REGISTERED COMPANY NUMBER: 01983362 (England and Wales) REGISTERED CHARITY NUMBER: 293588
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
NEWHAM AFRICAN CARIBBEAN CENTRE (A COMPANY LIMITED BY GUARANTEE)
NEWHAM AFRICAN CARIBBEAN CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
NEWHAM AFRICAN CARIBBEAN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01983362 (England and Wales)
Registered Charity number
293588
Registered office
627-633 Barking Road London E13 9EZ
Trustees
V JOHN A GRAZETTE N HOLLIGAN N HALL J FOSTER R HOPE V BROWN D CLARK
Approved by order of the board of trustees on 28 December 2022 and signed on its behalf by:
V JOHN - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWHAM AFRICAN CARIBBEAN CENTRE
Independent examiner's report to the trustees of Newham African Caribbean Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
E H TURKSON ACMA Hesse Armah 456 High Road Leyton London E10 6QE
Date:28 DECEMBER 2022.
Page 2
NEWHAM AFRICAN CARIBBEAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable 123,914 EXPENDITURE ON Charitable activities Charitable 103,660 NET INCOME 20,254 RECONCILIATION OF FUNDS Total funds brought forward 8,093 TOTAL FUNDS CARRIED FORWARD 28,347 |
2021 Total funds £ 87,456 82,968 4,488 3,605 8,093 |
|---|---|
The notes form part of these financial statements
Page 3
NEWHAM AFRICAN CARIBBEAN CENTRE
BALANCE SHEET 31 MARCH 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 3,996 CURRENT ASSETS Debtors 6 - Cash at bank and in hand 75,285 75,285 CREDITORS Amounts falling due within one year 7 (50,934) NET CURRENT ASSETS 24,351 TOTAL ASSETS LESS CURRENT LIABILITIES 28,347 NET ASSETS 28,347 FUNDS 8 Unrestricted funds 28,347 TOTAL FUNDS 28,347 |
2021 Total funds £ 3,228 4,384 38,062 42,446 (37,581) 4,865 8,093 8,093 8,093 8,093 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 December 2022 and were signed on its behalf by:
V JOHN - Trustee
The notes form part of these financial statements
Page 4
NEWHAM AFRICAN CARIBBEAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Computer equipment - 20% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
NEWHAM AFRICAN CARIBBEAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 613 | 378 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Charitable activities | |
| Charitable | 87,456 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable | 82,968 |
| NET INCOME | 4,488 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 3,605 |
| TOTAL FUNDS CARRIED FORWARD | 8,093 |
Page 6
NEWHAM AFRICAN CARIBBEAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
| 5. | TANGIBLE FIXED ASSETS | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Improvements | Fixtures | ||||||||
| to | Plant and | and | Computer | ||||||
| property | machinery | fittings | equipment | Totals | |||||
| £ | £ | £ | £ | £ | |||||
| COST | |||||||||
| At 1 April 2021 | 13,431 | 661 | 40,902 | 2,803 | 57,797 | ||||
| Additions | - | 650 | - | 731 | 1,381 | ||||
| At 31 March 2022 | 13,431 | 1,311 | 40,902 | 3,534 | 59,178 | ||||
| DEPRECIATION | |||||||||
| At 1 April 2021 | 10,343 | 661 | 40,776 | 2,789 | 54,569 | ||||
| Charge for year | 309 | 130 | 25 | 149 | 613 | ||||
| At 31 March 2022 | 10,652 | 791 | 40,801 | 2,938 | 55,182 | ||||
| NET BOOK VALUE | |||||||||
| At 31 March 2022 | 2,779 | 520 | 101 | 596 | 3,996 | ||||
| At 31 March 2021 | 3,088 | - | 126 | 14 | 3,228 | ||||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2022 | 2021 | ||||||||
| £ | £ | ||||||||
| Trade debtors | - | 4,384 | |||||||
| 7. | CREDITORS: AMOUNTS FALLING | DUE | WITHIN ONE YEAR | ||||||
| 2022 | 2021 | ||||||||
| £ | £ | ||||||||
| Social security and other taxes | 48,934 | 35,681 | |||||||
| Accrued expenses | 2,000 | 1,900 | |||||||
| 50,934 | 37,581 | ||||||||
| 8. | MOVEMENT IN FUNDS | ||||||||
| Net | |||||||||
| movement | At | ||||||||
| At | 1.4.21 | in funds | 31.3.22 | ||||||
| £ | £ | £ | |||||||
| Unrestricted funds | |||||||||
| General fund | 8,093 | 20,254 | 28,347 | ||||||
| TOTAL FUNDS | 8,093 | 20,254 | 28,347 |
Page 7
NEWHAM AFRICAN CARIBBEAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 123,914 123,914 |
Resources Movement expended in funds £ £ (103,660) 20,254 (103,660) 20,254 |
|---|---|---|
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.20 | in funds | 31.3.21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 3,605 |
4,488 | 8,093 |
| TOTAL FUNDS 3,605 |
4,488 | 8,093 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 87,456 |
(82,968) | 4,488 |
| TOTAL FUNDS 87,456 |
(82,968) | 4,488 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,605 | 24,742 | 28,347 |
| TOTAL FUNDS | 3,605 | 24,742 | 28,347 |
Page 8
NEWHAM AFRICAN CARIBBEAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 211,370 211,370 |
Resources Movement expended in funds £ £ (186,628) 24,742 (186,628) 24,742 |
|---|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 9
NEWHAM AFRICAN CARIBBEAN CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND ENDOWMENTS Charitable activities Lettings Sundry Income LB of Newham LB of Tower Hamlet LBS-Covid Support Grant HMRC-Furlough Grants Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries SBN-Expenses Repairs Cleaning & Hygiene Professional Fees Staff Travel Volunteers Expenses Health and Safety Anniversary and Events 50+ Friendly Group Expenses Software and Licenses Support costs Finance Bank charges Governance costs Accountancy Improvements to property Plant and machinery Carried forward |
2022 £ 65,816 10,029 3,824 20,680 - 23,565 123,914 123,914 72,858 844 2,831 3,510 992 4,611 1,225 109 1,707 120 - 445 1,975 3,817 252 1,093 - 4,619 65 - 101,073 774 1,200 309 130 1,639 |
2021 £ 7,579 4,918 - - 25,000 49,959 87,456 87,456 62,033 3,650 3,092 2,090 941 2,209 200 632 546 - 90 - 1,421 3,446 251 - 350 - - 13 80,964 426 1,200 343 - 1,543 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
NEWHAM AFRICAN CARIBBEAN CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Governance costs Brought forward Fixtures and fittings Computer equipment Total resources expended Net income |
2022 £ 1,639 25 149 1,813 103,660 20,254 |
2021 £ 1,543 31 4 1,578 82,968 4,488 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11