THE AFRICULTURE NETWORK Charity Number: SCO51567 Company Number. SC717381 (A company limited by gu*rantee) Report of the Trustees and Financial Ststements for the year to 31 December 2025
Company Itwited by guarantee Contents Page Repori ofihe TrSt£S 3105 Independeni Examiners Rewrt to ihe members emen¢ ofFinancialAclivilies Balance Sheel 8109 Notes lo ihe Financialsiatements Ioto 12
THE AFRICULTURE NETWORK Company limited b). guralltee Report of the Trustees for the Year Ended 31 December 2025 The trustees. who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the finan¢ial statements of the charity for the year end¢d 31 December 2025. The trustees have adopted th¢ provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102) second edition (Iktober 2019). STRUCTURE, GOVERNANCE AND MANAGKMKNT Governance The Atriculture Network is a charitsbl¢ company limited by guarantee. incorporated on 10 De¢ember 2021. The company was established under a Memorandum of Ass(Kiation and is govemed under its Articles of Association, which set out the objectives and powers of the charttable cornpany. Africulture Network was registsred a5 a charity by the Office of the Scottish Charity Regulator (OSCR) on 4° February 2022. Recrultmenl thnd ppointment of new trustees The directors of the company are the meMrS and tSleeS of th¢ charity for the purposes of Charity law and are known as the trustees. Under the qUireMentS of the Articles of Asso¢iation. Truslees are appointed by Ordinary Resolution passed at a duly convened General M¢¢ting of the Members or by appointment by the existing Trustees of th¢ charity. Trustees may be removed if they fail to meet the requirements specified in Article 39. Organiyatiollal Structure and Decision Mgking Thc Iloard of Tru.8lees fornially mcl three times during the pertod. Between meeting8 they communicated by email, telephone, video conferencing andlor face-to-face discussion. The Trustecs collectively set strategy. and approve the initialion, continuation and tcmination of significant charitable initiatives. Rl8k management The Truste¢s have a duty to identify and review the risks to which the charity is exposed. They seck to ¢n5ure appropriate controls are in place lo provide reasonable assurance against fraud and ermr. We believe that these safeguards, together wilh mainlaining our cash reserve5 at the levels indicated in th¢ Financial Review s¢ction. will provide sufficient resources in the event of adverse conditions occu18. Fundraising The Africulture NeOrk does not employ professional fvndraisers and has not soughi to rcgister with the Fundraising Regulator but complies with all the relevant wtions of the Fundrnising Regulator's Code of Fundraising Pra¢tic¢. 0CTIvEs AND AVVITIF,s Objects Th¢ ¢harity's purpose4 which are for the public benefiL ar¢ s& out in the Articles of ASlatIOn and arc.. (l) Improve culturdl diveTsity in Scotland. (2) Promote African culthre and heritsge. (3) Celebrate th¢ socio-hislorical connection Ertwgen Africa and Swtiand. Adivi¢ies (l )Providing a forum for Africans and non-Africans to learn abo the rich history and culture of the African contincnt. {2) Running Y]0u5 cducational foTuJns and culturnl ev¢nts in the Scottish economy.
Comptty limited by gu#raDtte Report of the Trustees for the Year Ended 31 Deetmber 2025 coDtillued Public Benefit In exercising their tK)wers and dutie4 the Trustees have had due regard for the public benefit guidance of OSCR. All the activities oftheNetwork are undertaken to further its charilable purposes for the public benefit. The'frustees will regularly review the activities of the charity and look at the successes and challenges experienced and the outcomes for the beneficiaries we aTe seeking to &ssisL These reviews will help vs ensur¢ our planned future activities bring charitable benefit and cA)ntribute tK>sttively to the aims and objectives set. ACHIEVEME AND PERFORMANCE Achievements and Perforniance thn)ughout the year Perfoming six (6) AfriTales sessions at various primary s¢h(M)Is across Aberdeen City & Shire. AfriTales sessions involve a visit of two (2) or more charity volunleers to primary schools to read non-fiction books and educate pupils about history and culture of parts of Africa. In some case4 multipl¢ visits were made to schools. We engaged with approximately 450 primary school studenls. Lunch&Ltarn event delivered in CNR. This was a cultural exhibition to promote the divct3ity of African ulture in Aberdeen. Th¢ event was well received by CNR employees that attended ihe event. Charity Kiltwalk- African print and Kilt strut community walk. Internaiional Sch(M)l Aberdeen (ISA) Inlernaiional Festival- AfriTales session and ¢xhibition and inforniation session. FJNANCIAL REVIEW Investment policy and objectivcs The General Fund currently holds all funds which have been contributed towards the work io be Carried out by the charity. It is not the intent of the Trusl¢¢s to a¢cumulal¢ funds but rather to deploy available funding to finance the tivities which will lead to delivery of the purpose4 subject to maintaining a reasonable level of working ¢8pitsl. Reserves lleY The Truste¢s aim to carry sufficient genernl unrestrictd reserves in cash to meet the commit*d charitable activities. Fillan¢ig1 pojition The Africulture Network had inwmc in this period of £1,835 (2024 - £nil) while total expenditure for the year amounted to £850 (2024 - £4.468) including acCnl governance costs. The balance of cash in lTh¢ Africuliiire Network bank a¢count at the end of tkcetnbcr 2025 w&$ £999 (2024- £644). Charity funds at the ¢nd of the period were £309 (2024 - funding deficit of£(676)). Going eoneern As the trustees have resolv¢d to wind up the charity in the ¢OUTS¢ of the Current finala1 year, the financial statements reflt the ability of the charity to m¢et its outstanding liabilities in this period prior to winding up. FUTURE PLANS The trustees of the Africultyre Network have resolved to wind up the charity as it has been determincd that there is insufficient supp)rt to continue to meet the objectives of the charity. A request will be made to OSCR in the urrent period for approval for the dissoluts.on of the charty.
THE AFRICULTURE NETWORK Company limited by gurDtse Report of the Trustees for the Year Ended 31 De£ember 2025 continued REFERENCE AND ADMtMSTRATtVE DETAtLS Registered Company number SC717381 Regigtered Charity number SC051567 RlStered ol¢e 18 Auchlee Gardens Ab¢rde¢n, AB12 4AD Trustees E. Akin T. M. Anagboso B. Ogosi Primary Banker Barclays Bank 163-165 Union Street Aberdeen. ABI16SL Independent ex*miner Brian Millcr BA CA 94 Blcnh¥im Place Aberdeen. AB25 2DY Approved by ordu of the board of trustees on 31 # March 2026 and signed on its behalf by:
Company limited by gllarantee Independent Examintrs, Report to the Trnsttes of The Africulture Network I r¢port on the financial statements of The Africulture Network for the year ended 31 tk¢emb¢r 2025 which are set outonpages7to 11. Respective responsibilities of trnstees and etsminer The charitys tTUSte¢s (who are also the dire£tors for the PUTposes of company law) are responsible for the preparation of th¢ a¢counts in accordance with the requirements of the Charities and Trnslee Investment (Scotland) Act 2005 ({'the 2005 Act.). the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 ('the 2006 Act.). The charity's trustees are satisfied that the accounls of the Company are not required by charity or company law to be audited and hav¢ chosen instead to have an independent examination. Having satisfied myself that the accounts of the Company are not r4uired to be audited under Part 16 of the 2006 Act and are eligible for independent examination. l report in respecl of my examination of the Cornpany's accounts carried out under Section 44( l Kc) of the 2005 Art. BASIS of Independenl examiDer8' report My examination w&s caled out in accordance with Regulation I l ofthe Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounls pr¢sented wilh those records. It also includes consideration of any unusual items or disclosures in th¢ accounts and seeking explanations from you as trustees conc¢min8 any such matters. The procedures undertaken do not provide all thc eviden¢¢ that would be required in an audiL and ¢onsequently no opinion is given as lo whether the COUnts present a'true and fair view, and the report is limited to those matters Sei out in the stal¢ments below. Ind¢pendetsl tXAminers' s¢atemenl In L()nn¢clion with my examination, no matter has comc to my attention: (l) which gives me reasonable Cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006 and stiOn 4411 Xa) of the 2(M)5 Ac¢ and to prepaTe accounts which accord with the aontIng records and comply with the accounting requirements of the Companies Ad 2006, Section 44(IXb) of the 2005 Act and Regulation 8 of the 2006 AOunts Regulations have not been MCL or (2) to which, in my opinion. attention should drawn in order to ¢nabl¢ a proper understanding of the financial slatements to be reached. Brian Millcr CA Dat¢.' 17th April 2026
THE AFRICULTURE NETWORK Company limited by guar*Dtee Cbgrity Number: SC051567 CompaDy Number. SC717381 ststement of Flnartcial Activities for the year ellded 31 December 2025 Note 2025 2024 Restricted Unrestricted funds funds Total Total Income endowments from: Donalions and legacies Charitable activities 2.085 2,085 Totsl Income Expellditure on: Raising funds Charitable tIvitieS 16 834 16 834 4,468 Totsl Expenditure 850 850 Net IncomeJ(F.xpendi¢ure) Transfcrs b¢een funds 1235 1235 (4,468) Net Movemeni In FuDd8 1235 123$ (4,468) RecollciliAtioll of funds: Toial funds brought forward Totsl fullds CArried fonvard 676 559 676 559 676 Contlnulng Operations: All income and expenditure has arisen from continuing activities.
THE AFRICULTURE NETWORK Compmy liniitwj by guarnte¢ ChArity Number: SCO517 Comp¥4Dy Number. SC717381 Balance Sheet as at 31 December 2025 Restricted UDreJtrieted funds funds 2025 2024 Note Currenl assets Cash at bank and in hand 644 999 999 644 Crediiors - amounts falling due within one year Net ¢yrrtnt wets {440) (440) (1,320) 559 559 (676) (676) Nel ssets 559 559 Funds R¢stricted funds Unrestricied fun(ts 559 {676) Totsl funds 559 (676) The director5, Statements required by Sections 475 (2) and (3) are sho1 on th¢ following page, which forttks part of this Balance Sh¢¢t. The notes on pag¢s l O to 12 fom] an integral part of these financial statements.
THE AFRICULTURE NETWORK CompaDy lÉmited by guarantee Bg1gn¢e sheet ¢ontiDu¢d Dirertors, Statements in a¢¢ordattee with Section 475 {2) and {3) for the yoar eDded 31 Dettmber 2025 In approving these accounts dircctors of the company. we hereby confimi: (a) The financial slalem¢nts have been prepared in acwrdance with the special provisions relating to companies subject to th¢ svnall companies regime within Part 15 of the Companies Act 2006 and the Small Companies and Groups (Accounts and Directors. Report) Regulations 2008. (b) That for the year stated aEove the ¢ompany entitled to the exemption from audit confenEd by Section 477 of the Companies Act 2006 relating to small companies: {¢) That the members have not r¢quir¢d the company to obtain an audit of its financial statements for the year in qucstion in accordan¢x with Section 476" and (d) That we acknowl¢dg¢ our responsibilities for complying with the requirements of the Act in respect to coUntIng records and the preparation of financial stat¢m¢nts. l.) Ensuring that th¢ wmp4ny keeps OUntAn8 records which comply with Section 386 and 387 of the Companies Act 21x16. and 2.) Preparing financial statements which give a true and fair view of the stats of affairs of the company &% at the ¢nd of th¢ financial year and of ils profit for the year then ended in aordanCe with the requirements of Section 394 and 395 and which oth¢rwis¢ ¢omply with the requirements of the Companies Act 2(Ki6 relatin8 to financial slalements, so far as applicable to the company. The financial statements were approved by the Board of Tte¢S on 31" March 2026 and signed on its behalf by: '.M. Anagboso Trusl¢e
THE AFRJCULTURE NrnVORK Company limited by g¥*r#lltee Notes to the financial slalements for the year eDded 31 December 2025 l. Basis of preparntion and priDtipAI accounting polieies 1.1 Basis of preparation of fmancial $latemeRts The Africulture Network is a charitable company. limited by guarante¢. registered in Scotland. It is also registered as a charity with the olee of the Swttish Charity Regulator (OSCR). The registered numbers and address of the regislered office can be found in the Report of the Trustees. The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been in accordance with Section l A "SMAII Entities. of Financial Rew)rting Stsndard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Charities SORP (FRS 102) second edition - October 2019, the Companies Act 2006. the Charities and Trustee Investment (Scotland) Act 25 and the Charity Accounts (Scotland) Regulations 2006 (as amended). The financial slat¢m¢nts are prepared on a going concern b1$ under the histori¢al cost convention, modified to include certain items at fair value. 1.2 Income All income is recognis¢d in the Ststement of Financial Activlties once the charity has entitlement to the funds, it is probable thai the income will be received and the amount can bc measured reliably. For donations to be rewgnised the charity will have been notifi¢d ofthe amounts and the settlement dale in wriling. If there are wnditions allached to the donation 8nd this requires a level of perforn)anc¢ before entitlement can be obtaind then ineomc is deferred unlil those conditions are rully met or the fulfilmcnl of those conditions is within th¢ wntrol of the charity and it is probable that they will be fvlfill¢d. Income from charitsble actlvities includes proceeds from event ticket sal¢s to raise funds for the harity. Income is received in exchange for supplying goods and services in ord¢r to raise funds and is recognised when entitlement has occurred. IJ Expenditure Tangibl¢ Liabilities are reeogniscd as expendittsre as soon as there is a legal or constructive obligation commilting the charity to that expenditure. it is probable that a transfer of economic benefits will be required in senlemenl and the amount of the obligation can be mwur¢d reliably. Expenditure is accounted for on an accruals b&8is and has been ¢l&%sifieAJ und¢r h¢ading5 that aggregate all cost Telated to the ¢ate80ry. Inrcoverable VAT is ¢har8ed &8 an ex[Se against the activity for which expenditure 8ros¢. 1.4 sUprt Costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include 8oveTnance costs. They are incurred directly in Sup[ of expendilure on the objects of the charity. 1.5 Debtors and Creditoys Dcbtors and creditors with no stated interest fdte and r¢ceiv3ble or payable within one year are recorded at transaction price. Ally losses arising from impairnient are recognised in expendTture. 10
THE AFRICULTURE NETWORK Company limited by guarantee Not&8 to the financial statements for the year ended 31 December 2025 continued 1.6 Taxation The charity is exempt from coriM)ration tax on its charitable activities. Value added tax is nol recoverable by the charity. and as such is Includ in the relevantwsts inthe Ststement of Financial Activiti&s. 1.7 Fund Accounting Unrestricted funds can be uscd in accordance with the ¢haritabl¢ obje¢tiv¢s at the discretion of the trustees. Restricted funds can only k used for particular restricted purposes within the objects of the Charity. Restrictions arise wh¢n specified by the donor or when funds are raised for particular restricted purFK)ses. 1.8 Ultimate Con¢rolllng Party Thc entity is controlled by the Trustees. 2 Income from dona¢lons #nd leg¥Jcies R&8trieted Unrestricted Funds Funds 2025 Total 2024 To¢al General donations 2.085 2.085 3 Expenditure on charlthble attfvltiey Restricted Unre5trirted Funds Funds 2025 Tot21 2024 Tolal Other direct activity wsts SLbPWIrt costs 394 394 3,951 497 440 834 4.468 5 Creditors 2025 2024 Truste¢ T¢payable loans Accrued cxp¢nses 440 1.320 690 lJ20 11
Compatty limited by guarantee Notss to the financial ststements for the year ended 31 Deeember 2025 eontinued 6 Movement in Funds Intoming Outgoing At 01.0125 Resourtes Resources Gains & IA>ssesl At 31.1225 Trang¢ers Restricted funds Unrestricted funds General fund Total Funds (676) (676) 2,085 2,085 (850) (850) 559 559 Incoming OutgoiDg At 01.0124 Ruourcej Resour$ Gains & ithsesl At 31.12.24 Transfers Restricted fuDdg 3,685 {3,685) Unrestricted funds General fund Tot21 Funds 107 3,792 (783) (4,468) (676) (676) 7 AIIocAtion of Ne¢ Awts between Funds Cunynt Ats Current Ligbilities Totsl Restricted fund8 Unrestrleted fyDd$ G¢nerdl fund Total Funds (440} (440) 559 S59 8 Relied Party Disclosures Contributions of £250 were made to the charÉty by Trusw during the peri. There were no amounts due to or from trwes at the end of th¢ accounting period. 12