HMRC Charitie5 Reference No. XR75454 AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Registered with The Charity Commission for Northern Ireland NIC105267
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND CONTENTS Page Charity information Report of the management committee Independent auditor's report Statement of financial activities Balance sheet Notes to the financial statements 9-14
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND CHARITY INFORMATION Management Committee Dr Livingstone Thompson Lorraine Gatsi-Barnett Simon Barr Lilian Vellem Clover Watts Anurag Deb Chairperson Treasurer Business Manager Omer Osman HMRC Charities Reference number XR75454 The Charity Commisslon for Northern Ireland number NIC105267 Office 9 Lower Crescent Belfast BT7 1NR Independent auditor Johnston Kennedy DFK Chartered Accountants 10 Pilots View Heron Road Belfast BT3 gLE Bankers AIB (NI) 35 University Road Belfast BT71ND
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31 MARCH 2023 The management committee presents their annual report together with the aLtdited financial slatements for the year ended 31 March 2023. Structure, governance and management Gover document African and Caribbean Support Organisation Northern Ireland has been granted charitable status by HM Revenue & Customs, under reference XR75454 and is registered wilh The Charity Commission for Northern Ireland under charity number 105267. Mana ement Commiltee The charity is controlled by the management committee. The committee meets a minimum of six times Fer year, with additional meetings being held whenever deemed necessary, to oversee the day to day running of the charity. The committee meetings are required to be attended by a minimum of three elected committee members. Principal activities The organisation is established to advance education, relieve poverty, protect and promote public health and to promote the benefit of the inhabitants and in particular the communities of African and Caribbean descent living in Northern Ireland. This assistance is primarily aimed at individuals and community groups ofAfrican, Mixed Heritage andlor West Indian origin and descent and their dependents {hereinafter called the "beneficiaries") living in Northern Ireland (hereinafter called the "area of benefit"). Help and assislan¢e is provided regardless of age, gender. disability, sexual orientation, nationality, ethnic identity, political or religious opinion. This is done by liasing with the statutory authorities. communily and voluntary organisations and the beneficiaries in a common effort to advance education and to provide facilities in the interests of social welfare for recreation or other leisure-time occupalion with the objective of improving the conditions of life for the said beneficiaries. In particular the charity aims in the area of benefit to assist individuals=_ (a) in need, hardship or distress within the Caribbean, African, Mixed Heritage andlor West Indian communities, in particular Ihrough advocacy and the provision of advice and support., (bl advance education in all matters relating to Caribbean, African. Mixed Heritage andlor West Indian arts, history. traditions. language and culture. thereby promoting good race relations in an effort to foster a sentiment in favour of equality and diversity and thereby endeavouring to eliminate racial discrimination", (cl preserve and protect good heallh. particularly but not exclusively through the provision of forums, projects. seminars and workshops., (dl in particular those of Caribbean. African, Mixed Heritage andlor West Indian origin with their education and training who through their social and economic conditions are in need and unable to gain employment. This is achieved by assisting in the provision of facilities, forums, projects. classe5 and seminars necessary for such training and education so as to enable them to acquire and develop vocational skills., (e) advance any other exclusively charitable purpose which the management committee may from time to time decide in accordance with the objectives of the charity. Achievements and performance The committee are pleased to report that they have continued to make progress with their aims in the currenl period of operation.
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND REPORT OF THE MANAGEMENT COMMITTEE (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Financial review The financial statements show net incoming resources of £22,434 which have been transferred lo reserves. The principal source of income in the year Lsnder review is funding income. Reserv The unrestricted reserves of the charity at 31 March 2023 amounted to £5,160. The restricted reserves of the charity at 31 March 2023 amounted to £28,450 Our policy is to increase our general reserves to ideal levels by means of accumulating the net annual income surplus. Management Committee The following management committee members have held office during the period to 31 March 2023.. Dr Livingstone Thompson (Chairperson) Lorraine Gatsi-Barnett (Treasurer) Simon Barr Michael Gibbs Lilian Vellem Clover Watts David Johnston Anurag Deb (Resigned May 2022) (Resigned August 2022) None of the members of the management Committee held a beneficial interest in the assets ofthe charily. Each year the retiring office bearing committee members shall be eligible for r&election for up to three consecutive years, thereafter a member shall take a compulsory break of at least one year. The management committee will have the power to Co-opt up to three additional members and also invite staff to attend meetings whenever appropriate but they shall not have the power to vote. Statement of management committe responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 {FRS 102)., make judgements and accounting estimates thal are reasonable and prudent-, state whether applicable UK Accounling Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operalion. The trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain the charity's transactions and disclose wilh reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND REPORT OF THE MANAGEMENT COMMITTEE (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Auditor A resolution proposing that Johnston Kennedy DFK be reappointed as auditor of the charity will be put to the Annual General Meeting. Statement of disclosure to auditor So far as the management committee at the date of approving this report is aware, there is no relevant audit infomiation of which the charity's auditor is unaware. Additionally, the management committee have taken all the necessary steps that they ought to have taken as a management committee in order to make themselves aware of all relevant audit information and to eslablish that the charity's auditor is aware of that information. Political and charitable donations During the year the charity made no political or charitable contributions. On behalf of the board Lorraine Gatsi-Barnett Treasurer
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF AFRICAN & CARIBBEAN SUPPORT ORGANISATION NI Opinion We have audited the financial statements of African and Caribbean Support Organisation Northern Ireland (the 'charity') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have fomed. In our opinion Ihe financial statement5'. give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of ils incoming resources and expenditure of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepled Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and app5icable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol the financial statements section of our report We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our olher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the tharity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the annual report of the management committee. other than the financial stalements and our auditor's report thereon. Our opinion on the financial statements does not Cover the other information and. except to the extent olherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied, we conclude that there is a material rnisstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AFRICAN & CARIBBEAN SUPPORT ORGANISATION NI Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified malerial misstatements in the management committee report. We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 requires us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustee's report., or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records., or we have not received all the infomation and explanations we require for our audit. Responslblllties of the management committee As explained more fully in the statement of management committee responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 65{3)Ibl of the Charities Act (Northern Ireland) 2008 and report in accordance with regulations made under section 66 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exisls. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at: https.'Il www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditor's report. Mr Duncan Graham (Senior Statutory AuditOT} for and on behalf of: Johnston Kennedy DFK, Statutory Auditor Chartered Accountants 10 Pilots Vlew Heron Road Belfast BT3 9LE Date:
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Restricted Unrestrlcted funds funds Total 2023 Total 2022 Notes Income and endowments from: Income from charitable activities Donations 75,594 7,536 83,130 44,271 1,717 Total income and endowments 75,594 7,538 83,132 45,988 Expenditure on: Charitable aclivities 57.568 3,130 60,698 35.813 Total expenditure 57.568 3,130 60,698 35.813 Net income 18.026 4,408 22,434 10.175 Transfers between funds Net movement in funds 18,026 4,408 22,434 10,175 Reconciliation of funds Total funds brought forward 10,424 752 11,176 1.001 Total funds carried forward 28.450 5,160 33,610 11.176 Incoming resources and resources expended Majority of incoming resources and resources expended are restricted and have been designated for specific purposes. Continuing operations The statement of financial adivities has been prepared on the basis that all operations are continuing operations. Total recognised gains and losses There are no recognised gains and losses other than those passing through the statement of financial activities. Historical cost The results as disclosed in the statement of financial activities and the surplus for the year have been presented on an historical basis. Comparatlves The comparative5 of amounts by fund have been disclosed in notes 3 and 4. The notes on page5 9 to 14 form part of these financial statements
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets 1,698 2,359 Current assets Debtors Cash at bank and in hand 10 27,504 3,294 53,281 53,281 30,798 Creditors: amounts falling due within one year 11 (21,369) (21.981} Net current assets 31,912 8,817 Total assets less current liabilities 33,610 11.176 Represented by: Restricted funds Unrestricted funds 12 12 28,450 5,160 10,424 752 Total funds 12 33.610 11.176 The fina tat ts re approved by the Committee on ....... and are signed on its behalf by.. Dr Livingstone Th Chairperson mpson Lorraine Gatsi-Barnett Treasurer HMRC Charities Reference No. XR75454 Registered with The Charity Commission for Northern Ireland NIC105267 The notes on pages 9 to 14 form part of these financial statements
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Princlpal accounting policies Charity information African and Caribbean Support Organisalion Northern Ireland is a charity registered in Northern Ireland. The regislered office is 9 Lower Crescent, Belfast, BT7 1 NR. 1.1 Basis of preparatlon The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance wilh 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 IFRS 1021 issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Charities Act (Northern Ireland) 2008 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of Ihe charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless othemise stated. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Fund accounting Restricted and designaled funds of the charity are those on which the donor has imposed restrictions or the committee has applied for a particular purpose. The uses of such funds are set oul in the financial slatements. The unrestricled reserves are those which the charity may use for its purpose at its discretion in furtherance of the general objectives of the charity, and which have not been designated for any other purpose. 1.4 Incoming resources The charity's income arose from restricled sources being grant funding and unrestricted resources being membership fees and donations. The grant income has certain restrictions imposed on it and il can only be used for a particular purpose. The unrestricted income Can be applied at the discretion of the management committee in furtherance of the organisations charitable objectives. Income arose wholly in the United Kingdom. 1.5 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows.. Fixtures. fittings & equipment Computer equipment 250/0 Reducing balance 250/0 Straight line 1.6 Pensions The charity operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged lo the income and expenditure account in the year they are payable.
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Principal accounting policies (Continued) 1.7 Taxation The charity is a registered charity and is not liable to tax on surpluses generated or investment income derived from activities within the scope ol the charitable exemptions. 1.8 Government grants Revenue grants are credited to incoming resources on the earlier of when they are reiVed or when they are receivable. unless they relate to a specified future period, in which case they are deferred. Grants for the purpose of capital expenditure are credited lo restricted incoming resources when receivable. transferred to designated funds on purchase of the asset and then released to general reserves over the related aSt'S useful life. Net incoming surpluslldeficit) 2023 2022 Net incomin sur lusl deficit is sta Depreciation of tangible assets Auditors, remuneration ed after char 661 1,436 760 1,259 Statement of Financial Activity: Restricted Funds 2023 2022 Income and endowments from: Income from charitable activilies 75,594 44,271 Total income and endowments 75,594 44,271 Expenditure on: Charitable activities 57,568 35,123 Total expendlture 57.568 35,123 Net Income 18.026 9,148 Transfers between funds 830 Net movement in funds 18,026 9,978 Reconclllation of funds: Total funds brought forward 10,424 446 Total funds carried forward 28,450 10,424 10
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement of Financial Activity: Unrestricted Funds 2023 2022 Income and endowments from: Income from services Donations 7,536 1,717 Total income and endowments 7,538 1,717 Expenditure: Total expenditure 3,130 690 Net income 4,408 1,027 Transfers between funds (830) Net movement in funds 4,408 197 Reconciliation of funds: Total funds brought forward 752 555 Total funds carried forward 5,160 752 Charitable activites Restricted income 2023 2022 Joseph Rowntree Charitable Trust TNL Community Fund - B.A.M.E. 53,125 22,469 44,271 75,594 44.271 Expenditure on charitable activities 2023 2023 Restricted Unrestricted funds funds 2023 Total funds 2022 Total funds Charitable activities Support costs 2,511 55,057 2,511 58,187 4.787 31,026 3,130 57,568 3.130 60,698 35,813 11
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activites - Expenses 2023 2022 Workshop costs and venue hire Hospitality at events Culture and arts costs for events Event promotion 3,110 150 1,375 152 200 2,311 2,511 4.787 Charitable activites Support costs 2023 2022 Wages & salaries Employerfs Nl contributions Staff pension costs Other staff costs Advertising Insurance Light & heat Repairs & maintenance Cleaning Stationery, printing & postage Telephone Legal & professional fees Bank charges Travelling expenses Sundry Depreciation 2019120 funding not received Independent audit 46,180 15,911 648 78 303 800 411 910 1,489 1,108 497 97 1,640 920 581 261 968 2,928 2,252 1,937 1.029 1,390 1.288 417 95 66 760 661 891 1,436 1,259 58,187 31,026 12-
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Tangible fixed assets Fixtures, fittings & equipment Comput9r equipment Total Cost At 1 April 2022 and 31 March 2023 6,289 6,383 12,672 Depreciatlon and impairment At 1 April 2022 Depreciation charged in the year 4,365 481 5,948 180 10,313 661 At 31 March 2023 4,846 6,128 10,974 Carrying amount At 31 March 2023 1,443 255 1,698 At 31 March 2022 1,924 435 2.359 10 Debtors 2023 2022 Amounts falling due within one year: Trade debtors Other debtors 26,374 1,130 27,504 11 Credltors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income 966 21.015 21.369 21.369 21.981 12 Statement of movement on reserves Restricted Unrestricted reserves reserves Total reserves Balance at 1 April 2022 Net incoming resources for the year 10,424 18,026 752 4,408 11,176 22,434 Balance at 31 March 2023 28,450 5,160 33,610 13-
AFRICAN AND CARIBBEAN SUPPORT ORGANISATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Contingent liabilities There exists a conlingenl liability to repay all or part of the funding assistance received in the event that the conditions of offer are not complied with. 14-