Registered number: 01983362 Charity number: 293588
Newham African Caribbean Centre
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31/03/2025
Newham African Caribbean Centre
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2025
TRUSTEES V JOHN N HOLLIGAN N HALL J FOSTER R HOPE V BROWN D CLARK A GRAZETTE
REGISTERED OFFICE 627-633 Barking Road London E13 9EZ
COMPANY NUMBER
01983362
CHARITY NUMBER 293588
page 1
Newham African Caribbean Centre
| ACCOUNTS | ||
|---|---|---|
| FOR THE YEAR ENDED 31/03/2025 | ||
| CONTENTS | ||
| Page | ||
| Reportof theTrustees | 3 | |
| Independent Examiner'sStatement | 4 | |
| Statement of Financial Activities | 5 | |
| BalanceSheet | 6 | |
| Notes to theAccounts | 7to9 | |
| Detailed Statement of Financial Activities | 10 |
page 2
Newham African Caribbean Centre
FOR THE YEAR ENDED 31/03/2025
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2025
PRINCIPAL ACTIVITIES
The principal activity of the charity in the Year under review was that of running a community cultural Centre.
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.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 15/12/2025
V JOHN
Trustee
page 3
Newham African Caribbean Centre
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWHAM AFRICAN CARIBBEAN CENTRE
I report on the accounts of the company for the year ended 31/03/2025.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
...................................................
Date: 15/12/2025
E H TURKSON ACMA
HESSE ARMAH ACCOUNTANTS
page 4
Newham African Caribbean Centre
Statement of Financial Activities
for the year ended 31/03/2025
| Income Incomefrom generated funds Donations andGrants Incomefrom charitable activities TotalIncome and endowments Expenses Costsof generating funds Expenditureon Charitable activities TotalExpenses Net gains on investments NetIncome Gains/(losses) onrevaluation of fixed assests Netmovementinfunds: Net income fortheyear Total fundsbrought forward Net funds carriedforward |
Unrestricted funds £ 30,290 81,348 111,638 165,889 165,889 (54,251) (54,251) 98,859 44,608 |
Restricted funds £ - - - - - - - - - |
2025 Total £ 30,290 81,348 111,638 165,890 165,890 (54,252) (54,252) 98,859 44,607 |
2024 Total £ 86,967 87,379 |
|---|---|---|---|---|
| 174,346 | ||||
| 129,468 | ||||
| 129,468 | ||||
| 44,878 | ||||
| 44,878 53,981 |
||||
| 98,859 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 5
Newham African Caribbean Centre
| BALANCE SHEET AT 31/03/2025 FIXED ASSETS Tangible assets CURRENTASSETS Cashat bank and in hand CREDITORS: Amountsfalling duewithin oneyear NET CURRENTASSETS TOTALASSETSLESS CURRENT LIABILITIES Notes 4 5 CAPITALANDRESERVES Unrestricted funds General fund 7 |
72,862 72,862 30,905 |
2025 £ 2,650 41,957 44,607 44,607 44,607 |
122,037 122,037 26,209 |
2024 £ 3,031 95,828 |
|---|---|---|---|---|
| 98,859 | ||||
| 98,859 | ||||
| 98,859 |
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of tr ustees on 15/12/2025 and signed on their behalf by
.............................
V JOHN
Trustee
page 6
Newham African Caribbean Centre
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming R esour ces
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. R esour ces Expended
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.
1d. Allocation and Apportionment Of C osts
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. 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.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings Plant and Machinery Fixtures and Fittings Equipment
reducing balance 10% reducing balance 20% reducing balance 20% reducing balance 20%
page 7
Newham African Caribbean Centre
1g. Pension C osts
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1h. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1i. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
| Averagenumberofemployees 3. PENSIONCONTRIBUTIONS Pension contributions |
2025 No. 4 2025 £ - - |
2024 No. 4 2024 £ 2,174 |
|---|---|---|
| 2,174 |
- TANGIBLE FIXED ASSETS
| Cost At 01/04/2024 At 31/03/2025 Depreciation At 01/04/2024 For the year At 31/03/2025 NetBookAmounts At 31/03/2025 At 31/03/2024 |
Land And Buildings £ 13,431 13,431 11,180 225 11,405 2,026 2,251 |
Plant and Machinery £ 1,311 1,311 978 67 1,045 266 333 |
Fixtures and Fittings £ 40,903 40,903 40,838 13 40,851 52 65 |
Equipment £ 3,534 3,534 3,152 76 3,228 306 382 |
Total £ 59,179 |
|---|---|---|---|---|---|
| 59,179 | |||||
| 56,148 381 |
|||||
| 56,529 | |||||
| 2,650 | |||||
| 3,031 |
page 8
Newham African Caribbean Centre
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 5. CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR | ||
|---|---|---|
| Taxationandsocialsecurity Othercreditors |
2025 £ 26,005 4,900 30,905 |
2024 £ 23,809 2,400 |
| 26,209 |
6. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2025 there were 6 members.
7. UNRESTRICTED FUNDS
| General fund | Brought forward £ 98,859 98,859 |
Incoming resources £ 111,638 111,638 |
Outgoing resources £ (165,890) (165,890) |
Transfers £ - - |
Carried forward £ 44,607 44,607 |
|---|---|---|---|---|---|
page 9
Newham African Caribbean Centre
| IncomingResources fortheyearended31/03/2025 Incomingresources Incomingresourcesfromgeneratedfunds Grants LBof Tower Hamlets Other SNBIncome OtherIncome Charitable Activity Lettings |
20,652 9,638 - 81,348 |
2025 £ 20,652 9,638 30,290 81,348 81,348 111,638 |
62,262 24,255 450 87,379 |
2024 £ 62,262 24,705 |
|---|---|---|---|---|
| 86,967 | ||||
| 87,379 | ||||
| 87,379 | ||||
| 174,346 |
page 10
Newham African Caribbean Centre
| Expenses Costs of generatingfunds Charitable Activities Advertisementand Promotion Staff Travel Grantsto Partners Rates Heat and light Cleaning Repairs andrenewals Healthand Safety Licences and Registrations Salaries Pension contributions Volunteers' Expenses Staff Welfare SundryEquipment AccountancyFees Professional fees Stationery& office supplies PhotocopierExpenses Telephone Anniversaries and Events 50+FriendlyGroup SNBExpenses Bankcharges Depreciation of Improvement to Property Depreciation of plantand machinery Depreciation of fixtures and fittings Depreciation ofequipment Expenses fortheyearended31/03/2025 |
2025 £ 919 935 26,410 4,806 8,152 1,821 613 2,218 175 102,621 - 2,548 - 2,426 1,500 1,000 120 3,544 757 2,530 303 1,272 840 224 67 13 76 165,890 165,890 |
2024 £ 500 581 - 4,517 11,109 1,990 239 - 335 76,839 2,174 - 1,780 - 1,500 2,922 1,036 1,805 2,522 1,571 - 16,823 780 251 83 16 95 |
|---|---|---|
| 129,468 | ||
| 129,468 |
page 11