NORTH WALES AFRICA SOCIETY (NWAS)
Financial Review
FOR THE YEAR ENDED 31[st] April 2024
Assets held on behalf of others: North Wales Africa Society (NWAS) does not hold any assets on behalf of others.
Investment policy: North Wales Africa Society (NWAS) does not hold investments or have an investment policy.
Annual accounts
The General Secretary / Treasurer confirms that the accounts for the 2023-2024 financial year comply with current statutory requirements and adhere to the North Wales Africa Society (NWAS) governing document (Constitution). The Treasurer presents a report along with the charity's financial statements for the year ending on 31st April 2024. These financial statements have been prepared following the Statement of Recommended Practice on Accounting and Reporting by Charities, as issued by the Charity Commission in 2005 (SORP 2005).
In the financial year 2023-2024, total incoming resources were £100,344.83, reflecting an increase of 32% from £67,299.00 in the previous year (2022-2023). Grants were the primary source of funding, contributing £99,568.45, which represents 99.9% of total income (compared to £65,928.94 or 97.9% in 2022-2023). Total resources expended amounted to £78,264.17 (99.4%), consisting of expenditures on operational projects.
The North Wales Africa Society (NWAS) is optimistic about the upcoming financial year concerning reserve funds. We believe that the resources and time invested during 2023-2024 will yield positive results and enhance the level of unrestricted funds in the future. The Executive team will continue to develop a fundraising strategy to ensure a sustainable future for the North Wales Africa Society (NWAS).
STATEMENT OF RESPONSIBILITIES OF THE DIRECTOR AND EXECUTIVES OF NWAS
The Directors and Executives are responsible for maintaining accurate accounting records that always reflect the financial position of the charity with reasonable accuracy. They must also safeguard the charity's assets and take appropriate measures to prevent and detect fraud and other irregularities. Additionally, the Directors and Executives are tasked with ensuring that this report is prepared following the charity law of England and Wales.
Reg Charity Number : 1197683
NWAS
Profit And Loss Account For the year ended 31[st] April 2024
| 2023/2024 | |||
|---|---|---|---|
| £ | |||
| Income | Donations_General | £776.38 | |
| Grant_NLCF_People & places 3 | £34,731.25 | ||
| Grant_WG Climate Conversations’23 | £3,500.00 | ||
| Grant_WWF UK | £103.85 | ||
| Grant_NUWREN | £2,400.00 | ||
| Grant_WG Anti-racism’23_Climate C | £4,990.00 | ||
| Grant_Gwynedd Council_YP | £1,341.85 | ||
| Grant_Jamii Project II | £24,071.50 | ||
| Grant_Windrush’23 | £2,000.00 | ||
| Grant_WG Anti-racism 23_NWAS | £4,990.00 | ||
| Grant_NLCF_DMSP | £20,000.00 | ||
| Grant_Great Big Green Week’23 | £1,440.00 | ||
| £100,344.83 | |||
| Expenses_General | £431.58 | ||
| Expenses | Expenses_NLCF_People & Places 3 | £38,737.94 | |
| Expenses_WG Climate Conversations’23 | £3,500.00 | ||
| Expenses_NUWREN | £1,895.97 | ||
| Expenses_WG Anti-racism 23_Climate C | £4,990.00 | ||
| Expenses_WG Anti-racism 23_NWAS | £4,990.00 | ||
| Expenses_Jamii Project II | £17,733.68 | ||
| Expenses_Windrush’23 | £2,000.00 | ||
| Expenses_NLCF_DMSP | £2,545.00 | ||
| Expenses_Great Big Green week’23 | £1,440.00 | ||
| £78,264.17 | |||
| Net (loss)/profit |
£22,080.66 |
Reg Charity Number : 1197683
SUMMARY OF THE MAIN ACHIEVEMENTS OF THE CHARITY DURING THE YEAR.
Spring: The Bangor Africa Caribbean Centre (BACC) celebrated its 2nd anniversary on May 25, 2023. NWAS hosted and organised a broad range of activities, including educational programs, healthrelated events, creative arts, social integration, and various community activities. These initiatives were beneficial to both ethnic minority communities and the wider local population. Notable events included the "Nutrition African Twist," “a celebration of Windrush Day 2023” featuring an interactive session and dinner, as well as a free Welsh culture and language workshop. Additionally, a free family workshop called the BLAS Pontio book club resulted in the publishing of a book. NWAS also facilitated a textile and art workshop as part of the Pobi FeI NI/ People Like Us project, coordinated by NWREN, which saw participation from community members.
Summer: NWAS's heritage project, Diversity Makes a Society Project (DMSP), focused on families with mixed heritage (i.e African/Caribbean & Welsh/British) and organised a successful summer carnival showcase attended by both members and the local community. A children's summer program, coordinated by the facilitator of the COVID-19 recovery program, also took place and garnered good attendance. NWAS collaborated with the Great Big Green Week (GBGW) for the Bangor Big Green Week 2023. The children of NWAS presented a dance drama at an African Music Festival organized by the Successors of the Mandingue. The COVID-19 recovery program, funded by the National Lottery Community Fund (NLCF), and the well-being initiative, Jamii Project 2, both entered their second year.
Autumn: NWAS organised a Black History Month Awards event in Llandudno, which was attended by over 150 members and non-members. NWAS also held an orientation/welcome event for new students and hosted a community dialogue event focused on climate conversations. As part of Jamii Project 2, NWAS launched a bicycle scheme and conducted fortnightly mental health workshops. Additionally, NWAS participated in the Welsh Government's Anti-Racism Action Plan for Environment, Climate Change, and Rural Affairs through a community dialogue initiative.
Extras: The ongoing culturally appropriate food parcels project continues to be a success, benefiting over 300 individuals, including students, mature students with families, and residents. Many beneficiaries are ethnic minority families across North Wales, including Gwynedd, Denbighshire, and Conwy. Volunteers played a crucial role in organising the purchasing and distribution of these food parcels
Reg Charity Number : 1197683
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) name(s) Dr Victor Ebuele Position General Secretary
Date 30/09/2024
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Name: Mary Okwuashi Relevant professional qualification ( if any) : n/a Date: 15/10/2024
Reg Charity Number : 1197683