainability pressures due to:
- Increased service demand
- Inflationary cost increases
- Sector-wide funding inequality
- Limited unrestricted reserves
Trustees continue to prioritise financial resilience and income diversification.
## **Risk Management**
6
The Trustees reviewed and monitored key risks:
- Financial sustainability
- Staff capacity and burnout
- Rising demand
- Safeguarding complexity
- Housing crisis impacts
Mitigation measures include:
- Strategic fundraising expansion
- Partnership-based delivery models
- Diversification through housing asset development
- Governance strengthening
- Revised Strategic Plan (2025–2030)
## **What We Are Most Proud Of**
During 2025–2026, we are particularly proud of:
- Sustaining frontline delivery despite sector-wide instability
- Supporting record numbers of vulnerable individuals
- Strengthening NHS and statutory partnerships
- Expanding regional access
- Advancing community asset transfer
- Building leadership capacity among grassroots organisations
- Maintaining our reputation as a trusted one-stop support hub
## **Challenges**
The primary challenge remains financial sustainability in an environment of:
- High demand
- Reduced local authority provision
- Competitive funding landscape
- Limited unrestricted reserves
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:
- Strengthening financial resilience
- Accelerating community asset development
- Expanding housing and homelessness interventions
- Increasing fundraising diversification
- Developing arts and cultural programmes
- Strengthening regional and digital hubs
- Enhancing partnership-based funding bids
## **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:
- Proper accounting records have been kept
- Financial statements comply with statutory requirements
- Assets are safeguarded
- Reasonable steps have been taken to prevent fraud
## **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:-
- a) examine the accounts under section 145 of the Act;
- b) follow the procedures in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
- c) state whether particular matters have come to my attention.
## **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